All Upgrade bonuses at a glance
Bonus type | Bonus amount | Requirements | Learn more |
---|---|---|---|
Upgrade Card welcome bonus | $200 | Open and fund a new Rewards Checking Plus account and make three qualifying debit card transactions using the Upgrade Card within 60 days of opening. New customers only. |
Upgrade’s best bonus offer
Upgrade’s best bonus is its $200 welcome offer when you get the Upgrade Card and open a Rewards Checking Plus account.
To qualify for the bonus, you need to be a new Rewards Checking Plus account customer and get the Upgrade Card. You need to make at least three qualifying debit card transactions within 60 days of meeting the requirements. Keep your account in good standing to receive the funds.
What does Upgrade consider a qualifying transaction?
Upgrade does not consider the following transactions as qualifying for bonuses or rewards:
- ATM transactions
- In-store cash withdrawals or cashback transactions
- Transactions identified by a merchant as not eligible for rewards
How does the Upgrade Card work?
The Upgrade Card sort of works like a credit card and personal loan in one. The card will have a limit between $500 and $25,000, and you have predictable monthly payments with a fixed interest rate. The card can earn up to 1.5% cash back on all purchases. If you have an owed balance, your cashback rewards are applied to the Upgrade Card balance after your next scheduled payment. If you don’t have an owed balance, you can elect to have the cash back sent to a bank account on file.
Compare more bank account bonuses
Upgrade is a fintech that provides bank accounts, credit cards and other financial products through its partner, Cross River Bank. Its savings account offers a strong 4.41% APY if you maintain a balance of $1,000, and its checking account comes with a cashback card.
But you must be comfortable with an all-digital banking process as Upgrade doesn’t have physical branches. Plus, it doesn’t allow cash deposits. If Upgrade isn’t right for you, compare more bank account bonuses to earn some extra cash when you’re switching banks.
Bank | Bonus offer | More info |
---|---|---|
PNC | Up to $1,000 | Learn more |
Axos bank | Up to $400 | Learn more |
SoFi® | Up to $300 | Learn more |
Fifth Third Bank | Up to $300 | Learn more |
Chime | Up to $100 | Learn more |
Varo | Up to $25 | Learn more |
Frequently asked questions
Are there banks with immediate signup bonuses?
Unfortunately, most banks don’t pay signup bonuses immediately. Most bonuses have specific conditions to meet, such as spending a certain amount within a designated period. After meeting those conditions, most banks will issue the signup bonus within 30 to 90 days, provided your account remains open and in good standing.
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