USAA Cash Rewards Amex Card review 2021 | finder.com
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USAA Cash Rewards® American Express® review

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Please note: This card has been discontinued, and it is not available on our site.

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 13.65% to 27.65% 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%.

    What do I need to know before I apply?

    Eligibility criteria

    In order to apply for the USAA Cash Rewards® American Express®, 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

    Compare other cash back credit cards

    Name Product Filter values Rewards Purchase APR Annual fee
    Blue Cash Preferred® Card from American Express
    6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
    0% intro for the first 12 months (then 13.99% to 23.99% variable)
    $0 intro annual fee for the first year ($95 thereafter)
    Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Terms apply, see rates & fees
    Blue Cash Everyday® Card from American Express
    2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
    0% intro for the first 15 months (then 13.99% to 23.99% variable)
    $0
    This everyday cashback card offers a higher than average welcome offer for no annual fee, letting you earn $200 after you spend $1,000 in the first 3 months. Terms apply, see rates & fees
    Chase Freedom Unlimited®
    5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases
    0% intro for the first 15 months (then 14.99% to 23.74% variable)
    $0
    This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.
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