Unfortunately not. You must be eligible for membership to be able to apply for a USAA a credit card. You can find details on eligibility at: http://bit.ly/1WCFuBu.
A security deposit on a credit card protects the card’s issuer by preventing the user from spending more than he or she can afford to pay back. Since the amount of a credit card’s security deposit usually acts as its credit limit, placing a deposit basically amounts to pre-paying your purchases. This reduces the issuer’s risk and prevents the need for high fees. And given that a credit card’s security deposit is fully refundable, minus any outstanding balances, placing one is usually preferable to paying an annual-, monthly- or application-processing fee. For more information, check out WalletHub’s secured credit card guide: https://wallethub.com/edu/secured-cards/19575/.
Not necessarily. You can also apply for the card if you are a family member of a veteran or a military member.
The minimum credit score required for the USAA Preferred Cash Rewards Visa Signature credit card is 700. Such a score doesn’t guarantee you approval, though, as various other factors are taken into account. But if you’d like to see where you stand, and thus get a rough sense for your odds of approval, you can check your credit score for free on WalletHub: https://wallethub.com/join/ . You’ll get daily updates to your score and full credit report as well as 24/7 credit monitoring. Hope this helps!
You can activate a USAA Credit Card online or over the phone: 210-531-8722. You just need your username and password to do so online or your card’s expiration date and security code for over-the-phone activation. Either way, it should only take a minute or two. And if you choose to activate online, you can do so before your card arrives (7-10 business days after approval). However, you won’t be able to make purchases until you have the physical card.
Just so you know exactly what to expect, we’ll recap what you need to do with each activation method below.
Here’s how to activate a USAA credit card:
The main difference between the two ways to activate a USAA credit card is how long you have to wait for activation. With the online method, you can activate your card as soon as you want, although you’ll still need your physical card to make purchases. Using the phone, you’ll have to wait until your physical credit card arrives to activate it.
The card’s credit limit is based on your creditworthiness. The bank will disclose the credit limit after your application is approved. Please visit the following link to apply online: https://www.usaa.com/inet/pages/bank_cc_usaa_rewards_visa?adid=CJ_creditcardapp35.
The credit card is designed for people with limited credit history. However, please note that in order to be eligible for this card you need to be a military member, veteran or a family member.
A CD credit card is what some people might call a secured credit card that puts your refundable security deposit in an interest-bearing Certificate of Deposit (CD). With most secured cards, your deposit just sits around until you close your account and doesn’t provide any sort of yield, even the tiny amount you could get from a checking or savings account. As a result, it’s a good thing that both USAA secured cards are CD credit cards. You can compare the two offers here: https://wallethub.com/compare/?id=528,2191.
Unfortunately, there is no way to determine exactly what your credit line will be, as issuers do not disclose the possible range and the decision is ultimately highly personalized. Please let us know if you have any other questions.
Depending on the nature of the issue, you could call USAA customer service (800-531-8722) or submit a complaint to the Consumer Financial Protection Bureau ( http://www.consumerfinance.gov/complaint/ ). If it’s a complaint about innacurate information on your credit report, you can find more information about the steps to take here: http://wallethub.com/edu/credit-report-dispute/25501/ . Hope this helps. Please let us know if there is anything else we can do.