USAA® Cashback Rewards Plus American Express® Card

Our review of the USAA® Cashback Rewards Plus American Express® Card

The USAA® Cashback Rewards Plus American Express® Card is an exceptional cash back rewards credit card specifically designed for military personnel and their families. This card, offered by USAA, provides significant savings at gas stations and on military bases worldwide.

How to Earn Rewards

The Cashback Rewards Plus Amex Card offers an impressive 5% cash back at gas stations, making it one of the top gas station rewards cards available. Few other gas cards can compete with the generous 5% back offered by the USAA Card, with the PenFed Platinum Rewards VISA Signature® Card being one of the few that come close.

Cardholders also earn 5% cash back on purchases made on military bases worldwide, making this card an ideal companion for military families, no matter where they are stationed. It’s important to note that the gas station and military base spending bonus is capped at the first $3,000 per year.

In addition to the above, the USAA® Cashback Rewards Plus American Express® Card also provides 2% cash back on the first $3,000 spent on groceries, and 1% back on all other purchases. Rewards can be redeemed for cash back, gift cards, merchandise, or travel, with no expiration date and no limit on the number of rewards that can be earned.

Special Financing for Active Deployment

Members of the military on deployment or PCS orders are eligible for a special 4% APR on all balances for up to 12 months with the USAA® Cashback Rewards Plus American Express® Card. This unique financing offer provides added financial security for military personnel and their families during times of stress and deployment.

Highly Competitive APR

USAA credit cards are known for their competitive APR rates for individuals with excellent credit, and the USAA® Cashback Rewards Plus American Express® Card is no exception. Those with exceptional credit can benefit from interest rates significantly lower than the national average for rewards cards. In fact, individuals with the highest credit scores may enjoy an APR nearly 5% below the norm.

Other Card Features

Like other USAA cards, the Cashback Plus card comes with no annual fee, no foreign transaction fees, and no penalty APR. Additional features include identity theft resolution services, auto rental coverage, travel accident insurance, trip cancellation and trip interruption insurance, baggage delay reimbursement, and extended warranty on U.S. manufacturer’s warranties.

Should You Apply for the USAA® Cashback Rewards Plus American Express® Card?

Overall, the USAA® Cashback Rewards Plus American Express® Card is a comprehensive cash rewards credit card tailored for military families. The enticing 5% cash back on gas station and military base purchases, along with 2% back on groceries, make this card a valuable choice. While the benefits in the 5% and 2% categories are limited to the first $3,000 spent, they still offer significant value.

Additionally, the low APR and special financing for active deployment personnel add to the card’s appeal. With no annual fees, no foreign transaction fees, and no penalty APR, this card provides excellent everyday value for military families.