The best USAA cash back credit card is the USAA Cashback Rewards Plus American Express Card because it offers 5% cash back on up to $3,000 spent per year at gas stations and on military bases. It also gives 2% cash back on the first $3,000 spent at supermarkets each year, along with unlimited 1% cash back on everything else. The Cashback Rewards Plus Amex Card has a $0 annual fee and requires good credit for approval.
For people who’d prefer to earn cash back rewards at one flat rate on all purchases, the best USAA cash back card is the Preferred Cash Rewards Visa Signature Card. It offers 1.5% cash back on everything. Plus, as a Visa card, it will be accepted by more merchants than an Amex card. The Preferred Cash Rewards Visa Signature Card also has a $0 and requires good credit.
Those are the only two USAA cash back credit cards on the market right now. And the choice really comes down to your spending habits.
Here are the USAA cash back credit cards:
USAA Preferred Cash Rewards Visa Signature: 1.5% cash back on all purchases. Good credit needed. $0 annual fee.
USAA Cashback Rewards Plus Amex: 5% cash back on the first $3,000 spent per year on gas and military base purchases. 2% back on the first $3,000 per year at supermarkets and 1% on other purchases. Good credit needed. $0 annual fee.
The real question is whether the best USAA credit card for cash back is actually the best cash rewards card overall. There are a lot of great offers out there from other issuers. They’re at least worth a look. For example, Citi Double Cash offers 2% cash back on all purchases with a $0.
For big spenders, Amex Blue Cash Preferred offers 6% cash back on the first $6,000 spent per year at supermarkets, unlimited 3% back at gas stations and 1% everywhere else. It has a $95 annual fee.