Accepted Credit Scores
Fair Credit, Limited History, Bad Credit
USAA® Secured American Express® Card
We're sorry, but the USAA® Secured American Express® Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer. For customer service call: 800-531-8722.
Below you can review the USAA® Secured American Express® Card and find the card's rates and fees according to our latest records, which may be outdated.
Alternatively you can compare the latest credit card offers and save money.
Minimum. Security Deposit:
$250
$250
By:
USAA
Info about the USAA® Secured American Express® Card has been collected by WalletHub to help consumers better compare cards.
The financial institution did not provide the details.
USAA® Secured American Express® Card's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| None |
| ANNUAL FEE
|
| $35 |
| MONTHLY FEE
|
| None |
| REGULAR RATE
|
|---|
| 11.9% - 21.9% (V) |
| GRACE PERIOD
|
| 25 days |
USAA® Secured American Express® Card's Highlights
| Best for members rebuilding or establishing credit |
| It's not a debit or prepaid card |
| Determine your own credit limit ($250 to $5,000) with a security deposit |
| USAA membership is available to active and former military and their eligible family members |
| Special Benefits for Military: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR will apply. This rate will vary with the market based on the prime rate. Special 4% SCRA rate: When you have a balance on your account at the time you enter active military duty, get 4% APR on that existing balance until one year after you complete active duty. |
| Security: Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.You are not liable for unauthorized purchases. Get account balances and transaction history by sending a text message.Access your account on usaa.com or from a mobile device. |
USAA® Secured American Express® Card's Additional Info
| MAX LATE FEE
|
$35 |
|---|---|
| MAX OVERLIMIT FEE
|
None |
| MAX PENALTY APR
|
None |
| FOREIGN TRANSACTION FEE
|
0% |
| SMART CHIP
|
Yes, chip-and-PIN |
-
CASH ADVANCE APR
11.90% - 21.90% (V)
-
CASH ADVANCE FEE
3% (max $200)
- Last updated on 10/2/2020
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about USAA® Secured American Express® Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Can I get my USAA Secured credit card converted to unsecured? Reply 53
JOSEPH BULEBUSH
@joeybule
You cannot have your USAA Secured Card converted to unsecured. However, once you use this card to raise your credit score, you can then go on to apply for one of USAA's unsecured cards. To build your score, use your USAA Secured Card responsibly: keep your credit utilization ratio low and make your monthly payments on time.
5
Upvotes
How do I get a USAA Secured credit card credit limit increase? Reply 107
Theo Frank
@frankth19
USAA no longer offers credit limit increases for the USAA Secured credit card.
I received this email from USAA:
"Thank you for choosing us for your credit card needs. As of mid-October 2018, USAA will start a system enhancement that will require disabling the credit limit increase option for our secured credit cards. At this time, we do not have a date for when the service will be restored; however, you may continue to use your secured credit card ending in xxxx within your current limit.
We apologize for any inconvenience this may cause.
Thank you,
USAA"
10
Upvotes
Do I need credit history to get approval for this card, as I am new to USA do not have credit history? Reply 105
WalletHub
@WalletHub
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.
10
Upvotes
What will the credit line be for a deposit of $250? Reply 56
WalletHub
@WalletHub
Your credit line will be the same as the deposit you made, specifically $250.
5
Upvotes
If I put down $1,000, what can I expect my credit limit to be? Reply 42
WalletHub
@WalletHub
Your credit limit will equal your security deposit – in this case, you are looking at a credit limit of $1,000.
4
Upvotes
Can this card be used to rent a vehicle? Reply 31
MICHAEL BATTLE
@mikebattle
Yes, it is an AmEx card, so you can use it at any merchant or service provider that accepts AmEx. Plus it offers a collision damage waiver so you know you’re protected in case the vehicle is damaged or stolen.
3
Upvotes
Can you pay the USAA Secured credit card deposit with a bank account? Reply 2
Roger Finlist
@finlist_roger
Yes, you can pay the USAA Secured credit card deposit with either a checking or a savings account.
However, the card is currently not available to new applicants.
2
Upvotes
What are the USAA Secured credit card approval requirements? Reply 1
ELIJAH NASH
@EliEliO
You would need to be an eligible member to get a USAA secured card. There isn't a minumum credit score requirement, but to join you must have some form of military service. Or, you must have a parent or spouse who both is a USAA member and has USAA auto or home insurance.
1
Upvote
USAA® Secured American Express® Card Reviews
Share your insights and review the USAA® Secured American Express® Card.
Apr 11, 2019
Easy bank to deal with but card cannot be converted, the CD your money goes into has a terrible interest rate. You can no longer add to your CD. There's also a yearly fee I strongly suggest you get a card elsewhere.
Comment
Dec 12, 2015
One of the great things about this card is that the security deposit you provide is invested into a CD account for you. As long as you're making your payments on time, you'll be getting a great return on this account, in addition to improving your credit. With a low annual fee, I highly recommend this card for those eligible for it.
Apr 16, 2015
first of all let me say that they have a really a low annual fee. My wife and I have had no issues using this card at all. The customer service is nice from what we have had to deal with thus far. If you have USAA at all you will understand how good they are. Everything they have to offer is well worth it!
Mar 23, 2015
I got this card a few years ago from USAA as one of their selected offers. I've been a USAA customer for 29 years now, so it only made sense that I accept any product they offer. They've never treated me wrong. The annual fee is pretty small compared to some other cards I've had in the past, and their customer service is absolutely top notch. No over-limit fees. no monthly transaction fees. And best of all, the initial $250 deposit goes into an interest-bearing CD. I can't say enough about this card, and I will continue to be a USAA customer for years to come.… show more
Mar 16, 2015
First let me say this card is amazing!! The cash advance fee is only 3% and there is no over-limit fee which is great. What also makes this card amazing there is no one time fee and their is no monthly fee. I had this card for about two years no and I love it. Have the annual fee at $35 is great because other companies charge a much high price for quality that is not that great.… show more
Mar 06, 2015
You can get this card as long as you have $250 or more to put into a Certificate of Deposit. You can add more to the CD in order to up your credit limit. This is a great card with good benefits that will help you qualify for an unsecured credit card in the future. The card has an annual fee of $35 and USAA offers benefits such as credit monitoring for card holders.
Feb 03, 2014
I really love the USAA Secured Credit Card. Both I and my husband have one. You pay upfront and then use your money during the following month. Very easy, very transparent. Besides it allows me to built my credit history without taking the traditional credit card. The annual fee is $35 and is very decent compared to other credit cards.
Nov 26, 2013
USAA Secured CC is a great way to rebuild credit. They have a great customer support staff and seamlessly integrate with all other USAA accounts. The APR and annual fees are perfectly reasonable and the card came in the mail in a very short period of time. I would highly recommend most USAA products to anyone that has or is interested in a USAA account. USAA has been the best bank I've ever banked with and they will have my business for a long time to come. Thank you USAA for an awesome service, and for keeping service members priorities at the forefront.… show more
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Last updated on: Oct 2nd, 2020 at 08:11 ET
Related Credit Cards
If you are interested in the USAA® Secured American Express® Card, check out the following credit cards as well:
Related Credit Card Categories
USAA® Secured American Express® Card is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Oct 2nd, 2020 at 08:11 ET