web analytics

USAA Preferred Cash Rewards World from Mastercard Review

Facebooktwitterredditlinkedintumblrmail

The USAA Preferred Cash Rewards World from Mastercard has some great benefits for USAA members – for those active, retired, or honorably separated. With the new rollout of many USAA rewards credit cards, it might be difficult and confusing stacking them side by side and choosing the best one for you. In out review of the USAA Preferred Cash Rewards World from Mastercard, we’ll look at all of the benefits and fine print that makes up this USAA reward credit card and see how it stacks up to other, similar cards.

USAA Preferred Cash Rewards World from Mastercard Review

First, the sign up bonus for the USAA Preferred Cash Rewards World from Mastercard is 2,500 points, which are redeemable at the USAA credit card website for all sorts of stuff – from air travel to merchandise, gift cards, and cash back toward your next credit card bill. You can even redeem cash the USAA Preferred Cash Rewards World from Mastercard handy smartphone app. The USAA Preferred Cash Rewards World from Mastercard is also a great rewards credit card for everyday use, since you get 1 point for every dollar you spend on any purchases. There are no rotating or seasonal categories, which may come as a relief and is one less thing to worry about for USAA members. There is also no limit on the amount of points you can earn and your rewards points never expire.

The USAA Preferred Cash Rewards World from Mastercard has an introductory rate of zero APR for the first year. After that, it can jump from 9.99% to 25.90% based on your credit score, although this tends to be less for active and deployed service members. The USAA Preferred Cash Rewards World from Mastercard also has no annual fee, which is another redeeming factor to that potentially high APR. balance transfers will still cost you 3% and a $200 maximum while foreign transactions come with a 1% fee. There is also the standard $35 fee for late payments, however, there is no penalty APR for late payments with the USAA Preferred Cash Rewards World from Mastercard. Cash advance fees are a variable 9.99%, which is a decent feature.

The main thing to note with the USAA Preferred Cash Rewards World from Mastercard is that, for deployed military members, your interest rate will drop to 4%, regardless. That’s a great added perk for those who might be stuck with an abnormally high APR with this card. All in all, the USAA Preferred Cash Rewards World from Mastercard is a decent rewards credit card for everyday use for all USAA members, active retired, and honorably separated, although it is especially handy for deployed service members.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: