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 Name | USAA® Cashback Rewards Plus American Express® Card |
|---|---|
| Card Type | American Express |
| Annual Fee | $0 |
| APR (Annual Percentage Rate) for Purchases | 13.65% to 27.65% variable |
| Balance Transfer Fee | 3% |
| Cash Advance Rate | 13.65% to 27.65% variable |
| Cash Advance Fee | 3% of the cash advance amount |
| Foreign Transaction Fee | None |
| Interest Free Period | Up to 25 days |
| Minimum Interest | $0 |
| Late Payment Fee | $35 |
| Returned Payment Fee | $35 |
| Additional Cardholder Fee | $0 |
| Minimum Age | 18 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.
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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
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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.
