USAA Rate Advantage Visa Platinum Card review | finder.com

USAA® Rate Advantage Visa Platinum® Card review

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USAA® Rate Advantage Visa Platinum® Card

A low-APR credit card for military personnel and their families.

  • Get this card if you’re affiliated with the military and you want to pay low APR on your balances.
  • Pick something else if you want cash back or an intro APR period.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameUSAA® Rate Advantage Visa Platinum® Card
Card TypeVisa
Annual Fee$0
Purchase APR9.15% to 26.15% variable
Intro Purchase APR

N/A

Balance Transfer APR9.15% to 26.15% variable
Intro Balance Transfer APR

N/A

Balance Transfer Fee3%
Cash Advance Rate9.15% to 26.15% variable
Foreign Transaction FeeNone
Cash Advance Fee3% of the cash advance amount
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $35
Returned Payment FeeUp to $35
Additional Cardholder Fee$0
Minimum Age18 years of age

The basics

Military service members and their family can enjoy this low-APR credit card. Military members can get even lower APR on all balances for a certain period of time during deployment or permanent change of station.

In addition, all cardholders can take advantage of shopping, insurance and identity-protection benefits.

The perks

  • Special benefits for military service members.
    Military service members enjoy a fixed 4% interest rate for up to 12 months on all balances during deployment or permanent change of station. Also, if you have a balance when you enter active duty, your rate drops to 4% fixed on that balance until one year after your active duty ends.
  • Relatively low APR.
    Depending on your creditworthiness, you’ll get an APR of 9.15% to 26.15% variable. This rate applies to purchases, balance transfers and cash advances.
  • No annual fee.
    There’s no annual fee to keep this card.
  • No foreign transaction fee.
    You can use your card outside of the US without accruing any additional fees.

You’ll also like …

  • No penalty APR.
    Your APR won’t increase because a payment fails or you’re late.
  • Mobile wallet.
    Add your card to your smartphone and simplify your payments using Apple Pay, Google Pay or Samsung Pay.
  • Rental car insurance.
    If you rent a vehicle with your card for 15 or fewer consecutive days you can receive rental vehicle insurance covering physical damage and theft.
  • Shopping benefits with your card.
    This card includes price protection and extended warranties on products you purchase. You also get Satisfaction Guarantee Coverage, which allows you to refund payment for products up to $250.

What to watch out for

  • No grace period for balance transfers and cash advances.
    You’ll accrue interest immediately if you take out a cash advance or initiate a balance transfer.
  • No intro APR period.
    The card doesn’t come with an intro APR period on purchases or balance transfers. But some card members report they received offers for an intro APR period that lasts up to 18 months.
  • Only for members of the military and their family members.
    To qualify for the card, you need to be an active military member, a veteran who was honorably discharged or an eligible military family member.

Compare credit cards for military members

Some credit card providers offer perks for military service members and their families. Cards with military benefits often have reduced APRs and waived fees. Low APR cards can also be a good choice for military families that carry a balance.

Name Product Welcome Offer Rewards Annual Fee
60,000 points after spending $5,000 in your first 3 months
5x points on flights booked directly or flights and hotels booked through American Express Travel. 1x points on all other purchases
$550
Get 5x Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5x points on eligible hotels booked on amextravel.com. Rates & fees
50,000 points after spending $4,000 in the first 3 months
3x points on dining and travel after earning your $300 travel credit. 1x points on all other purchases
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
N/A
5% cash back on up to $3,000 in combined annual gas and military base purchases, 2% on up to $3,000 in annual supermarket purchases and 1% on all other purchases
$0
Earn 5% cash back on the first $3,000 in gas and military base purchases annually on these categories combined. Earn 2% on the first $3,000 on supermarket purchases per year. Unlimited 1% cash back on all other purchases.
2,500 bonus points with your first purchase
3x points on dining, 2x points on gas and groceries and 1x points for all other purchases
$0
Earn 3x points on dining, 2x points on gas and groceries and 1x points for all other purchases.
2,500 bonus points with your first purchase
2x points on gas and dining and 1x points on all other purchases
$0
Get 2,500 bonus points with your first purchase. Pay no annual fee, no penalty APR and no foreign transaction fee.

Compare up to 4 providers

Name Product Annual Fee Intro Purchase APR Purchase APR
$550

N/A

None (Charge Card)
Get 5x Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5x points on eligible hotels booked on amextravel.com. Rates & fees
$0
0% for the first 15 months (then 15.24% to 26.24% variable)
15.24% to 26.24% variable
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
$95
0% for the first 12 months (then 15.24% to 26.24% variable)
15.24% to 26.24% variable
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
$0
0% for the first 15 months (then 15.24% to 26.24% variable)
15.24% to 26.24% variable
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & fees
$195

N/A

17.24% variable
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.

Compare up to 4 providers

What should I know before I apply?

To apply for the card, you must be a member of the military, a veteran who was honorably discharged or an eligible family member of military personnel.

You must also be:

  • A US citizen or permanent resident.
  • At least 18 years old.

In your application form, you must provide your:

  • Full name and residential address.
  • Marital status and birthdate.
  • Contact information.
  • Proof of employment and income.

What credit score do I need?

Your chances of approval increase if you apply with good to excellent credit score of 670 or higher.

What do customers say about the USAA® Rate Advantage Visa Platinum® Card?

Some customers complain about slow transaction processing, which they claim can take up to a week to post to your account. Most praise goes to the USAA customer support team, so don’t be afraid to dial in with any questions you may have.

The Better Business Bureau rates USAA credit cards with a B.

How to apply for the USAA® Rate Advantage Visa Platinum® Card

  1. Go to the USAA website and find theUSAA® Rate Advantage Visa Platinum® Card.
  2. Click Log on or Get started.
  3. Sign in to your USAA account and fill out the application form.
  4. Review your application and submit.

I got the card. Now what?

  • Download the USAA Mobile app. Use the app to pay your bills, send money with Zelle, get real-time stock quotes and more.
  • Avoid interest. Your due date is 250 days after the close of each billing cycle. Try to pay your balance when it’s due to avoid paying interest.
  • Customer service. If you have any questions, call 800-531-8722 and a customer service representative will assist you.

Bottom line

If you or your family are affiliated with the military and you’re looking for a low-APR credit card without an annual fee, the USAA® Rate Advantage Visa Platinum® Card could be a good choice.

But if you think there could be a better card for you, check out other low interest rate credit cards and compare your options.

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