The American Legion USAA Rewards Visa Signature Card review May 2018 | finder.com

Review: The American Legion USAA Rewards™ Visa Signature® Card – May 2018

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It’s not the most powerful card, but it’s an especially good choice for active military personnel.

Product NameThe American Legion USAA Rewards™ Visa Signature® Card
Intro APR for Balance Transfer0% Intro APR for 12 months (with each transfer with a maximum fee of $200 or 3% balance transfer fee)
Balance Transfer Rate (not intro)12.40% to 27.40% variable
APR for Purchases ( Purchase Rate )12.40% to 27.40% variable
Annual fee$0
Cash Advance Rate12.40% to 27.40% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$35
Minimum Interest$0
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Returned Payment Fee$35
Over The Credit Line Fee$0
Late Payment Fee$35
Cash Advance Fee3% of the amount of each cash advance (maximum fee for each convenience check: $200). Fee waived when transferring funds electronically to a USAA deposit account.

Our review

The American Legion USAA Rewards™ Visa Signature® Card comes with $0 annual fee, and it offers a decent balance transfer promotion of 0% APR for 12 months.

However, you’ll receive just 1x points on all purchases, which is equivalent to 1% cash back. Meanwhile, there are cards that offer 1.5% and 2% cash back, such as the U.S. Bank Cash 365 and Citi Double Cash.

Other cards come with better signup bonuses. The The American Legion USAA Rewards™ Visa Signature® Card offers 2,500 points — worth $25 — while you’ll find cards that offer $150 bonus cash, like the BankAmericard Cash Rewards or U.S. Bank Cash 365.

Why you should get the The American Legion USAA Rewards™ Visa Signature® Card

There are two key reasons you might give this card a serious look:

  • You’re a passionate supporter of the American Legion. Each time you make an eligible purchase, USAA will make a donation to the organization.
  • You are being deployed or have received a permanent change of station (PCS) order. You’ll receive a special interest rate of 4% APR for 12 months.

Bottom line: The The American Legion USAA Rewards™ Visa Signature® Card isn’t the most powerful product. But it’s carved out a unique position in the market, and it could be the perfect card for you depending on your interests and deployment status.

Should you get the American Legion USAA Rewards Visa Signature Card?

  • If you want a card that offers a top-of-the-line signup bonus, cash back rate and 0% interest period, look for another card.
  • If you want a card that supports the American Legion, you’ve found the right product.
  • If you want a special interest rate for deployment or permanent change of station, the USAA card is a good choice.

The perks

  • ANNUAL FEE: $0.

    A $0 annual fee makes it easy to keep the The American Legion USAA Rewards™ Visa Signature® Card long-term.

  • INTRO APR: 0% on balance transfers for 12 months.

    This is a decent balance transfer promotion, though it’s not the longest you’ll find. For a stronger zero-interest period, consider the Citi Simplicity Card or Citi Diamond Preferred Card.

  • REWARDS: Earn points on every purchase.

    You’ll earn 1 point per dollar you spend on all purchases. Redeem points for:

  • 1% cash back.
  • Travel, gift cards and merchandise.
  • Reward donations to a military affiliate group.

It’s nice to have rewards, but you’ll earn more with other cards. For example, the Citi Double Cash offers 2% cash back on all purchases.

  • INTRO APR: 0% on balance transfers for 12 months.
  • Special interest rate for deployment and active duty.

USAA offers a special interest rate depending on your deployment status.

  • Deployment/Permanent Change of Station (PCS) rate: Get 4% APR on all balances for up to 12 months during deployment or PCS.
  • Servicemembers Civil Relief Act (SCRA) rate: If you have a balance on your account when you enter active military duty, you’ll get 4% APR on it until one year after you complete active duty.

The average credit card APR is around 16%, so 4% APR is a great deal. It can be especially useful if you need to make a big purchase now and pay for it over time.

  • Donations to the American Legion.

    Each time you make a qualifying purchase with your card, USAA Bank will make a donation to American Legion programs.

You’ll also like …

  • SIGNUP BONUS: 2,500 points after your first purchase.

    A signup bonus of 2,500 points is worth $25 cash back. You’ll find better signup bonuses with cards like the U.S. Bank Cash 365 and BankAmericard Cash Rewards, which each offers $150 bonus cash.

    To be fair, the USAA card’s signup bonus is easier to obtain: Just use your card for the first time.

  • Potentially low APR.

    Depending on your credit score, you may qualify for a regular APR as low as 12.40.

Other benefits

  • $0 foreign transaction fees.
  • 0% penalty APR.
  • $0 over-the-credit-limit fee.
  • Concierge services to assist you with your travel or big-ticket purchases.
  • Car rental coverage.
  • Extended warranties on products you buy with your card.
  • Travel accident insurance.

Compare 0% APR credit cards

Rates last updated May 20th, 2018
Name Product Product Description Intro Purchase APR Intro Purchase APR Period
Discover it® Card
Earn 5% Cash Back in rotating categories each quarter like gas stations, restaurants, Amazon.com, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus unlimited 1% cash back on all other purchases.
0%
14 months from date of account opening
Citi Simplicity® Card
This is the only card with No Late Fees, No Penalty Rate and No Annual Fee - Ever. Give it a try and apply to find out what the Citi Simplicity® Card can do for you.
0%
18 months from date of account opening
Chase Slate® Credit Card
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
0%
15 months
Bank of America® Travel Rewards credit card
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
0%
12 statement closing dates

Compare up to 4 providers

How does a balance transfer work with this card?

What to watch out for

  • Potentially high APR.

If you have a weaker credit history, you may be given an interest rate up to 27.4%.
How does credit card interest work?

What to know before you apply

To apply for the The American Legion USAA Rewards™ Visa Signature® Card, you must be a US citizen or permanent resident and at least 18 years old.

You must be a member of USAA. You’re eligible if you serve in the military or have previously served. You may also qualify through other means, such as if your spouse served in the military or is a USAA member.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number.

What credit score do I need?

You’ll have a better chance of being approved for this card if you apply with a good to excellent credit score of 680 to 850.
What’s a good credit score?

How to apply for theThe American Legion USAA Rewards™ Visa Signature® Card

1. Go to the USAA website and click Apply Now.
USAA Rewards Visa Signature Card step 1
2. Select whether you’re a USAA member. If you are, you’ll be asked to enter your login credentials. If you’re not, sign up to become one as long as you meet the eligibility requirements.

3. Complete the application with details like your name, address, annual income and Social Security number.
4. Review and submit your application.
USAA Rewards Visa Signature Card step 4

How long will it take to be approved?

Typically, USAA will send you a decision within five to seven days. If there are issues with your application, however, it may take up to several weeks to hear back.

I got the card. Now what?

  • Make timely payments. Pay your card bill online at the USAA website, where you can enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period between 25 to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late and returned payments come with fees of up to $35. Balance transfers and cash advances also come with fees.
  • Contact customer service. If you have questions, call USAA at 800-531-8722.

Bottom line

The The American Legion USAA Rewards™ Visa Signature® Card is overpowered by other cards on the market, but it still offers solid benefits. It’s also a good choice if you want to support the American Legion through your spending.

If you’re about to go into active military duty, the card may be an especially good choice, as you’ll receive 4% APR for a year.

Still not convinced this is the right card for you? Compare your options with our comprehensive guide to credit cards.

Frequently asked questions

Images: USAA.com

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