USAA Cashback Rewards Plus American Express® Review

USAA Cashback Rewards Plus American Express® is a cashback credit card issued by USAA.  If you're wondering whether USAA Cashback Rewards Plus American Express® is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 5%.
• Signup bonus. Offers a signup bonus of $150 if you spend $500.
• Competitive APRs. USAA Cashback Rewards Plus American Express® has a variable purchase APR of up to 27.4%.
• Great for travel. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Good or better credit required. You should probably try with another card if your credit score is below 700.
• Gas rewards. Earn up to 5% for every $1 you spend on gas.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, price protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.

The Good

The Bad

Lower than average purchase APRs. No annual fee. Multiple credit card perks. No foreign transaction fee. Earn rewards on every purchase. USAA Cashback Rewards Plus American Express® reports to multiple credit bureaus. Offers auto rental collision damage waiver. Includes emergency support. Extended warranty protection on purchases. Free access to your credit score. Price Protection. Travel Accident Insurance. Travel Assistance. Trip Cancellation Insurance.

Does not offer rewards or cash back.

Is there a USAA Cashback Rewards Plus American Express® cash back or rewards program?

No, USAA Cashback Rewards Plus American Express® does not offer a rewards program. USAA Cashback Rewards Plus American Express® is a cashback card. This means you earn a percentage of your purchase as a cash reward. With USAA Cashback Rewards Plus American Express® you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 5% for purchases in a bonus category.

What are the USAA Cashback Rewards Plus American Express® benefits?

USAA Cashback Rewards Plus American Express® 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
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for USAA Cashback Rewards Plus American Express®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. USAA Cashback Rewards Plus American Express® has lower than average purchase APRs.

USAA Cashback Rewards Plus American Express® has a variable purchase APR that ranges from 13.4% up to 27.4%. The card has a variable balance transfer APR that ranges from 13.9% up to 27.9%. It also has a variable cash advance APR that ranges from 13.4% up to 27.4%.

USAA Cashback Rewards Plus American Express® Balance Transfers

Description
Balance Transfer APR	13.9% - 27.9%
Introductory Rate	N/A
Intro APR period (months)	N/A

USAA Cashback Rewards Plus American Express® Rates & Terms

Description
Balance Computation	Average daily balance (including new purchases)
Purchase APR	13.4% - 27.4%
Credit Limit	N/A
Penalty APR	N/A
Cash Advance APR	13.4% - 27.4%
Security Deposit	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the USAA Cashback Rewards Plus American Express® fees?

The following fees apply to USAA Cashback Rewards Plus American Express®:

• There is no overlimit fee

USAA Cashback Rewards Plus American Express® Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Balance Transfer Fee	3%
Returned Payment Fee	$35
Late Payment Fee	$35

Does USAA Cashback Rewards Plus American Express® report your account activity to credit bureaus?

USAA Cashback Rewards Plus American Express® 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 can help improve your credit score.

How to apply for USAA Cashback Rewards Plus American Express®

• Visit the USAA Cashback Rewards Plus American Express® 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.