USAA Credit Card 101
When it comes to choosing a credit card, it’s imperative that you choose a credit card that will benefit you overall. With the average credit card debt totaling $5,700, the credit card you choose can easily make or break you.
Many budget-conscious individuals understand how credit cards can affect them. However, they also recognize credit cards are important to their budget. With this in mind, they are selective about which credit card they choose, and, of those who qualify, USAA’s credit card is a surefire leader within the industry.
USAA is short for the United Services Automobile Association. It is a diversified financial company based in San Antonio, Texas that offers a host of financial products to our military and …show more content…
USAA many credit cards backed by major credit card issuers like Visa, American Express, and MasterCard. These cards can be used anywhere merchants accept Visa or American Express. The following are some of the benefits USAA cardholders get when they have one of these cards in their wallets.
Low interest rates. USAA notoriously offers their cardholders low interest rates; it’s one of the reasons why many people have at least one of their cards. With a low interest rate, cardholders can easily pay down their balances, even if they carry a balance from month to month.
Higher credit lines. USAA base their credit line decision on an individual’s credit history like many other financial institutions; however, they are still generous when it comes to credit lines.
Transfer your balance. If you have a credit card with a higher balance than your USAA credit card, then you can easily transfer your balance to the USAA credit card and start saving money.
There is a credit card for everyone. All too often, people who have less than stellar credit are denied credit cards. Fortunately, USAA has a credit card product for everyone. If you have a less than stellar credit history, you should consider owning their secured credit card. With excellent management, you may be able to convert it to a traditional credit …show more content…
After all, the more you know about your credit card, the better you are at managing it.
It’s exclusive to military members and their family members. Unfortunately, everyone isn’t eligible to apply for the USAA credit card. The bank’s products and services are exclusive to their customers.
No interest rate introductory period. An interest rate introductory period is one way credit card issuers entice would-be credit cardholders to apply for their card because it allows them to save money. Unfortunately, USAA doesn’t offer an introductory period.
The sign-up reward is low. Typically, credit card issuers offer sign-up rewards that lean heavily in the applicant’s favor. Unfortunately, USAA’s sign-up bonus is valued at $25.
They charge a foreign transaction fee. USAA’s credit card caters to military families. Of course, these families are required to travel abroad. People who are stationed overseas and use their USAA credit card are charged a foreign transaction fee for doing so.
All and all, the benefits of having a USAA credit card outweighs the drawbacks for many
When it comes to choosing a credit card, it’s imperative that you choose a credit card that will benefit you overall. With the average credit card debt totaling $5,700, the credit card you choose can easily make or break you.
Many budget-conscious individuals understand how credit cards can affect them. However, they also recognize credit cards are important to their budget. With this in mind, they are selective about which credit card they choose, and, of those who qualify, USAA’s credit card is a surefire leader within the industry.
USAA is short for the United Services Automobile Association. It is a diversified financial company based in San Antonio, Texas that offers a host of financial products to our military and …show more content…
USAA many credit cards backed by major credit card issuers like Visa, American Express, and MasterCard. These cards can be used anywhere merchants accept Visa or American Express. The following are some of the benefits USAA cardholders get when they have one of these cards in their wallets.
Low interest rates. USAA notoriously offers their cardholders low interest rates; it’s one of the reasons why many people have at least one of their cards. With a low interest rate, cardholders can easily pay down their balances, even if they carry a balance from month to month.
Higher credit lines. USAA base their credit line decision on an individual’s credit history like many other financial institutions; however, they are still generous when it comes to credit lines.
Transfer your balance. If you have a credit card with a higher balance than your USAA credit card, then you can easily transfer your balance to the USAA credit card and start saving money.
There is a credit card for everyone. All too often, people who have less than stellar credit are denied credit cards. Fortunately, USAA has a credit card product for everyone. If you have a less than stellar credit history, you should consider owning their secured credit card. With excellent management, you may be able to convert it to a traditional credit …show more content…
After all, the more you know about your credit card, the better you are at managing it.
It’s exclusive to military members and their family members. Unfortunately, everyone isn’t eligible to apply for the USAA credit card. The bank’s products and services are exclusive to their customers.
No interest rate introductory period. An interest rate introductory period is one way credit card issuers entice would-be credit cardholders to apply for their card because it allows them to save money. Unfortunately, USAA doesn’t offer an introductory period.
The sign-up reward is low. Typically, credit card issuers offer sign-up rewards that lean heavily in the applicant’s favor. Unfortunately, USAA’s sign-up bonus is valued at $25.
They charge a foreign transaction fee. USAA’s credit card caters to military families. Of course, these families are required to travel abroad. People who are stationed overseas and use their USAA credit card are charged a foreign transaction fee for doing so.
All and all, the benefits of having a USAA credit card outweighs the drawbacks for many