I tried applying with them recently, mainly because CreditKarma recommended it. They do a soft pull on TransUnion. I was approved for $15k at 23.99% for the basic Upgrade Card. I have a lot of new accounts and high utilization at the moment, so I was surprised to be approved at all. But, it was a pretty easy process. I took their offer and used the card to consolidate some balances into one payment. As I understand it, you can pay in full to avoid interest. But if you carry a balance, they convert it into a fixed payment program. Not sure how it reports yet. I am also not sure if their cards with rewards differ from the basic one. Now, they have a couple of
cash back cards and a BTC rewards card.
I think it is still unclear if you can use the card, pay in full, avoid interest, and not have a loan report. I used the cash option in mine and it immediately showed up in the account as a loan with a set payment amount and term. They did tell me the number of months and payment amount before I put in the request, which was helpful. After all, I'll be using this to consolidate some balances. Not sure about the viability of it for anything else.
I was offered their "Triple Cash Visa credit card" but wanted to know if this product reports to the CRA as an installment loan or revolving credit:
