USAA 2.5% Cash Back Credit Card

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
SurferLife
Posts: 227
Joined: Sun Jun 15, 2014 1:57 am

USAA 2.5% Cash Back Credit Card

Post by SurferLife » Thu Oct 13, 2016 8:50 am

I received an email from USAA that says they are offering, to a limited group, a new 2.5% cash back credit card. The fine print makes it appear as though this is a pilot program, and I was wondering if anyone had researched this and compared it to other credit card offers. Ultimately, I'll need to decide if this is better than our $100 annual fee, Chase/United mileage credit card. My gut feeling is that it is, and personally I'd rather get cash back than have to deal with miles.

OnceARunner
Posts: 80
Joined: Wed Apr 23, 2014 1:50 pm

Re: USAA 2.5% Cash Back Credit Card

Post by OnceARunner » Thu Oct 13, 2016 8:59 am

Looks like they are calling it "Limitless".

Here are the basics of the card:

Card earns at the following rates:
2.5% cash back on all purchases if you have a $1,000 monthly direct deposit into your USAA checking account
1.5% cash back on all purchases if you don’t receive the monthly direct deposit
No annual fee
No sign up bonus
Chip & PIN
No foreign transaction fees
You must be a USAA member to apply for the card

This is a pilot program and not available to most USAA members. If you’re eligible you should see it on the mobile application (account overview page) when you’re logged in.

navyasw02
Posts: 208
Joined: Wed Nov 19, 2014 11:38 pm

Re: USAA 2.5% Cash Back Credit Card

Post by navyasw02 » Thu Oct 13, 2016 1:18 pm

Is it a permanent offering or just for a limited time you get those things?

User avatar
sunny_socal
Posts: 1266
Joined: Tue Mar 24, 2015 4:22 pm

Re: USAA 2.5% Cash Back Credit Card

Post by sunny_socal » Thu Oct 13, 2016 1:23 pm

Wow - how do I get it? :shock:

I'm with USAA and meet the other requirements.
Last edited by sunny_socal on Thu Oct 13, 2016 1:23 pm, edited 1 time in total.

SurferLife
Posts: 227
Joined: Sun Jun 15, 2014 1:57 am

Re: USAA 2.5% Cash Back Credit Card

Post by SurferLife » Thu Oct 13, 2016 1:23 pm

navyasw02 wrote:Is it a permanent offering or just for a limited time you get those things?

The email I received said I had until 14 Oct 2016 to accept the credit card offer. As far as I can tell, the 2.5% cash back rebate is a permanent feature of the credit card.

User avatar
sunny_socal
Posts: 1266
Joined: Tue Mar 24, 2015 4:22 pm

Re: USAA 2.5% Cash Back Credit Card

Post by sunny_socal » Thu Oct 13, 2016 1:31 pm

Ugh! I checked the app and the online account, I only have offers for a 1.5% card at the moment (why would anyone want that with 2% and greater being rather common?)

User avatar
sunny_socal
Posts: 1266
Joined: Tue Mar 24, 2015 4:22 pm

Re: USAA 2.5% Cash Back Credit Card

Post by sunny_socal » Thu Oct 13, 2016 1:35 pm

doctorofcredit site had this nugget:

DJordan says:
October 4, 2016 at 9:28 am

Chat with USAA rep informed me that the USAA Limitless Credit Card will be available to all members on October 28th. Currently is only available to selected members.

SurferLife
Posts: 227
Joined: Sun Jun 15, 2014 1:57 am

Re: USAA 2.5% Cash Back Credit Card

Post by SurferLife » Thu Oct 13, 2016 1:35 pm

sunny_socal wrote:Wow - how do I get it? :shock:

I'm with USAA and meet the other requirements.

It seems as though the offer is by invitation only, at least for now. I received an email and I also logged into my USAA app, where it popped up there as well. The credit card is not showing on their website as one of their credit card offerings.

User avatar
sperry8
Posts: 1379
Joined: Sat Mar 29, 2008 9:25 pm
Location: CA, on the way to FL soon

Re: USAA 2.5% Cash Back Credit Card

Post by sperry8 » Thu Oct 13, 2016 6:07 pm

Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused
Certainty is a requirement of ignorance. | Humbling Contest results: | 2016: #121 of 610 | 2015: #18 of 552 | 2014: #225 of 503 | 2013: #383 of 433 | 2012: #366 of 410 | 2011: #113 of 369 | 2010: #53 of 282

SurferLife
Posts: 227
Joined: Sun Jun 15, 2014 1:57 am

Re: USAA 2.5% Cash Back Credit Card

Post by SurferLife » Thu Oct 13, 2016 6:11 pm

sperry8 wrote:Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused

Are you a military retiree?

dbr
Posts: 23755
Joined: Sun Mar 04, 2007 9:50 am

Re: USAA 2.5% Cash Back Credit Card

Post by dbr » Thu Oct 13, 2016 6:26 pm

sperry8 wrote:Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused


A retiree can receive direct deposit of Social Security, pension, and annuity payments and direct deposit of any automatic withdrawals arranged with an investment company. There are probably others. If you are currently receiving checks in the mail for such things direct deposit might be a good idea to prevent stolen or lost checks, issues with change of address, and so on.

In fact it is now ILLEGAL (?!?!) to continue to receive Federal benefits by paper check: https://fiscal.treasury.gov/godirect/

Note: "If you do not comply, the Treasury Department will contact you directly and may send you a Direct Express® card."

User avatar
White Coat Investor
Posts: 12854
Joined: Fri Mar 02, 2007 9:11 pm
Location: Greatest Snow On Earth

Re: USAA 2.5% Cash Back Credit Card

Post by White Coat Investor » Thu Oct 13, 2016 7:02 pm

Cool! I may have a new card!
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

corn18
Posts: 436
Joined: Fri May 22, 2015 6:24 am

Re: USAA 2.5% Cash Back Credit Card

Post by corn18 » Thu Oct 13, 2016 7:19 pm

Hmmm, I didn't make the cut for the early look. Hope it is rolled out to everyone so I can ditch my Citi DoubleCash card that seems to reject every purchase I try to make.

Soon2BXProgrammer
Posts: 266
Joined: Mon Nov 24, 2014 11:30 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Soon2BXProgrammer » Thu Oct 13, 2016 8:05 pm

White Coat Investor wrote:Cool! I may have a new card!


i never thought i was worth it to pay my federal taxes with a 2% cash back card..... at 1.87% fee for pay1040.com....

but at 2.5%... that is .63% cash back. lets just say even for a 100k income person... and owing 10k... that is a 63 dollar dinner for paying taxes with a credit card.

User avatar
White Coat Investor
Posts: 12854
Joined: Fri Mar 02, 2007 9:11 pm
Location: Greatest Snow On Earth

Re: USAA 2.5% Cash Back Credit Card

Post by White Coat Investor » Thu Oct 13, 2016 8:24 pm

Soon2BXProgrammer wrote:
White Coat Investor wrote:Cool! I may have a new card!


i never thought i was worth it to pay my federal taxes with a 2% cash back card..... at 1.87% fee for pay1040.com....

but at 2.5%... that is .63% cash back. lets just say even for a 100k income person... and owing 10k... that is a 63 dollar dinner for paying taxes with a credit card.


Exactly. I actually had trouble using the 1.87% fee guys this quarter and used the 1.99% guys. Hope that doesn't happen again. Either way, it's a heck of a lot more convenient than mailing it in and you still get the float.

BTW, those fees are tax deductible, but subject to the 2% floor. For the right person, that could make a big difference.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

Jonezez
Posts: 109
Joined: Mon Jun 02, 2008 2:31 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Jonezez » Fri Oct 14, 2016 3:11 am

White Coat Investor wrote:
Exactly. I actually had trouble using the 1.87% fee guys this quarter and used the 1.99% guys. Hope that doesn't happen again. Either way, it's a heck of a lot more convenient than mailing it in and you still get the float.

BTW, those fees are tax deductible, but subject to the 2% floor. For the right person, that could make a big difference.


I also had trouble with the 1.87% company but it turns out that if your estimated tax payment is high enough (I don't know the minimum $ amount that triggers this), you actually have to call in and make the payment with a live person on the phone.
Since my tax bill was quite high, it was worth the hassle rather than going with the 1.99% company.

User avatar
White Coat Investor
Posts: 12854
Joined: Fri Mar 02, 2007 9:11 pm
Location: Greatest Snow On Earth

Re: USAA 2.5% Cash Back Credit Card

Post by White Coat Investor » Fri Oct 14, 2016 6:40 am

Jonezez wrote:
White Coat Investor wrote:
Exactly. I actually had trouble using the 1.87% fee guys this quarter and used the 1.99% guys. Hope that doesn't happen again. Either way, it's a heck of a lot more convenient than mailing it in and you still get the float.

BTW, those fees are tax deductible, but subject to the 2% floor. For the right person, that could make a big difference.


I also had trouble with the 1.87% company but it turns out that if your estimated tax payment is high enough (I don't know the minimum $ amount that triggers this), you actually have to call in and make the payment with a live person on the phone.
Since my tax bill was quite high, it was worth the hassle rather than going with the 1.99% company.


Interesting. I had no trouble in June paying the same high amount. Maybe I'll try that in January.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

jjbiv
Posts: 240
Joined: Sun Sep 18, 2011 8:23 pm

Re: USAA 2.5% Cash Back Credit Card

Post by jjbiv » Fri Oct 14, 2016 8:05 am

Bank of America has a 2.625% cash back rate on their travel rewards card if you qualify for platinum preferred honors. You can qualify for this by moving 100k worth of shares to Merril Edge. There are also higher cash back rates available in specific spending categories.

Gemini
Posts: 888
Joined: Sun May 20, 2012 8:10 am

Re: USAA 2.5% Cash Back Credit Card

Post by Gemini » Fri Oct 14, 2016 11:10 am

So I can pay my final tax bill for 2016 with a credit card at pay1040.com and then deduct the 1.87% fee they charge as a business expense? Does that sound right?

mouses
Posts: 2333
Joined: Sat Oct 24, 2015 12:24 am

Re: USAA 2.5% Cash Back Credit Card

Post by mouses » Fri Oct 14, 2016 11:43 am

sperry8 wrote:Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused


You don't get Social Security? I know not everyone does. Plus I think SS went over to just direct deposit awhile ago, I may be wrong.

dbr
Posts: 23755
Joined: Sun Mar 04, 2007 9:50 am

Re: USAA 2.5% Cash Back Credit Card

Post by dbr » Fri Oct 14, 2016 12:09 pm

mouses wrote:
sperry8 wrote:Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused


You don't get Social Security? I know not everyone does. Plus I think SS went over to just direct deposit awhile ago, I may be wrong.


See my post above.

Candor
Posts: 144
Joined: Sat May 28, 2011 4:25 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Candor » Sun Oct 16, 2016 9:26 pm

sunny_socal wrote:doctorofcredit site had this nugget:

DJordan says:
October 4, 2016 at 9:28 am

Chat with USAA rep informed me that the USAA Limitless Credit Card will be available to all members on October 28th. Currently is only available to selected members.


I hope that is correct because this is all news to me as a long time USAA member.

I don't bank with them but I would be willing to deposit $1000 a month into a checking account if that was required to get the 2.5%.

User avatar
oncorhynchus
Posts: 133
Joined: Fri May 23, 2014 2:30 pm

Re: USAA 2.5% Cash Back Credit Card

Post by oncorhynchus » Sun Oct 16, 2016 11:10 pm

sunny_socal wrote:doctorofcredit site had this nugget:

DJordan says:
October 4, 2016 at 9:28 am

Chat with USAA rep informed me that the USAA Limitless Credit Card will be available to all members on October 28th. Currently is only available to selected members.


This might actually delay/prevent my moving my primary checking to Ally...

o
-- Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. --

User avatar
sperry8
Posts: 1379
Joined: Sat Mar 29, 2008 9:25 pm
Location: CA, on the way to FL soon

Re: USAA 2.5% Cash Back Credit Card

Post by sperry8 » Mon Oct 17, 2016 3:55 am

SurferLife wrote:
sperry8 wrote:Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused

Are you a military retiree?


No, my father was in the military and that is how I qualified.

dbr wrote:
sperry8 wrote:Great rate but the direct deposit requirement rules me out. Retirees don't get direct deposit. Why make such a requirement and rule out all retirees? :confused


A retiree can receive direct deposit of Social Security, pension, and annuity payments and direct deposit of any automatic withdrawals arranged with an investment company. There are probably others. If you are currently receiving checks in the mail for such things direct deposit might be a good idea to prevent stolen or lost checks, issues with change of address, and so on.

In fact it is now ILLEGAL (?!?!) to continue to receive Federal benefits by paper check: https://fiscal.treasury.gov/godirect/

Note: "If you do not comply, the Treasury Department will contact you directly and may send you a Direct Express® card."


I do not get social security or pension. I retired before 65 and am not yet eligible. I have no way to get anything directly deposited. Not sure why USAA would want to block me (and others like me) from the cc :confused
Certainty is a requirement of ignorance. | Humbling Contest results: | 2016: #121 of 610 | 2015: #18 of 552 | 2014: #225 of 503 | 2013: #383 of 433 | 2012: #366 of 410 | 2011: #113 of 369 | 2010: #53 of 282

dekecarver
Posts: 199
Joined: Mon Feb 22, 2010 10:24 am

Re: USAA 2.5% Cash Back Credit Card

Post by dekecarver » Mon Oct 17, 2016 5:01 am

I spoke with a USAA rep Saturday and was told 1000 members were selected (rep couldn't tell me how pilot group was selected or what the criteria was) for this card as a pilot program and that potentially the card would be offered out/available ~June 2017 to other members.

soccerdad12
Posts: 348
Joined: Thu Jan 19, 2012 8:52 am

Re: USAA 2.5% Cash Back Credit Card

Post by soccerdad12 » Mon Oct 17, 2016 8:11 am

I just contacted them and they wouldn't let have the card earlier. That is disappointing.

User avatar
sunny_socal
Posts: 1266
Joined: Tue Mar 24, 2015 4:22 pm

Re: USAA 2.5% Cash Back Credit Card

Post by sunny_socal » Mon Oct 17, 2016 9:11 am

dekecarver wrote:I spoke with a USAA rep Saturday and was told 1000 members were selected (rep couldn't tell me how pilot group was selected or what the criteria was) for this card as a pilot program and that potentially the card would be offered out/available ~June 2017 to other members.



Oh well :(

I'll check with them after Oct28 anyway based on the forum post from doctorofcredit.

SGM
Posts: 2393
Joined: Wed Mar 23, 2011 4:46 am

Re: USAA 2.5% Cash Back Credit Card

Post by SGM » Mon Oct 17, 2016 9:35 am

What are the 1.87% fee guys vs. the 1.99% fee guys referring to? Is this a fee for paying your estimated taxes to the IRS via credit cards?

dbr
Posts: 23755
Joined: Sun Mar 04, 2007 9:50 am

Re: USAA 2.5% Cash Back Credit Card

Post by dbr » Mon Oct 17, 2016 9:40 am

SGM wrote:What are the 1.87% fee guys vs. the 1.99% fee guys referring to? Is this a fee for paying your estimated taxes to the IRS via credit cards?


Yes, it is the fee for paying by credit card. It makes such means of payment uneconomical unless it is a path to something like meeting the minimum spend to get 100,000 AMEX points on a new credit card. Even if you use a 2% cash back card it makes no sense because getting cash back does not mean you did not spend the money. Since you can direct debit your checking account at no cost, why not do that?

ChiefIlliniwek
Posts: 94
Joined: Thu Jan 08, 2015 12:40 pm

Re: USAA 2.5% Cash Back Credit Card

Post by ChiefIlliniwek » Mon Oct 17, 2016 9:56 am

dbr wrote:
SGM wrote:What are the 1.87% fee guys vs. the 1.99% fee guys referring to? Is this a fee for paying your estimated taxes to the IRS via credit cards?


Yes, it is the fee for paying by credit card. It makes such means of payment uneconomical unless it is a path to something like meeting the minimum spend to get 100,000 AMEX points on a new credit card. Even if you use a 2% cash back card it makes no sense because getting cash back does not mean you did not spend the money. Since you can direct debit your checking account at no cost, why not do that?


This makes no sense. Lets say you going to pay 1k on taxes. You pay 1,018.7 and get back 20.37 in cash back on a 2% card. So you profit 1.67, which isn't much but you just made some money by paying your taxes. I use a CC anytime the rewards are more than the fee to use it, if there is one. Now you are right if you are doing it for a signup bonus it is much more lucrative.

User avatar
White Coat Investor
Posts: 12854
Joined: Fri Mar 02, 2007 9:11 pm
Location: Greatest Snow On Earth

Re: USAA 2.5% Cash Back Credit Card

Post by White Coat Investor » Fri Nov 11, 2016 3:20 pm

Still in the pilot phase. Supposedly available to everyone "early next year" and they are planning "big exposure" for it, so it sounds like it'll be hard to miss when it is available. They could not get me into the pilot program.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

soccerdad12
Posts: 348
Joined: Thu Jan 19, 2012 8:52 am

Re: USAA 2.5% Cash Back Credit Card

Post by soccerdad12 » Fri Nov 11, 2016 3:43 pm

I called after the original post and tried to get in as well. No luck!

Hulk
Posts: 172
Joined: Mon Oct 12, 2015 1:08 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Hulk » Fri Nov 11, 2016 5:10 pm

Sounds like a great card, Ill look for it next year at the big roll out.

Do you pay taxes on cash back rewards? Just curious. That would actually make it less valuable than my 2% fidelity visa. I think. This is the first year I have had it.

rongos
Posts: 84
Joined: Wed May 04, 2011 8:36 am

Re: USAA 2.5% Cash Back Credit Card

Post by rongos » Fri Nov 11, 2016 5:17 pm

SurferLife wrote:I'll need to decide if this is better than our $100 annual fee, Chase/United mileage credit card. My gut feeling is that it is, and personally I'd rather get cash back than have to deal with miles.
Airline cards are a bad deal for all but the heaviest spenders or those who have special travel situations. Even a 1.5% cash back card is a better deal than airline cards for nearly all average spenders. Promotional sign-up bonuses are worthwile if you cancel the card before the annual fee.

Jags4186
Posts: 1392
Joined: Wed Jun 18, 2014 7:12 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Jags4186 » Fri Nov 11, 2016 6:27 pm

rongos wrote:
SurferLife wrote:I'll need to decide if this is better than our $100 annual fee, Chase/United mileage credit card. My gut feeling is that it is, and personally I'd rather get cash back than have to deal with miles.
Airline cards are a bad deal for all but the heaviest spenders or those who have special travel situations. Even a 1.5% cash back card is a better deal than airline cards for nearly all average spenders. Promotional sign-up bonuses are worthwile if you cancel the card before the annual fee.


2.5% cash back is better than 1 United point per dollar spent. That said, if you find yourself paying baggage fees on United, you should consider that in your calculation as $90 is equivalent to $3600 in spending.

jdilla1107
Posts: 561
Joined: Sun Jun 24, 2012 8:31 pm

Re: USAA 2.5% Cash Back Credit Card

Post by jdilla1107 » Sat Nov 12, 2016 11:06 pm

Hulk wrote:Do you pay taxes on cash back rewards? Just curious.


No, you do not pay taxes. It is considered a reimbursement of fees.

User avatar
Geneyus
Posts: 202
Joined: Fri Jan 01, 2016 11:49 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Geneyus » Sun Nov 13, 2016 9:38 am

Are first responders eligible to sign up with USAA, or only military? I've been curious about their insurance policies.

Even if you can't get the 2.5% cash back card, you can get the Citi "double cash" credit card (2% back on all spending, no yearly fee) and Ally offers 1% back on savings accounts. If the USAA account doesn't give you anything back, you're probably better off with Citi and Ally.

dbr
Posts: 23755
Joined: Sun Mar 04, 2007 9:50 am

Re: USAA 2.5% Cash Back Credit Card

Post by dbr » Sun Nov 13, 2016 9:43 am

Geneyus wrote:Are first responders eligible to sign up with USAA, or only military? I've been curious about their insurance policies.

Even if you can't get the 2.5% cash back card, you can get the Citi "double cash" credit card (2% back on all spending, no yearly fee) and Ally offers 1% back on savings accounts. If the USAA account doesn't give you anything back, you're probably better off with Citi and Ally.


No, the organization serves current military and military veterans and their families. Originally membership was for officer grades only. At one point access was expanded to non-military for some banking services, but this has since been restricted again.

Soon2BXProgrammer
Posts: 266
Joined: Mon Nov 24, 2014 11:30 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Soon2BXProgrammer » Sun Nov 20, 2016 7:59 pm

More states available now:

http://www.doctorofcredit.com/usaa-limi ... -pa-sc-wa/

At the start of November they opened it up to everybody in LA, NM, KS and ID. They have now extended the area it’s available in to include: PA, SC and WA.

randomguy
Posts: 4890
Joined: Wed Sep 17, 2014 9:00 am

Re: USAA 2.5% Cash Back Credit Card

Post by randomguy » Sun Nov 20, 2016 8:06 pm

Jags4186 wrote:
rongos wrote:
SurferLife wrote:I'll need to decide if this is better than our $100 annual fee, Chase/United mileage credit card. My gut feeling is that it is, and personally I'd rather get cash back than have to deal with miles.
Airline cards are a bad deal for all but the heaviest spenders or those who have special travel situations. Even a 1.5% cash back card is a better deal than airline cards for nearly all average spenders. Promotional sign-up bonuses are worthwile if you cancel the card before the annual fee.


2.5% cash back is better than 1 United point per dollar spent. That said, if you find yourself paying baggage fees on United, you should consider that in your calculation as $90 is equivalent to $3600 in spending.


You can own the travel card and pretty much not use it. If you get a couple bags/yr free, the card pays for itself.

User avatar
oncorhynchus
Posts: 133
Joined: Fri May 23, 2014 2:30 pm

Re: USAA 2.5% Cash Back Credit Card

Post by oncorhynchus » Sun Nov 20, 2016 10:35 pm

Soon2BXProgrammer wrote:More states available now:

http://www.doctorofcredit.com/usaa-limi ... -pa-sc-wa/

At the start of November they opened it up to everybody in LA, NM, KS and ID. They have now extended the area it’s available in to include: PA, SC and WA.


C'mon Texas ...

o
-- Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. --

User avatar
sunny_socal
Posts: 1266
Joined: Tue Mar 24, 2015 4:22 pm

Re: USAA 2.5% Cash Back Credit Card

Post by sunny_socal » Tue Jan 10, 2017 9:21 am

Is this card now available in CA? I just visited USAA and after I logged out I noticed a little "Want a card? We have a special offer..." box - I clicked it :wink:

It look me to a very generic questionnaire where I entered my state of residence, my credit score and anticipated monthly spending. And it presented the "2.5% Limitless cash back card - Apply Now!"

I must unfreeze my credit first so I want to be certain this is for real.

EDIT: I just went back into my account and looked at my offers and other available cards, it is not there. But the tab with my 2.5% offer/suggestion is still open. I need to head to work in half and hour, I suspect I'll miss my chance this time :(

User avatar
llama
Posts: 67
Joined: Wed Dec 23, 2015 1:41 pm

Re: USAA 2.5% Cash Back Credit Card

Post by llama » Tue Jan 10, 2017 10:26 am

sunny_socal wrote:Is this card now available in CA? I just visited USAA and after I logged out I noticed a little "Want a card? We have a special offer..." box - I clicked it :wink:


I have this offer, and in the fine print, footnote #1 states "This product is currently available to members residing in the following states: AL, AZ, CO, GA, ID, IN, KS, LA, MI, NM, PA, SC, TN and WA. It will become available in additional states at a later date."

Maybe a later date is now? :happy

I found it at this URL (requires USAA login): https://www.usaa.com/inet/wc/bank_cc_li ... _signature

brokendirtdart
Posts: 60
Joined: Mon Jan 02, 2017 8:27 pm
Location: Slappy & Pappy's eating a burger outside the box

Re: USAA 2.5% Cash Back Credit Card

Post by brokendirtdart » Tue Jan 10, 2017 4:26 pm

Thanks for reviving this thread. I have been periodically checking the USAA site to see if it was available in my state. My state just became eligible and I was able to apply via the iPhone app today at work.

Even with a "active duty credit alert" in my file, it was a painless application and approval. The 2.5% cash back, no FTFs, and USAA CS makes it a good card for me.

Nthomas
Posts: 54
Joined: Fri Jul 15, 2016 8:46 am

Re: USAA 2.5% Cash Back Credit Card

Post by Nthomas » Tue Jan 10, 2017 6:35 pm

Is the cashback redeemable to the dollar level or is it in $25 increments like the AMEX blue cash preferred?

brokendirtdart
Posts: 60
Joined: Mon Jan 02, 2017 8:27 pm
Location: Slappy & Pappy's eating a burger outside the box

Re: USAA 2.5% Cash Back Credit Card

Post by brokendirtdart » Tue Jan 10, 2017 6:55 pm

Nthomas wrote:Is the cashback redeemable to the dollar level or is it in $25 increments like the AMEX blue cash preferred?



While no experience with this exact card, my within the last month experience with another USAA card allowed redemption to the dollar.

User avatar
TF Hutch
Posts: 120
Joined: Sat Sep 12, 2009 12:57 am
Location: Florida

Re: USAA 2.5% Cash Back Credit Card

Post by TF Hutch » Tue Jan 10, 2017 10:16 pm

My AAA MasterCard pays 3% cash back on "qualified" purchases. Pays to the penny to your bank account.
Card cost <$5 to open, gives you a $50 AAA credit
The best Travel card I could find. 8-)
Hutch | A fool and his funds are soon parted! - Thomas Tusser (English Farmer and Writer. 1524-1580)

gwe67
Posts: 120
Joined: Mon Dec 23, 2013 9:52 pm

Re: USAA 2.5% Cash Back Credit Card

Post by gwe67 » Tue Jan 10, 2017 10:25 pm

Are the benefits the same as the 1.5% preferred cash rewards VISA (price protection, rental car insurance, extended warranty, etc.)?
Support this site with a purchase thru Amazon: | http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads

User avatar
Geneyus
Posts: 202
Joined: Fri Jan 01, 2016 11:49 pm

Re: USAA 2.5% Cash Back Credit Card

Post by Geneyus » Wed Jan 11, 2017 7:14 pm

TF Hutch wrote:My AAA MasterCard pays 3% cash back on "qualified" purchases. Pays to the penny to your bank account.
Card cost <$5 to open, gives you a $50 AAA credit
The best Travel card I could find. 8-)


What exactly are "qualified" purchases? The Chase 5% card sounds great, until you see what the rotating categories are. I went back over several months to see what my rewards were with the 5% cash back categories, and I would've gotten a lot more money if I just had 2% back on everything. After seeing that, I went with the Citi DoubleCash credit card (2% back on everything, no exceptions). It's a great card for those who aren't USAA members and can't get the 2.5% card.

b4real
Posts: 101
Joined: Wed Mar 05, 2014 6:19 am

Re: USAA 2.5% Cash Back Credit Card

Post by b4real » Wed Jan 11, 2017 8:38 pm

From the USAA 2.5% Cash Back Credit Card's terms and conditions:
"Qualifying Purchases are the Purchases that post to your Account, less any Purchase credits, returns, or other adjustments that are not payments.

Qualifying Purchases do not include: Balance Transfers, Cash Advances (including Convenience Checks), ATM Cash Disbursements, Money Transfers, Truck Stop Transactions, Gaming Transactions, Finance Charges, Fees, and purchases of other cash equivalents, even if used to purchase goods or services.
Transactions that are not Qualifying Purchases do not earn any Cash Back".

Post Reply