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VFW and USAA To Launch Veterans Reward Card

by . (Posted in: Credit Cards / Personal Finance News)


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This past week, the Veterans of Foreign Wars (VFW) and USAA Bank joined forces to launch a brand new credit card.

The “Veterans of Foreign Wars USAA Rewards World MasterCard” is being offered to 1.6 million Veterans of Foreign Wars members, giving them not only a credit card, but also easy access to USAA investment options.

The new Veterans of Foreign Wars USAA Rewards World MasterCard is being promoted by USAA under the tagline “Your service and sacrifice should be appreciated and rewarded”.

The VFW organization has been in existence since 1899 and has become a respected voice in achieving rights and compensation for war veterans, while USAA are a financial provider with the majority of products and services aimed at military personnel, both active and veteran, and their families, including spouses, dependants and widows.

The Veterans of Foreign Wars USSA Rewards World MasterCard offers cardholders a low annual variable interest rate of between 9.9 percent and 25.9 percent depending on the individual’s credit score and other important factors. This rate applies to purchases, balance transfers and cash advances.

The card carries no annual fee and no penalty interest rate, although balance transfers, foreign transactions and cash advances do carry a small percentage transaction fee. The card carries a 25 day grace period and no interest is charged on purchases which is are paid off in full before the due date of the monthly statement each month. The card also comes with zero liability for fraudulent purchases in the event of the card being lost or stolen.

The newly launched credit card is also a rewards card offering members one point for every dollar in purchase. There is no cap on the number of points that can be earned and no expiration date for when points must be redeemed. Each new account is also awarded 2,500 bonus points on the first purchase made.

There is no charge for redeeming points, which can be redeemed for air travel, with no blackout dates, branded merchandise, gift certificates, charitable donations or even cash. If you have more than one USAA credit or debit card, you can combine the rewards earned on all accounts into a single rewards account to earn points much faster.

Some examples of the rewards available include $300 airline tickets for 30,000 reward points or $125 cash rebate for 15,000 reward points.

For every active card account, which features a VFW branded card design, USSA makes a contribution to VFW, supporting the organization to ensure that veterans are respected for their military service and receive their entitlements.

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2 Responses to 'VFW and USAA To Launch Veterans Reward Card'

  • by Robert on April 13, 2011

    Where can I get the VFW Visa Card?

  • by Robert on April 13, 2011

    When is this card comming out, can you give me a date?

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