USAA Preferred Cash Rewards Visa Signature® Credit Card

USAA Preferred Cash Rewards Visa Signature® Credit Card Review

This is a cashback credit card issued by USAA. If you're wondering whether USAA Preferred Cash Rewards Visa Signature® Credit Card is the right card for you, read on.

Key Takeaways

• Competitive APRs. USAA Preferred Cash Rewards Visa Signature® Credit Card has a variable purchase APR that ranges from 11.9% up to 25.9%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. USAA Preferred Cash Rewards Visa Signature® Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, price protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of USAA Preferred Cash Rewards Visa Signature® Credit Card

The Good

The Bad

Potentially lower than average purchase APRs. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty and price protection on purchases. Free access to your credit score. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. No foreign transaction fee. USAA Preferred Cash Rewards Visa Signature® Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Charges a 3% balance transfer fee.

USAA Preferred Cash Rewards Visa Signature® Credit Card FAQ

Does USAA Preferred Cash Rewards Visa Signature® Credit Card have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

What are the USAA Preferred Cash Rewards Visa Signature® Credit Card benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Price Protection
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for USAA Preferred Cash Rewards Visa Signature® Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

USAA Preferred Cash Rewards Visa Signature® Credit Card has a variable purchase APR that ranges from 11.9% up to 25.9%. The card has a variable balance transfer APR that ranges from 11.9% up to 25.9%. It also has a variable cash advance APR that ranges from 11.9% up to 25.9%.

What are the fees for USAA Preferred Cash Rewards Visa Signature® Credit Card?

The following fees apply:

• There is no overlimit fee

USAA Preferred Cash Rewards Visa Signature® Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $35
Late Payment Fee	up to $35

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does USAA Preferred Cash Rewards Visa Signature® Credit Card report your account activity to credit bureaus?

Yes, USAA Preferred Cash Rewards Visa Signature® Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for USAA Preferred Cash Rewards Visa Signature® Credit Card

• Visit the USAA Preferred Cash Rewards Visa Signature® Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.