Here's a card that offers you double points on gas and dining—but that's not the same thing as earning 2% cash back. You earn points in USAA's reward program, which can be redeemed in a few different ways.
- Earn 2 points per $1 spent on gas and dining
- Low standard interest rate
- No annual fee or foreign transaction fees
- The value of USAA points is unclear
- Must be a USAA member to apply
- No sign-up bonus
USAA is highly respected by servicemembers and their families for the strong value their financial products offer. The USAA® Rewards™ Visa Signature® Card keeps up that reputation by offering a good interest rate for its members with great credit, though it's not as strong in rewards as other similar credit cards.
Earn Double Points on Dining and Gas
This card offers double points for dining and gas purchases, and 1 point per $1 spent elsewhere. These points can be redeemed for cash back, travel reservations or merchandise, although the points' value is unclear.
Other perks with this card include a concierge service that offers help with travel planning (including information on travel requirements, security and safety considerations, and even can't-miss attractions at your travel destinations), local experts who can help out on-site with various services, and a reminder service. You'll also get travel assistance services, rental car insurance, and travel accident, baggage delay and trip cancellation/interruption insurance.
Low Rates and Fees
The good news is this card charges no annual fee or foreign transaction fees, and there's no penalty interest rate that applies if you accidentally miss a payment. Also attractive is its low standard annual percentage rate (APR) of 11.65% - 27.65%. This means that the most qualified applicants will receive an interest rate of just 11.65%, which is significantly lower than the national average of about 15%.
Know Your Options
This card faces stiff competition from other similar rewards cards, some of which offer sign-up bonuses and up to 2% cash back on all purchases without having to redeem any points. The USAA Rewards™ Visa Signature Card is a rewards card mainly for devotees of USAA who spend a lot on gas and restaurants, are looking for a good interest rate, and don't want to pay annual or foreign transaction fees.