USAA Preferred Cash Rewards Visa Signature Card review | finder.com

USAA® Preferred Cash Rewards Visa Signature® Card review

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USAA® Preferred Cash Rewards Visa Signature® Card

A no-annual-fee card with unlimited 1.5% cash back.

30-seconds take

  • Get this card if you’re affiliated with the military and want to earn flat cash back on all purchases.
  • Pick something else if you want higher cash back on select categories or if you want an intro APR period.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameUSAA® Preferred Cash Rewards Visa Signature® Card
Card TypeVisa
Annual Fee$0
Purchase APR14.15% to 28.15% variable
Intro Purchase APR

N/A

Balance Transfer APR14.15% to 28.15% variable
Intro Balance Transfer APR

N/A

Balance Transfer Fee3%
Cash Advance Rate14.15% to 28.15% variable
Foreign Transaction FeeNone
Cash Advance Fee3% of the cash advance amount
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $35
Returned Payment FeeUp to $35
Additional Cardholder Fee$0
Minimum Age18 years of age
Rewards1.5% cash back on all purchases
Base Rewards1.5% cash back

The basics

With the USAA® Preferred Cash Rewards Visa Signature® Card you’ll get unlimited cash back on everything you buy. This can be a great choice if you don’t want to keep track of your spending categories.

Also, you’ll get a lower APR for up to 12 months if you’re deployed, in a permanent change of station or you enter active military duty. However, to get the card, you’ll need good to excellent credit and you must be eligible for USAA membership.

The perks

  • Cash back.
    Earn unlimited 1.5% back on everything you buy. Redeem your cash back at any time through the USAA Rewards Center.
  • No annual fee.
    You’ll earn cash back without paying an annual fee.

How much cash back rewards can I earn with the USAA® Preferred Cash Rewards Visa Signature® Card?

If you spend $15,000 on purchases annually with your card, you’ll earn $225 cash back.

You’ll also like …

  • No foreign transaction fees.
    You won’t pay extra when you travel outside of the US. Other cards charge up to 3% of the amount of each transaction you make abroad.
  • No penalty APR.
    Don’t worry about a APR spike for missing a payment. With other cards, the penalty APR can reach up to 31% and can last indefinitely.
  • Deployment, PCS and SCRA rates.
    Enjoy 4% fixed APR on your existing balance when you enter active duty. Also, get 4% fixed APR on all balances for up to 12 months during deployment or permanent change of station. After 12 months the regular APR, ranging from 14.15% to 28.15% variable, will apply.
  • Card protection features.
    Get support in case of identity theft, zero liability for unauthorized charges and secure logon options.

What to watch out for

  • No intro APR period.
    This card is not for you if you’re looking to transfer your balance from another account or to make a large purchase and carry the balance for months without paying an interest. Consider 0% intro APR cards for that.
  • No signup bonus.
    Similar cards offer bonuses up to $150 if you meet certain spending criteria during the first few months of card membership. Unfortunately, this card has no such offer.

Compare other USAA credit cards

Compare credit cards for military members

If you or a family member is in the military, you might benefit from a credit card with perks for service members. Or compare cashback cards with similar features to the USAA® Preferred Cash Rewards Visa Signature® Card.

Name Product Welcome Offer Rewards Annual Fee
60,000 points after spending $5,000 in your first 3 months
5x points on flights booked directly or flights and hotels booked through American Express Travel. 1x points on all other purchases
$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. Rates & fees
50,000 points after spending $4,000 in the first 3 months
3x points on dining and travel after earning your $300 travel credit. 1x points on all other purchases
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
N/A
5% cash back on up to $3,000 in combined annual gas and military base purchases, 2% on up to $3,000 in annual supermarket purchases and 1% on all other purchases
$0
Earn 5% cash back on the first $3,000 in gas and military base purchases annually on these categories combined. Earn 2% on the first $3,000 on supermarket purchases per year. Unlimited 1% cash back on all other purchases.
2,500 bonus points with your first purchase
3x points on dining, 2x points on gas and groceries and 1x points for all other purchases
$0
Earn 3x points on dining, 2x points on gas and groceries and 1x points for all other purchases.
2,500 bonus points with your first purchase
2x points on gas and dining and 1x points on all other purchases
$0
Get 2,500 bonus points with your first purchase. Pay no annual fee, no penalty APR and no foreign transaction fee.

Compare up to 4 providers

Name Product Welcome Offer Rewards Annual Fee
$150 statement credit after spending $1,000 in the first 3 months
3% at US supermarkets on up to $6,000 per year, then 1%. 2% at US gas stations and select US department stores and 1% on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases
3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases
$0
Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
3% cash back bonus on up to $10,000 in the first 12 months, then 1.5%
3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases
$0
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
$150 after spending $1,000 in the first 3 months
Earn unlimited 1.5% cash back on your purchases
$0
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & fees
$150 cash back after spending $500 in the first 3 months
5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.

Compare up to 4 providers

What should I know before I apply?

To apply for the 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.

Additionally, you’ll need to provide:

  • Your full name and residential address.
  • Marital status and birthdate.
  • Contact information.
  • Proof of employment and income.

If you’re approved for the card, you can select your card design to show your military affiliation.

What credit score do I need?

You can apply for the card with a good to excellent credit score of 670 or higher. For a lower APR and a higher credit line, make sure to apply with a higher credit score and the income to support any potential debt you take on.

What do customers say about the USAA® Preferred Cash Rewards Visa Signature® Card?

Customers who are happy with the card praise the USAA customer support. They also claim they received relatively high credit line compared to other cards they own.

USAA is rated A+ by the Better Business Bureau (BBB), but they aren’t accredited yet. As of this writing there are just over 1,500 complaints on the BBB website, but none are unanswered or unresolved. This indicates that even if you have an issue with USAA, you should be able to get in contact with the credit union.

How to apply for the USAA® Preferred Cash Rewards Visa Signature® Card

  1. Go to USAA website and find the USAA® Preferred Cash Rewards Visa Signature® Card from the list of credit cards. Click Get started or Log on.
  2. Fill out your application form.
  3. Review your application and submit it.

How do I redeem rewards from the USAA® Preferred Cash Rewards Visa Signature® Card?

Access the USAA Rewards Service Center at the USAA website or call 800-980-USAA (8722) to redeem your cash back.

    I got the card. Now what?

    • Download USAA Mobile app. With the app you can manage your account, redeem rewards, set up alerts, monitor your credit score for free and more.
    • Enroll in Apple Pay, Samsung Pay or Google Pay. Use your phone to make credit card payments.
    • Customer service. Call USAA customer service at 210-531-USAA or 800-531-USAA for questions. Get the fastest service by calling from Tuesday through Friday, as recommended by USAA. You can also chat online with a customer support representative.

    Bottom line

    If you’re affiliated with the military and you want a card with unlimited cash back on all purchases, the USAA® Preferred Cash Rewards Visa Signature® Card could be a decent choice. Also, if you’re deployed, in a permanent change of station or you enter active military duty — you’ll get to enjoy low APR for up to 12 months.

    However, if you’re not sure whether this is the right card for you, check out similar credit cards to compare your options and find the best card for your financial needs.

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