Learn how the Upwardli charge card helps you build credit.
Build Credit with Confidence: Your Guide to the Upwardli Mastercard® Charge Card
Our no-annual-fee, no-interest charge card is designed to help you build credit while keeping costs low. This guide covers everything you need to know, so you can unlock the full potential of your card and boost your credit like a pro. 💪
1. Move Money
Move money into your charge card account quickly and easily through the app. The amount you transfer becomes your card’s Available to Spend balance.
There are two ways to move money into your Charge Card account:
1. Set up Automatic Transfer (Best Option):
Set a specific amount to transfer automatically from your checking account to your Charge Card every payday. Simple, seamless, and stress-free.
Note: You can make changes or move money out of your Charge Card account at any time.
2. Manual Transfers:
You can also transfer money manually from your bank account to your charge card. Just remember to move funds whenever you want to increase your Available to Spend balance.
2. Spend Money
You can use your Charge Card anywhere Mastercard® is accepted, around the world.
Here are 2 key benefits of using your Charge Card for everyday purchases:
1. Stay on Top of Your Spending:
Your Available to Spend is the money you’ve moved into your charge card account—no surprises or outstanding balances. You can even set up automatic payments for recurring expenses.
2. No Impact on Credit Utilization:
We don’t report credit utilization, so using your charge card won’t hurt your credit score. You’re in control—manage your account balance to set your Available to Spend.
3. Build Credit
Build Credit with Smart Card Features: Our Charge Card helps you manage key factors that impact your credit score. Consistent use can build a strong payment history, extend your credit history over time, and more.
Two ways Charge Card can help build your credit:
1. Build Credit with On-Time Payments:
Paying on time is key to building your credit score. At the end of each month, we’ll use the money in your account to pay your balance in full and report it to the major credit bureaus. This way, everyday purchases like gas, groceries, bills, and subscriptions help strengthen your credit history.
2. Ensure On-Time Payments with AutoPay:
Turn on Automatic Payments for worry-free credit building. When you make a purchase, the amount spent is set aside in your account. At the end of the month, AutoPay uses those funds to pay your balance automatically—helping you avoid late payments and outstanding balances.
Frequently asked questions
Can't find what you're looking for? Visit our ZenDesk for more answers to your questions!
How does Upwardli work?
Fintech companies partner with Upwardli to provide a line of credit that turns your spending into credit building activity. Similar to a store card, Upwardli’s line of credit will provide you with a credit limit that you can use with a specific merchant. Each time you use your line of credit it will be reported to Experian and Equifax.
To get the most out of your line of credit, you should plan to use it every month. This will demonstrate ongoing utilization and excellent repayment history.
How much does it cost?
There are no additional fees or interest charges from Upwardli, however, you may be charged by the merchant offering the Upwardli line of credit.
Will Upwardli perform a hard credit inquiry when I apply?
The ‘soft inquiry’ credit check is used to pre-approve your credit builder line of credit. Once you have been approved you will see a new opened tradeline from Upwardli.
What do I need to apply?
• You must be at least 18 years old with a physical U.S. residence (physical address)
• A valid email address and phone number
• A valid social security number (SSN) or ITIN - if using an ITIN you must provide: Permanent Labor Certification w/ USCIS application or authorization, Employment Authorization Document (EAD), U.S. Work or Student VISA, or an I-765 Form
• A valid government issued ID
What counts towards my credit building?
Every time you transfer funds or make a payment on your line of credit, that payment will go toward your credit report and help build your credit from there!
Why was I not approved for a line of credit?
You may not have been approved for the credit builder line of credit for one or more of the following reasons:
• We were unable to successfully verify your identity
• You never completed the application (if you would like to re-apply, please Contact Us)
• You already have an account with this same merchant
• Your credit information didn’t meet our underwriting criteria
When do I need to pay?
Your merchant will collect payment from you and report to us when you have repaid your balance. If you have an outstanding balance reporting on your credit report please notify the merchant directly.
How do I check my credit score?
You can access your credit insights through the ‘Profile’ tab on the merchant's app.
Transform Your Startup
It's time for a win-win. Sign up for a customized demo below or contact us if you'd like to learn more.
