Newest USAA Promotions: Best Offers, Coupons and Bonuses August 2020

Find out how much you can save with USAA Bank promotions.

For nearly 100 years, the United Services Automobile Association has provided financial services, insurance and investment products for active and former military members. What started as an agreement between army officers to insure their vehicles is now a diversified group of companies with a net worth above $31 billion as of 2018.

If you qualify for USAA membership, you can take advantage of exclusive products and services with lucrative discounts. A recent GOBankingRates survey found that many Americans miss out on free money from banks. More than 75% of respondents admitted they never researched or compared banks before signing up for an account.

Stop leaving money on the table and check out the latest USAA Bank promotions. Here's what this guide will cover:

USAA Bank Promotions at a Glance

The current USAA promotions are based on credit card bonuses and rate discounts. Here's an overview:

Best USAA Promotions: August 2020
AccountBonusExpiration Date
USAA Rewards American Express Card2,500 bonus pointsNone
USAA Rewards Visa Signature Card2,500 bonus pointsNone
USAA Auto Loan0.50% rate discountNone

Compare: 10 Best Military Banks and Credit Unions of 2020

USAA Bank promotions

Current USAA Bank Promotions

The current USAA promotions give you bonus points for opening a select rewards credit card. There are no current bonuses for checking and savings accounts. Keep reading to learn more.

USAA Rewards American Express Card: 2,500 Bonus Points

With the USAA Rewards American Express credit card you earn up to three times the points on everyday purchases in specific categories. You'll earn three times the points on restaurants and dining, two times the points on groceries and gasoline and one times the points on everything else. Rewards can be redeemed for merchandise, cash back and travel.  You'll get 2,500 points after your first purchase and can redeem the points for cash. Here's how to earn this USAA Bank bonus:

  • Cash value: Varies depending on the type of reward benefit you select when you redeem points
  • Minimum spend to qualify: N/A
  • Expiration date: None
  • How to get it: Apply and get approved for a new USAA Rewards American Express credit card and then use it to make a purchase.
  • When you'll get it: After your first purchase
  • Terms and conditions: Balance transfers, convenience checks and cash advances are not qualifying purchases.
  • Annual fee: None
  • Promotion page: USAA Rewards American Express Card bonus offer

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USAA Rewards Visa Signature Card: 2,500 Bonus Points

Like the USAA American Express card, the Visa Signature credit card lets you earn rewards points for your purchases. You can earn two times the points on dining out and gas and one times the points on all other purchases. The sign-up bonus of 2,500 points puts you closer to your first reward purchase. Here's more:

  • Cash value: Varies depending on the type of reward benefit you select when you redeem points
  • Minimum spend to qualify: N/A
  • Expiration date: None
  • How to get it: Apply and get approved for a new USAA Rewards Visa Signature credit card and then use it to make your first purchase of any amount.
  • When you'll get it: After your first purchase
  • Terms and conditions: Qualifying purchases do not include balance transfers, cash advances or purchases made with convenience checks.
  • Annual fee: None
  • Promotion page: USAA Rewards Visa Signature Card bonus offer

USAA Auto Loan: 0.50% Discount

The USAA Car Buying Service can save members time and money when buying a vehicle. Get the best deal by comparing prices between different dealers and seeing what others in your area paid for similar vehicles. When you use the service to finance the vehicle through USAA, you'll also enjoy a rate discount that saves you money over the length of the loan. USAA coupon codes are not required to earn this discount. Here's how it works:

  • Value: 0.50% interest rate discount
  • Minimum deposit to qualify: None
  • Expiration date: None
  • How to get it: Use the USAA Car Buying Service program to purchase a vehicle and then finance the purchase through USAA.
  • When you'll get it: When you're approved for the car loan
  • Terms and conditions: For USAA members only. Members must qualify for a new or used auto loan. The loan term must be 72 months or less.
  • Promotion page: USAA Auto Loan offer

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How To Open a USAA Bank Account

Before you can open a USAA Bank account you have to become a member. Active duty, honorably discharged and retired members of the military, including National Guard and Reserves, are eligible. Widows, widowers, spouses and children of military personnel are eligible family members.

When applying for membership, you have to provide the following information:

  • Name and date of birth
  • Contact information
  • Social Security number
  • Military service details for you or your family member
  • Passport or permanent resident card for non-U.S. citizens

USAA will recommend products for you and guide you through opening accounts after you're approved as a member.

Also See: How To Join a Military Credit Union Without Joining the Service

Are USAA Bank Promotions Right for You?

USAA Bank offers a variety of financial products, banking services and members-only discounts that can add up to significant savings. Although you won't find any USAA bonuses on checking or savings accounts at the moment, the other membership advantages might be worth further research. You'll need good credit to get approved for a credit card or vehicle loan. If you need to improve your credit score, then the current promotions probably aren't a good fit.

Check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions this month.

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This content is not provided by USAA. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by USAA.

This article has been updated with additional reporting since its original publication.

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