USAA Rewards™ American Express® Card

USAA Rewards™ American Express® Card Review

This is a rewards credit card issued by USAA. If you're wondering whether USAA Rewards™ American Express® Card is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 3 reward points per dollar spent.
• 2,500 bonus points after your first qualifying purchase.
• Competitive APRs. USAA Rewards™ American Express® Card has a variable purchase APR that ranges from 11.40% up to 27.40%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. USAA Rewards™ American Express® 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, access to a concierge, emergency support, extended warranty protection on purchases, identity theft protection, price protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of USAA Rewards™ American Express® Card

The Good

The Bad

Potentially lower than average purchase APRs. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty and price protection on purchases. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on their purchases. USAA Rewards™ American Express® Card reports to multiple credit bureaus.

You need good credit to qualify. Charges a 3% balance transfer fee.

USAA Rewards™ American Express® Card FAQ

Does USAA Rewards™ American Express® Card have a cash back or rewards program?

USAA Rewards™ American Express® Card is a rewards card.

USAA Rewards™ American Express® Card Rewards

Minimum rewards rate	1x
Max rewards rate	3x
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	2500

What are the USAA Rewards™ American Express® Card benefits?

It provides the following benefits:

• 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 Rewards™ American Express® 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 Rewards™ American Express® Card has a variable purchase APR that ranges from 11.40% up to 27.40%. The card has a variable balance transfer APR that ranges from 11.40% up to 27.40%. It also has a variable cash advance APR that ranges from 11.40% up to 27.40%.

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for USAA Rewards™ American Express® Card?

The following fees apply:

• There is no overlimit fee

USAA Rewards™ American Express® 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 rewards card.

Does USAA Rewards™ American Express® Card report your account activity to credit bureaus?

Yes, USAA Rewards™ American Express® 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 Rewards™ American Express® Card

• Visit the USAA Rewards™ American Express® 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.