 TITLE: Is the Upgrade Card Better Than a Personal Loan? CONTENT: Should You Get the Upgrade Visa® Card with Cash Rewards?\n--------------------------------------------------------\nThe Upgrade Visa® Card with Cash Rewards could be a better option than a personal loan if you need to finance a series of purchases or aren't sure exactly how much money you'll need.\nFor example, if you're financing a home renovation project and plan to make payments as your work progresses, you don't necessarily want to borrow and pay interest on all the money upfront. Instead, using the Upgrade Visa® Card with Cash Rewards to borrow as you go could decrease your costs.\nBecause it doesn't charge any fees, the Upgrade Visa® Card with Cash Rewards could also offer savings compared with some personal loans or other lines of credit. However, figuring out which is best is going to depend on each lender's offer.\nUpgrade lets you apply for a prequalification with a soft inquiry, which won't impact your credit scores. You can then see your estimated rates, terms and credit limit or loan amount for the Upgrade Visa® Card with Cash Rewards and Upgrade personal loan. Upgrade will perform a hard inquiry when the card is issued if you accept the offer.\nCompare Upgrade's offers to prequalification offers from other personal loan lenders. To save time, you could use a tool like Experian CreditMatch™ to quickly compare options from multiple lenders.\nYou may find a personal loan is best if you can get approved for a loan without an origination fee or with a lower interest rate (through SoFi, for instance). Or, if you need a large loan, a personal loan may let you borrow more than your Upgrade Visa® Card with Cash Rewards's credit limit.\nIf you're comparing an Upgrade Visa® Card with Cash Rewards with a credit card, consider that the Upgrade Visa® Card with Cash Rewards charges daily interest on every transaction. A credit card would probably be better for making day-to-day purchases if you pay your bill in full each month, as you won't pay any interest. And while the Upgrade Visa® Card with Cash Rewards does offer a 1.5% cash back rate, many credit cards may offer better rewards on purchases, and have cardholder benefits the Upgrade Visa® Card with Cash Rewards lacks.\nA credit card can be the more expensive option if you plan on using it to make large purchases and paying them off over time. Unless the credit card has a promotional interest rate, the Upgrade Visa® Card with Cash Rewards is likely to offer a lower interest rate and fewer fees than a credit card. END