Preferred Cash Rewards Visa Signature® Credit Card
- Best for: USAA members who want one flat rate on all their spending
- What Sets It Apart: 1.5% on purchases with no categories or cap; no foreign transaction fee
- Cost: $0 annual fee; 15.40% to 27.40% variable APR; 5% balance transfer and cash advance fee
- Features: $200 bonus after $1,000 in qualifying purchases by January 31, 2027; intro APR of 0% through the May 2028 billing cycle for balance transfers posted by January 31, 2027; 4% rate cap during active duty on a card opened before service
- Pros: Nothing to track; no fee abroad; no penalty APR; cell phone protection up to $500
- Cons: Trails no-fee 2% cards; no 0% offer on purchases; USAA membership required
Get the Preferred Cash Rewards Visa Signature® Credit Card if you’re a USAA member who wants one no-fee card paying 1.5% on everything, with no categories or caps. If a quarter of your spending goes to everyday categories like groceries, dining, and gas, compare USAA’s Eagle Adapt first. Outside USAA, a no-fee 2% card pays more on U.S. purchases.
Only USAA members can apply, and joining is free for current and former military, their spouses, and children of members. Your cash back never expires while the account is open, and you can take it as a statement credit or a deposit to an eligible USAA account.
Key Features
- 1.5% cash back on purchases
- $0 annual fee
- $200 bonus after $1,000 in qualifying purchases by January 31, 2027
- 15.40% to 27.40% variable APR, the yearly interest rate on a balance you carry
- Intro APR of 0% through the May 2028 billing cycle for balance transfers posted by January 31, 2027, with a 5% fee
Pros
- One rate on everything, with no spending cap or category list to track
- No foreign transaction fee, so purchases at an overseas duty station cost nothing extra
- No penalty APR, so paying late won’t trigger a higher rate
- A 4% rate cap during active duty, below the 6% federal law requires, if you opened the card before your service and ask for it
- Cell phone protection up to $500 when the card pays your monthly phone bill
Cons
- A lower rate than the 2% some no-fee cards pay on everything
- No 0% intro APR on new purchases
- Interest on all purchases after a balance transfer, until you pay off the whole balance
This card earns more than USAA’s Eagle Adapt for members who put less than a quarter of their spending on groceries, dining, gas, and the Adapt’s other 3% categories, since the Adapt pays 1% on everything else. A no-fee card paying 2% on everything earns $5 more for every $1,000 you charge in the U.S.
Learn more about the Preferred Cash Rewards Visa Signature® Credit Card or see how it compares to the best cash back credit cards.
Editorial & Advertiser Disclosure: The editorial content on this page is not provided, commissioned, reviewed, approved, or otherwise endorsed by any advertiser. Opinions expressed here are ours alone, not those of any advertiser. The offers that appear on this site are from companies that compensate us. That compensation may influence which products we cover and where and how they appear on a page – including the order in which they appear – but it does not influence our evaluations, ratings, or opinions. We do not include every company or offer available in the marketplace.
Related:
