Chip Lupo, Credit Card Writer
@CLoop
The Upgrade Triple Cash Rewards Visa® card categories for bonus rewards are home, health, and auto. Purchases that fall into the Upgrade Triple Cash Rewards Visa® bonus categories get cardholders extra rewards compared to the card’s base earning rate. The Upgrade Triple Cash Rewards Visa gives rewards for these purchases as you pay them off, rather than when you purchase them.
Whether a purchase falls into a card’s bonus categories depends on “Merchant Category Codes,” which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant has the MCC for “Home,” for example, purchases made at that merchant will earn bonus rewards on cards that include “Home” as a bonus category.
When choosing a rewards credit card, it’s a good idea to pick a card that offers the opportunity to earn bonus rewards in your most frequent purchase categories. So if you spend a lot in the categories offered on the Upgrade Triple Cash Rewards Visa® card, it may be a good card for you.
People also ask
What are the different types of credit card rewards?
There are three different types of credit card rewards: points, miles and cash back. Rewards credit cards are also targeted to three main groups: students, small business owners and people with above-average credit.
Although there are differences between credit card rewards currencies and the ways in which credit card companies dole them out to different groups, the major types of credit card rewards all work pretty much the same way. You’ll earn rewards for...
read full answerCash back vs. points: does it make a difference?
The difference between cash back and points is that the former is the most versatile type of credit card rewards, as it can be redeemed for anything, and there’s never any doubt about how much it’s worth. Points, on the other hand, have a value set by the credit card company and tend to be worth the most when redeemed for travel. Credit card companies won’t always clearly disclose points values, and those values can change over...
read full answerHow do you redeem credit card rewards?
You can redeem your credit card rewards online, through the issuer’s mobile app, or over the phone, depending on the card. The most common credit card rewards redemption options include cash back, travel purchases, and gift cards.
Once you redeem your credit card rewards, they’ll be subtracted from your rewards balance immediately. If you wish to redeem your rewards for a statement credit, it will generally be credited to your account within 2-3...
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