USAA Preferred Cash Rewards Visa Signature® Credit Card
The USAA Preferred Cash Rewards Visa Signature® Credit Card is a good cash back option for current and former military members, as well as their spouses and dependents. While there’s no welcome bonus or exclusive perks, this card offers a no-nonsense experience with unlimited 1.5% cash back on purchases and no annual fees (see rates and fees), making it a solid choice for military members looking to a simple and rewarding cashback card. Card rating*: ⭐⭐⭐½
*The card rating is based on the opinion of the TPG editorial staff and is not influenced by the card issuer.
No annual fees, a recommended credit score of 670 and a generous 15-month introductory period on purchases with a 0% annual percentage rate after which a variable APR of 17.15% to 31.15% applies (see rates and fees), is this card can provide significant value to military members and their families.
That’s even though the card has no current welcome offer and somewhat limited benefits.
Keep reading to learn more about the USAA Preferred Cash Rewards Visa.
USAA Preferred Cash Visa Welcome Offer
While it doesn’t offer a traditional sign-up bonus, the USAA Preferred Cash does come with a 0% introductory APR on purchases in the first 15 months of card ownership. After that, you have a variable interest rate of only 17.15% or even 31.15%, depending on your credit history.
USAA Preferred Cash Visa Benefits
The USAA Preferred Cash offers standard travel and shopping protection – such as travel accident insurance and extended warranty protection on US manufacturer warranties – plus no foreign transaction fees (see rates and fees).
However, you won’t get many generous benefits on this no-annual-fee card.
Related: Should You Get Travel Insurance If You Have Credit Card Protection?
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Earn cash back with the USAA Preferred Cash Visa
The USAA Preferred Cash offers unlimited 1.5% cash back on purchases, with no category restrictions or limits on cash back.
If you are a current or former military member or a family member of someone who is serving, this could be a nice starter into the world of cash back cards.
Cash refunds on the USAA Preferred Cash Visa
Cash back earned with USAA Preferred Cash never expires, meaning you can redeem cash back on your own schedule. You can redeem cash as a statement credit or deposit it directly into a USAA checking or savings account.
Which cards compete with the USAA Preferred Cash Visa?
There are a handful of other simplified cash back cards on the market that compete with USAA Preferred Cash:
For more options, check out our full list of the best cash back credit cards.
Related: Redeem Citi ThankYou Points for maximum value
Is the USAA Preferred Cash Visa Worth It?
For military members, including current and former personnel, as well as their spouses and dependents, the USAA Preferred Cash Rewards Visa Signature Credit Card is a suitable choice for cash back rewards. While this card doesn’t offer a welcome bonus or special perks, it offers a simple experience with unlimited 1.5% cash back on purchases and no annual fees.
In short
USAA Preferred Cash’s simple experience makes it an attractive option for military members and their families who want the opportunity to easily earn cash back on purchases. It’s a solid option for military members looking for a simple and rewarding card that won’t break the wallet. However, there are more lucrative cashback cards available.
Submit your application here: Preferred Cash Rewards Visa Signature Credit Card
For USAA Preferred Cash Visa rates and fees, click here.