As part of a limited online pilot program, USAA is offering a credit card with an unlimited 2.5% cash back on all purchases. The USAA Limitless Visa, in addition to offering a generous cash back rebate on purchases, does not charge any annual fee or foreign transaction fees.
Now, there are a number of caveats. First of all, you must be a USAA member to apply for the card. In addition, you must have a USAA Bank checking account with a qualifying direct deposit of at least $1,000 every month. If you do not have a qualifying direct deposit, you’ll earn 1.5% cash back on your purchases instead. And currently, USAA is only making the card available in the following states: AL, AZ, CO, GA, ID, IN, KS, LA, MI, NM, PA, SC, TN and WA. It will become available in additional states at a later date.
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