USAA Secured Card ® Platinum Visa®

Picture of USAA Secured Visa
22 Reviews
Consumer Rating:


Apply Here 4.5
Lowest:
480
Average Score:
545
Highest:
614
All
5 Star
59%
4 Star
27%
3 Star
13%
2 Star
0%
1 Star
0%
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Credit Score: 564 Credit Limit: 500 Age: 35-44
Posted 01/18 2017
Overall Rating:
I was trying to rebuild my credit and applied for cards like Capital One and got denied. Then I figured I should just apply for a USAA card since I was a member. I was approved and deposited $500 for my CD. So far everything has been great. I just charge $50 a month on the card and my scores should improve over the next 12 months or so.
 
Credit Score: 554 Credit Limit: 1000 Age: 35-44
Approved 2 years after Bankruptcy
Posted 01/04 2017
Overall Rating:
I filed BK 2 years ago and on hindsight, I should have started my rebuilding process immediately. But it's better late than never. USAA gave me a chance with this card. I put $1000 initially as my deposit and have increased it to $1500. My credit scores have also improved 50 points since then. I only charge about $200 on the card a month and I pay in full.
 
Credit Score: 587 Credit Limit: 1500 Age: 45-54
Posted 12/10 2016
Overall Rating:
This is the card that I am using to rebuild my credit. Everything is great except for one thing. If you make payments that are outside the normal pattern, USAA will put a hold on your account for about 7 days. It happened to me once when I made 3 large purchases. I decided to pay them off immediately after rather than wait for the end of billing cycle and run up my utilization rate. My funds were put on hold for 7 days (even though my checking account is with USAA).
 
Credit Score: 586 Credit Limit: 2000 Age: 45-54
Posted 09/01 2016
Overall Rating:
I was considering getting an unsecured credit card to rebuild my credit. But after a lot of research, I realized that the annual fees were just ridiculous. There was one time fees, annual fees and monthly fees and the rates were like 29%. I decided to go the secured credit card route because you can get your deposit back. In the case of USAA, you actually earn interest (though it is not much). So far, my scores have increase 50 points already and I am very happy.
 
Credit Score: 569 Credit Limit: 2000 Age: 35-44
Posted 08/31 2016
Overall Rating:
I started out with $2000 in deposit with USAA. I like the fact that there is no foreign transaction fees. Went on vacation twice abroad and this card saved me 3% which other card usually charges.
 
Credit Score: 572 Credit Limit: 1500 Age: 45-54
Posted 08/18 2016
Overall Rating:
I started with this card to rebuild. I put $1500 to start and it has stayed that way. My scores were kind of mid 500s. After a year, they have improved to about 620 and I started getting offers for unsecured cards. I applied for a couple and got approved. I have a few months before I reach the end of the 2yr period for the CD. I might apply for a USAA unsecured card and cancel this. It will have served it's purpose.
 
Credit Score: 553 Credit Limit: 250 Age: 35-44
Approved 3 years after Bankruptcy
Posted 06/10 2016
Overall Rating:
Just got approved. Started with $250. Discharged from BK 3 years ago.
 
Credit Score: 570 Credit Limit: 1500 Age: 35-44
Posted 06/07 2016
Overall Rating:
Had this card for 1 year. Started with a $1500 deposit and limit. I spent about $150 on the card every month and paid in full and always on time. After about 14 months, I decided to try my luck and got the USAA classic. I got approved for $3000. I score had risen up to 650 by that time.
 
Credit Score: 610 Credit Limit: 500 Age: 35-44
Posted 05/21 2016
Overall Rating:
Credit took a hit because of medical bills. And I got rejected by both capital one and us bank. Then I decided to try usaa since I have been a member and got approved. Started at $500. Hope to get an unsecured card in 2 years.
 
Credit Score: 614 Credit Limit: 800 Age: 35-44
Posted 04/18 2016
Overall Rating:
Before I got this, I got a Kohl's store card. I was toying with the idea of getting an unsecured visa but the fees were really high for the usual suspects (Credit One, FP etc). So I decided to get a secured card instead and managed to get approved for USAA.
 
Credit Score: 507 Credit Limit: 2000 Age: 35-44
Posted 04/09 2016
Overall Rating:
A couple of months ago, I made a 2 big purchases and after each one, I sent in a cheque to pay it off. This triggered a 7 day hold on my payment and limit. Which was really irritating cos all I wanted to do was pay off my balance.
 
Credit Score: 485 Credit Limit: 500 Age: 25-34
Posted 03/23 2016
Overall Rating:
My credit was real crap (in the 400s) when I decided to give USAA a shot. Got approved and started with a $500 deposit and increased it to $1000. They do report to the 3 bureaus.
 
Credit Score: 520 Credit Limit: 500 Age: 35-44
Approved 2 years after Bankruptcy
Posted 02/22 2016
Overall Rating:
I filed chapter 13 2 years ago and decided to rebuild with USAA since I was a member for a few years. I believe you have to be a full member to get the secured card. I was previously rejected by Capital One (whom everyone says is a sure thing!). They do pay interest (though not much).
 
Credit Score: 515 Credit Limit: 1000 Age: 35-44
Posted 02/14 2016
Overall Rating:
There are a couple of things you should be aware of when you get this card.

1. The card does not graduate to an unsecured card. I found about this shortly after my first year with the card because I was billed the annual fee. I called CSR and they told me that it will not graduate. I would have to cancel after 2 years (when the CD expires). If not, I will continue to roll over. If I withdraw the CD before 2 years, I was told that I would lose 180 days of interest.

2. I had a couple of payment holds on my card for 7 days with no real explanation other than USAA reserves the right to do that.
 
Credit Score: 550 Credit Limit: 1500 Age: 35-44
Posted 12/11 2015
Overall Rating:
I got this card to rebuild. Put $1500 into it. After 4 months, my scores went up 50 points. After 6 months, I was pre-approved for one of USAA's unsecured visa cards. I applied and got approved and then canceled the card before the next annual fee.
 
Credit Score: 486 Credit Limit: 1000 Age: 35-44
Posted 12/08 2015
Overall Rating:
I started off with 2 cards to rebuild my credit. The first was this card. The second was the Navy Federal secured card. I deposited $1000 each.
 
Credit Score: 505 Credit Limit: 500 Age: 35-44
Posted 11/10 2015
Overall Rating:
Just a warning to those getting this card. My payments are put on hold for 7 days even though my checking account is with USAA!
 
Credit Score: 530 Credit Limit: 1200 Age: 25-34
Posted 10/07 2015
Overall Rating:
Giving this a 4 star because it does not graduate. Having said that, my score increased 100 points after 5 months of on-time and full payments!

If I were to do it again, I will perhaps get this card and another card like BOA (which graduates you after one year).
 
Credit Score: 540 Credit Limit: 500 Age: 35-44
Posted 08/22 2015
Overall Rating:
After I got my card, I check with the 3 credit bureaus and found out that USAA reports as unsecured.
 
Credit Score: 550 Credit Limit: 2000 Age: 35-44
Posted 07/16 2015
Overall Rating:
Got my card to rebuild my credit. Also got a Citi secured. So here are a couple of interesting information about this card that is not mentioned often.

1. You need to put your deposit in a CD for 2 years . Think about this if you are considering putting a large amount.

2. You can start small and increase your deposit and credit limit. But, you have to do it right. You have to add funds to both your CD and credit card limit. If you only add funds to the CD the limit does not increase.

3. It reports as unsecured in your credit reports.

4. It does not graduate. But from my experience, you should be able to get unsecured credit cards before the 2 years are up.

hope this helps.
 
Credit Score: 480 Credit Limit: 800 Age: 35-44
Posted 07/15 2015
Overall Rating:
There is something you definitely have to be aware with this card. There was once where I made multiple payments whereas I usually just made one payment a month. USAA detected this as unusual activity and held up my payment for 7 days. Since I used up most of my limit that month (which was why I paid multiple times), I could not use my card for a week!!!
 
Credit Score: 550 Credit Limit: 250 Age: 35-44
Posted 05/04 2015
Overall Rating:
This is really one of the best secured credit cards around. You can start with $250 and increase your limit up to $5000. You can choose to increase your deposit alone or your credit limit as well. The annual fee is reasonable and they report as unsecured.

The only issue I have with this card is that occasionally they might put your payments on hold and they also do not graduate. Other than that, it is a fantastic card.