USAA Active Military MasterCard Review

Advertiser Disclosure

USAA recognizes that active members of the military certainly deserve some special benefits in exchange for their sacrifice. They are offering a special USAA Active Military MasterCard that provides specific benefits for those who are active military members.

 

Apply Now: USAA Active Military MasterCard®

 

Benefits

No Annual Fee, Ever!

The USAA Active Military MasterCard offers no annual fee. All of the great benefits offered by this card will be available with no yearly cost.

Low APR on Purchases and Balance Transfers

Enjoy a low APR, as low as 9.90% yearly (up to 25.99%, based on your creditworthiness) if you have good credit. This is a very competitive rate for those who have great credit scores.

Deployment Benefits

Should you be deployed, you can get your APR reduced to as low as 4% for twelve full months, and then it will raise to the previous APR that you were paying, based on your credit. Should you have a balance on your card at the time of deployment, you will only pay 4% interest on that balance during any qualified military campaign.

Interest Rebates

If you owe a balance at the time you are deployed, you will be reimbursed for any interest that accrues while you are deployed.

Choose Your Rewards System

With the USAA Active Military MasterCard, you have a choice regarding how you earn rewards. You can opt to get cash back, and earn up to 1.25% on all of your purchases, or you can opt to build up rewards that can be redeemed for travel discounts, brand name merchandise, gift cards, charitable donations, cash and more! If you opt for the cash rewards program, you will earn a percentage that is based on your annual spending.

For example, if you spend $0-5,000, you will earn 0.45%, but once you reach an annual spending level of greater than $17,000, you will earn cash back rewards of $135 plus 1.25% of all spending over $17,000. Depending on how much you plan to spend annually, you can earn considerable cash back rewards. Opting for the USAA Rewards program is a great option, earning you rewards like $150 toward travel with only 15,000 points, or electronics merchandise rewards with as little as 1,400 points. The redemption process is simple and the rewards are very flexible, accommodating the needs of many.

 

The Nitty Gritty

Just to summarize, the USAA Active Military MasterCard offers no annual fee, and an APR of 9.99-25.99%, based on your credit history. There are specific benefits that are available during deployment periods, including reduced interest rates or interest rebates. Balance transfer fees are 3%, with a maximum fee of $200. Cash advance fees are 3%, but the fees are waived if the cash advance is transferred to a USAA bank account. Late payment fees of $35 apply. Foreign transaction fees are quite low, at only 1%, but these are also reimbursed during any periods of deployment.

 

Conclusion

This card has some great benefits for active military members. When you are surprised by a deployment assignment, you won’t have to worry about how to pay your bills. With no annual fees and a competitive reward system, this card is definitely a great option for military members serving our country proudly. For those outside of the military, or those with terrific credit, there may be other credit card options that are very attractive.

Apply Now: USAA Active Military MasterCard®