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USAA stands for the United Services Automobile Association because it began as an auto insurance company for members of the military. Today, the Texas-based Fortune 500 company offers a wide range of diversified financial services for current and former members of the military and their families. If you’re looking to know which is the best USAA credit cards, read further.
Here, we will take a closer look at the credit cards offered by USAA. If you’re a member of the military, this company is worth looking into because USAA credit card offers several perks for those who serve.
Best USAA Cashback Credit Cards
Ryan Clark, USAA’s director of Card Product Management, lists the company’s two cashback credit cards as the best on offer right now. Here’s a look at their terms and benefits.
1. Cashback Rewards Plus American Express Card
This card has the most options for earning cashback. Also, it’s a great card for current members of the military because cardholders can earn cashback on purchases on military bases.
- Annual 5% cashback on the first $3,000 in gas and military base purchases combined
- Annual 2% back on grocery store purchases
- Unlimited 1% cashback on all other purchases
2. Preferred Cash Rewards Visa Signature Card
This card will give you 1.5% cashback on all qualified purchases, and there is no limit on the amount you can earn.
USAA Cashback Credit Card Terms
Here are the terms for both cards:
- No annual fee
- Variable APR
- No foreign transaction fees
- No penalty APR
- Late payment fee up to $35
- Return payment fee up to $35
- No over-limit fee
- Special features for active duty members of the military
Advantages of USAA’s Cashback Cards
Multiple Ways To Redeem Cashback
Clark highlights the flexible redemption options for both of these cards. He explains that you can have your cash deposited into a checking account or credited to your card. Also, you can redeem your cash in the form of gift cards, merchandise, travel, or donations to military charitable organizations.
Good Cards For Travel
Clark says both of these cards have great travel benefits. According to Clark, he says this card has, “with no annual fees, no foreign transaction fees, and features like rental car coverage, trip protection, travel insurance, and concierge service.”
Best USAA Secured Credit Cards
USAA offers two secured credit cards: USAA Secured Card Platinum Visa and USAA Secured Card American Express. This type of card is geared toward people in need of building credit or credit repair.
“Our secured card is designed to help our members build their financial security in a responsible manner,” says Clark. “With the integration of our advice tools to help with goal tracking and budgeting, our secured card provides members a solution that helps build their credit and support those cardholders living paycheck to paycheck.”
1.USAA Secured Card Platinum Visa
With a $35 annual fee, this card comes with retail and travel benefits. Also, this card comes with special benefits for members on active duty. In addition, you can also earn variable interest on your balance.
To determine your credit limit, open a certificate of deposit at USAA between $250 and $5,000.
This card is very similar to the Visa secured credit card, including the same rates and fees. The main difference is that this card offers extra perks, including:
- Rental car insurance is guaranteed for 30 days, rather than 15 days
- Price protection is offered for up to 120 days after purchase, rather than the 60 days offered by Card #1
- Concierge and travel assistance service, including emergency travel assistance
- Emergency travel assistance: get information on travel requirements, including documentations (visas, passports), immunizations or currency exchange rates
- Travel services medical assistance: provides access to a referral network of doctors, dentists, hospitals, and pharmacies in the area
- Legal referral services: gives you access to English-speaking legal referrals or consultations with the correct embassies and consulates regarding your situation. Also, you can also get help receiving transfers of up to $5,000 in cash from a family member, friend, or business to cover legal fees or to post bail.
- If you break down while traveling in the U.S., road assist service is available with this card
This card has more to offer in terms of benefits. So, if you can qualify for this card, it is recommended. However, both of these cards provide the benefit of helping you to build or repair your credit, which is the primary reason for obtaining a secured credit card.
Best USAA low-rate card
This card offers a great low interest rate and has some other perks as well.
- Variable APR based on your creditworthiness (if you can get approved for the lowest available rate, this is a great card to have)
- No annual fee
- It has no penalty APR
- No over-the-credit-limit fee
- It doesn’t charge foreign transaction fees
- Late fees up to $35
- Returned payment fees up to $35
- Special features for members on active duty
This card is all about the low-interest rate. Due to this fact, there aren’t many special benefits. However, if you can qualify for a good interest rate, this is a great card to have.
USAA Credit Card Credit Score Requirements
Aside from the secured cards, Clark says most of USAA’s cards require a “prime” credit score. The Consumer Financial Protection Bureau considers a FICO score of 660 and up “Prime.”
Clark says that your credit score isn’t necessarily the final word. “While credit score is a primary tool for evaluation, we consider other options to evaluate the quality of the relationship and the individual’s risk profile.”
Research Before You Apply
Before you select a credit card, it’s always a good idea to research what’s available to you. Get started with SuperMoney’s credit card page to review credit card terms, compare rates, and read user reviews before deciding which card is best for you.