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Rebuilding your credit can be a long road, but there are products designed to help you get back on track. If you’re a military member — or the family member of one — you have access to great financial products through USAA (United Services Automobile Association).
The USAA Rate Advantage Visa® Platinum Card is for those looking to build or rebuild their credit while benefiting from low interest rates and no annual fee. While the card doesn’t come with any rewards or sign-up bonus, it could be your next go-to credit card because of the benefits it offers.
In this USAA Rate Advantage Visa Platinum Card review, we’ll discuss the details and perks of this card.
Low Interest for Military Members
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USAA Rate Advantage Visa® Platinum Card
Current Offer
24/7 online access to USAA customer service
Annual Fee
$0
Who should get this card?
If you’re a member of USAA looking to dip your toes into using a credit card for the first time or restore your damaged credit score, this card could be a great option. Also, if you’re someone who typically carries a balance on your credit cards or uses cash advances, this card will suit you, as the rates are much lower than other cards offered by USAA and other banks.
In addition, this card is for someone who isn’t set on the amount of credit that will be extended to them. Many credit cards state that upon approval you’re guaranteed a certain credit line. With the USAA Rate Advantage Platinum Visa Card, the credit line will be based on your income and debt. So be aware that if you’re looking to make a large purchase with this card, you may not be given the credit line you need.
Card basics
| Card Type | No Annual Fee |
| Annual Fee | $0 |
| Recommended Credit Score | Excellent, Good |
| Foreign Transaction Fee | None |
Top card benefits
- Intro APR: This card offers a 0% intro APR on balance transfers for through 10/01/2025 billing cycle (for transfers that post by 6/30/2024). After that the rate will be 12.15% to 29.15% (variable).
- Low interest: For those looking to build their credit, the USAA Rate Advantage Visa Platinum Card also offers relatively low regular interest rates on purchases, balance transfers, and cash advances. This rate is based on your credit history and market interest rates.
- No foreign transaction fees and no penalty APR: When spending outside of the United States, you won’t incur any foreign transaction fees. Also, there’s no penalty APR (annual percentage rate) if you fall behind on your payments.
- Extended warranty protection: When the manufacturer’s warranty runs out on your purchases, your USAA Rate Advantage Visa Platinum Card could extend your policy for up to one extra year.
- SCRA interest rate benefits: The Servicemembers Civil Relief Act (SCRA) provides active-duty service members a reduced interest rate of 6% on credit card debt incurred prior to active duty. USAA takes that further by offering an even lower rate of 4%.
- No annual fee: There’s no annual fee for this card.
- Rental car protection: With the USAA Rate Advantage Visa Platinum Card, your rental car may qualify for collision damage waiver insurance. This insurance is activated when you purchase the car rental using the card.
Common questions
How long does it take to get approved for the USAA Rate Advantage Visa Platinum Card?
If you’re approved for the USAA Rate Advantage Visa Platinum Card, you’ll be notified instantly.
What's the USAA Rate Advantage credit score requirement?
The recommended credit score to be approved for the USAA Rate Advantage Visa Platinum Credit Card is good or excellent.
How do I pay my USAA credit card?
You can pay your USAA credit card bill online with the USAA account portal or over the phone at 800-531-8722.
Which USAA credit card is best?
Each of the USAA credit cards has its own benefits. However, the USAA Rate Advantage Visa Platinum Card is best for those who aren’t prioritizing credit card rewards but are looking to have a credit card with a lower interest rate to carry a balance.
Do I qualify for a USAA credit card?
To qualify for the USAA credit card, you first need to be a USAA member. The following can qualify for membership with USAA:
- Active duty or former service members (discharged honorably) in the U.S. Air Force, Army, Coast Guard, Marines, Navy, National Guard, or Reserves
- Widows and un-remarried former spouses of USAA members who joined USAA prior to or during the marriage
- Individuals whose parents joined USAA
- Cadets and midshipmen at U.S. service academies in advanced ROTC or on ROTC scholarship
- Officer candidates within 24 months of commissioning
For the best chance of being approved for the USAA Rate Advantage Visa Platinum Card, you’ll need to have a good-to-excellent FICO score of 670 or higher.
Other cards to consider
As the USAA Rate Advantage Visa Platinum Card doesn’t have any sort of rewards system, you may want to consider a card that earns valuable points or cash back. Also, keep in mind that there are credit cards for military members that may suit your financial needs more than the USAA Rate Advantage Visa Platinum Card.
As an alternative, the USAA Preferred Cash Rewards Visa Signature Card is a great option for a USAA member who has established credit and is looking to earn rewards on their purchases. With this card, you’ll get unlimited 1.5% cash back on every purchase, every day. Along with this, you’ll also enjoy rental car protection, no foreign transaction fees, and no annual fee.
The Capital One Quicksilver Cash Rewards Credit Card has great earning potential as a general everyday spending card with no rewards categories to track. You’ll earn 1.5% cash back on every purchase, every day; and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply) as well as the potential to earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. Along with these great earnings, you’ll have 0% intro APR on all purchases for 15 months then the APR goes up to 19.99% - 29.99% (Variable).
Check out our list of the best secured credit cards for more options.
Low Interest for Military Members
USAA Rate Advantage Visa® Platinum Card
Why We Like It
24/7 online access to USAA customer service
See how these cards compare:
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USAA Preferred Cash Rewards Visa Signature Card
- Unlimited 1.5% cash back
- No foreign transaction fees
- Intro APR on purchases
- No annual fee
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Capital One Quicksilver Cash Rewards Credit Card
- Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
- No annual fee
- 0% intro APR for 15 months on purchases and balance transfers, then 19.99% - 29.99% (variable) APR; Balance transfer fee applies
- 1.5% cash back on every purchase, every day
- Rates and fees