USAA offers the limitless credit card giving 2.5% cash back on all purchases when you receive a direct deposit of $1,000 or more. Currently it’s available in the following states:Â AL, AR, AZ, CO, CT, FL, GA, HI, ID, IL, IN, KS, LA, MD, MI, MN, MT, ND, NM, NV, NY, OR, PA, RI, SC, TN, TX and WA. myFICO user YupYup413 was told by a USAA insurance representative that the following changes would be made the week of September 17th:
- Card will be available nationwide
- There will be additional ways to qualify for the 2.5% cash back rate:
- Receive a direct deposit of $1,000 or more (current requirement)
- Receive $2,000 total deposits of any size
- Average daily balance of an unknown amount
- Having insurance and some brokerage products.
Obviously you still need to be eligible for USAA membership to become a cardholder. Apparently partial members in the qualifying states are able to apply for the card as well and I suspect this will be nationwide if these changes are real. I haven’t been able to confirm or deny this information is accurate by USAA was steadily adding states until March of this year so I’d expect them to either open it up nationwide or discontinue the card if it wasn’t making financial sense for them. 2.5% cash back with no annual fee or foreign transaction fee is a game changer and in my opinion the best card in the market for every day spend, I wish more card issuers would offer higher cash back rates with a deposit account relationship. If you want to know more about USAA cards I’d recommend reading this.
