USAA® Rewards™ Visa Signature® Card
The special military benefits on the USAA Rewards Visa Signature make it a worthy option for those who serve our country. But outside of the special perks and benefits for those actively deployed, the card offers meh rewards and less-than-favorable interest rates for those with less-than-favorable credit scores.
It’s hard to recommend USAA Rewards Visa Signature card over the other rewards card from this issuer, the USAA Rewards American Express card. While the Visa card earns just 2x points per dollar spend on gas and dining and 1 point on all purchases, the AmEx version pays an unlimited 2x per dollar on groceries and gas and 1 point per dollar on all other spending. This could be a significant difference in earnings potential if you spend heavily in those categories.
Those who are approved for the USAA Rewards Visa Signature with credit on the lower end of the spectrum will face higher-than-average APRs, maxing out at a 28.15% variable. Of course, you can avoid that APR by paying off your balance in full each month.
The ideal candidate for this card is a deployed military member who qualifies for the ultra-low deployment APR rate of 4% (applies on all balances for up to 12 months during deployment or PCS, after 12 months, the regular variable APR, currently between 12.15% and 28.15%, will apply). That being said, all USAA cards offer the same special low deployment rate of 4% (conditions apply), so you’re likely to be better off with a card that has a different structure.
Who should get this card
We don’t recommend this card when there are other USAA cards that offer more compelling features and benefits. This card offers one of the lowest rewards returns on the market today.
Fees and APR
- There’s no annual fee.
- On purchases, you’ll pay a variable 12.15% – 28.15% APR based on your creditworthiness.
- You’ll pay no foreign transaction fee for purchases outside the U.S.
- 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 points
If you rent a qualifying car for 31 days or less, and pay using your USAA card, you’ll get insurance coverage for physical damage to the car or theft.
With the price protection feature of this card, if you may be eligible for a refund to your card 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 up to one year longer than the original manufacturer’s warranty.
Cardholders also receive access to a 24-hour concierge, emergency services including roadside assistance and trip cancellation or interruption insurance.
To redeem your points, log into your account online or through your mobile app. Each category has different redemption levels that require a minimum amount of points. Typically, each point is worth about 1 cent, but points may increase in value when redeemed for certain awards like travel.
How this card compares
If you don’t want to do the work, get a card that offers a flat cash-back rate better than what you’ll find here.
So why, you might ask, does this card not receive a higher score from Bankrate? There are a couple reasons, but the main thing dragging this card down is this: Because Citi Double Cash offers no sign-up bonus, it struggles to compete with many cards in this category.
Longer-term, the Citi Double Cash Card may earn you more rewards. The card earns an unlimited 1% cash back when you make a purchase and another 1% back when you pay for those purchases. Big spenders may find this nets more cash-back overall as there’s no ceiling on what you can earn back.