- Card earns at the following rate:
- 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants and bars – including deliveries – and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services. Up to a cap of $500 in spend per year and then 1% per year
- 1% cash back on all other purchases
- No monthly fees
I don’t see how 1% cash back with no cap and very little to no fees is sustainable long term. Upgrade has raised $222 in venture capital though, so nothing should be surprising when it comes to these new neo banks I guess.