USAA Preferred Cash Rewards Visa Signature Credit Card review: 1.5% cash back for military members

06.11.2023 - 21:03 / thepointsguy.com

The USAA Preferred Cash Rewards Visa Signature® Credit Card is a good cash-back option for current and former military members, as well as their spouses and dependents. While it lacks any welcome bonus or exclusive perks, this card offers a no-frills experience with unlimited 1.5% cash back on purchases and no annual fee (see rates and fees), making it a solid choice for military members seeking a simple and rewarding cash-back card. Card rating*: ⭐⭐⭐½

With no annual fee, a recommended credit score of 670 and a generous 15-month introductory period on purchases of 0% annual percentage rate, after which a variable APR of 17.15% to 31.15% will apply (see rates and fees), this card can offer substantial value for military members and their families.

That's even though the card has no current welcome offer and somewhat limited benefits.

Keep reading to learn more about the USAA Preferred Cash Rewards Visa.

While it offers no traditional sign-up bonus, the USAA Preferred Cash does come with an introductory 0% APR on purchases in the first 15 months of card ownership. After that, you'll have a variable interest rate as low as 17.15% or as high as 31.15% , depending on your credit history.

The USAA Preferred Cash provides standard travel and shopping protections — such as travel accident insurance and extended warranty protection on U.S. manufacturers' warranties — plus no foreign transaction fees (see rates and fees).

However, you won't enjoy many lavish benefits on this no-annual-fee card.

Related: Should you get travel insurance if you have credit card protection?

The USAA Preferred Cash offers unlimited 1.5% cash back on purchases, with no category restrictions or cap on cash back.

If you're a current or former military member or a family member of someone who serves, it could be a nice starter in the world of cash-back cards.

Cash back earned with the USAA Preferred Cash never expires, meaning you can redeem cash back on your own schedule. You can redeem cash back as a statement credit or deposit it directly into a USAA checking or savings account.

There are a handful of other simplified cash-back cards on the market that compete with the USAA Preferred Cash:

For additional options, check out our full list of the best cash-back credit cards.

Related: How to redeem Citi ThankYou Points for maximum value

For military members, including current and former personnel, as well as their spouses and dependents, the USAA Preferred Cash Rewards Visa Signature Credit Card is a suitable choice for cash-back rewards. Although this card does not provide a welcome bonus or special perks, it offers a straightforward experience with unlimited 1.5% cash back on purchases and no annual fee.

The simple experience of