The USAA family of companies provides insurance, banking, investments, retirement products and advice to 11.7 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio.
When it comes to credit cards, USAA’s main focus is helping members make informed choices by providing them with a simple and transparent experience and integrated advice. Every USAA credit card comes with the ability to view and redeem points and cash back at any time on usaa.com and the USAA Mobile App. Points can be redeemed for affinity donations, cash, merchandise, travel, and more. All USAA cards have no foreign transaction fees. USAA also does not charge penalty APRs for late payments or raise interest rates for cash advances. Balance Transfer fees are capped at $200. USAA provides members tools to make the good financial decisions about using credit, such as the Money Manager tool, Emergency Fund goal tool and a free monthly credit score, free annual credit report and credit alerts based on changes in score.
USAA does more than just credit cards. USAA offers free checking. Accounts have no monthly services fees and rebates up to $15 in ATM fees each month. USAA also offers homeowners insurance that protect members from fire, theft, vandalism, and many weather-related events. USAA offers competitive auto insurance rates, but USAA also provides members with special discounts such as safe driver and good student. Other advantages include roadside assistance and 24/7 claim service.
USAA goes beyond regulatory requirements to help service members while they are on active duty. While the mandatory Service members Credit Relief Act (SCRA) rate is 6%, the SCRA rate for USAA members is only 4%. In addition, USAA waives all fees including balance transfer fees and late fees during active duty, including new debt incurred while deployed. USAA goes above the mandates of the act by extending benefits to one year after deployment ends. Members who have a Permanent Change of Station also receive a 4% APR on their credit card for 12 months. Any active military member that had any interest or finance charges accrue while participating in a military campaign is also offered a refund on the extra charges.
Click here to learn more about all that USAA has to offer!
Click here to learn more about what USAA has to offer!