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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 +75

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +75, equating to 4.5 on a 5 point rating scale.

+75

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.

Strongly recommended

17 users recommend
1 user is unsure
2 users don't recommend
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Highlights
Community Rating Strongly recommended
Loan Amount $500 - $50,000
APR  (Fixed APR) 8.99% - 29.99%
Number of Reviews 20

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.

Upgrade personal line of credit FAQ

What APRs does Upgrade Card Personal Credit Line offer?

Upgrade Card Personal Credit Line offers a fixed APR product that ranges from 8.99% APR up to 29.99% APR. Rate is quoted with autopay discount*.

Does Upgrade personal line of credit charge an origination fee?

No, they do 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 the Upgrade personal line of credit charge a cash advance fee?

No, they do not 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 the Upgrade Card Personal Credit Line charge a statement balance fee?

No, this lender does not charge a statement balance fee.

Does Upgrade Card Personal Credit Line charge a late fee?

No, they will not charge you a late fee of up to $0 .

How much can you borrow via Upgrade personal line of credit?

Upon approval and based on your credit score, your personal line of credit will be assigned a credit limit of at least $500 and as much as $50,000. .

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

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 may be 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?

Yes, 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 may help improve your credit.

How does Upgrade personal line of credit 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 personal line of credit

  • Visit the website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • 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.

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.

Contact

Other Services by Upgrade Inc

Availability

  Available in 47 states
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • 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
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Income
  • Proof of Identity
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Customizable Payment Dates
Payment Options
  • Automatic Payments
  • Check by mail
Pre-Approved Soft Credit Inquiry
APR (Fixed APR) 8.99% - 29.99%
Loan Amount $500 - $50,000

Upgrade Card Personal Credit Line Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +75, equating to 4.5 on a 5 point rating scale.

+75

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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