USAA Preferred Cash Rewards Visa Signature Reviews

Features

Who is Preferred Cash Rewards Visa Signature Designed For?

The Preferred Cash Rewards Visa Signature credit card from USAA is designed for people affiliated with the military with fair to excellent credit who want a credit card with no annual fee and a cash back rewards program. The Preferred Cash Rewards Visa Signature has a higher rate than the Cash Rewards Visa Signature card, but it also provides a higher cash back rate: 1.5% and additional travel perks.

Only active, retired military personnel, and their family can join USAA.

What are the Rates for Preferred Cash Rewards Visa Signature?

The APRs for the Preferred Cash Rewards Visa Signature card vary based on creditworthiness and the market's prime rate. There is no intro rate on purchases or balance transfers. On the other hand, there is no penalty rate for cardholders who are late on payments either.

What Are the Fees for Preferred Cash Rewards Visa Signature?

- Preferred Cash Rewards Visa Signature has no annual fee and no over-the-limit fee. On the other hand, it does have a 3% fee on balance transfers and cash advances, which is capped at $200 per transaction. The cash advance fee is waived when the funds are transferred electronically to a USAA deposit account. There is no fee on foreign transactions.

What Is Preferred Cash Rewards Visa Signature's Rewards Program Like?

Preferred Cash Rewards Visa Signature gives cardholders up to 1.5% in cash rewards on purchases. There is no cap or expiration date on cash back points, which can be redeemed automatically to cardholders' account.

What about Preferred Cash Rewards Visa Signature's Signup Bonus?

Preferred Cash Rewards Visa Signature does not have a signup bonus.

Does Preferred Cash Rewards Visa Signature Have Any Other Benefits?

The Preferred Cash Rewards Visa Signature from USAA provides cardholders with the following travel, security, and retail benefits:

- Collision damage waiver coverage

- Concierge Services

- Identity theft protection

- Extended Warranty (up to one year)

Service members receive the following special rates during deployments:

A reduced rate of 4% APR for up to a year during deployments on all balances. After 12 months the rate will return to the regular 12.40% APR to 26.40% APR.

100% rebate of finance charges accrued during a qualified military campaign.

How Is Preferred Cash Rewards Visa Signature Better Than Other Credit Cards?

The Rewards Visa has relatively low rates, a straightforward cash back of 1.5%, and no annual fee. The card also provides valuable benefits, such as travel, security, extended warranty, concierge service, and special benefits given to military members.

Card Type
- Cash Back
- Rewards
Customer Type

Personal
Card Network

Visa

Credit Score Range

640 - 850
Minimum Age

18

Grace Period / Deferred Interest

25
Late Payment Penalty

$35
Returned Payment Fee

$35
No Annual Fee
No Foreign Transaction Fee

Car Rental Insurance
Extended Warranty
Flight Insurance
Fraud Liability
Travel Insurance

Cashback

Transfer Fee

3%
Introductory Rate

4%
Intro APR period (months)

12

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