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Great Card, Perfect Company: USAA Rewards American Express® Card Review

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Great Card, Perfect Company - Written by: Finance Globe on 2010-03-06

USAA Rewards American Express® Card
[Card Details]

 
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time




Finance Globe's Card Review:

I applied for this card on-line via a pre-approved offer about 3 years ago. I received a no-preset spending limit and was approved on the spot. My credit scores averaged around 740.

There is no annual fee, and my APR has stayed at a consistent 9% for 3 years!

Rewards are nice. Currently, I get one point per dollar spent. They can be redeemed for merchandise, charity, travel or cash back to your account statement, which in my opinion is the best deal. Merchandise seems to be marked higher than listed on sites like Amazon. So you could get the cash back and then buy it elsewhere for a better price.

Account management is fast and easy, as with all USAA's services. Wonderful product!

 



Comments On This Review: (7 Total)



Comment 1
Comment Title: Re: Great Card, Perfect Company From ColoNative on 2010-03-06

They are the best and our servicemen and women deserve the best.

Great card and flexible rewards!



Comment 2
Comment Title: Re: Great Card, Perfect Company From Kdb030609 on 2010-03-06

USAA is a great bank ! What was your Credit Limit at the time of approval ? Also has the account grown with you ? Have they initiated any CLI's or did you have to ask ?



Comment 3
Comment Title: Re: Great Card, Perfect Company From THOMAS1 on 2010-03-06

I don't think there's a credit limit on this card. No pre-set means no definite revolving line. Similar to Amex itself, spending limit is based on payment history, credit history, and purchase patterns.

If anything like Amex, there is an actual "ceiling" in which you can purchase up to, depending on your history, etc. Anything over that set amount usually has to be approved prior, or over the phone and due immediately.

This is a card for those with excellent credit scores, and clean bureaus.

Excellent bank, like Colo said, our servicemen and women deserve the best.



Comment 4
Comment Title: Re: Great Card, Perfect Company From Wanderer on 2010-03-07

The USAA American Express Card is one card you "don't leave home without it"... It is great to know there are still banks that have great products and help our friends in arms. As a member of USAA I am proud to serve. Congratulations on having this card.



Comment 5
Comment Title: Re: Great Card, Perfect Company From Finance Globe on 2010-03-07

Thanks for your comments everyone. The no preset cap seems to sit at 25,000 but does adjust to spending habits. I don't come close to that, but from my understanding, if I were to make a large purchase exceeding that, I could make a call beforehand to request an on the spot authorization.



Comment 6
Comment Title: Re: Great Card, Perfect Company From Kdb030609 on 2010-03-07

The reason I asked about the limit before. Is my girlfriend has a USAA American Express card with a $3500 limit. She has had it just over a year now. USAA seems like a good company to do business with.



Comment 7
Comment Title: Re: Great Card, Perfect Company From Finance Globe on 2010-03-08

No problem. Make sure she keeps it! I believe my account was approved with a 25,000 limit, but categorized as a no preset limit.

Update: I just noticed that my APR is now 7.75%, not 9%, and rewards are now 1.25 points per dollar spent.


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