USAA To Discontinue Limitless (2.5% Cashback) Card, Existing Cardholders To Be Converted

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USAA has sent out an e-mail to Limitless cardholders (2.5% cash back on all purchases) stating that April 26, 2022 it will be converted to the Preferred Cash Rewards card (1.5% cash back on all purchases). Thankfully you’ll earn an additional 1% cash back until December 31, 2022 (meaning 2.5% cash back total)

Effective April 26, 2022, your USAA Limitless Cashback Rewards will automatically be converted to the Preferred Cash Rewards Visa Credit Card. Your new Preferred Cash Rewards Visa Credit Card will earn unlimited 1.5% cash back on every Qualifying Purchase1. We recognize that this product change reduces the amount of cash back you will earn on purchases. To show our appreciation for your loyalty, you will automatically earn an additional 1% cash back, totaling 2.5%, on Qualifying Purchases through December 31, 2022. Additionally, tax payments will no longer be eligible for cash back.

This card was launched in September 2017 and then it was available in less states in October 2017 before being discontinued for new sign ups in January 2018.

 



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