Upgrade Card the Fastest Growing U.S. Credit Card According to Nilson Report

In the first half of 2021, Upgrade became the first Fintech company to reach the top 50 of the Nilson Report, coming in at #48 out of the list’s top 50 U.S. Visa/Mastercard Credit Card Issuers. Over the remaining six months, Upgrade leaped to #27, displaying a 539.5% year-over-year growth rate.

“We are excited to see the continued momentum of Upgrade Card,” said Renaud Laplanche, co-founder and CEO of Upgrade. “We believe we offer the lowest cost and most consumer-friendly card in the market, designed in such a way that consumers pay down their balance every month, save on the cost of interest, and sleep better at night as they’re paying down their debt.”

Since the company launched, Upgrade has successfully provided over $12 billion in affordable credit, with $7.5 billion in just 2021 alone. Though the company offers several premier credit cards, one of the most popular cards is Upgrade’s Triple Cash Rewards card. Using this card lets you earn 3% cash back on any purchases made under health, home, or auto categories, while every other purchase gets you 1% cash back.

If this card isn’t for you, Upgrade also offers credit cards with Bitcoin rewards as well as the OneCard, which earns 3% cash back on everyday purchases and no interest on buy-now-pay-later purchases.

Upgrade has delivered over $19 billion in affordable and responsible credit to everyday consumers through cards and loans since its inception in 2017. Upgrade was ranked #1 in the Financial Times’ list of Fastest Growing Companies in the Americas in 2021. The company is headquartered in San Francisco, California, with an operations center in Phoenix, Arizona, a technology center in Montreal, Canada, and a regional office in Atlanta, Georgia.

Upgrade is a financial technology company, not a bank. Banking services are provided by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. Loans and credit lines are issued by Cross River Bank and/or Blue Ridge Bank, a nationally chartered commercial bank, Member FDIC. Upgrade Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Rewards associated with the Upgrade Card, when applicable, are provided by Upgrade, Inc.