You can no longer get a USAA limitless credit card. The USAA Limitless Cashback Rewards card stopped accepting applications in late 2017. The card offered 2.5% cash back on all purchases to customers who maintained direct deposits of at least $1,000 a month in a USAA checking account. If they didn’t, they got 1.5% cash back instead.
USAA launched Limitless Cash Back as a pilot program in 2017. The program originally included around 30 states. Louisiana was the only participating state left when the program was halted later that year.
USAA requires you to have a USAA membership before you can apply for one of their credit cards. Membership is limited to U.S. military personnel and immediate family members. Close relatives of USAA insurance customers can also join.
While USAA no longer offers “limitless” credit cards, you could get a credit limit of up to $50,000 on any of its regular credit cards. USAA will review your account about once a year for a possible credit limit increase too.
Individuals eligible for USAA membership include active, retired, and honorably separated members of the U.S. military; cadets and midshipmen at U.S. service academies; and their eligible family members. Children (including step-children), spouses, widows/widowers, and former spouses who have not remarried are all considered eligible. For children to be eligible, the parent must join USAA while living.… read full answer
Once someone becomes a USAA member, eligibility then extends to their family members (even if those family members aren’t in the military). For instance, if the child of someone who was a USAA member also joins USAA, that person’s spouse and kids are then eligible for membership as well. It can continue passing down that way. Eligibility does not extend to siblings or parents.
USAA credit card rental car insurance covers physical damage and theft up to $50,000 per account, but you need to decline the rental company’s insurance in order to use your credit card’s one. Keep in mind that you’re only covered if you file your claim within 60 days of the incident. But there are instances, like driving non-general passenger vehicles, that are not covered. And certain conditions, such as reckless driving, would also void your coverage.… read full answer
Basically, there are plenty of things you should know about your coverage before you sign a rental agreement.
Here’s how USAA credit card rental car insurance works:
You are covered when you rent a vehicle in your own name for up to 31 consecutive days using a USAA credit card. You must pay for the full rental with your card, USAA reward points or a combination of the two. Split payments with a non-USAA credit card are not accepted. Also, you must decline any similar coverage offered by the rental company.
USAA will pay for any physical damage, vandalism or theft. It will also pay for loss of use charges from the car rental company for the period of time the vehicle is out of service, along with towing costs.
Coverage amounts are limited to repair costs, the vehicle’s market value, the rental company’s purchase price or $50,000, whichever is less. Loss of use charges are limited to $15,000 per claim.
Only general passenger vehicles are covered. Vehicles not covered include trucks, SUVs, vans, pickups, motorcycles, recreational and off-road vehicles and luxury vehicles. To view the complete list, refer to your credit card’s Guide to Benefits.
You are not covered for personal injury or damage to personal property, damages to other vehicles, property or injury to another person. Nor are you covered for losses related to driving under the influence of drugs or alcohol, racing or reckless driving, or any damage of an intentional or non-accidental nature
To file a claim, call 1 (800) 288-2141, or 1 (800) 673-1164 if you are outside the United States, and request a claim form. You must report the claim within 60 days of the loss. Any claim-related documentation, like police reports or damage estimates, must be submitted within 180 days of the incident or the claim will not be honored. A list of required documents can be found in your credit card’s Guide to Benefits.
Review your credit card’s insurance policy and familiarize yourself with what is and isn’t covered before you rent a vehicle. Contact your card’s customer service department to clarify anything not clear to you in the Guide to Benefits. Don’t assume you’re covered for every mishap when you pay for a car rental with a credit card that offers rental car insurance, as many exceptions and exclusions may apply.
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