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

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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
Account Bonus Expiration Date
USAA Rewards American Express Card 2,500 bonus points None
USAA Rewards Visa Signature Card 2,500 bonus points None
USAA Auto Loan 0.50% rate discount None

Best USAA Promotions: August 2020 Account Bonus Expiration Date USAA Rewards American Express Card 2,500 bonus points None USAA Rewards Visa Signature Card 2,500 bonus points None USAA Auto Loan 0.50% rate discount None

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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:

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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:

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:

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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:

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

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.

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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.

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.

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by American Express.