Finally, the Upgrade card is a good financing alternative, with good limit conditions and transparency for cardholders, who can closely manage their balances and payments.
Applying for your balance in an installment plan can help minimize the interest rates you charge, keeping your debts under control while you get your purchase money back. But this savings will depend on the APR rate that was assigned to your credit card, so it’s important to be aware.
If you fail to qualify for a lower APR rate, the Upgrade Card will be no more beneficial than a traditional credit card, which may come with an introductory 0% APR for the first 12 months or so.
Therefore, it is important that you check which APR rate will be assigned to your card before you apply. You can do this on the financial institution’s official website.