Who is USAA Rate Advantage Visa Platinum Designed For?
The USAA Rate Advantage Visa Platinum is designed for people who are affiliated with the military and are looking for a no-frills credit card with rock bottom interest rates. Members must either be an active (or retired) member of the U.S. military or be related to military personnel to become a USAA member.
What are the Interest Rates for USAA Rate Advantage Visa Platinum?
The USAA Rate Advantage Visa Platinum charges the same interest rate for purchases, balance transfers, and cash advances. Based on members' creditworthiness the APR ranges from 7.40% to 24.40%. There is no introductory rate but all service members receive a 4% APR on all balances for up to 12 months during deployment.
What Are the Fees for USAA Rate Advantage Visa Platinum?
The American Express USAA Rewards does not have an annual fee. It does charge a balance transfer and cash advance fee of 3%, but the maximum fee is $200. It has no foreign transaction fee. Late payments and returned payments have a $35 fee.
What Is USAA Rate Advantage Visa Platinum' Rewards Program Like?
The USAA Rate Advantage Visa Platinum has no rewards program, but it does provide users valuable benefits (see below)
What about the USAA Rate Advantage Visa Platinum Signup Bonus?
USAA Rate Advantage Visa Platinum doesn’t have a rewards program, so it doesn’t have a signup bonus either.
Does the USAA Rate Advantage Visa Platinum Have Any Other Benefits?
The USAA Cash Rewards American Express comes with the standard American Express travel, security and travel benefits, such as identity theft services, travel accident insurance, extended warranty on purchases and rental car insurance.
It also gives special benefits to the military, such as a rebate of all finance charges while a member is serving in a qualified military campaign and provides practical assistance during and after the deployment.
How Is USAA Rate Advantage Visa Platinum Better Than Other Credit Cards?
The USAA Rate Advantage Visa Platinum has low-interest rates (as low as 7.15% APR), no annual fee, no penalty rates, and no foreign transaction fees. If you don’t care about earning cash back or reward points, and you’re looking for a card with low interest rates and generous benefits (collision damage waiver, identity theft insurance, extended warranty), this is a credit card to consider. The card is restricted to people related to the military, but the requirements are open enough to allow many people to qualify through relatives.