USAA® Rewards™ American Express® Card

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Natalie Campisi @NatalieMCampisi  in  Cash Back Advertising Disclosure
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Recommended Credit Score

Excellent to Good (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.

Apply Now On USAA's secure website
Annual Fee:
$0
Purchase Intro APR:
N/A
Regular APR:
12.15% - 28.15% Variable
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: Auto Rental Insurance, Concierge Service, EMV, Excellent Credit, Extended Warranty Program, Gas, Lost Luggage Reimbursement, Low Interest, Mobile Pay Ready, No Annual Fee, No Foreign Transaction Fees, Points, Price Protection, Purchase Protection, Rewards, Travel Accident Insurance, Travel Assistance, Trip Cancellation Insurance, Unsecured credit card, Zero Fraud Liability.

The USAA Rewards American Express Card is a no-frills rewards credit card that only former and current military as well as immediate family members of someone with military ties is eligible for.

Active duty military members get a few perks reserved just for them. Once such benefit rolls back the APR to just 4% for up to 12 months during deployment or PCS. After 12 months, your APR goes back to the regular rate based on your creditworthiness.

That said, this is a pretty basic card that offers standard rewards with few wow moments.

Review

To get approved for this card not only must you be a USAA member, but you must also have a good or excellent credit score.

Those who are approved with credit on the lower end of the spectrum will face higher-than-average APRs. Of course, you can avoid that APR by paying off your balance each month.

If you use the card mainly for gas and groceries, you get 2x the points for every dollar you spend.

Since there’s no annual fee, you could keep this card as a second option for those high-rewards category spends. All other purchases earn 1x the points for each dollar. The good news is your points never expire.

Who should get this card

The ideal candidate for this card is a deployed military member who has a balance they want to pay off with the lowest APR possible.

Even with the 3% balance transfer fee, this card could save you money depending on how much you owe – especially since there’s no annual fee.

 

Advantages
  • If you qualify, you'll get one of the lowest APRs available of any credit card.
  • You won’t have to pay an annual fee.
  • Enjoy extra perks, like rental car insurance.
Disadvantages
  • You have to be a USAA member to get this card.
  • The APR range slips into a higher-than-average rate
  • There’s a balance transfer fee of up to 3%.
  • Terms apply.

Fees and APR

  • There’s no annual fee.
  • You’ll pay no foreign transaction fee when using the card for purchases outside of the U.S.
  • The annual percentage rate is a variable 12.15%-28.15% APR based on your creditworthiness.
  • Deployed service members are eligible for 12 months of a 4% APR on balances incurred before deployment.
  • There is a balance transfer fee of 3%.

Extras, perks and using rewards

Cardholders get an assortment of benefits – from rental car insurance to extra rewards points for USAA members.

If you rent a qualifying car for 31 days or less, and pay using the USAA Rewards American Express Card, you’ll get insurance coverage for theft or physical damage to the car.

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 120 days of your purchase.

This card offers extended warranty protections, which doubles the original manufacturer warranty up to a maximum of twenty-four months on most items you purchase.

Cardholders also receive access to a 24-hour concierge service.

You can redeem points for airline and cruise travel rewards, cash, merchandise and gift cards.