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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 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 Rates for USAA Rate Advantage Visa Platinum®?

The USAA Rate Advantage Visa Platinum® charges the same rate for purchases, balance transfers, and cash advances. The rate is 7.90% APR to 24.90% APR, depending on creditworthiness, and the rate will vary with the market based on the prime rate. 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. There is a balance transfer and cash advance fee of 3%, but the maximum fee is $200 per transaction. There is 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 the card 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 signup bonus. 

Does the USAA Rate Advantage Visa Platinum® Have Any Other Benefits?

USAA Rate Advantage Visa Platinum® comes with standard Visa travel, security and retail benefits such as identity theft services, travel accident insurance, extended warranty on purchases and rental car insurance.

The card 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 rates, 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 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.

  • Card Type
    Low APR
  • Customer Type
    Personal
  • Card Network
    Visa
  • Credit Score Range
    660 - 740
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Grace Period / Deferred Interest
    25
  • Late Payment Penalty
    $35
  • Returned Payment Fee
    $35
  • No Annual Fee
  • No Foreign Transaction Fee
  • Car Rental Insurance
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Travel Insurance
  • Balance Computation
    Average daily balance (including new purchases)
  • Purchases APR
    7.9% - 24.9%
  • Transfer Fee
    3%
  • Balance Transfer APR
    7.9% - 24.9%

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Tried for four months to get paper statements. Called many times and even spoke with credit card supervisors. No luck. Transition statements on-line from Master Card to VISA were incomprehensible. Was told paper statements would be sent. Then told electronic statements were being sent. Neither were and only received one after repeated complaints. Find a different bank and a different credit card.


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