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 will get a cashback rewards rate of up to 5%.
• Competitive APRs. USAA Cashback Rewards Plus American Express® 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 card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. USAA Cashback Rewards Plus American Express® charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• 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.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

USAA Cashback Rewards Plus American Express® Pros and Cons:

The Good

The Bad

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. Travel accident and travel assistance insurance. Trip cancellation insurance. No foreign transaction fee. Earn rewards on every purchase. USAA Cashback Rewards Plus American Express® reports to multiple credit bureaus.

Requires good to excellent credit. Does not offer a signup bonus. Does not offer rewards or cash back. Charges a 3% balance transfer fee.

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 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 Cashback Rewards Plus American Express®?

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%
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.