AAA Cashback Visa Signature Card: Is the AAA Member Rewards Card Worth Keeping?

For drivers looking to offset rising gas prices, AAA recently launched an exciting new credit card – the AAA Cashback Visa Signature Card. Offering unlimited 3% cash back on gas stations purchases, this card can help maximize savings whether you have a long commute or love weekend road trips.

In this article, we’ll cover the key benefits of the card, including purchase rewards, signup bonus, additional perks, costs, and approval requirements.

Card Highlight

Earn Unlimited 3% Cash Back on Gas Stations

The highlight of the AAA Cashback Visa Signature Card is the unlimited 3% cash back you’ll earn at gas stations. This is one of the highest gas station rewards rates among cash back cards today. Whether you have a long daily commute or love weekend road trips, maximizing this benefit can add up to serious savings.

You’ll also enjoy bonus category spending at:

2% cash back at grocery stores and wholesale clubs (Costco, Sam’s Club)
1% cash back on all other purchases

There’s no limit on the total cash back you can earn each year.

Valuable Welcome Bonus

New cardholders can earn a $150 statement credit by spending $1,000 on purchases within the first 90 days of account opening. This effectively offsets part of the annual fee.

Great Additional Cardholder Benefits

Beyond its lucrative purchase rewards, the AAA Cashback Visa Signature Card comes with other cardholder perks like:

No foreign transaction fees – Use your card overseas without extra charges
Travel accident insurance – Up to $100k coverage for accidental death or dismemberment
Visa Signature Luxury Hotel Collection – Members-only amenities, upgrades, and discounts at over 900 luxury hotels globally
Visa Signature Concierge – 24/7 personal assistant service for restaurant recommendations, event ticketing, and more
Roadside assistance – Basic towing services up to 10 miles, battery jumps, flat tire changes, fuel delivery, and locksmith services

Low Costs – $95 Annual Fee

Despite its premium Visa Signature status, the AAA Cashback Card has a relatively low $95 annual fee. That’s easily offset from the rewards you can earn in just 1-2 months. There are also no foreign transaction fees.

The purchase and balance transfer APR ranges from 15.24% to 25.24% variable, which is typical for cash back cards. Late payment fees and returned payment fees are capped at $40 maximum each.

Compare to Other AAA Credit Cards

The AAA Cashback Visa Signature Card replaces the now discontinued AAA Member Rewards Visa card. Compared to AAA’s other existing cards like the AAA Travel Rewards Visa, the new Cashback card has higher bonus category caps to earn more rewards faster.

Pros of the New AAA Cashback Card

Lucrative 3% cash back at gas stations with no caps
Good flat-rate rewards for non-bonus purchases
$150 welcome bonus helps offset annual fee
Annual fee only $95
Visa Signature luxury perks for just $95 per year
No foreign transaction fees

Cons to Consider

Cash back must be redeemed at $25 increments
Other cards offer sign-up bonuses worth more than $150
High penalty APR applies to late and returned payments

Great Card to Pair with Your Costco Membership

Because Costco gas stations coded as gas stations for rewards purposes, the 3% cash back from the AAA Cashback Visa Card essentially makes Costco gas 3 cents cheaper per gallon automatically.

Pair that with the 2% rewards at Costco warehouses, and you have the perfect card combo for Costco devotees looking to maximize their membership.

How Does It Compare to Other Top Cash Back Cards?

The AAA Cashback Visa Signature Card can hold its own against cards like the Chase Freedom Flex and Citi Custom Cash Card:

AAA Cashback Card

3% gas stations
2% wholesale clubs
1% everything else
$150 bonus
$95 annual fee

Chase Freedom Flex

5% rotating categories
3% dining & drugstores
1% everything else
$200 bonus
No annual fee

Citi Custom Cash #Card

5% top eligible spend category
1% everything else
$200 bonus
No annual fee

The AAA Cashback Card earns a higher flat-rate return on gas station and wholesale club spending compared to the popular 5% rotating quarterly category cards. Its annual fee is also lower than many other premium travel rewards cards with similar Visa Signature luxury perks.

Is the AAA Member Rewards Card Worth Keeping?

The AAA Member Rewards card can be worth holding onto for certain cardholders. Frequent travelers may still find value in having a flexible rewards card that lets them earn and redeem points for more than just travel purchases.

Keeping the card open also maintains a longer average age of credit accounts on your report, which supports a healthy credit score. However, there are more lucrative rewards cards available if you want to maximize a card rewards strategy.

How to Apply for the AAA Cashback Visa Signature Card

Ready to start earning rewards on the road with AAA’s hottest new cash back card? Submitting an application only takes a few minutes.

Here’s how to apply in 3 simple steps:

Visit the AAA Cashback Credit Card website – You can submit a seamless online application in minutes at AAA.com/creditcard without leaving their site.

Provide information in the application form – You’ll need to enter some basic personal finance details like your name, address, Social Security Number, annual income, and employment info. Double check all info entered is accurate.

Submit your application – After carefully reviewing the provided application details, submit the form for immediate decisioning.

Most applicants receive instant approval or denial based on creditworthiness. If approved, your new card arrives by mail within 7-10 business days.

If you don’t initially qualify due to credit score or history, AAA may make approval recommendations like submitting application with a creditworthy co-signer. There are also other [credit cards tailored for bad credit] worth considering until your score improves.

Conclusion

With gas prices soaring, the new AAA Cashback Visa Signature Card makes perfect sense for frequent drivers. Its unmatched 3% cash back earning potential at gas stations and Costco warehouses can help offset rising fuel costs.

Paired with no caps on bonus category spending and valuable Visa Signature perks, road trippers have a new rewards card option to consider tucking in their glove compartments this year.

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