Credit Card Review & Application


out of 5

- Earn 2,500 Bonus Points after your first purchase and earn 2X points per dollar spent on gas and grocery purchases all the time.
- No caps or limits on the amount you can earn.
- Redeem your USAA Rewards points towards cash, gift cards, name brand merchandise and travel with no blackout date.
- Redeem your points anytime on USAA's website or from your mobile device - with no redemption fee.
- Enjoy variable rates as low as 10.15% APR on purchases, balance transfers and cash advances. This APR will vary with the market based on the Prime Rate.
- Before starting your application, USAA will ask you a few questions to establish your online access and eligibility with USAA.
- If you are not eligible, USAA credit cards and other products may still be available.

Introductory APR: See Terms*
Introductory Period: -100
APR on Purchases: as low as 10.15% (variable)*
Annual Fee: $0*
Card Issuer: USAA Bank
Card Network: American Express®
Card Category: Consumer (Regular)
Card Type: - Co-Branded Card
- Instant Decision Card
- Low Interest Credit Card
- Military Credit Card
- Reward Card
Credit Needed: Good*

USAA and American Express have come together to bring consumers a simple, convenient, and very beneficial credit card with, quaintly put, the USAA Rewards American Express credit card. This card is best for members who want twice as many points as the standard card on things like gas and groceries as well as a low, competitive interest rate, and a flexible payment schedule and fees. This is the latest financial product from a company upon which American military personnel have relied since 1922.

First of all, the USAA Rewards American Express credit card lets you earn more points than the average card and gives you more flexible ways to use them. For example, you will earn two times the points on gas and groceries with no seasonal limitations. You will also be able to take advantage of 2,500 bonus points after your first qualifying purchase. With no caps or limits on the amount of points you can earn (and with gas prices still at record highs) it should be easy to earn as many points as you need to redeem them towards the rewards you desire.

Speaking of rewards, you can use your purchase points towards a wide variety of USAA Rewards. This includes cash rebates, gift cards, specific name brand merchandise, and travel incentives. Furthermore, you can take advantage of your travel rewards with freedom from blackout dates, something you will not find with every card on the market today. Finally, you can redeem your points at any time through or even your mobile device with no redemption processing fee. Keep in mind that the value of your points depends on how you choose to redeem them.

Another benefit of the USAA Rewards American Express credit card is the low interest rate. Since there is no annual fee, you could find this card saves you a bit of money over other cards you may be considering. Of course, you can avoid interest altogether by simply paying your balance in full and on time within 25 days after the close of your billing cycle. Basically, you need to pay off new charges every month and you can avoid interest entirely.

Like any other credit card, this particular USAA product carries a few standard fees. Thus you can expect to pay from 1%-3% on all foreign transactions, balance transfers, and cash advances. These processing fees are in addition to the individual interest rates for each type of balance you could carry. Also, you can expect to pay penalty fees for late payments and having a payment returned, which are standard for most credit cards today.

Review prepared by

Reward Types: - Gas Reward Cards
- Other Rewards Cards
- Universal Reward Cards
Reward Unit: Point
Rewards: - 2,500 Bonus Points after your first purchase
- 2 points on gas and grocery purchases all the time
- 1 point on every other dollar spent
Expiration: None*
Yearly Limit: None
Other Benefits: - Travel accident insurance up to $1 million
- Concierge service
- Emergency roadside assistance
- Collision damage waiver coverage
- Zero liability coverage if your card is lost or stolen
*See Card Terms and Condition for other benefits
Online Account Access: Yes
Introductory APR: See Terms*
Applied Towards: Balance Transfer, Checks
Introductory Period: -100*
APR on Purchases: as low as 10.15% (variable)*
Annual Fee: $0*
Grace Period: 25 days*
Late Payment Fee: $35.00*
Over Limit Fee: $0.00
Balance Transfer: Yes
Transfer Fee (%): 3.00%
Maximum Fee: $200.00
APR Cash Advances: See Terms
Cash Advance Fee: 3.00%
Maximum Fee: $200.00
Additional Fees Foreign Transaction Fee: 1% of each transaction in U.S. dollars.
Returned Payment Fee: Up to $35.00
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† The information provided for USAA Rewards™ American Express® Card is believed to be accurate at the time of evaluation (Feb 1, 2016). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.

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