The United Services Automobile Association ("USAA") began in the state of Texas. It is now listed on the Fortune 500 as a financial services company providing credit cards, home loans, life insurance, car insurance and contents insurance. The organization exists to serve service personel of the United States Armed Services as well as their families. It has nearly 9 million members. Its annual surplus comes in at just under USD $ 20billion. The organization began in 1922 when a group of people from the United States Army began to self-insure each other because they could not obtain insurance from other insurance companies because there was a high chance that they would acquire basic liabilities through the issuing of policies to men of this type of occupation.
These days, the organization offers services to both present and past members of the armed services as well as their family members. The are a variety of credit cards which the company currently offers. The first is the USAA Cash Rewards visa card which has a minimum APR of 9.9% on purchases, balance transfers and cash advances. There is no annual fee and rebates of up to 1.25% on everyday purchases. You need an excellent credit rating to obtain this card.
Another card offered by this company is the Cash Rewards World Mastercard. It also has a minimum APR rate of 9.9% and no annual fee. This card is very similar to its Visa counterpart except that it is offered by MasterCard rather than Visa. There is also the Rate Advantage MasterCard. This card also has no annual fees and variable rate beginning at 6.9% on purcahses, balance transfers and cash advances. There are also free travel and retail benefits on this card. USAA also has a long history of providing online services and tend to avoid marketing their cards through agents.
The next major card offered by this company is the Reward Visa Card. Its variable rate is 9.9%. Again, there is no annual fee and no minimum finance charge. There are 2,500 bonus points after your first purchase and one point for every dollaryou spend up to the maximum amount you can earn. The points are redeemable for cash, gift card and brand name merchandise. There are a number of travle and retail benefits avaialble with this card. Another Rewards card is the Reward World Mastercard which is very similar to the Visa one offered by USAA. It has very similar conditions to the other Rewards Cards from USAA.