Below is a list of upgrades that mercenaries can have. The presence of stats or abilities on the original mercenary card can prevent certain upgrades from appearing. The presence of an upgrade on a mercenary is shown by a prefix that gets added to the name of the mercenary (shown in bold in the list below).
the swift : fast. Can't appear on cards with immobile or fast.
the thrifty : lowered card cost
the shielded : additional shields
the armoured : additional resistance
the deadly : increased attack
the strong : increased defense
the besieger : immobile, siege and a bonus to defense (based on original attack value). Can't appear on cards with immobile or attack passives, or no attack value.
the ethereal : ethereal and a bonus to defense. Can't appear on cards with ethereal.
the striker : additional retaliate
the phoenix : restore. Can't appear on cards that already have restore.
the unblockable : unblockable. Can't appear on cards with immobile or other attack passives.
the cerberus : cerberus and lowered attack value. Can't appear on cards with immobile or other attack passives.
the hydra : hydra and lowered attack value. Can't appear on cards with immobile or other attack passives.
the unpredictable : randomstrike and lowered attack value. Can't appear on cards with immobile or other attack passives.
the repeater : multistrike and lowered attack value. Can't appear on cards with immobile.
the powerful : overpower and increased attack. Can't appear on cards with immobile, overpower or unblockable.
the unwavering : unwavering and increased defense. Can't appear on cards with unwavering.
the mitigator : mitigation. Can't appear on cards with mitigation.
the efficient : lowered activation cost. Can only appear on cards with an acti cost of more than zero.
the artificer : 50% of total card cost (rounded down) becomes random. Can only appear non-artifact single-color cards with minimum 2 cost.
the burning : the major race of the card becomes human. Also grants strong VS against human.
the dark one : the major race of the card becomes ca'anian. Also grants strong VS against ca'anian.
the crystalline : the major race of the card becomes xyloxi. Also grants strong VS against xyloxi.
the fused one : the major race of the card becomes caes'cix. Also grants strong VS against caes'cix.
the heavy : the major race of the card becomes rivi'i. Also grants strong VS against rivi'i.
the chaotic : the major race of the card becomes mith'ri'aeil. Also grants strong VS against mith'ri'aeil.
the technical : the major race of the card becomes technomancer. Also grants strong VS against technomancer.
the rifted : the major race of the card becomes rift demon. Also grants strong VS against rift demon.
the neutral : card becomes artifact. Can't appear on artifact or dual color cards.
the human : the minor race of the card becomes human and half the card cost is turned into this type as well. Also grants racial resist against this race.
the ca'anian : the minor race of the card becomes ca'anian and half the card cost is turned into this type as well. Also grants racial resist against this race.
the xyloxi : the minor race of the card becomes xyloxi and half the card cost is turned into this type as well. Also grants racial resist against this race.
the caes'cix : the minor race of the card becomes caes'cix and half the card cost is turned into this type as well. Also grants racial resist against this race.
the rivi'i : the minor race of the card becomes rivi'i and half the card cost is turned into this type as well. Also grants racial resist against this race.
the mith'ri'aeil : the minor race of the card becomes mith'ri'aeil and half the card cost is turned into this type as well. Also grants racial resist against this race.
the technomancer : the minor race of the card becomes technomancer and half the card cost is turned into this type as well. Also grants racial resist against this race.
the rift demon : the minor race of the card becomes rift demon and half the card cost is turned into this type as well. Also grants racial resist against this race.
the guardian : grants an aura that increases base resistance. Can't appear on cards that already have an aura ability.
the provoker : grants an aura that increases base retaliation. Can't appear on cards that already have an aura ability.
the reinforcer : grants an aura that grants base mitigation. Can't appear on cards that already have an aura ability.