USAA Cashback Rewards Plus American Express® Review | finder.com

USAA® Cashback Rewards Plus American Express® Card

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Issued by USAA Bank, the USAA® Cashback Rewards Plus American Express® Card lets you earn cashback rewards. The card is tailored to those affiliated with the military, and it offers special interest rates for members in active military duty and deployment.

Product NameUSAA® Cashback Rewards Plus American Express® Card
Card TypeAmerican Express
Annual Fee$0
APR (Annual Percentage Rate) for Purchases13.65% to 27.65% variable
Balance Transfer Fee3%
Cash Advance Rate13.65% to 27.65% variable
Cash Advance Fee3% of the cash advance amount
Foreign Transaction FeeNone
Interest Free PeriodUp to 25 days
Minimum Interest$0
Late Payment Fee$35
Returned Payment Fee$35
Additional Cardholder Fee$0
Minimum Age18 years of age

USAA® Cashback Rewards Plus American Express® Card Review

The main draw of the USAA® Cashback Rewards Plus American Express® Card is its rewards — at least 1% cash back on everything you buy and up to 5% cash back (on your first $3,000 in combined purchases annually, then 1%). You’ll also like its welcome offer — $150 after you spend $500 in purchases within the first 90 days of account opening — which is relatively easy to obtain. You’ll likely need good to excellent credit to qualify for the card, and you must be eligible for USAA membership.

The USAA® Cashback Rewards Plus American Express® Card is a great companion while traveling, as it has no foreign transaction fees.

Benefits of the USAA® Cashback Rewards Plus American Express® Card

  • No annual fee. You don’t have to pay an annual fee to maintain services.
  • $150 welcome offer. When you make $500 in purchases within the first 90 days of opening your account, you’ll earn a $150 bonus.
  • Cashback rewards. Earn 5% cash back on your first $3,000 in combined gas and military base purchases each year (1% thereafter). Earn 2% cash back on your first $3,000 in supermarket purchases each year (1% thereafter). On everything else, you’ll earn an unlimited 1% cash back. Redeem your cash rewards anytime using your mobile device or computer.
  • No foreign transaction fees. You won’t incur a fee when you use your card abroad or on foreign websites.
  • No penalty APR. You won’t be charged a higher APR if you go over the credit limit or make a late payment.
  • Military bonuses. If you’re deployed or in a permanent change of station, you’ll enjoy a low 4% fixed APR on all balances for 12 months. And if you enter active military duty, you’ll receive 4% fixed APR on all current balances until one year after you complete active duty.

USAA® Cashback Rewards Plus American Express® Card features

  • APR. You’ll receive a 13.65% to 27.65% variable APR on purchases, cash advances and transfers.
  • Transaction fees. When you make a balance transfer or cash advance, you’ll pay a fee of 3% of each transaction (up to $200 maximum).
  • Penalty fees. Late and returned payments can cost up to $35 each.
  • Security. The card includes chip technology for added security. It’s also covered by USAA’s Zero Liability Policy, which means you’re not responsible for any unauthorized purchases.
  • Easy access to your account. You can manage your account online through the USAA mobile app or website. Additionally, you can view your balance and transaction history by sending a text to USAA.

Compare other American Express credit cards

Name Product Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Earn 15,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Snag a $150 bonus statement credit after you spend $1,000 in the first 3 months
$95
14.74% to 24.74% variable
0% for the first 12 months (then 14.74% to 24.74% variable)
15,000 Membership Rewards points after you spend $1,000 in the first 3 months of opening your account
$95
14.74% to 25.74% variable
0% for the first 12 months (then 14.74% to 25.74% variable)
Earn $200 bonus cash back after you spend $1,000 in the first 3 months
$550
None (Charge Card)
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.
$0
25.74% variable
Earn rewards with no annual fee.
$0 annual fee for the first year ($195 thereafter)
None (Charge Card)
25,000 bonus Membership Rewards® Points (up to $250 value) when you spend $2,000 in the first 3 months
$0
17.49% to 26.49% variable
Earn 100,000 Hilton Honors Bonus Points after spending $1,000 or more in purchases on the Card within your first 3 months of Card Membership.
$0 annual fee for the first year ($95 thereafter)
17.49% to 26.49% variable
35,000 bonus miles after you use your new Card to make $1,000 in purchases within the first 3 months
$450
17.49%, 21.49% or 26.49% variable
Earn 10,000 Medallion® Qualification Miles (MQMs) and 40,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months.
$195
17.49% to 26.49% variable
Earn 70,000 Bonus Miles and 10,000 Medallion® Qualification Miles(MQMs) after spending $3,000 in purchases on your new Card in your first 3 months.
$0 annual fee for the first year ($95 thereafter)
None (Charge Card)
Shop with more confidence
$0 annual fee for the first year ($95 thereafter)
17.49% to 26.49% variable
Enjoy a $0 annual fee on first year and earn up to 2 Starpoints® for every dollar of eligible purchases.

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How to apply for the USAA® Cashback Rewards Plus American Express® Card

Eligibility criteria

To apply for this card, you must be:

  • A US citizen or permanent resident.
  • At least 18 years old.
  • A member of the military, a veteran who was honorably discharged or an eligible family member of military personnel.

Required documents & information

  • Full name
  • Residential address
  • Marital status
  • Birthdate
  • Phone number
  • Email address
  • Proof of employment and income amount

Best cashback business credit cards

Bottom line

If you’re affiliated with the military and looking for a credit card that earns cashback rewards, the USAA® Cashback Rewards Plus American Express® Card could be helpful. Before choosing this card, compare it with other credit cards.

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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