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Upgrade Card Personal Credit Line

in Personal Lines of Credit from Upgrade Inc.

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Upgrade Card Personal Credit Line

Claimed

in Personal Lines of Credit from Upgrade Inc.

SuperMoney Net Recommendation Score +44%

SUPERMONEY NET RECOMMENDATION SCORE

+44%

-100% 0% +100%
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6 users recommend
1 user is unsure
2 users don't recommend
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Highlights
Highlights
Community Rating Mostly recommended
Loan Amount $500 - $20,000
APR  (Fixed APR) 6.99% - 29.99%
Number of Reviews 9

Upgrade Card Personal Credit Line Review

Upgrade Card Personal Credit Line is offered by Upgrade Inc., a marketplace lending platform founded in 2016 and based in San Francisco, CA. Upgrade Card Personal Credit Line is available in 47 states across the USA.

What APRs does Upgrade Card Personal Credit Line offer?

Upgrade Card Personal Credit Line offers a fixed APR product that ranges from 6.99% APR up to 29.99% APR. Rate is quoted with autopay discount*.

Does Upgrade Card Personal Credit Line charge an origination fee?

No, Upgrade Card Personal Credit Line does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Upgrade Card Personal Credit Line charge a cash advance fee?

No, Upgrade Card Personal Credit Line doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.

Does Upgrade Card Personal Credit Line charge a late fee?

No, Upgrade Card Personal Credit Line will not charge you a late fee of up to $0 .

How much can you borrow via Upgrade Card Personal Credit Line?

Upon approval and based on your credit worthiness, your Upgrade Card Personal Credit Line personal line of credit will be assigned a credit line of at least $500 and as much as $20,000. .

Upgrade Card Personal Credit Line Fees
Cash Advance Fee N/A
Origination Fee 0%
Prepayment Fee? No
Late Payment Fee $0

What do you need to qualify for Upgrade Card Personal Credit Line?

Applicants with a credit score of at least 600 and up to 850 are eligible for Upgrade Card Personal Credit Line. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Upgrade Card Personal Credit Line does not have or does not disclose a minimum annual income eligibility requirement. Upgrade Card Personal Credit Line only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Upgrade Card Personal Credit Line. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Upgrade Card Personal Credit Line. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Proof of income
  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit

Does Upgrade Card Personal Credit Line report your account activity to credit bureaus?

Upgrade Card Personal Credit Line reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How does Upgrade Card Personal Credit Line compare to other personal lines of credit?

Pros & Cons of Upgrade Card Personal Credit Line
Pros Cons
  • No fees, no annual fee, and no application fee.
  • See if you qualify in minutes without hurting your credit score.
  • Enjoy peace of mind with $0 Fraud liability.
  • Combine the flexibility of a card with the low cost and predictability of a loan.
  • No rewards on purchases.
  • No introductory 0% APR offers.
  • How to apply for Upgrade Card Personal Credit Line

    • Visit the Upgrade Inc. website.
    • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
    • Check the information is accurate and submit your application.
    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    • Headquarters
    •   275 Battery Street
      San Francisco, CA 94104
    •   Visit Site

    Other Services by Upgrade Inc.

    Message From Upgrade Inc.

    Two members of our founding team, Renaud Laplanche and Soul Htite, are the co-founders of Lending Club, a pioneer in marketplace lending that facilitated over $28 billion in loans and made credit more affordable for nearly 2 million American families over the last decade. Soul also founded Dianrong, one of the largest marketplace lending platforms in Asia. Our founders have now designed a new credit platform that attempts to create even more value for our customers and be more helpful to more people. Our goal is to help you understand and unlock your credit potential and lower the cost of your credit so you can build the future you want.

    Availability

      Available in 47 states
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • Wyoming

    Feature Breakdown

    Annual Fee $0
    Late Fee Amount $0
    No Origination Fee  
    No Prepayment Fee  
    Origination Fee (%) 0%
    No Late Fees  
    Checking Account Required  
    Credit Score Range 600 - 850
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Customizable Payment Dates  
    Payment Options
    • Automatic Payments
    • Check by mail
    Pre-Approved Soft Credit Inquiry  
    APR (Fixed APR) 6.99% - 29.99%
    Loan Amount $500 - $20,000

    Upgrade Card Personal Credit Line Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    +44%

    -100% 0% +100%
    No one recommends Everyone recommends

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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