Upgrade Visa LOC Question

EaglesFan2006 · ‎03-19-2021

Does this card report if you don't use the VISA/line of credit? I opened the account a month or so ago and I got an offer for another personal loan that is a better rate and can help me faster and more efficiently. So if I go that route I would have no need for the Upgrade card. I know its not a traditional credit card it works more like a personal line of credit...from what I read on here the reporting can vary. Just curious if I never use if it it will report

Bradac56 · ‎03-19-2021

Check your credit report does it show up as a line of credit or a charge card ?

I would assume if it shows as a LOC on the report then it would report as a LOC for scoring pourposes.

EaglesFan2006 · ‎03-19-2021

@Bradac56 wrote:
Check your credit report does it show up as a line of credit or a charge card ?
I would assume if it shows as a LOC on the report then it would report as a LOC for scoring pourposes.

Not on there at all yet. It's new though so that doesn't surprise me. But my question is if I don't use it at all would it report at all? I know a normal credit card would but this isn't like a normal card it's closer to a personal loan than a CC.

4sallypat · ‎03-20-2021

@EaglesFan2006 May I ask what other lender gave you a better rate than Upgrade ?

I keep receiving the Upgrade VISA offers w/ 1.5% cash back and $100 SUB but haven't pulled the trigger as I am a bit worried their interest rate might be high (had a previous Upgrade loan years ago @ 15%).

Teetering on their offer: