USAA Secured Card® American Express® Card
USAA Secured Card® American Express® Card Summary
Best for members rebuilding or establishing credit.
Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
No foreign transaction fees when you travel outside the United States.
Creditnet's Full Review
USAA receives top-notch rankings in customer service each year. If you are eligible for a USAA membership and seeking a credit card to help rebuild your credit profile and improve your credit scores, you should certainly consider the USAA Secured Card® American Express® Card. This is a real credit card, not a prepaid or debit card, which means responsible use can help build or rebuild your credit.
This is a secured credit card, so you'll open a 2-year CD that will serve as your security deposit. This CD is an interest-earning CD, so not only are you able to determine your own credit limit based on how much you put into the CD, but you'll also be growing your money along the way. Your credit limit can be anywhere from $250 to $5,000. As you use your secured credit card wisely and never go over your limit, positive payment history will be reported to the major credit bureaus and you should see improvement in your credit scores. It really is that easy!
Creditnet's Expert Rating & Review
by Joshua Heckathorn on January 20, 2017
The USAA Secured Card® American Express® Card allows users to open a CD and earn interest on their deposits. Cardholders also enjoy no foreign transaction fees when traveling outside the United States, collision damage waiver cover for most rental vehicles, and identity theft resolution services should you become victim of credit card fraud.
Least Favorite Features:
It has a $35 annual fee, and unlike an unsecured credit card, you must have at least $250 in order to open an account and collateralize your credit limit. However, keep in mind that any money you put into the CD will grow with interest.
Our Final Take:
If you're eligible for a USAA membership and looking for a new secured credit card, this is a no brainer decision. USAA is consistently recognized as having superior customer service and excellent credit products, so the USAA Secured Card® American Express® Card could very well be the perfect fit for your wallet. Use it responsibly, make payments on time, and never go over your limit, and your credit scores should benefit greatly over time.
Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.
|Intro APR:||N/A||Credit Required:||average|
|Intro Period:||N/A||Set Up Fee||N/A*|
|Ongoing APR:||10.40% to 20.40% based on your creditworthiness and other factors||Annual Fee||$35.00|
|Transfer Fee:||3% of the amount of each transfer (maximum fee per transfer $200).|
|Advance Fee:||3% of the amount of each cash advance (maximum fee for each convenience check: $200). Fee waived when transferring funds electronically to a USAA deposit account.|
|AMEX does not charge foreign transaction fees|
|Min. Interest Charge:||N/A|
Up to $35
|Over the Credit Limit:||$0|
|Returned Payment:||Up to $35|
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