USAA Preferred Cash Rewards
By Alex Compton · Last verified
USAA's simple 1.5% card finally comes with a real welcome bonus.
Welcome Bonus
$250
≈$250 value
Spend Requirement
$1,000
in 3 months
Annual Fee
$0
No FTF
Credit Score
670+
(Good)
Current offer note: $250 cash back
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Apply now or wait?
Apply nowThis is the best public offer this card has ever had. In 3 tracked offers going back to 2024, nothing has beaten $250.
Current offer
$250
All-time high
$250
Typical offer
$225
In place since
June 2026
Last verified 2026-06-10 · spot an outdated offer? Tell us in the comments.
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Earning Rates
- 1.5xAll purchases
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦No foreign transaction fees
- ✦Auto rental collision damage waiver
- ✦Military-specific APR protections beyond SCRA minimums
Why it earns its spot
- +$250 on $1,000 spend is one of the easiest bonuses anywhere
- +No FTF and solid travel protections for a free card
Where it costs you
- −USAA membership limited to military, veterans and eligible family
- −1.5% trails the 2% flat-rate leaders
- −USAA's rewards lineup is thin beyond this card
The Compound Verdict
Grab it for the bonus math: $250 back on $1,000 of spending is a 25% return, about the best ratio on the market. As a long-term earner 1.5% is mediocre, so pair it with or replace it by a 2% card once the bonus posts.
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