Review: Cash Rewards® American Express® Card — October 2017

This card is no longer offered.

An Amex card with impressive USAA rewards and generous perks for military personnel.

American Express cards are know to provide a wide array of features, and the USAA Cash Rewards® American Express® Card is no exception. You’ll gain Amex’s travel, concierge and insurance benefits immediately. You’ll also like the card’s $0 p.a. annual fee, generous cash back rewards on purchases like gas and groceries and USAA’s accommodating perks for military service members.

The basics

The USAA Cash Rewards® American Express® card is backed by American Express®, which offers an impressive suite of world-class benefits. You’ll enjoy 24/7 concierge service for dining, entertainment, assistance with travel planning, rental car insurance, and shopping benefits like price protection and extended warranties.

Every time you use the card, earn 2.25% cash back on groceries and gas, saving you money on things you buy anyway. There’s no limit on your points and they never expire. Military service members on deployment will especially like the card’s lenient interest rates and fee reimbursements.

Your interest rate depends on your credit, at 12.90% to 26.90% variable. Regardless of your interest rate you’ll always enjoy a $0 annual fee, cash rewards redeemable at any time, and no foreign transaction fees.

The perks

  • Cash back rewards. Earn 2.25% cash back on groceries and gas, and up to 1.25% cash back on everything else.
  • Cash rewards redeemable anytime. USAA’s cash back policy lets you cash out anytime.
  • No foreign transaction fees. Use your USAA Amex card outside of the US with no fees.
  • Rental car insurance. You’re covered with collision insurance when you rent a car with your USAA Amex card.
  • Amex security. Includes identity theft protection, price protection and extended purchase warranties.
  • Concierge service. Access Amex’s concierge service for travel, dining, entertainment and more.
  • Travel perks. Offers assistance for when you travel like medical and legal services, roadside assistance, baggage delay coverage, trip cancellation insurance and more.

You’ll also like…

    • Special 4% SCRA rate. You’ll get 4% APR on your existing balance when you enter active duty.
    • Deployment/PCS Rate. Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR, currently between 10.65% to 26.65% variable, will apply. This rate will vary with the market, based on the prime rate.
    • Military Campaign Benefit. You’ll get a rebate on all finance charges accrued while you served in a qualified military campaign.

    What to watch out for

    • Only for members of the military and their family members. To qualify for the card, you need to be an active military member, a veteran who was honorably discharged, or an eligible military family member.
    • Late and returned payment fees. Late payment comes with a $25 fee for the first transgression in six billing periods; otherwise, the fee is $35. The same fee structure applies for returned payments.
    • Balance transfer and cash advance fee. When transferring balances and taking out cash advances, remember to factor in the fee of 3% of the transaction amount (maximum fee is $200).

    Compare other American Express credit cards

    Rates last updated October 22nd, 2017
    Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
    Wells Fargo Propel 365 American Express® Card
    14.99% to 22.99% variable
    0% Intro APR for 12 months (with 5% for each balance transfer, with a minimum of $5% balance transfer fee)
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    Wells Fargo Propel American Express® Card
    13.99% to 25.99% variable
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    Blue from American Express® Card
    16.24, 19.24 or 21.24% variable
    16.24, 19.24 or 21.24% variable% Intro APR for within 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $0
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    Blue Sky from American Express® Card
    18.24, 21.24 or 23.24% variable
    18.2421.2423.24% Intro APR for within 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
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    Hilton Honors™ Card from American Express
    16.24% to 20.24% variable
    16.2420.24% Intro APR for 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
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    Earn 50000 Hilton Honors Bonus Points after spending $1,000 or more in purchases on the Card within your first 3 months of Card Membership.
    Hilton Honors™ Surpass® Card from American Express
    16.24% to 20.24% variable
    16.2420.24% Intro APR for 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $75
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    American Express Serve®
    FREE ATM withdrawals at over 24,000 MoneyPass® ATM locations nationwide.
    The Mercedes-Benz Credit Card from American Express
    16.24% variable
    16.24% Intro APR for 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
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    Earn 10000 Membership Rewards ® points after using your new Card to make $1,000 in purchases within the first 3 months.
    Plenti® Credit Card from Amex
    15.99% to 25.99% variable
    15.9925.99% Intro APR for 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
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    Earn 5000 Plenti® points after you spend $250 in purchases on your Plenti® Credit Card from Amex within your first 3 months of Card Membership.
    Platinum Delta SkyMiles® Credit Card
    16.74% to 25.74% variable
    16.2420.24% Intro APR for 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $195
    Earn 5,000 Medallion® Qualification Miles (MQMs) and 35000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months. In addition, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months.
    Gold Delta SkyMiles® Credit Card
    16.74% to 25.74% variable
    16.7425.74% Intro APR for 60 days of account opening (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $0 intro annual fee for the first year, then $95.
    Earn 50000 Bonus Miles after you spend $2,000 in purchases with your new Card within the first 3 months† and a $50 statement credit after you make a Delta purchase with your new Card within your first 3 months. Plus, earn an additional 10,000 bonus miles after you make an additional $1,000 in purchases within your first 6 months. Offer expires on 11/8/2017.
    Delta Reserve® Credit Card from American Express
    16.74% to 25.74% variable
    $450
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    Platinum Delta SkyMiles® Credit Card
    16.74% to 25.74% variable
    16.7425.74% Intro APR for 60 days (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $195
    Earn bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $1,000 in purchases on your new Card in your first 3 months.
    American Express® Green Card
    No interest charges because you pay your balance in full each month
    $0 annual fee for the first year ($95 thereafter)
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    Premier Rewards Gold Card from American Express
    No interest charges because you pay your balance in full each month
    $195 for the Premier Rewards Gold Card and $0 for the Basic Card
    More Points. More Rewards.
    The Platinum Card® from American Express
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    $550
    Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com.
    Blue Cash Everyday® Card from American Express
    13.99% to 24.99% variable
    0% Intro APR for first 15 months (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $0
    Blue Cash Preferred® Card from American Express
    13.99% to 24.99% variable
    0% Intro APR for 12 months (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $95
    Amex EveryDay® Credit Card
    13.99% to 23.99% variable
    0% Intro APR for first 12 months (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $0
    Amex EveryDay® Preferred Credit Card
    13.99% to 23.99% variable
    0% Intro APR for 12 months (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
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    Starwood Preferred Guest American Express Credit Card
    16.24% to 20.24% variable
    16.2420.24% Intro APR for 60 days (with $5 or 3% of the amount of each transfer, whichever is greater% balance transfer fee)
    $0 annual fee for the first year ($95 thereafter)
    Earn 25000 bonus Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.
    USAA Secured Card American Express®
    10.90% to 20.90% variable
    $35
    You can get travel benefits (no foreign transaction fees), retail benefits and collision damage waiver coverage on your rental car.
    USAA Cashback Rewards Plus American Express® Card
    12.90% to 26.90% variable
    $0
    Get high cash back rewards on most purchases, including gasoline, groceries and military base purchases.

    Compare up to 4 providers

    What do I need to know before I apply?

    Eligibility criteria

    In order to apply for the USAA Cash Rewards American Express Card, you must be a member of the military, a veteran who was honorably discharged or an eligible family member of military personnel. You also must be:

    • A US citizen or permanent resident
    • At least 18 years old

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

    Required documents & information

    • Full name and address
    • Marital status
    • Birthdate
    • Contact information
    • Proof of employment and income
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