USAA Rate Advantage Visa Platinum card review

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USAA Rate Advantage Card
Image Credit: USAA
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Review Summary: Credit cards can be tough to manage for some military families. Between deployments, moves to a new base and other common military challenges, credit cards might slip to back of mind quickly.

With the USAA Rate Advantage Visa Platinum card, you won’t have much to worry about.

As a Visa Platinum cardholder, you get plenty of value in return. As a military member or military family, you know USAA has your best interests in mind.

If you are in the military or a veteran, you should seriously consider this low-cost card.

Pros

Cons

  • No annual fee or foreign transaction fees
  • Lowest interest rate available from USAA
  • No penalty APR
  • Balance transfer and cash advance fees up to 3%
  • No cash back or travel rewards

How the USAA Rate Advantage Visa Platinum credit card works

Credit card overview

The USAA Rate Advantage Visa Platinum card is a great low-cost card designed primarily for military and veteran families.

It offers the lowest interest rates you can get from a USAA credit card with no annual fee and no foreign transaction fees.

The card is filled with useful benefits, including a special lower Deployment/PCS (Permanent Change of Station) interest rates and SCRA (Servicemembers Civil Relief Act) interest rates exclusively designed for the military.

With no foreign transaction fees and a security chip, you know you can use the card wherever your service takes you and your family can swipe and dip the card with ease on- or off-base.

There is no miles, points, or cash back benefit reward program for this card. It is all about keeping costs and fees low for military members and veterans like you.

Benefits and costs to consider

As long as you keep this card paid off in full every month and avoid balance transfers, cash advances and late or missed payments, you can use this card for free while it builds your credit score.

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The card has no annual fee, no foreign transaction fee, and no penalty APR.

Balance transfers and cash advances cost up to 3% of the transaction total. Late and returned payments cost up to $35 per occurrence.

Additional cardholder benefits

This card gives you access to the USAA mobile app, with leading technologies like alerts, account management, and support for Apple Pay, Google Pay, Samsung Pay, and similar mobile wallets.

Visa Platinum® cards come with additional valuable benefits, including:

  • Free credit score
  • Rental car insurance
  • Travel accident and baggage delay insurance
  • Automatic extended warranty, price protection, and return protection on purchases

These are valuable benefits that should not be underrated.

Rental car insurance may cost you $20 per day alone! On a week-long trip, this credit card could save you $140 on rental car coverage.

While there are some more exciting cards out there for cash back and other rewards, if you are in the military and primarily want to keep your fees and costs low, this is a great option.

The 4% discounted military interest rate while deployed or on active duty brings even more value to the low-cost USAA credit card.

Alternatives to the USAA Rate Advantage Visa Platinum

If you want to get a little more from each swipe, consider the USAA Preferred Cash Rewards Visa Signature or USAA Rewards Visa Signature. For applicants with lower credit scores, the USAA Secured Card® Platinum Visa® may be what you’re looking for.

RELATED: 8 of the best rewards credit cards right now

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