Credit Card Review & Application

USAA Cash Rewards World MasterCard


out of 5

- Earn rebates up to 1.25% on your everyday purchases.
- Your cash rebate is awarded every January for the purchases made the previous 12 months.
- There's no limit to the amount you can earn.
- Enjoy variable rates as low as 9.9% APR on purchases, balance transfers and cash advances. This APR will vary with the market based on the Prime Rate.
- No annual fee and no minimum finance charge.
- 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: See Terms (variable)*
Annual Fee: $0*
Card Issuer: USAA Bank
Card Network: Mastercard®
Card Category: Consumer (Premium)
Card Type: - Instant Decision
- Low Interest Rate
- Military
- Reward Card
Credit Needed: Good*

Seeing a need to provide financial insurance and services for themselves and people in their community, a handful of military servicemen started helping each other with money and insurance back in 1922. Since then, they have grown to develop one of the most beloved financial services companies in the United States. That privately-held company is known today as USAA and has a customer base of approximately 8 million servicemen and women and their family members.

It is easy to see how USAA could have come to earn such a remarkable reputation. One look at the USAA Cash Rewards World MasterCard, for example, and you will quickly agree that the benefits USAA provide their customers are top notch. Of course, an association with MasterCard ensures that everyday benefits are available as well.

This card, first of all, is a cash rebate rewards card. Plain and simple, every purchase you make will earn points towards cash rewards. In fact, you can earn as much as 2.25% in cash rebates every year. To earn the maximum points you will need to use your card to make gas and grocery purchases, but that should be pretty easy to do.

Your earnings will be calculated at the close of the calendar year and your rebate will be issued in January. With no rewards cap and no restrictions on earnings, using your card all year long to fill your tank and your refrigerator could easily earn you a decent chunk of change. You can even earn cash bonuses in addition to the rebates, depending on how much you charge, overall, over the course of the year.

While cash rebates are definitely the most attractive features, this card is also an easy decision since it has no annual fee and no minimum finance charge. Combined with competitive interest rates on balance transfers and cash advances as well as standard purchases this lack of fees and finance charges could easily save you money over other similar cards on the market today. Of course, your particular collection of interest rates will depend on the market prime rate and your credit score when you apply and are approved for the card.

If saving money is something that appeals to you, you might want to know that the processing fees charged by this card are quite reasonable. To be more exact, you can expect to pay no more than 3%, and no more than $200, per balance transfer and cash advance transaction. You will also pay no more than 1% on foreign exchange transactions. Finally, you can avoid interest altogether when you pay off new charges in full within the 25-day interest-free grace period.

The review prepared by . Opinions expressed therein are solely those of the reviewer.

Reward Types: - Cash Back Rewards
- Universal Rewards
Reward Unit: Cash
Rewards: - 1.25% on your USAA MasterCard purchases.
- Cash every January for the previous year's purchases.
Expiration: None*
Yearly Limit: None
Other Benefits: - Worldwide Automatic Travel Accident Insurance
- Auto Rental Insurance
- Purchase Assurance Coverage
- Extended Warranty Protection for purchases
*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: See Terms (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 - 1% foreign TRS fee of each transaction other than U.S. dollars
- $35.00 fee for returned payments

We do not offer online application for this card at the moment.

You may also be interested in:

* The information provided for USAA Cash Rewards™ World MasterCard is believed to be accurate at the time of evaluation (Feb 14, 2020). We strongly advise visitors to review the terms and conditions to verify accuracy of the information and fees posted prior to applying for the product.

Home | Terms | Privacy Policy | Sitemap | Contacts Copyright © 2021 - CreditCardsCo™ - All rights reserved.
CreditCardsCo Disclaimer