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by jenamety
3358 days ago
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thanks for the link! great site i'll have to chekc it out further. http://www.doctorofcredit.com/usaa-limitless-credit-card-rev... from that doctorofcredit.com URL: "This card would be your best option for non-category spend (apart from the Discover it Miles, that offers 3% cash back for the first year). Obviously this is a loss leader for USAA, but they would be trying to make that money back on the checking account that requires the $1,000 direct deposit. Most other financial institutions have used bank account bonuses instead, but Fidelity also loses money on their 2% card but still come out ahead as cardholders have larger Fidelity deposits than non-cardholders. I suspect USAA will need to add some limits to this card to make it sustainable, but the limited membership might make this unnecessary." |
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The Limitless card is pretty much a market test at this point and not an established product.