USAA Cashback Rewards Plus American Express^® Card Review [2024]: Rewarding You for Your Service

USAA (United Services Automobile Association) is a Texas-based insurance group that assists military members and their families with insurance and banking products — including credit cards. Founded in 1922, USAA has assisted millions of military families with their financial needs. 

The USAA Cashback Rewards Plus American Express^® Card is a great card for someone who is a USAA member looking to save money on their expenses. With its wide rewards categories, this card can potentially earn you hundreds of dollars in cash back (in the form of statement credits) each year. Along with rental car protection and no foreign transaction fees, this card is worth considering for a spot in your billfold.

In this USAA Cashback Rewards Plus American Express Card review, you’ll learn more about the card’s earning potential and whether or not you may qualify as a USAA member.

Cash Back on Military Bases

USAA Cashback Rewards Plus American Express^® Card

4.0

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

USAA Cashback Rewards Plus American Express^® Card

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Current Offer

Earn 2% cash back on your first $3,000 in grocery purchases every year

Annual Fee

$0

Rewards Rate

5% cash back on gas and at military bases (combined first $3,000 annually), 2% cash back on groceries (first $3,000 annually), and unlimited 1% cash back on all other eligible purchases

Benefits and Drawbacks

Benefits

• Earn 5% points on gas and military base purchases (up to $3,000 annually)
• No foreign transaction fees
• No annual fee
• Terms apply

Drawbacks

• Must meet USAA membership qualifications

Card Details

• Earn 2% cash back on your first $3,000 in grocery purchases every year
• 5% cash back on gas and at military bases (combined first $3,000 annually), 2% cash back on groceries (first $3,000 annually), and unlimited 1% cash back on all other eligible purchases
• Intro balance transfer 0% APR offer: 0% for balance transfers that post to your account by by February 28, 2025 for through the 06/01/2026 billing cycle then 17.15% to 29.15% (variable)

Who should get this card?

The perfect candidate for this card is someone stationed on a military base or who spends a large amount of money on gas — or both. In addition, you must meet USAA’s membership qualifications.

According to USAA, the following people can qualify for membership:

• Active duty or former service members (discharged honorably) in the U.S. Air Force, Army, Coast Guard, Marines, Navy National Guard, and Reserves
• Widows, widowers, and un-remarried former spouses of USAA members who joined USAA prior to or during the marriage
• Individuals whose parents joined USAA
• Cadets and midshipmen at U.S. service academies in advanced ROTC or on ROTC scholarship
• Officer candidates within 24 months of commissioning

With 5% cash back on gas and at military bases (combined first $3,000 annually), 2% cash back on groceries (first $3,000 annually), and unlimited 1% cash back on all other eligible purchases, you can earn a respectable return on your spending. Cash back arrives in the form of a statement credit.

That said, there are more lucrative offers specifically for spending at supermarkets, including the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets (for first $6,000 per year, after that 1%) and on select U.S. streaming services, 3% cash back at U.S. gas stations and on eligible transit, and 1% cash back on other eligible purchases.

Card basics

Top card benefits

• Generous cashback rewards: You’ll earn 5% cash back on gas and at military bases (combined first $3,000 annually), 2% cash back on groceries (first $3,000 annually), and unlimited 1% cash back on all other eligible purchases. When spending on military bases, you’re also saving money since your purchases will be sales tax-free, making your savings even larger. Cash back is in the form of statement credits.
• No foreign transaction fees: When spending abroad, you won’t incur any foreign transaction fees.
• SCRA interest rate benefits: The Servicemembers Civil Relief Act (SCRA) provides active-duty service members a reduced interest rate of 6% on credit card debt incurred prior to active duty. USAA takes that even further by offering an even lower rate of 4%.
• No annual fee: There’s no annual fee for this card.
• Rental car protection: With the USAA Cashback Rewards Plus American Express Card, your rental car may qualify for collision damage waiver insurance. This insurance is activated when you pay for the car rental using the card.

Earning & redeeming

Earning cash back with the USAA Cashback Rewards Plus American Express Card is quite simple. And you can redeem your cashback at any time in $1 increments.

Best ways to earn

Maximizing your redemptions

With the bonus categories of 5% cash back on gas and at military bases (combined first $3,000 annually), 2% cash back on groceries (first $3,000 annually), and unlimited 1% cash back on all other eligible purchases, your maximum redemption after a year of spending in the two higher categories will be $210. This return on spending isn’t all that high, but it could be a great supplemental card in your wallet if you’re frequently spending at gas stations or military bases.

Common questions

Other cards to consider

There are special benefits for military members when it comes to credit cards. Given your access to different benefits than civilians, it’s important that you look at all the details to ensure you select a card that works for you. If the USAA Cashback Rewards Plus American Express Card isn’t right for you, we have other recommendations. Here are a few of the best credit cards for military members and their families to earn valuable cash back or rewards on their purchases.

In addition, you may want to check out the USAA Preferred Cash Rewards Visa Signature Card. This is basically a more flexible version of the USAA Cashback Rewards Plus American Express. With the USAA Preferred Cash Rewards Visa Signature Credit Card, you’ll earn unlimited 1.5% cash back on every purchase, every day. If you’re not spending on base or purchasing a significant amount of gas, this card may fit your overall spending habits better.

The Chase Freedom Flex^® card could also be a great fit. This card doesn’t have an annual fee, and you’ll earn 5% cash back on rotating quarterly categories you activate (on up to $1,500 spent) and travel purchased through Chase Travel℠; 3% cash back on drugstore purchases and dining at restaurants (including takeout and eligible delivery service); and 1% cash back on all other purchases. New members can also earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.  

Cash Back on Military Bases

USAA Cashback Rewards Plus American Express^® Card

4.0

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

USAA Cashback Rewards Plus American Express^® Card

4.0

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

Why We Like It

Earn 2% cash back on your first $3,000 in grocery purchases every year

See how these cards compare:

USAA Preferred Cash Rewards Visa Signature Card

• Unlimited 1.5% cash back
• No foreign transaction fees
• No annual fee

Chase Freedom Flex®

• Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
• Up to 5% cash back on spending
• Perks from Lyft, DoorDash, and more