Upgrade
Upgrade offers personal loans, credit cards, and banking services with various rewards and benefits, including high-yield savings and credit health monitoring.
Services
Upgrade offers a range of financial services tailored to individual needs. These include personal loans up to $50,000 for various purposes like debt consolidation, home improvement, major purchases, and unexpected expenses. The company also provides auto refinancing options aimed at reducing monthly car payments. Their Credit Health Monitoring service allows users to check and monitor their credit score for free. Additionally, Upgrade provides financial education through their Credit Health Insights section, which offers resources on managing debt, personal loans, and credit health.
Products
Upgrade's product lineup includes several financial tools designed for diverse consumer needs. They offer the Upgrade Cards with various reward programs such as Cash Rewards, Life Rewards, and Upgrade Select. The unique Upgrade OneCard combines the features of a credit card and a debit card, allowing users the flexibility to pay now or later. For savings, Upgrade provides a high-yield Premier Savings account with an APY of 5.21% on balances above $1,000. The Rewards Checking Plus account offers customers up to 2% cash back on purchases with no monthly fees and benefits like early direct deposit and no overdraft fees.
Debt Payoff Solutions
Upgrade assists customers in managing and paying off existing debt through its Debt Payoff option, allowing users to directly use their personal loan to eliminate outstanding debt. This feature is designed to streamline the process of debt repayment and improve financial health. Additionally, the platform allows contractors to offer financing to their clients, further aiding individuals in managing their financial obligations more effectively.
Partnerships
Upgrade collaborates with Cross River Bank to issue personal loans, auto refinance loans, and the Upgrade Card. This partnership enables Upgrade to offer reliable financial products and services to its customers, leveraging Cross River Bank's banking infrastructure. This collaboration ensures that upgrade's users have access to securely managed financial solutions.
Mobile App
Upgrade provides a mobile app which offers a convenient way for users to manage their accounts and access a range of services on the go. The app includes functionalities such as monitoring account balances, making transactions, checking credit scores, and accessing financial resources. This makes it easier for users to stay on top of their financial health and leverage Upgrade’s services anytime, anywhere.