Great Card If
- You’re a USAA member.
- You want to earn uncapped cash-back rewards on all of your purchases.
- You want a card with no annual fee and no foreign transaction fees.
Don’t Get If
- You want a card that offers bonus categories for the items you spend the most on.
- You want a card that earns flexible and transferable rewards.
USAA Preferred Cash Rewards Credit Card: Is It Worth It?
For USAA members who are looking for a card for all of their daily purchases that will help them earn an uncapped 1.5% cash-back on these expenses, the USAA Preferred Cash Rewards Credit Card is a great choice.
Not only does it help you earn cash-back on all of your daily purchases, it also comes with a solid welcome bonus offer and useful perks like no foreign transaction fees, auto rental collision damage waiver, baggage delay reimbursement, auto deductible reimbursement, and $0 annual fees.
USAA Preferred Cash Rewards Credit Card Top Benefits and Perks
Your USAA Preferred Cash Rewards Credit Card comes with a few solid perks, including:
- Auto deductible reimbursement: When you experience a covered loss, you can be reimbursed up to $200 of your auto policy deductible if you made a minimum of 8 purchases with your card in the prior calendar month.
- Baggage delay reimbursement: If your checked baggage is delayed, you can be reimbursed up to $100 a day for up to 3 days.
- Auto rental collision damage waiver: You receive secondary coverage, which applies after your primary auto coverage, toward accidental damage or theft of your rental car.
- Travel accident insurance: Receive coverage in the event you suffer the loss of life, limb, hearing, speech, or sight during your travels, with benefits of up to $500,000.
- Trip cancellation interruption insurance: If your travel is interrupted or cancelled, you can receive coverage of up to $1,500 per covered person for nonrefundable prepaid passenger fare.
- No foreign transaction fees: Continue to earn 1.5% cash-back on all purchases when you travel internationally, without any added fees.
Best Ways To Earn and Redeem Your Cash-Back Rewards
To help yourself rack up the cash-back rewards, use your USAA Preferred Cash Rewards Credit Card for all of your daily expenses, where you earn an uncapped 1.5% back on all purchases.
You can redeem your cash-back rewards as a payment method with select merchants, toward travel purchases, for merchandise, gift cards, charitable contributions, a statement credit, or an electronic deposit to your eligible USAA account.
Alternative Cards to the USAA Preferred Cash Rewards Credit Card
As far as no-annual-fee, cash-back rewards cards go, the Freedom Unlimited card is excellent. It earns 5% back on travel purchases through Chase Travel, 3% back on dining and drugstore purchases, and an uncapped 1.5% back on all other purchases. Plus, you can pool the rewards you earn with other premium Chase credit cards to take advantage of the Chase transfer partners.
The Double Cash card is another excellent option for those who want an uncomplicated cash-back card with $0 annual fee, thanks to its uncapped 2% back on all purchases (1% when you buy and another 1% when you pay).
