USAA Announces Discontinuation of Price Protection

Jul 24, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

USAA Visa Signature cardholders will no longer have access to price protection as of August 31. USAA (United Services Automobile Association) offers a small selection of credit cards to members of the military and their families, including children whose parents joined USAA. Although the selection of cards is limited, all of them currently offer price protection and other benefits without an annual fee.

But, Doctor Of Credit reported today — and I was able to confirm via my husband JT’s USAA Rewards Visa Signature Card — that the price-protection benefit is ending. Cardholders have been receiving the following letter:

Specifically, USAA Visa Signature cards will see the following changes in benefits:

  • Auto Rental Collision Damage Waiver — There will no longer be a limit on the value of the car you rent; however, certain restrictions apply. For example, exotic car rentals are excluded.
  • Extended Warranty — The claim maximum has been raised to $15,000 from $10,000.
  • Price Protection — This benefit is being discontinued because cardholders weren’t using it very much.

Two of the three changes are positive, but the one negative change — loss of price protection — means that the list of cards that still offer price protection is growing very short with Citi, Mastercard and Discover all discontinuing their price protection programs recently. USAA notes that the price-protection benefit “is being discontinued due to low usage by cardholders.” But, low usage should make the benefit inexpensive for an issuer to provide.

USAA said the following in an email statement: “The price protection benefit will be discontinued for all of our card products as of August 31, 2019; however, our non-Visa Signature cards will have rental car term coverage expanded from 15 days to 31 days. For all of our card products, there will no longer be a limit on the value of the car rented, with certain restrictions.”

On the plus side, USAA provides online guide to benefits for all of its cards without requiring a log-in, but these guides haven’t yet been updated to reflect the announced changes.

Featured photo by Bloemenmarkt / Getty Images.

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.