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USAA Rewards Visa Signature Card Review

USAA Rewards Visa Signature Card Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Oct 09, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re looking to earn rewards for restaurant and gas purchases, and you’re a military member, veteran or an eligible family member, take a look at the USAA® Rewards™ Visa Signature® Card . We evaluate what the card offers, who qualifies for USAA membership and alternative cards you may want to consider.

In this article:

Who is eligible for USAA membership?

You may qualify for USAA membership if:

  • You’re currently serving in the U.S. Air Force, Army, Coast Guard, Marines, Navy, National Guard or reserves.
  • You are retired or separated from the U.S. military with an honorable discharge.
  • You’re a widow, widower or unremarried former spouse of a USAA member who joined USAA prior to or during the marriage.
  • Your parents are USAA members.
  • You’re a cadet or midshipman at a U.S. service academy or an affiliated academy preparatory school.
  • You’re in advanced ROTC or on ROTC scholarship.
  • You’re an officer candidate within 24 months of commissioning.

Rewards breakdown for the USAA® Rewards™ Visa Signature® Card

  • Earn 2X points per dollar spent on gas and dining and earn one point for every dollar spent on all purchases

  • Get 2,500 bonus points with your first purchase

  • $0 annual fee, no penalty APR & no foreign transaction fee

Highlights
  • Earn 2X points per dollar spent on gas and dining with no cap
  • Earn 1X points for every dollar spent on all other purchases
  • Get 2,500 bonus points with your first purchase
  • Redeem points for cash, merchandise, gift cards and more.
  • USAA membership is available to active and former military and their eligible family members
  • See Rates & Fees

See additional details for USAA® Rewards™ Visa Signature® Card

More Info

Frequent drivers and foodies can benefit from the rewards program that is geared toward purchases in those categories — earn 2x points per dollar spent on gas and dining and earn one point for every dollar spent on all purchases. There is no limit to how many rewards points you can earn as long as your credit card account is in good standing, and the card’s annual fee is $0.

Qualifying purchases for the dining category include those made at restaurants and fast-food establishments. For the gas category, a qualifying purchase covers gasoline at a business that primarily sells gas to consumers (such as Shell and Exxon Mobile stations).

The value of rewards points vary, but you can redeem them in a variety of ways:

  • Airline tickets
  • Merchandise and gift cards
  • Cash rewards
  • Donation to participating charities
  • Cruise tickets

Refer to the terms and conditions of the rewards program for more detail.

Where the USAA® Rewards™ Visa Signature® Card stands out

Wide range of travel benefits. This card offers numerous travel benefits that can be helpful when you’re away from home, including auto rental collision coverage, travel and emergency assistance, trip cancellation and coverage, baggage delay reimbursement and extended warranty protection. Check out the additional card benefits section below for more details. Plus, there’s no foreign transaction fee, saving you the typical 3% fee some other cards charge on purchases outside the United States.

Chance to benefit from lower military interest rate. USAA offers a reduced interest rate of 4% on credit card and other loan debt incurred prior to active duty. That’s better than the reduced rate of 6% required by the Servicemembers Civil Relief Act (SCRA). Note that charges put on your card before active duty may qualify, but charges put on your card during or after active duty will not qualify. You can find out more about this benefit here.

Read: Credit Cards with Travel Insurance

Additional benefits

The USAA® Rewards™ Visa Signature® Card has several perks, including:

  • Rental car insurance*: When you rent an eligible vehicle for 31 consecutive days or less, you may be covered for damage or theft, reasonable loss of use charges and towing charges. (Within your country of residence, this is secondary coverage, meaning your personal automobile insurance will kick in first, then the credit card’s coverage.)
  • Travel accident insurance*: Pay for your trip with your card and you may receive coverage for accidental death or dismemberment up to a maximum of $500,000.
  • Baggage delay insurance*: Use your card to pay for your trip fare, and if your baggage is delayed more than four hours, you may be reimbursed for incidentals up to $100 a day for three days.
  • Trip cancellation/interruption insurance*: When you pay for travel on a common carrier (such as an airplane or train) and cancel travel or cut your trip short due to covered situations, such as accidental injury or physical illness, you may be reimbursed up to $1,500.
  • Travel assistance services*: Receive referrals for emergency medical assistance and legal issues when you travel from home.

Should you find yourself in need of any of these benefits, a USAA representative can assist you when you call 844-288-2141.

*Terms apply. Refer to your Guide to Benefits for more detail.

Where the USAA® Rewards™ Visa Signature® Card falls short

This card is an overall decent choice that has no major setbacks. However, one factor that competing cards outdo is the 1-point-per-dollar rewards rate on purchases other than gas and dining. For example, the Citi® Double Cash Card – 18 month BT offer has a cashback program where you can earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.

The Citi® Double Cash Card – 18 month BT offer could be appealing if you want flat-rate cash back on every purchase, though it doesn’t offer some of the benefits that the USAA® Rewards™ Visa Signature® Card does.

  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.

  • 0% for 18 months on Balance Transfers

  • 15.74%– 25.74% (Variable)

Highlights
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74%– 25.74% based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • The standard variable APR for Citi Flex Plan is 15.74%– 25.74% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

See additional details for Citi® Double Cash Card – 18 month BT offer

More Info

Compare it with the USAA® Rewards™ American Express® Card

  • Earn 3X points per dollar spent on dining, 2X points per dollar spent on gas and groceries, 1X point for every dollar spent on all other purchases

  • Get 2,500 bonus points with your first purchase

  • $0 annual fee, no penalty APR & no foreign transaction fee

Highlights
  • Earn 3X points per dollar spent on dining
  • Earn 2X points per dollar spent on gas and groceries
  • Earn 1X points for every dollar spent on all other purchases
  • Get 2,500 bonus points with your first purchase
  • Redeem points for cash, merchandise, gift cards and more.
  • USAA membership is available to active and former military and their eligible family members
  • See Rates & Fees

See additional details for USAA® Rewards™ American Express® Card

More Info

Though the USAA® Rewards™ Visa Signature® Card offers decent value on dining and gas purchases, the USAA® Rewards™ American Express® Card has a more robust rewards program. Earn 3X points per dollar spent on dining, 2X points per dollar spent on gas and groceries, 1X point for every dollar spent on all other purchases.

Here’s how the two cards stack up:

USAA® Rewards™ Visa Signature® Card USAA® Rewards™ American Express® Card
Welcome offer Get 2,500 bonus points with your first purchase Get 2,500 bonus points with your first purchase
Annual fee $0 $0
Regular purchase APR 11.90% - 27.90% Variable 11.90% - 27.90% Variable
Rewards Earn 2X points per dollar spent on gas and dining and earn one point for every dollar spent on all purchases Earn 3X points per dollar spent on dining, 2X points per dollar spent on gas and groceries, 1X point for every dollar spent on all other purchases
Foreign transaction fee None None

If you’re looking to maximize the rewards you earn on dining, it’s clear the USAA® Rewards™ American Express® Card wins out. If you spend $1,200 on eligible purchases in a year, for example, that’s 3,600 rewards points at the 3X rate, but only 2,400 rewards points at the 2X rate you’d get with the USAA® Rewards™ Visa Signature® Card.

However, it’s worth noting that Visa is more commonly accepted outside the United States than American Express. For military members who may be deployed abroad, this could be a reason to apply for the USAA® Rewards™ Visa Signature® Card.

The bottom line

Military members and their eligible family members who spend a lot on dining and gas may see good value in the USAA® Rewards™ Visa Signature® Card. However, if you’re looking for a rewards program with higher rewards rates on dining and groceries, check out the USAA® Rewards™ American Express® Card.


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