The Best USAA Cashback Credit Cards of 2018

USAA‘s financial products are available to current and former members of the military as well as their spouses. The company also offers its services to cadet and midshipmen and members in advanced ROTC (Reserve Officers’ Training Corps) or on ROTC scholarship.

USAA’s financial offerings include:

Here, we will review USAA’s best cash-back credit cards to help you find the best one. The company has two cards with cash-back rewards. Let’s take a look at what they offer, along with the terms and benefits of each card.

1. USAA Preferred Cash Rewards Visa Signature

This card offers unlimited 1.5% cash-back on purchases. Below are the details.

Terms

  • No annual fee
  • No penalty APR
  • Variable APR of 13.15% to 27.15% for purchases, balance transfers, and cash advances
  • No foreign transaction fees
  • Balance transfer and cash advance fee: 3% of the amount of each transfer or advance but no more than $200
  • The 25-day grace period for purchases. This means USAA will not charge you interest on purchases if you pay your entire balance by the due date each month. (No grace period for cash advances or balance transfers)
  • First, late payment fee is $25 (after that late payment fees are $35)
  • First return payment fee is $25 (after that it increases to $35)
  • No charge for going over the credit limit

Benefits

Special features for members of the military

  • 4% APR on all balances for up to 12 months during deployments or Permanent Change of Station (PCS)– after one year, the regular variable APR will go back into effect
  • 4% APR on your existing balance when you enter active military duty for one year
  • USAA has a knowledgeable deployment team that can assist military members before, during and after deployment

1.5% cash back on all qualifying purchases

  • These include all purchases but not balance transfers or cash advances
  • You can redeem this cash and either apply it as a credit to your credit card account or deposit it into your USAA checking or savings account
  • This cash back perk is unlimited for the life of the card

Added security measures + zero liability for theft

  • Chip card technology has greater security features
  • You will not be held liable for any unauthorized purchases
  • Receive account balance and transaction history instantly by sending a text
  • Secure and fast logon options are available including biometrics, Quick Logon, CyberCode text and computer recognition

Good card for travel

  • No foreign transaction fees
  • Easy to access your account on a mobile device

2. USAA Cashback Rewards Plus American Express 

This card offers three avenues for earning cash back:

  1. Earn 1% Cash Back on all qualifying purchases. Not included as qualifying purchases: balance transfers, cash advances, ATM withdrawals, money transfers, truck stop or gaming transactions, tax or finance payments, finance charges or fees.
  2. Earn 2% cash back on the first $3,000 of qualifying purchases of groceries made each year. Groceries must be purchased from businesses that primarily sell non-wholesale groceries to consumers (such as neighborhood grocery stores and supermarkets). Discount stores such as Walmart, wholesale stores such as Costco, and warehouse clubs such as Sam’s Club do not qualify for the cashback program.
  3. Earn 5% cash back on the combined first $3,000 of purchases made on military bases and gas purchases each calendar year.

Terms

Same as the terms offered by card #1

Benefits

Many cash back avenues (more ways to earn cash back than card #1)

  • Earn cash back with purchases when you buy groceries or gas, and when you make purchases on military bases

Great card for travel (better for travel than card #1)

  • Pay no foreign transaction fee when you travel outside the United States
  • Redeem your cash rewards on the go using your mobile device
  • Concierge services on offer to assist with whatever you need
  • Rental vehicle coverage includes collision damage waiver coverage for physical damage and theft
  • Help with identity theft should you become a victim
  • Travel assistance services are offered to help with pre-trip information
  • Automatic travel accident, baggage delay, and trip cancellation or interruption insurance is offered worldwide

Special Military Benefits (same as card #1)

  • 4% APR on all balances for up to 12 months during deployments or Permanent Change of Station (PCS)– after one year, the regular variable APR will go back into effect
  • 4% APR on your existing balance when you enter active military duty for one year
  • USAA has a knowledgeable deployment team that can assist military members before, during and after deployment.

Added security features (same as card #1)

  • Chip card technology has greater security features
  • You will not be held liable for any unauthorized purchases
  • Receive account balance and transaction history instantly by sending a text
  • Secure and fast login options are available including biometrics, Quick Login, CyberCode text and computer recognition

Compare other cards besides USAA Cashback Credit Cards

Before applying for one of these cards, make sure you do your research.

Review and compare a variety of credit cards so that you can be sure you’re making the right decision before you make it.

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