October 10, 2019
Upgrade, Inc. Launches Upgrade Card
Consumer-friendly card combines the flexibility of credit cards with the lower cost of personal loans
SAN FRANCISCO, CALIF. - Upgrade, Inc., a consumer credit platform that offers affordable and responsible loans, together with credit monitoring and education tools, today announced the launch of Upgrade Card. The new card offers the flexibility and convenience of a credit card accepted by millions of merchants, coupled with the lower cost and responsible use of credit of installment loans. Upgrade Card comes with a personal credit line of $500 to $50,000.
“Cross River is pleased to partner with Upgrade to provide consumers with such an innovative and responsible credit product” said Gilles Gade, founder, CEO and chairman of Cross River. Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, is the issuer of the personal credit lines available through Upgrade Card.
There is no fee to obtain or use Upgrade Card. Card charges are combined into installment plans payable over 12 to 60 months, committing users to the discipline of paying down their balance every month and resulting in much lower cost than traditional credit cards:
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