The USAA Rate Advantage Visa Platinum is a credit card designed for customers who value reduced interest rates over perks such as rewards or welcome bonuses. With no annual fee and several exemptions, it stands out for offering low interest and balance in purchases, balance transfers, and cash advances. In addition, it includes welcome perks for new cardholders, along with benefits for balance consolidation.
Discover more about this product and everything it can offer you!
Main Benefits and Features
Although it does not provide a rewards program with miles or points, which is common among more modern credit cards, the Rate Advantage Visa Platinum® makes up for it with benefits tailored to travelers and those who shop abroad.
It includes rental car insurance with damage protection, travel accident insurance, coverage for trip cancellation or interruption, baggage delay reimbursement, extended warranty, and travel accident coverage.
On top of that, the card offers fraud protection with zero liability on unauthorized transactions, real-time alerts through the app, 24/7 customer service, and the convenience of adding the card to digital wallets like Apple Pay and Google Pay.
Exclusive Military Advantages
As part of USAA, which serves military members and their families, this card offers unique benefits for those on active duty. Under the Servicemembers Civil Relief Act (SCRA), the APR can be reduced to just 4% annually on balances accumulated before entering active duty, with those terms extending for up to one year after returning to civilian life.
In some cases, interest charges already billed may even be refunded. But depends on the circumstances, such as deployment or receiving certain honors.
Total Cost and Conditions
The Rate Advantage Visa Platinum charges no annual fee and no foreign transaction fees, making it a strong choice for those who shop outside the U.S. The fee for balance transfers or cash advances is typically 5%, varying by transaction type.
Some reports indicate this fee can be as low as 3%, capped at $200, or even waived if the funds are transferred directly to a USAA account. Still, it’s important to check the most up-to-date fees for accuracy.
Meanwhile, the final APR a cardholder receives depends on their credit profile. The annual percentage rate typically ranges from about 12.15% to 26.15%. That way, place it among the most attractive low-interest cards on the market.
Additionally, one of its key highlights is the 0% intro APR on balance transfers, valid for up to 15 months on transfers made within the first 90 days of account opening.
Who Is This Card Best For?
This card is highly recommended for USAA members who carry a balance, face alternative expenses, or frequently use cash advances. Its low APR provides real financial relief. Frequent travelers also benefit from the waived foreign transaction fees and built-in insurance coverage.
Students or new credit applicants will find it a reliable option to build a strong history. Especially with the support of USAA and its military-focused perks.
On the other hand, those seeking rewards or cash back might find more value in other USAA products. Still, its accessibility, particularly with a straightforward online application, makes it a solid entry-level option with low interest and practical benefits.
How to Apply for the USAA Rate Advantage Visa® Platinum
To apply for the card, you must be a USAA member, which includes active-duty military, veterans with honorable discharge, eligible family members, or dependents from military academies.
Applications it’s available online or through the USAA app. Having good to excellent credit (FICO 670+ or VantageScore 661+) is recommended to qualify for the lowest APR available. In some cases, new applicants may also receive targeted offers such as 0% APR on purchases.
Once the application is submitted and approved, customers can start using their credit right away.
Is the USAA Rate Advantage Visa® Platinum Worth It?
If your priority is paying less in interest, this card is a strong choice. It provides low rates, travel protection, and exclusive benefits for military members. However, for those who never carry a balance or mainly seek rewards on everyday spending, other options may offer better overall value.
Overall, the USAA Rate Advantage Visa® Platinum is a reliable choice for members of the military community who prioritize saving on interest and ensuring secure transactions, with the trustworthiness of USAA behind it.
All information in this and other US PIXIN articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
REFERENCES:
Read more about credit cards in https://us.pixin.com.br/category/credit-cards/
