USAA® Preferred Cash Rewards Visa Signature® Card review

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Claire Dickey @ClaireDickey  in  Cash Back How we rate our cards  |  Advertiser Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Annual Fee:
$0
Purchase Intro APR:
N/A
Regular APR:
13.65% - 27.65% Variable
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: Auto Rental Insurance, Cash Back, Concierge Service, EMV, Excellent Credit, Extended Warranty Program, Low Interest, Mobile Pay Ready, No Annual Fee, No Foreign Transaction Fees, Purchase Protection, Rewards, Travel Accident Insurance, Travel Assistance, Unsecured credit card, Visa Signature®, Zero Fraud Liability.

The USAA Preferred Cash Rewards Visa Signature review was last updated on November 13, 2019.

USAA® Preferred Cash Rewards Visa Signature® Card: Details and benefits

The USAA Preferred Cash Rewards Visa Signature offers a handful of attractive benefits for its cardholders, most notably its unlimited 1.5 percent cash back on all purchases. Most non-rotating cash-back cards offer 1 percent, so the extra half percentage point definitely is a score in its favor.

Cardholders also will save on some common fees. With this card, there’s no annual fee or penalty APR. You also won’t be charged a foreign transaction fee, which is especially attractive if you’re in the military and stationed overseas.

Not to be outdone by some of the higher-end travel cards, USAA Cash Rewards Visa Card cardholders get 24/7 concierge service access. This handy perk could be a lifesaver for people with busy schedules as the concierge will handle everything from on-site assistance with everyday household needs (this includes accepting home deliveries when you can’t be there) to pre-trip planning services.

Active duty military service members receive a special 4 percent APR on an existing balance until one after completing active duty.

Advantages
  • There's no limit on the amount you can earn.
  • This card has minimal fees; there’s no annual fee; no penalty APR; and no foreign transaction fee.
  • USAA and Active duty service members get extra benefits.
Disadvantages
  • There’s a cash advance fee and a balance transfer fee of 3 percent.
  • There is no sign-up bonus.
  • You could get more competitive cash back rewards if you choose a card with rotating categories.

Is the USAA Preferred Cash Rewards Visa Signature worth it for you?

With such a wide variety of perks, this card could be a good fit for many types of consumers. Along with service members who are about to be deployed, this could also be a worthwhile choice for other USAA members. They can optimize their cash-back rewards by shopping at the USAA MemberShop which gives members more cash back rewards, in addition to what the card already offers. Remember, though, you must qualify for USAA membership in order to grab this credit card.

Get the most value from the USAA Preferred Cash Rewards Visa Signature

Cardholders get an assortment of benefits. With the price protection feature of this card, you may be eligible for a refund of the price difference if you find a lower price on a new item you bought with the card within 60 days of your purchase.

This card offers extended warranty protection, which doubles the original manufacturer warranty up to a maximum of twenty-four months on most items you purchase. You’ll also receive access to a 24-hour concierge service.

Another valuable travel benefit includes worldwide rental car insurance when you use your card for the entire rental cost. Coverage consists of physical damage and theft of the vehicle; reasonable loss-of-use charges incurred from the rental car company if the car becomes inoperable; and towing charges to the nearest collision repair facility.

How much are the USAA Preferred Cash Rewards Visa Signature rewards worth?

If you spend $500 a month using the USAA Preferred Cash Rewards Visa Signature card, you’ll earn around $90 in cash back by the end of your first year.

How to redeem rewards

Redeem cash back through the USAA Rewards Service Center in increments of at least $1.