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USAA Secured American Express® Card

Consumer Reviews, Fees, Credit Score, Application & Best Alternatives


Updated: Nov 11, 2020
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The USAA Secured Platinum American Express Card is designed to give cardholders the flexibility that they want in a credit card. From savings opportunities and having control over the credit limit to being afforded cardholder benefits similar to a secured card, there are many aspects for cardholders to take advantage of.

ANNUAL FEE:

See Terms*

ONGOING APR:

See Terms (Variable)*

INTRO APR:

N/A

140 User Ratings USAA Secured American Express® Card
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Introductory APR
N/A
Intro APR Period
N/A
Minimum Credit Score
Bad Credit OK*

Key Features


  • American Express concierge service and other exclusive AMEX card benefits
  • GLow APR on purchases, balance transfers, and cash advances
  • No application fee
  • When you apply - you'll also be opening a USAA 2-year Certificate of Deposit, an interest-earning deposit account that has a two-year term and a $250-minimum initial deposit
  • CD lets you get a credit card even if you don't have a credit history or have bad credit
  • Enjoy no foreign transaction fees when you travel outside of the United States.
$ 1 2020-12-02 InStock

Our Take


The USAA Secured Platinum American Express Card is a secured credit card that gives individuals control over their credit account. First, there is a Certificate of Deposit (CD) that the card's security deposit goes into. This is an interest-bearing account, so you are able to save money. The amount you deposit also establishes the credit limit. Whenever you want a credit line increase, you can request one and deposit more money into the CD ...

The USAA Secured Platinum American Express Card is a secured credit card that gives individuals control over their credit account. First, there is a Certificate of Deposit (CD) that the card's security deposit goes into. This is an interest-bearing account, so you are able to save money. The amount you deposit also establishes the credit limit. Whenever you want a credit line increase, you can request one and deposit more money into the CD in order to establish that increase.

There is also a small annual fee in order to maintain the card. This fee is in addition to the low APR and the transaction fees. The transaction fees include the balance transfer fee, cash advance fee, and the foreign transaction fee. Each one of these fees is charged as a small percentage of the transaction amount and the fee is charged per transaction. Balance transfers and cash advances also have their own APRs. Every APR on the card varies with the market, which is based on the Prime Rate, so it will fluctuate over time.

Lastly, there are a number of cardholder benefits that include collision damage waiver coverage on rental cars that pay for physical damage and theft, travel accident insurance, roadside assistance, and concierge service. There are a number of services that are afforded to cardholders. The list is always subject to change, so it is ideal to use online account management to stay on top of policies and to keep track of the specifics of the account.

Alternatives: USAA Secured Platinum Visa® Card, USAA Secured Platinum Mastercard®.


Pros

  • American Express benefits
  • Credit Reporting
  • Secured deposit feature
  • Guaranteed approval
  • No international transaction fees

Cons

  • Annual fee
  • No rewards program

Basic Information

Issuer: USAA Bank
Network: American Express®
Category: Consumer (Secured)
Common Uses:
  • Cards for Bad Credit
  • Low Interest Cards
  • Guaranteed Approval
  • Military Credit Cards
Rewards: No
 

Rates & Fees

Introductory APR (%): N/A
Applied Towards: N/A
Intro Period: N/A
Regular APR: See Terms
Regular APR Type: Variable*
Annual Fee: See Terms*
Balance Transfer: See Terms*
APR on Cash Advances: N/A
Grace Period: 25 days*
Late Payment Fee: Up to $35*
 

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Additional Info & Comments

* - Credit Needed: No Score, Poor - below 660 & Fair 660-699 (Check Your Credit Score)



Non-Affiliate Offer Disclosure
*The information provided for USAA Secured American Express® Card is believed to be accurate at the time of evaluation and has been collected independently by Market Pro Secure®. The card issuer did not provide the details, nor it is responsible for their accuracy.
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USAA Secured American Express® Card Reviews - (2 User Reviews)

Share your experience and review the USAA Secured American Express® Card
(Excellent)
October 26, 2020
Income on Application
$82000
Credit Score
Needs Work (300-579)
Credit Limit
$200
File for Bankruptcy
No
need it to build credit
I want this card to build my credit.
Fees & Charges:
4/5
Features & Benefits:
5/5
Customer Support:
4/5
Application Process:
4/5
Comment (0)

(Good)
July 15, 2020
Income on Application
$50000
Credit Score
Fair (580-669)
Credit Limit
$250
File for Bankruptcy
No
I Like it
Like the AMEX branding
Fees & Charges:
4/5
Features & Benefits:
4/5
Customer Support:
5/5
Application Process:
4/5
Comment (0)