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How Does LendingTree Get Paid?

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USAA® Preferred Cash Rewards Visa Signature® Card Review

USAA® Preferred Cash Rewards Visa Signature® Card Review

Rewards Rate
1.5% cash back on all qualifying purchases
Extra Perks
Rental Car Insurance, Concierge Services, Price Protection, & more
Rates & Fees
$0 annual fee, no penalty APR & no foreign transaction fee
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the USAA® Preferred Cash Rewards Visa Signature® Card best for?

The USAA® Preferred Cash Rewards Visa Signature® Card offers 1.5% cash back on all qualifying purchases, making it a solid choice if you’re looking for a credit card that earns a flat-rate cashback program on all purchases that doesn’t require having to deal with elevated rewards rates just in certain categories.

Plus, it charges a $0 annual fee and $0 in foreign transaction fees.

However, the card does requires USAA membership to apply. USAA is open to United States military members and veterans, precommissioned officers, and spouses and children. If you’re eligible, this could be a great card for your wallet — though it’s possible to find cards that earn a higher flat rate, which we’ll cover below.

USAA® Preferred Cash Rewards Visa Signature® Card overview

    • Earn 1.5% cash back on every purchase with no limits or category restrictions
    • Pay no annual fee, no penalty APR and no foreign transaction fees
    • USAA membership is available to active and former military and their eligible family members
  • Credit needed:
    680 850
    Excellent/Good
  • Auto rental coverage
  • Trip cancellation and interruption coverage
  • Baggage delay and reimbursement
  • Travel accident insurance
  • Extended warranty protection
  • Access to a concierge service for help with reservations, tickets and shopping
  • Guidance from identity theft resolution specialists
  • 24/7 access to USAA customer service

Intro Purchase APR

N/A

Regular Purchase APR

11.90% - 25.90% variable

Intro BT APR

N/A

Regular BT APR

11.90% to 25.90% Variable

Annual Fee

$0

Cash Advance Fee

3% on balance transfers and cash advances

Foreign Transaction Fee

$0

Balance Transfer Fee

3% of the amount of each transfer

Pros and cons

Pros

  • Earn a flat cashback rate on all purchases
  • $0 annual fee
  • Foreign exchange fee: $0
  • Reasonable APR range

Cons

  • Other cards may earn a higher rate
  • No sign-up bonus
  • USAA membership required to apply

What we like about the USAA® Preferred Cash Rewards Visa Signature® Card

  • Solid cashback program

    Cardholders earn 1.5% cash back on all qualifying purchases. That’s a solid flat cashback rate, and makes this card a great choice if you don’t like to deal with rotating cashback categories or elevated rewards on some purchases and lower rates on others.

    Plus, the USAA® Preferred Cash Rewards Visa Signature® Card allows cardholders to redeem cash back for any amount in $1 increments, which is nice because some cashback credit cards require minimum redemption amounts of $25.

  • No annual fee

    With a $0 annual fee, you can count all the cash back you earn with the USAA® Preferred Cash Rewards Visa Signature® Card as a net gain to your rewards balance, at least as long as you don’t incur other fees or interest charges.

  • No foreign transaction fee

    Take this card when traveling outside of the United States and enjoy peace of mind thanks to its $0 foreign transaction fee.

  • Chance for a low APR

    The USAA® Preferred Cash Rewards Visa Signature® Card comes with a 11.90% - 25.90% variable APR. Generally, the better your credit score, the better your chance of qualifying for a lower APR, but there is no guarantee.

    It’s also worth noting that while the Servicemembers Civil Relief Act (SCRA) caps credit card interest rates at 6% for military members on active duty — for debt incurred prior to the qualifying military service — USAA does even better with a maximum 4% interest rate.

What to watch out for with the USAA® Preferred Cash Rewards Visa Signature® Card

  • You can find a card with a higher cashback rate

    While earning 1.5% cash back on every purchase is good, it’s not hard to find credit cards offering 2% back. In fact, you’ll find two of them featured in the card comparison table below.

  • Doesn't offer a sign-up bonus

    Many cashback credit cards offer a sign-up bonus, often ranging from $100 to $200, that new cardholders can earn by spending a certain amount in their first few months with the card. If you know you’ve got a big purchase in the near future, opening a card with a sign-up bonus can help offset that expense. Unfortunately, this card doesn’t offer one.

  • USAA membership not open to everyone

    You must join USAA to apply for this card, and USAA membership is restricted to U.S. military members and veterans, precommissioned officers, and spouses and children.

Alternate cashback card

Compare it to the Wells Fargo Active Cash® Card

| Disclosures
Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card
on Wells Fargo's secure site
0% intro APR for 15 months from account opening
17.24%, 22.24%, or 27.24% variable APR
$0
Earn unlimited 2% cash rewards on purchases
  • Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 17.24%, 22.24%, or 27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No categories to track or remember and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card. (subject to a $25 deductible).
  • Select “Apply Now” to learn more about the product features, terms and conditions
660 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you’re looking to earn more than 1.5% cash back, the Wells Fargo Active Cash® Card lets cardholders earn unlimited 2% cash rewards on purchases. Plus, there’s a sign-up bonus that offers excellent value: Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months.

There’s also a 0% intro APR for 15 months from account opening on purchases, after which a 17.24%, 22.24%, or 27.24% variable apr APR applies. And you’ll get a 0% intro APR for 15 months from account opening on qualifying balance transfers, too. A 17.24%, 22.24%, or 27.24% variable apr APR applies after the intro period ends.

You’ll pay a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; min: $5.

The card’s annual fee is $0, but be aware that there is a 3% foreign transaction fee.

Compare the USAA® Preferred Cash Rewards Visa Signature® Card to similar cards

Comparison of four different credit cards
USAA® Preferred Cash Rewards Visa Signature® Card Wells Fargo Active Cash<sup>®</sup> Card Citi<sup>®</sup> Double Cash Card – 18 month BT offer Citi Custom Cash℠ Card
USAA® Preferred Cash Rewards Visa Signature® Card Wells Fargo Active Cash® Card Citi® Double Cash Card – 18 month BT offer Citi Custom Cash℠ Card
Read Review
Apply Now
on Wells Fargo's secure site
Apply Now
on Citibank's secure site
Apply Now
on Citibank's secure site
Rewards Rate
1.5% cash back on all qualifying purchases Earn unlimited 2% cash rewards on purchases Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
Welcome Offer
None Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening. Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Intro Purchase APR
N/A 0% intro APR for 15 months from account opening N/A 0% intro APR for 15 months on purchases
Regular APR
11.90% - 25.90% variable 17.24%, 22.24%, or 27.24% variable APR 16.24% - 26.24% (Variable) 16.24% - 26.24% (Variable)
Intro Balance Transfer APR
N/A 0% intro APR for 15 months from account opening on qualifying balance transfers 0% for 18 months on Balance Transfers 0% intro APR for 15 months on balance transfers
Regular Balance Transfer APR
11.90% to 25.90% Variable 17.24%, 22.24%, or 27.24% variable APR 16.24% - 26.24% (Variable) 16.24% - 26.24% (Variable)
Balance Transfer Fee
3% of the amount of each transfer 3% intro for 120 days from account opening, then up to 5%; min: $5 There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening. 5% of each balance transfer; $5 minimum.
Annual Fee
$0 $0 $0 $0
Card Details
USAA® Preferred Cash Rewards Visa Signature® Card Wells Fargo Active Cash® Card Citi® Double Cash Card Citi Custom Cash℠ Card

Is the USAA® Preferred Cash Rewards Visa Signature® Card right for you?

The USAA® Preferred Cash Rewards Visa Signature® Card is a fine choice if you’re looking for a card with a solid flat cashback rate, useful benefits, and a $0 annual fee and $0 foreign transaction fee. That’s assuming you meet USAA membership requirements, of course. However, if you want to earn more on every purchase and have the chance to earn a sign-up bonus too, consider the Wells Fargo Active Cash® Card instead.

The information related to the USAA® Preferred Cash Rewards Visa Signature® Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.