preferred-cash-rewards-mc

Preferred Cash Rewards World MasterCard


The USAA Preferred Cash Rewards® World MasterCard® is great for flexible rewards offering 1.5% cash back on every purchase with no limit on the amount you can earn. Before starting your application, USAA will ask you a few questions to establish your online access and eligibility with USAA.

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Advertiser Disclosure


Variable rates as low as 11.90% APR.


Earn 1.5% cash back on every purchase.


There’s no limit on the amount you can earn.

Review Points

Credit Needed

Applicants should have a credit score of 640 or higher for a better chance of approval, although this is not required to apply. If your credit score is lower you may be offered a Mastercard to help rebuild credit but it will not come with rewards features.

Unlimited Cash Back

Earn unlimited 1.5% cash back on everyday purchases. There’s no limit on the amount you can earn. Cash rebates are credited to your account annually. Cardholders can enjoy variable rates as low as 11.90% APR on purchases, balance transfers and cash advances.

Benefits for Military Members

Special rates are available for military members during deployment or PCS. Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR, currently between 11.90% to 25.90%, will apply. This rate will vary with the market based on the prime rate. When you have a balance on your account at the time you enter active military duty, get 4% APR on that existing balance until one year after you complete active duty.

Pros

If you do not qualify for the Card USAA will likely offer you a different credit card product. USAA wants your business and they offer an excellent customer service team focused on meeting your financial needs.

Cons

Membership is limited to active military, retired military and honorably discharged veterans. If your spouse or parent has served in the military you may also be eligible.

Full Banking Products

Besides credit cards USAA offers free checking accounts, investment products, insurance products along with auto, mortgage and personal loans and much more. They make it convenient by offering customers mobile banking and access to deposits immediately. USAA is dedicated to helping you achieve your financial goals.

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    Summary of Key Benefits:
  • Earn 1.5% cash back on every purchase.
  • Cash rebates are credited to your account annually, and there’s no limit on the amount you can earn.
  • No annual fee and no minimum finance charge.
  • Special rates are available for military members during deployment or PCS. See terms for additional information.
  • If you are not eligible, USAA credit cards and other products may still be available.
The editorial content on this page (including, but not limited to, Pros and Cons) is not provided by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. The credit card offers that appear on this site are from credit card companies from which this site may receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.

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