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USAA® Rate Advantage Visa Platinum® Card review

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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.

$0

Annual fee

8.4% to 25.4%

Purchase APR (variable)

670

Recommended credit score

Details

Product NameUSAA® Rate Advantage Visa Platinum® Card
Card typeVisa
Annual fee$0
Purchase APR8.4% to 25.4% variable
Balance transfer APR8.4% to 25.4% variable
Balance transfer fee3%
Cash advance rate8.65% to 25.65% variable
Cash advance fee3% of the cash advance amount
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $35
Returned payment feeUp to $35
Additional cardholder fee$0

Expert review

Megan Horner

Review by


Megan Horner is the credit cards publisher at finder.com. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Previously, she edited and published educational articles on credit cards as an assigning editor at Credit Karma.

Expert review

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 8.4% to 25.4% 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 Filter values
Capital One® QuicksilverOne® Cash Rewards Credit Card
N/A
1.5% cash back on all purchases
$39
Get unlimited 1.5% cash back on every purchase with no limit on how much you can earn, and no changing categories.
The Platinum Card® from American Express
60,000 points after spending $5,000 in your first 3 months
5x points on directly-booked flights or on flights and hotels on Amex 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
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
CardMatch™ from creditcards.com
See terms
See terms
See terms
Can't decide on a card? Get personalized credit card offers with CardMatch™.
USAA® Preferred Cash Rewards Visa Signature® Card
N/A
1.5% cash back on all purchases
$0
Earn 1.5% cash back on every purchase with no limits or category restrictions. Pay no annual fee, no penalty APR and no foreign transaction fees.

Compare up to 4 providers

Name Product Purchase APR Balance transfer APR Annual fee Filter values
Blue Cash Everyday® Card from American Express
0% intro for the first 15 months (then 14.49% to 25.49% variable)
0% intro for the first 15 months (then 14.49% to 25.49% variable)
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
CardMatch™ from creditcards.com
See issuer's website
See issuer's website
See terms
Can't decide on a card? Get personalized credit card offers with CardMatch™.
Capital One® VentureOne® Rewards Credit Card
0% intro for the first 12 months (then 13.74%, 19.74% or 23.74% variable)
13.74%, 19.74% or 23.74% variable
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
Blue Cash Preferred® Card from American Express
0% intro for the first 12 months (then 14.49% to 25.49% variable)
0% intro for the first 12 months (then 14.49% to 25.49% variable)
$95
6% cash back at US supermarkets. Rates & fees
American Express Cash Magnet® Card
0% intro for the first 15 months (then 14.49% to 25.49% variable)
0% intro for the first 15 months (then 14.49% to 25.49% variable)
$0
Unlimited 1.5% cash back. Rates & fees

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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