USAA Secured American Express® Credit Card

USAA Secured American Express® Credit Card Review

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This is a secured credit card credit card issued by USAA. If you're wondering whether USAA Secured American Express® Credit Card is the right card for you, read on.

Key Takeaways

• Competitive APRs. USAA Secured American Express® Credit Card has a variable purchase APR that ranges from 11.4% up to 21.4%.
• 3% Balance transfer fee. USAA Secured American Express® Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, price protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of USAA Secured American Express® Credit Card

The Good

The Bad

Potentially lower than average purchase APRs. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty and price protection on purchases. Free access to your credit score. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. Considers applicants with fair credit. No foreign transaction fee. USAA Secured American Express® Credit Card reports to multiple credit bureaus.

Charges an annual fee of $35 Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Charges a 3% balance transfer fee.

USAA Secured American Express® Credit Card FAQ

Does USAA Secured American Express® Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the USAA Secured American Express® Credit Card benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Price Protection
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for USAA Secured American Express® Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

USAA Secured American Express® Credit Card has a variable purchase APR that ranges from 11.4% up to 21.4%. The card has a variable balance transfer APR that ranges from 11.15% up to 21.15%. It also has a variable cash advance APR that ranges from 11.4% up to 21.4%.

What are the fees for USAA Secured American Express® Credit Card?

The following fees apply:

• There is no overlimit fee

USAA Secured American Express® Credit Card Fees

Fees	Amount
Annual Fee	$35
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$35
Late Payment Fee	$35

Does USAA Secured American Express® Credit Card report your account activity to credit bureaus?

Yes, USAA Secured American Express® Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for USAA Secured American Express® Credit Card

• Visit the USAA Secured American Express® Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.