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USAA® Preferred Cash Rewards Visa Signature® Card review

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

finder.com’s rating: 4.4 / 5.0

★★★★★

  • 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.

Up to 1.5%

Cash back

$0

Annual fee

13.65% to 27.65%

Purchase APR (variable)

670

Recommended credit score

Details

Product NameUSAA® Preferred Cash Rewards Visa Signature® Card
Card typeVisa
Annual fee$0
Purchase APR13.65% to 27.65% variable
Balance transfer APR13.65% 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
Late payment feeUp to $35
Returned payment feeUp to $35
Additional cardholder fee$0

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

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.

Another cashback card

Citi® Double Cash Card

  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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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 13.65% to 27.65% 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 Filter values
Capital One® QuicksilverOne® Cash Rewards Credit Card
N/A
1.5% cash back on all purchases
$39
Get unlimited 1.5% cash back on every purchase with no limit on how much you can earn, and no changing categories.
The Platinum Card® from American Express
60,000 points after spending $5,000 in your first 3 months
5x points on directly-booked flights or on flights and hotels on Amex 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
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
CardMatch™ from creditcards.com
See terms
See terms
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
USAA® Preferred Cash Rewards Visa Signature® Card
N/A
1.5% cash back on all purchases
$0
Earn 1.5% cash back on every purchase with no limits or category restrictions. Pay no annual fee, no penalty APR and no foreign transaction fees.

Compare up to 4 providers

Name Product Welcome offer Rewards Annual fee Filter values
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months months to pay off transfers.
Blue Cash Everyday® Card from American Express
$150 after spending $1,000 in the first 3 months
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
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
Capital One® Quicksilver® Cash Rewards Credit Card
$150 cash back after spending $500 in the first 3 months
1.5% cash back on all purchases
$0
Earn unlimited 1.5% cash back on every purchase, every day.
CardMatch™ from creditcards.com
See terms
See terms
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Blue Cash Preferred® Card from American Express
$250 after spending $1,000 in the first 3 months
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
$95
6% cash back at US supermarkets. Rates & fees

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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