Features

Who is USAA Rewards American Express® Designed For?

The USAA Rewards American Express® is designed for people who are affiliated with the military and are looking for a rewards card with a high rate on everyday purchases and no annual fee. Points can be redeemed for cash, merchandise, travel, gift cards, and donations to military affiliate groups. Members must either be an active (or retired) member of the U.S. military or be related to military members to become a USAA member.

What are the Rates for USAA Rewards American Express®?

There is no introductory rate so, from the beginning, the rate for purchases, balance transfers, and cash advances can be 10.90% APR to 20.90% APR, depending on creditworthiness, and this rate will vary with the market based on the prime rate. There is no penalty APR.

What Are the Fees for USAA Rewards American Express®?

The American Express® USAA Rewards does not have an annual fee. There is a balance transfer and cash advance fee of 3%, but the maximum fee is $200 per transaction. There is no foreign transaction fee. Late payments and returned payments have a $35 fee.

What Is USAA Rewards American Express®' Rewards Program Like?

The USAA Rewards American Express® has two rewards rates. First, cardholders earn 2 points for every dollar spent on gas and groceries, with no maximum amounts. Second, cardholders can earn one point for every dollar spent on all other purchases. There are no caps on points earned.

What about the USAA Rewards American Express® Signup Bonus?

USAA Rewards American Express® gives new cardholders a 2,500 point signup bonus. 

Does the USAA Rewards American Express® Have Any Other Benefits?

The USAA Cash Rewards American Express® comes with the standard American Express® travel, security, and retail benefits, such as concierge services, identity theft services, travel accident insurance, extended warranty on purchases and rental car insurance.

The card also comes with special benefits for the military, such as a rebate of all finance charges while a member is serving in a qualified military campaign and the provision of practical assistance during and after deployment.

How Is USAA Rewards American Express® Better Than Other Credit Cards?

The USAA Rewards American Express® offers both a $0 annual fee card and a high rate of rewards, not a common combination. The card is restricted to people related to the military, but the requirements are open enough to allow many people to qualify through relatives. The rates are relatively low, but there are significant perks provided and a generous rewards program.

  • Card Type
    Rewards
  • Customer Type
    Personal
  • Card Network
    American Express
  • Credit Score Range
    700 - 850
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • 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
  • Points
  • Signup Bonus (points)
    2,500
  • Balance Computation
    Average daily balance (including new purchases)
  • Purchases APR
    10.9% - 26.9%
  • Transfer Fee
    3%
  • Balance Transfer APR
    10.9% - 26.9%

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