All the information you must know before applying for USAA Preferred Cash Rewards Visa Signature card

USAA Preferred Cash Rewards Visa Signature is elegantly simple to use as a credit card. It does not have any complexities of a cashback credit card such as category restriction and tier-based rewards earnings. You straightaway earn rewards for your purchases which can be credited to you as statement credits.

We will be looking at the many of the advantages of carrying this card in your wallet.

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Rewards Rate
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    HIGHLIGHTS

      Benefits of USAA Preferred Cash Rewards Visa Signature card

      Reward Earnings Rate

      You receive 1.5% cash back for each dollar you spend on purchases.

      ADD-ON Features

      The USAA Preferred Cash Rewards Visa Signature card saves you money by not charging you an annual fee, foreign transaction fee and a penalty APR.Together these  charges would make for a decent amount had you had to pay them out of your pocket.

      To top it off, the points you earn do not expire and can be redeemed at any time as a statement credit or can be deposited into your USAA savings or checking account, as long as your account is in good standing. These features are nice to have in a cash back card as you don’t have to be in a rush to redeem the benefits.

      Special Rates

      You may not be offered an intro APR when you sign up for this card but you can get a 6% SCRA rate for the credit card balances accumulated prior to active duty.USAA may also offer a lower rate of 4%.

      To be eligible for this benefit, you must submit a request within 180 days’ of completing active duty. Also, you should have had an USAA account before joining active duty.

      The special rate is applicable only on balances which were collected on your card before your joining of active duty.

      Security Features

      USAA uses biometrics, Quick Logon, CyberCode text and computer recognition features to keep your transaction secure and to help you gain access to quickly to your account.

      Besides, the USAA Preferred Cash Rewards has zero liability protection, which protects you from unauthorized transactions that are made using your card. These incidents must be immediately reported by you to USAA to protect your account.

      Easy Account Access

      You can transact from anywhere using the USAA mobile app. You can pay your bills, track rewards, setup reminders for payments using their mobile app.

      The USAA Preferred Cash Rewards card is compatible with Google Pay, Apple Pay and Samsung Pay.

      Who can apply for USAA Preferred Cash Rewards Visa Signature card?

      To be approved for this card you must have a good to excellent credit score. To be considered for eligibility you must have a USAA membership or must be a member belonging to a military family or have a connection to the military service.

      USAA Preferred Cash Rewards Visa Signature comparison with other cashback cards.

      USAA Preferred Cash Rewards Visa SignatureChase Freedom UnlimitedCapital One® QuicksilverOne® Cash Rewards
      No Annual FeeNo Annual Fee$39
      Earn cash back at 1.5%Earn cash back at 1.5%Earn cash back at 1.5%
      No Foreign Transaction Fee3% of the amount of each transactionNo Foreign Transaction Fee
      No Intro BonusEarn $200 as intro bonus after you spend $500 on purchases within 90 days of account opening. No Intro Bonus
      No Intro APRYou can get a 0% APR for 15 months on balance transfers and purchases from the date of account opening.No Intro APR
      SRCA Rate can be availed for balances due prior to active duty.Points can be transferred using Ultimate Rewards to other premium chase cards and can be redeemed for higher value in the travel category. There are multiple options through which you can redeem the earned rewards. Potential increase of credit limit after making five timely payments with credit steps.
      Price Protection

      Extended Warranty

      Zero Liability Protection

      Baggage Delay Insurance

      Travel Accident Insurance

      Auto Rental Collision Damage Waiver

      Travel and emergency assistance service

      Trip Cancellation/Trip Interruption Insurance

      Concierge assistance
      Purchase Protection

      Fraud Protection and Alerts

      Extended Warranty

      Zero Liability Protection

      Travel Accident Insurance

      Auto Rental Collision Damage Waiver

      Travel and emergency assistance service

      Lost luggage reimbursement

      Trip Cancellation/Trip Interruption Insurance
      Price Protection

      Extended Warranty

      Zero Liability Protection

      Travel Accident insurance

      Auto Rental Collision Damage Waiver

      Travel and emergency assistance services

      Fraud Protection 
      View Offer Details Terms Apply

      Conclusion

      The USAA Preferred Cash Rewards Visa Signature card can be considered by families associated with military, particularly if they want to take benefit of SCRA rate during active duty. However, there are other cash back cards which offer more value in terms of rewards, intro APR and welcome bonus which must be taken into account before applying for this credit card.

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