The USAA Preferred Cash Rewards Visa Signature® Credit Card is a cash-back credit card designed specifically for current and former military members, as well as their spouses and dependents. While it may not offer any flashy welcome bonuses or exclusive perks, it provides a simple and rewarding cash-back experience with unlimited 1.5% cash back on all purchases and no annual fee. This makes it a solid choice for military members seeking a straightforward and low-cost cash-back card.
One of the key advantages of the USAA Preferred Cash Rewards Visa Signature® Credit Card is its lack of an annual fee. This means that cardholders can enjoy the benefits of cash back without having to pay any additional costs. Additionally, the card has a recommended credit score of 670, which is within reach for many military members and their families.
Another attractive feature of the USAA Preferred Cash Rewards Visa Signature® Credit Card is its 15-month introductory period on purchases with a 0% annual percentage rate. This can be especially beneficial for military members who may have upcoming large purchases or expenses. After the introductory period, a variable APR of 17.15% to 31.15% will apply, depending on the cardholder’s credit history.
While the USAA Preferred Cash Rewards Visa Signature® Credit Card does not offer a traditional welcome bonus, it does provide an introductory 0% APR on purchases for the first 15 months. This can be advantageous for military members who may need to make significant purchases in the early months of card ownership.
In terms of benefits, the USAA Preferred Cash Rewards Visa Signature® Credit Card offers standard travel and shopping protections, such as travel accident insurance and extended warranty protection on U.S. manufacturers’ warranties. It also does not charge any foreign transaction fees, which can be useful for military members who may be stationed or traveling overseas.
When it comes to earning cash back, the USAA Preferred Cash Rewards Visa Signature® Credit Card offers a straightforward 1.5% cash back on all purchases. There are no category restrictions or caps on cash back, making it a simple and easy way to earn rewards. This can be particularly appealing for military members who may not have the time or desire to keep track of rotating categories or complicated rewards structures.
Redeeming cash back with the USAA Preferred Cash Rewards Visa Signature® Credit Card is also hassle-free. The cash back earned does not expire, allowing cardholders to redeem it on their own schedule. It can be redeemed as a statement credit or deposited directly into a USAA checking or savings account.
While the USAA Preferred Cash Rewards Visa Signature® Credit Card offers a solid cash-back experience for military members, there are other similar cards on the market that may be worth considering. Some competitors include the Capital One Quicksilver Cash Rewards Credit Card, the Citi Double Cash Card, and the Chase Freedom Unlimited. These cards offer similar cash-back structures and benefits, so it may be worthwhile to compare them and choose the one that best fits your needs.
In conclusion, the USAA Preferred Cash Rewards Visa Signature® Credit Card is a suitable option for military members and their families who are looking for a straightforward and rewarding cash-back credit card. While it may lack some of the bells and whistles of other cards, its unlimited 1.5% cash back on all purchases and no annual fee make it a solid choice. So, if you’re a military member in search of a simple and rewarding cash-back card, the USAA Preferred Cash Rewards Visa Signature® Credit Card may be worth considering.