USAA Rate Advantage Visa Platinum

Information verified correct on January 19th, 2017

A Visa card with travel, identity protection, and shopping perks — as well as benefits for military service members.

USAA offers another solid card with its Rate Advantage Visa Platinum, combining travel, identity protection, and shopping benefits with appealing finance add-ons for military service members. The card’s purchase, balance transfer, and cash advance rate can be as low as 7.40% to 24.40% depending on creditworthiness, so it’s highly recommended to apply with an excellent credit score.

Product NameUSAA Rate Advantage Visa Platinum
Intro APR for Balance Transfer3% Intro APR for 12 (with 3% of the transaction amount (maximum fee is $200)% balance transfer fee)
Balance Transfer Rate (not intro)3% of the amount of each transfer (maximum fee per transfer $200).
APR for Purchases ( Purchase Rate )7.40% to 24.40%
Annual fee$0 p.a.
Cash Advance RateSame as purchase APR
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$35
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Minimum Interest$0
Minimum Age18 years of age
Annual fee$0 p.a.
Returned Payment Fee$35
Over The Credit Line Fee$0
Late Payment Fee$35
Cash Advance Fee3% of the transaction amount (maximum fee is $200)
Overseas Cash Advance Fee3% of the transaction amount (maximum fee is $200)
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value

USAA Rate Advantage Visa Platinum review

The Rate Advantage Visa Platinum continues USAA’s line of solid cards for military service members and their family members. Military service members on deployment get a special 4% interest rate on all balances, as well as rebates on all finance charges while on military campaigns. Furthermore, all cardholders will benefit from no annual fees or foreign transaction fees for the card. Finally, the USAA Visa Platinum comes with additional perks like rental car insurance, identity protection services, shopping benefits, and travel insurance.

The card’s purchase, balance transfer, and cash advance APR can sit as low as 7.40% to 24.40%, depending on your creditworthiness. You should aim to carry an excellent credit score when applying for the USAA Rate Advantage Visa Platinum.

Benefits of the USAA Rate Advantage Visa Platinum

  • No annual fee. There’s no annual fee to use the USAA Rate Advantage Visa Platinum card.
  • No foreign transaction fee. You can use your card outside of the United States without accruing any fees.
  • 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.
  • Identity theft and fraud resolution services. You’ll be covered by your card’s identity theft and fraud services, which include reporting to credit bureaus, Internet monitoring, and reimbursement for unauthorized expenses.
  • Shopping benefits with your card. The USAA Rate Advantage Visa Platinum 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.
  • Travel insurance. You’ll be covered for baggage delays and any accidents sustained while traveling.
  • Special benefits for military service members. Military service members on deployment enjoy additional benefits like a 4% interest rate for up to 12 months on all balances and complete rebates on all finance charges while on military campaigns.

Features of the USAA Rate Advantage Visa Platinum

  • No grace period for balance transfers and cash advances. Take note that you’ll accrue interest immediately if you take out a cash advance or initiate a balance transfer.
  • Late and returned payment fees. If you’re paying late for the first time within six billing periods, you’ll be charged a $25 fee; otherwise, you’ll be charged $35. The same structure applies to returned payment fees.
  • Cap on balance transfers. There is a limit to balance transfers, which is 95% of your credit limit.
  • Balance transfer restrictions. Balance transfers from other USAA accounts is not allowed.
  • Balance transfer and cash advance fees. There is a fee of 3% of the transaction amount (maximum fee is $200) when initiating balance transfers and cash advances. For cash advances, however, the fee is waived when you make electronic transfers to USAA accounts.
  • 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.
  • Sliding APR scale. Based on your credit, you could qualify for a purchase, cash, and transfer APR as low as 7.40% to 24.40%.

How to apply for the USAA Rate Advantage Visa Platinum

Eligibility criteria

  • You are a citizen or permanent resident of the United States
  • You are at least 18 years old
  • You are a member of the military, a veteran who was honorably discharged, or an eligible family member of military personnel

Required documents & information

  • Your name, residential status, and residential address
  • Your Social Security number
  • Your email address, phone number, and date of birth
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