USAA Preferred Cash Rewards Visa Signature® Card Review | finder.com

USAA® Preferred Cash Rewards Visa Signature® Card – September 2018

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

The card that gives you easy, unlimited 1.5% cash back.

The USAA® Preferred Cash Rewards Visa Signature® Card allows you to earn 1.5% cash back on every purchase, and there’s no limit on the number of points you can earn. You can redeem your cash rewards anytime, using your mobile device or a computer. If you’re in the military and want a card with rewards, this card is worth looking into.

Product NameUSAA® Preferred Cash Rewards Visa Signature® Card
Card TypeVisa
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 FeeUp to $35
Returned Payment FeeUp to $35
Additional Cardholder Fee$0
Minimum Age18 years of age

The perks

  • Cash back rewards. Earn 1.5% cash back on every purchase with no limits or category restrictions.
  • No annual fee. As a cardholder, you don’t have to worry about paying an annual fee.
  • No foreign transaction fees. You won’t pay extra when you travel outside of the US.
  • No penalty APR. Avoid worrying over a hike in your APR if you miss or have a payment rejected.
  • Collision damage waiver coverage. Pays for physical damage to and theft of most rental vehicles.
  • Identity theft resolution services. Provides assistance, should you become the victim of identity theft.
  • Extended warranty. Extends your manufacturer’s or US store-brand warranties for up to one year.

You’ll also like…

  • Special 4% SCRA rate. 4% APR on your existing balance when you enter active duty.
  • Deployment/PCS Rate. 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months the regular APR, currently ranging from 13.65% to 27.65% variable , will apply. This rate will vary with the market, based on the prime rate.
  • Military Campaign Benefit. A rebate on all finance charges accrued while you served in a qualified military campaign.

Compare other USAA credit cards

USAA® Preferred Cash Rewards Visa Signature® Card Features

  • APR. The APR ranges from 13.65% to 27.65% variable , and is based on your creditworthiness. This rate is based on the prime rate.
  • Balance transfer and cash advance fees. There’s a fee of 3% when initiating balance transfers and cash advances, with a $200 maximum.
  • Secure. Every card includes chip technology for added security.

What do I need to know to apply?

Eligibility criteria

In order to apply for the USAA® Preferred Cash Rewards Visa Signature® 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
  • Residential address
  • Marital status
  • Birthdate
  • Contact information
  • Proof of employment and income

Bottom line

If you’re affiliated with the military and looking for a card that gives you unlimited 1.5% cash back, the USAA® Preferred Cash Rewards Visa Signature® Card could be for you. Before choosing to go with this card, make sure to check out similar 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.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy and Cookies Policy and Terms of Use.
Go to site