Before we get too far ahead, this ‘Limitless’ offer is limited to USAA Members in the following states: AL, AZ, CO, GA, ID, IN, KS, LA, MI, NM, PA, SC, TN and WA
If you are not a current USAA Member, here are the requirements:
- Active, retired and honorably separated officers and enlisted personnel of the U.S. military.
- Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).
- Adult children whose eligible parents have or had a USAA auto or property insurance product.*
- Widows and widowers of USAA members who have or had a USAA auto or property insurance policy.
- *Children must be 18 years or older to be eligible for USAA membership and purchase products in their own name. Children under the age of 18 can be listed as family members on their eligible parents’ auto policies.
If you are already a USAA Member, you can log into your account and then click on this link for the 2.5% Limit-less card offer page.
For those who are USAA Members but do not live in an eligible state, hang tight. Here is what USAA stated about this card offer: “It will become available in additional states at a later date.” This is a pilot program and will hopefully be rolled out to all 50 states in the future.
And yes, there is one more stipulation, you must have a checking account and receive a direct deposit: “with a qualifying direct deposit of at least $1,000 every month“. If you don’t have a checking account with a $1,000+ direct deposit, your cashback rate on the Limitless will be just 1.5%. If you were going to receive 1.5% only, I would recommend the Chase Freedom Unlimited card paired with an Ultimate Rewards earning card. (like Chase Sapphire)
This is a Visa Signature card which means it includes the following benefits:
• Roadside Dispatch
• Lost Luggage Reimbursement
• Travel Accident Insurance
• Year-end Summary Statements
• Auto Rental Collision Damage Waiver
• Cardholder Inquiry Service
• Emergency Card Replacement and Emergency Cash Disbursement
• Lost/Stolen Card Reporting
Is 2.5% a good deal?
I would say this is a pretty sweet deal for a no annual fee card. You also get no foreign transaction fees, which may or may not help you out. The Citi Double Cash card gives you 1% back at time of purchase and another 1% after you pay for the purchase. For a straight 2.5% cashback card that is “limitless”, I’d say this is a pretty sweet deal. (even with some hoops to jump through)