Chase Total Checking®

Upgrade Rewards $400 Checking Referral Bonus

Get up to a $400 referral bonus when you open a new Upgrade Rewards Checking account and make 3 debit card purchases within 60 days of account opening. No direct deposit requirements. Full details of this bonus offer below.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Axos Bank.

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About Upgrade

Upgrade is a fintech company that provides mobile banking products that are FDIC insured through its partner, Cross River Bank. Based in San Francisco, Upgrade products include personal loans, credit cards, a savings account, and a checking account.

The checking account is called Upgrade Rewards Checking and right now you can earn a $100 referral bonus or a $400 OneCard bonus when you open an account and complete qualifying activities. There are no direct deposits required for this promotion- see below for offer details.

Upgrade OneCard Rewards Checking $400 Bonus

Get a $400 bonus when you open a new Rewards Checking account and make 3 qualifying purchases with your Upgrade OneCard and/or debit card within the first 60 days.

With the no-fee OneCard, you’ll earn 3% cash back on everyday purchases and 2% on everything else.

OneCard Bonus Step-by-Step Directions:

  1. Open an Upgrade OneCard Rewards Checking account using this link.
  2. Complete three OneCard or debit card purchases within 60 days of account opening.
  3. Receive a $400 bonus within three days of completing bonus requirements.

OneCard Offer Details

Availability: Nationwide
Expiration: None listed
Household Limit: None
Direct Deposit Required: No
Hard/Soft Pull: Hard
Early Account Termination Fee: None

Upgrade Rewards Checking $100 Referral Bonus

Get a $100 bonus if you use an existing customer’s referral link to open a new Upgrade Rewards Checking account and make 3 debit card purchases within 60 days of account opening.

Referral Bonus Step-by-Step Directions:

  1. Open an Upgrade Rewards Checking account using this link.
  2. Complete three debit card purchases within 60 days of account opening.
  3. Receive a $100 bonus within three days of completing bonus requirements.

Offer Details

Availability: Nationwide
Expiration: 1/31/2023
Household Limit: None
Direct Deposit Required: No
Hard/Soft Pull: Soft
Early Account Termination Fee: None

Avoiding Fees

Good news – there are no monthly account fees or early termination fees to worry about.

Referral Bonus Terms & Conditions

  • This is for new customers only which means for the purposes of this referral bonus that If you do not currently have or have not previously had a Rewards Checking account through Upgrade (a “New Customer”).
  • You can receive a Welcome Bonus if you use an existing customer’s unique referral link to (1) open a new Rewards Checking account, subject to account approval, by the Offer Period, and (2) complete three (3) eligible purchases with the Rewards Checking debit card within sixty (60) days from account opening (a “Qualified Registration”).
  • If you complete a Qualified Registration, you will receive a welcome bonus in the amount presented to you when you open your Rewards Checking Account if your account is opened by the Offer Period (the “Welcome Bonus”).

The Bottom Line

Quick and easy referral bonus with no direct deposit requirements. Upgrade has promotions for their other banking products too.

I got approved instantly when I applied, but had to wait a day for them to formally give me access to the checking account. Reports indicate that some users were asked to provide verification of their identity to make sure they were the ones opening the account.

Once I got the Upgrade debit card, I reloaded my Amazon account three times for $1 each to complete the bonus requirements. The $100 bonus got deposited into my Upgrade checking account four days later.

Once you have an Upgrade Rewards Checking account, you can invite others to join with your referral link. Both of you will receive a $100 bonus after the person you refer successfully opens an account and completes three debit card purchases.

Note that while you can refer as many people as you want, you can only earn a maximum of 10 referral bonuses in one calendar year. Now go find 10 friends and hustle for the $1,000!

5 thoughts on “Upgrade Rewards $400 Checking Referral Bonus”

  1. Opened account. Referred a friend. Got the card and loaded amazon 3 times. $100 added two days later. Then my referral link. I called and they said that the promo ended 11/11.

    Reply
  2. This seems much less complex than other bank Bonuses; you can open an account with no DD requirements, make essentially 3 $1 purchases, receive the bonus in a matter of days, and then close the account in a matter of days with no penalty?? Seems like a losing strategy on their part, no ?

    Reply
    • Yes, that’s it! The offer is very straightforward, but not unheard of – like Fidelity and Novo.

      Banks will adjust their promotions if customer acquisition costs outweigh the benefits. Just keep in mind sign-up offers are significantly less expensive than running television ads. Plus, it gets a ton of people in the door and a good number of them stay as customers.

      There were a few accounts I opened earlier this year and I ended up keeping them because the features/benefits were interesting (e.g. Juno, Amex Business, SoFi).

      Reply
  3. I attempted to open an account and they are asking for 2 years of tax returns? I have never heard of this requirement to open a checking account

    Reply
    • It’s not common, but banks may request this if their systems are unable to verify who you are. It happened to me for the first time with a bank bonus I did a few years back.

      Reply

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