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Upgrade MyFive Cash Rewards Card Details - Up to $3,000 in Quarterly Spend

Purchases in your selected merchant category, up to $3,000 each quarter, accrue 5% cash back when you pay them back; all other purchases accrue 1% cash back with no maximum. After $3,000 in quarterly purchases in your selected merchant category, purchases in your selected category will accrue 1% cash back with no maximum.  Upon account opening, the default merchant category is Dining. Merchant category changes can be made on your Account Dashboard once a calendar month and will take effect on the next calendar day. If you do not update your merchant category for the month, your merchant category will remain the same as the prior month. Get more information on merchant categories below. Certain limitations apply. For more information on the Upgrade Cash Back Rewards Program, please see the program’s Terms and Conditions.

Merchant Categories*

Groceries: Grocery Stores | Supermarkets | Convenience Stores | Specialty Markets

Merchant examples: Kroger, Publix, Meijer, Safeway, and more.

TV, Internet and Streaming Services: Cable | Satellite | Other pay Television | Radio

Merchant examples: Netflix, Spectrum, Comcast, Spotify and more.

Dining: Cafes, Restaurants | Cafeterias | Diners | Eating | Establishments | Restaurants | Soda Fountains | Quick Service Restaurants | Vending Machines | Food Sandwich Shops | Ice Cream Shops | Coffee Shops | Yogurt Shops | Pretzel Stands | Food Delivery Services

Merchant examples: McDonald’s, Starbucks, UberEats, Waffle House and more.

Gas and EV Charging Stations: Service Stations | Automated Fuel Dispensers | Electronic Vehicle | Charging Service

Merchant examples: Shell, Exxon/Mobil, Chevron and more.

Travel: Airlines | Air Carriers | Hotels | Motels | Resorts | Central Reservation Services

Merchant examples: American Airlines, Marriott, Hilton, Delta Airlines and more.

Cell Phone Providers: Telecommunication Services | Cellular Telephone Service

Merchant examples: AT&T, T-Mobile, Verizon Wireless, Sprint and more.

Pet Care and Stores: Animal Doctors | Animal Hospitals Animal Clinics | Pet Hospitals | Pet Clinics Services | Veterinary Services | Pet Shops | Pet Foods | Supplies Stores

Merchant examples: Veterinarian visits, Chewy.com, Pet Smart and more.

Home Utilities: Electric Utilities | Garbage Collectors | Public Utilities | Sanitary Utilities | Gas Utilities | Waste Management Services | Water Utilities

Merchant examples: Duke Energy, Pacific Gas and Electric, Con Edison, and more.

Drug Stores: Drug Stores | Pharmacies

Merchant examples: Walgreens, CVS, RiteAid, and more.

*Merchants set their own category codes and therefore purchases may not appear in categories as expected. The listed merchants are examples of companies where purchases made at these companies will typically appear in the stated category as appropriate. Upgrade is in no way affiliated with these merchants or endorsing any of their products or services, nor are these merchants considered sponsors or co-sponsors of this program. All trademarks are the property of their respective owners.

Rates, Fees and Terms

Credit Lines feature Annual Percentage Rates (APRs) of 14.99% - 29.99% based on creditworthiness. The lowest rates require Autopay. For example, a $1,000 card purchase with a 36 month term and a 19.99% APR has a monthly payment of $37.55. Balance transfers are subject to a fee of up to 5% per transfer. Foreign transactions are subject to a fee of up to 3% per transaction. ATM withdrawal fees may apply. If incurred, these fees will increase your finance charge and APR. A late fee of up to $29 per late payment may apply. Your rate, line amount, and default term depend on maintaining a qualifying credit score, your credit usage history, requested amount, and other factors. The Upgrade Card is unique in that it allows you to obtain a series of closed-end loans which you may access through transactions such as card purchases up to your approved amount. As you repay your balance, additional credit may become available to you up to an approved amount subject to meeting our credit requirements, but your line will not replenish automatically.

Optional Early Pay 

By paying off your statement balance in full by the EarlyPay payment date, which is two calendar days after your statement closing date, you will avoid daily interest on any new transactions until the following EarlyPay payment date. Refer to your Personal Credit Line Agreement for EarlyPay terms and information. If the balance is not paid in full by the EarlyPay payment date, daily interest will begin to accrue after the Early Pay payment date for past and new transactions. To maintain good standing on your account, you must make at least the required monthly payment by the monthly payment due date, which is 22 calendar days after the statement closing date. You may pay down your full balance at any time to stop further interest charges.

Upgrade Shopping

With Upgrade Shopping, you can redeem purchase offers from participating merchants. For the current list of merchants and offers available to you, go to Upgrade Shopping on your account dashboard. Participating merchants and offer terms may be changed from time to time without notice. For full Upgrade Shopping terms, please review the Upgrade Shopping Terms and Conditions.

Visa's Zero Liability Policy

With Visa’s Zero Liability Policy, you won’t be held responsible for unauthorized transactions made using your Upgrade Card or card information, when you report them promptly. This does not apply to transactions not processed by Visa. Terms apply. For more information, please refer to your Cardholder Agreement.

ATM Acceptance

Your Upgrade Card is not an ATM card and cannot be used for transactions requiring a PIN.

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