Posts Tagged USAA

The USAA credit card is one of the highest-rated rewards and cash back credit cards in the market.  If you qualify for it, getting one in your wallet is totally in your best interest.  Available in both Mastercard and American Express branding, you can apply for a USAA credit card if you fall in any of the following criteria:

1.  You are an active-duty officer and enlisted personnel in the US Armed Forces
2.  Your parents are eligible for a USAA card and have taken a USAA insurance product (either property or auto)
3.  You are a member of the National Guard or the Selected Reserve
4.  You are an officer candidate in a USAA-commissioning program (e.g. ROTC)
5.  You are a former member of the military in good standing

If you fall in any of the above slots, you may be qualified to get a USAA credit card and we highly recommend that you go after one instead of other current offerings in the market.  Both the Amex and Mastercard versions of the USAA card enrolls you in one of two programs.  You can either apply for it as a cash rebate card or as a rewards card.  Both cards have no annual fee and will net you as low as 7.75% APR.

Cash Rebates. If you opt for the cash rebates program, you get a tiered earnings system.  For the first $2000 you spend, you earn 0.35%.  For the next $2000, you get 0.75% in rebates.  For the next $11,000, it’s a full 1%.  Once you get past that, earnings jump up to 1.25% all throughout, with the money sent your way every January.

Rewards. If you opt for the rewards, you earn a straightforward one point for every dollar you spend.  Points can be exchanged for airline tickets, merchandise, gift cards, donated to charities or converted into cash.

More than the rewards and earnings, though, the USAA Credit Card continually boasts of the best customer service you can find.  In fact, more good things have probably been said about their helpful customer support than any current credit card in the market.