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 (and Washington, DC).

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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 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 score.

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.