USAA members have access to an attractive credit card with no categories to manage and a flat cashback rate on most purchases.

It offers many benefits, including a long intro Annual Percentage Rate (APR) on purchases.

Here’s a USAA Preferred Cash Rewards Visa Signature® Credit Card review to see how it compares to others.

USAA Preferred Cash Rewards Visa Signature® Credit Card: Overview

Usaa Preferred Cash Rewards Vis Signature Card Art

USAA Preferred Cash Rewards Visa Signature® Credit Card: Features

If you’re looking for a no-fuss rewards credit card with easy-to-manage rewards, the USAA Preferred Cash Rewards Visa Signature® Credit Card is a solid choice.

Without categories to manage and an attractive introductory APR, there’s a lot to admire about this card.

Flat Rate Cashback

The USAA Preferred Cash Rewards Visa Signature® Credit Card pays a flat rate of 1.5% cashback on most purchases. You don’t have to worry about managing categories or activating offers, and there aren’t any category restrictions.

Introductory APR on Purchases

Many rewards credit cards have intro APRs on balance transfers, not purchases. But the USAA Preferred Cash Rewards Visa Signature® Credit Card offers a promotional 0% APR for 15 months on purchases, helping you pay off purchases over time without paying interest.

No Annual Fee

Many rewards credit cards charge annual fees, but the USAA Preferred Cash Rewards card doesn’t charge an annual fee.

Zero Liability

Relying on US coverage from USAA means zero liability for unauthorized transactions. This includes transactions reported to USAA as unauthorized by someone other than yourself or anyone you provided implied permission to use your card.

Personalized Alerts

You can set up customized alerts to learn about card usage, balance changes, or upcoming due dates.

Pros and Cons

The USAA Preferred Cash Rewards Visa Signature® Credit Card has pros and cons to consider when deciding if it’s the right card for you.

Pros

Cons

Rates and Fees

Understanding credit card rates and fees can help you set up if it’s the right choice. Comparing the fees to the rewards earned can help you see the big picture.

Eligibility and How To Apply

To apply for the USAA Preferred Cash Rewards Visa Signature® Credit Card, you must first be a USAA member and confront certain requirements.

Membership Requirements for USAA

USAA proudly offers membership to current and former military, as well as their spouses and dependents. There aren’t any other requirements to become a member, and becoming a member allows you to apply for USAA credit cards, among other benefits.

Application Process

You can apply for the USAA Preferred Cash Rewards Visa Signature® Credit Card online. You must furnish your personal information, including your name, address, Social Security number, and birthdate. You must also furnish employment and income information.

USAA will pull your credit and evaluate your income to ensure you qualify for the e-card. Some applicants acquire answers immediately, and others must expect for an answer in the mail. You’ll acquire your card within 7 to 10 business days if approved.

Rewards Value

You earn 1.5% cash back for every $1 spent on your USAA Preferred Cash Rewards Visa Signature® Credit Card.

You can redeem your points for any of the following, but the value changes frequently, so check the current rates before redeeming:

How The USAA Preferred Cash Rewards Visa Signature® Credit Card Compares To Other Cards

Comparing the USAA Preferred Cash Rewards Visa Signature® Credit Card with other rewards credit cards can help set up if it’s right for you.

1. Capital One Quicksilver Cash Rewards Credit Card

admire the USAA Preferred Cash Rewards Visa Signature ® Credit Card, the Capital One Quicksilver credit card pays a flat 1.5% cashback on most purchases with no limits.

Unlike the USAA card, though, you can earn a $200 bonus after spending $1,000 on qualifying purchases in the first three months.

The introductory APR on the Capital One card is also for 15 months on purchases, but it includes balance transfers with a 3% balance transfer fee. The regular APR after the introductory period is 19.99% – 29.99%.

2. Bank of America Customized Rewards

The Bank of America Customized Rewards credit card allows cardholders to customize their highest-tier category. You can pick from dining, gas, online shopping, drug stores, home improvement, or travel, earning 3% cashback in your chosen category.

You can also earn 2% cashback on grocery and wholesale club purchases and 1% on everything else. However, there is a $2,500 spending limit on the 3%/2% categories combined quarterly. You can also change your customized category monthly.

The Bank of America Customized Rewards card offers a 0% APR on purchases within the first 15 months and balance transfers within the first 60 days. The regular APR resumes after the introductory period and is 18.24% to 28.24%.

The Bank of America card has a $200 bonus if you confront certain requirements, including spending $1,000 in the first 90 days. The card also has no annual fee.

Who Is The USAA Preferred Cash Rewards Visa Signature® Credit Card Best For?

If you want a no-hassle credit card that you know pays cashback no matter what you purchase, the USAA Preferred Cash Rewards Visa Signature® Credit Card is a good option.

It’s also a good choice if you have a large purchase coming up and need extra time to pay the full balance, as you’ll get 0% APR for 15 months, giving you more time to pay it in full.

Source link