Upgrade - Reviewed & Compared

Summary

Upgrade's Rewards Checking Plus provides a streamlined digital banking experience, offering up to 2% cash back on purchases with no monthly fees. Despite its benefits like early payday, Upgrade’s Rewards Checking Plus customers can access fee-free withdrawals at over 55,000 Allpoint ATMs nationwide. Upgrade also has strong customer reviews with Trustpilot, rated Excellent.

Overview

Upgrade positions itself as a digital financial platform, encompassing personal loans, credit lines, and digital banking services. Operating without physical branches, Upgrade has earned an A+ rating from the Better Business Bureau (BBB), showcasing its commitment to customer satisfaction and transparent business practices. The Rewards Checking Plus account stands out for its fee-free approach and competitive cash back rewards.

What They Do Best

Upgrade excels in delivering a fee-free online checking experience with noteworthy features such as up to 2% cash back on select categories. The absence of minimum balances and monthly fees, along with the fee-free withdrawals at Allpoint ATMs nationwide, adds to the platform's appeal, making it an attractive option for those seeking financial perks without traditional banking constraints. Their Rewards Checking Plus account also earns unlimited cash back on debit card purchases, making every purchase worthwhile. Also, it’s a perfect solution for those who enjoy doing their banking online, anywhere and at any time.

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Any Negatives

While Upgrade offers compelling benefits, users must specifically attend Allpoint ATMs to enjoy fee-free withdrawals, which are conveniently located in retail locations like Walgreens®, CVS Pharmacy® and more. The absence of overdraft protection may pose a limitation. The generous 2% cash back is subject to a cap of $500 per calendar year, necessitating awareness of spending limits for optimal rewards.

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Our Final Verdict: 8.8/10

Upgrade's Rewards Checking Plus caters to individuals seeking a sophisticated digital banking experience with cash rewards. Despite some criteria, the absence of monthly fees, competitive cash back rates, and a strong BBB rating position Upgrade as an appealing choice for those prioritizing a digital-first approach to banking.

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