USAA Rewards American Express Card review | finder.com

USAA® Rewards™ American Express® Card review – November 2018

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If you’re in the military and looking for a card with benefits, this may be the card for you.

USAA Bank has been helping military members and their families since 1922. The USAA® Rewards™ American Express® Card lets you earn rewards points to use spend on merchandise, travel, gift cards, cash or military affiliate group donations. You get 1x points for every dollar you spend, 3x points on dining, and gas and grocery purchases earn you 2x points.

Product NameUSAA® Rewards™ American Express® Card
Card TypeAmerican Express
APR (Annual Percentage Rate) for Purchases11.9% to 27.9% variable
Balance Transfer APR11.9% to 27.9% variable
Balance Transfer Fee3%
Cash Advance Rate11.9% to 27.9% 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
Welcome OfferGet 2,500 bonus points with your first purchase.
Reward Value per Dollar1 points
Rewards Points ExpiryNever

The basics

With the USAA® Rewards™ American Express® Card, pay back balances over time and earn rewards points as you spend. The online application makes approval quick and easy for USAA members with good to excellent credit and military affiliation.

The variable APR ranges from 11.9% to 27.9%, based on the prime rate. The card includes a variety of security, travel and retail benefits. With no annual fees and online access to your account, this card is a solid choice if you want rewards.

The perks

  • No annual fee.
    You won’t pay any annual fees for the life of the card.
  • No penalty APR.
    Your APR won’t get raised because of a late or failed payment.
  • Benefits.
    Security, travel and retail benefits are included with the card, with access to concierge services for traveling.
  • Collision damage waiver coverage.
    Pays for physical damage and theft when you rent a car.
  • Rewards.
    Earn points on everyday purchases with the card with 3x points per dollar on dining, 2x points per dollar on gas and groceries and 1x point for every dollar spent on all other purchases. Your first purchase earns you 2,500 bonus points.
  • Identity theft resolution services.
    Provides assistance, should you become the victim of identity theft.

You’ll also like

  • Special 4% SCRA rate.
    You’ll get 4% APR on your existing balance when you enter active duty.
  • Deployment/PCS Rate.
    Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months the regular variable APR, currently ranging from 11.9% to 27.9%, will apply. This rate will vary with the market, based on the prime rate.
  • Military Campaign Benefit.
    You’ll get a rebate on all finance charges accrued while you served in a qualified military campaign.

What should I know before I apply?

Eligibility criteria

In order to apply for the USAA® Rewards™ American Express® 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
  • Physical address
  • Marital status
  • Birthdate
  • Contact information
  • Proof of employment and income

Bottom line

If you’re affiliated with the military and looking for a credit card that earns rewards points, the USAA® Rewards™ American Express® Card could be a helpful solution. Before choosing this card, be sure to compare it with other credit card options.

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Megan Horner

As the assistant publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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