USAA Credit Card

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USAA Credit Card Review, Exchange Rates, Fees Calculator & User Score

  • Fees and costs: Good
  • Safety and reliability: Good
  • Customer satisfaction: Good

Advantages

  • No international transaction fees
  • Versatile card offer

Disadvantages

  • Only for people affiliated with US military

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What is USAA Credit Card?

The United Services Automobile Association (USAA) is an American financial services group, which focuses on providing banking and insurance services for people affiliated with the US military and their families. The idea started because many banks refused to provide insurance and credit for military officers because of their high-risk profiles. USAA has prepared different offers based on your needs. You can order a reward or cashback card to get benefits from frequent purchases. There is also a low rate card and various military affiliated credit cards.

How Does USAA Credit Card Work?

There are three main card products: Reward Points, Cashback, Low Rate. Currently, they are yet to be working on products for rebuilding your credit. Therefore, you may need to have at least neutral credit history. One of the additional features is the extensive offer of military card designs. You can easily sign up and order the cards online. There is also a well-developed USAA community, which can offer you basic financial advice. The platform also has a Financial Readiness Score tool, which can help you evaluate your financial capabilities and give you a personalized action plan. They explain that: “you'll receive an action plan to help you identify opportunities and tools to become more financially secure.”

USAA Credit Card Fees and Costs

All of the main credit cards offered by USAA have no monthly or yearly fees, and you can order them for free.

The basic reward card has an APR of 12.15% to 28.15%. For late payments, you can be fined up to $35. There are no additional fees for foreign transactions, and there is a fee of 3% of the amount for balance transfers and cash advance. For each transaction, you earn special reward points, which can be later redeemed for discounts at various partnered companies. You can even exchange them for money and send to your USAA savings account. You get 2,500 bonus points after your first purchase.

Cashback Rewards Plus American Express Card offers you a 1% cashback on all purchases. For grocery purchases up to $3,000 a year, you get 2% cashback, and there is a 5% on your first $3,000 in gas station and military base purchases.

There is also a special low rate credit card, where you can get an APR as low as 9.15% if you have a good credit history.

It’s also worth noting that USAA credit card has no additional fees for foreign transaction and payments made while outside of the US.

USAA Credit Card Limits

The limit is adjusted and can be changed within the account settings while using the card. While it’s not officially stated, based on customers reports, you can get up to $50,000 credit based on your credit history and yearly income.

USAA Credit Card compared to other credit and debit cards

USAA focuses on providing services for people involved with the US military. Therefore, it differs from other banks. However, the offer itself is quite attractive, and you can get very low APRs if you are eligible and always pay on time. As an advantage acts the fact that you can make payments outside the country without any extra fees, which is often available only for special “travel cards” in other banks.

How to use USAA Credit Card?

How to sign up for the card?

All you have to do is register on their online platform and apply for your chosen card. You don’t need to visit the bank’s branch, and you will get your card delivered to you by mail.

Is USAA Credit Card safe and reliable?

USAA is a well established financial group and is registered and regulated with the government’s financial institutions. When it comes to the online platform, they offer additional protection and technological security measures such as biometrics, Quick Logon, CyberCode text, and computer recognition. Moreover, you're not liable for any unauthorized purchases in case your account gets hacked or card is stolen. You can access your account via a mobile app to instantly check how much credit you have.

Final Thoughts

USAA Credit Card Review

While USAA’s services can’t be accessed by everyone, the offer itself is quite attractive. There are different types of credit cards, where you can benefit from rewards and cashback or save money with one of the lowest APR. As an advantage acts the fact that you can make purchases abroad without any additional fees, even with your basic credit card offer. If you or your family members are affiliated with US military, USAA seems like a good option to consider. The online platform is well-designed and properly secured. It is easy to manage your finances through a mobile app.

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