Upromise credit card review – Forbes Advisor


Upromise® Mastercard®* vs Discover it® Cash Back

The Discover it Cash Back card offers an entirely different rewards structure: Earn 5% cash back on daily purchases at different locations each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay with PayPal, up to the quarterly maximum when you activate. Plus, get unlimited 1% cash back on all other purchases – automatically. For some, the Discover it Cash Back can bring in more rewards. But the convenience of earning 1.529% or 1.25% unlimited cash back can make the Upromise easier. The choice between these two cards is more likely to come down to choosing between automated investing in education or maximizing cash winnings.

The Discover it Cash Back, like the Upromise Mastercard, has no annual fee. It also offers a low introductory APR on balance transfers: 0% for 14 months. The standard APR for purchases and balance transfers is 11.99% to 22.99% Variable. The balance transfer fee is 3% introductory balance transfer fee, up to 5% fee on future balance transfers (see conditions) *.

Upromise® Mastercard®* compared to the Fidelity® Rewards Visa Signature® card*

If you’re looking for a way to automate college savings, the Fidelity® Rewards Visa Signature® card* deserves consideration. The card generates unlimited 2% cash back on every purchase you make and your earnings can be transferred to a qualifying Fidelity deposit, which includes 529 college savings plans. There is no annual fee and the card also comes with many Visa Signature benefits, including rental car collision insurance, emergency money and card replacement, and travel and emergency assistance, lost baggage reimbursement, travel accident insurance and road shipping.

One potential caveat: While you can also redeem your earnings for statement credit or other options in addition to a Fidelity deposit account, you cannot use these rewards as direct cash back.

Upromise® Mastercard®* compared to the Citi® Double Cash card

The Upromise card’s streamlined way of helping cardholders save money for college may make it more convenient than other cash back cards, but that doesn’t mean it offers the best market rates. The Citi Double Cash is a great example of a card that outperforms the Upromise card in terms of cash back potential. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% when you pay for those purchases. It also comes with a top-notch balance transfer offer: 0% introductory for 18 months on balance transfers, followed by a regular APR of 13.99% to 23.99% (variable). .

Rewards earned on Citi Double Cash are also much more flexible than Upromise rewards, as they can be used as statement credit, redeemed for cash back, travel, gift cards, merchandise, or converted to points. thank you and transferred to one of Citi’s trips. transfer partners.


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