topic Re: Anyone use USAA in Credit Cards

Anyone use USAA

Anonymous — Sat, 11 Aug 2007 20:38:02 GMT

I've got a Prime + 2.9%

They claim to offer Prime Rate to those with excellent credit, does anyone have this rate? I've got scores ranging from 750 - 790 but can't seem to get that kind of love from them.

Re: Anyone use USAA

Anonymous — Sat, 11 Aug 2007 20:59:57 GMT

i cant get approved for anything with USAA right now my scores are in the low 600's

Re: Anyone use USAA

Tuscani — Sun, 12 Aug 2007 15:04:41 GMT

Yes.. USAA is superb. I highly recommend!

Re: Anyone use USAA

smallfry — Sun, 12 Aug 2007 15:20:54 GMT

@Tuscani wrote:
Yes.. USAA is superb. I highly recommend!

New membership qualifications knock me out of the game. I hear mostly great things about this CU. One of the best along with Navy Federal Penfed and Patelco.

Re: Anyone use USAA

Anonymous — Sun, 12 Aug 2007 23:49:27 GMT

Well, the phone call failed but the email I sent got them to drop it from

Prime +2.9 to Prime +1.75

Better but really would like to know what it takes to get to prime

Re: Anyone use USAA

NikJ4 — Thu, 14 Aug 2008 22:57:50 GMT

I do know since working their,,the min score is 630 for products.(

Message Edited by NikJ4 on 08-14-2008 05:57 PM

Re: Anyone use USAA

rubaty — Fri, 15 Aug 2008 05:45:40 GMT

According to their website, the lowest rate you can have on either of their cards is 6.75% which is prime + 1.75. They don't offer a fixed rate only variable.

Re: Anyone use USAA

Anonymous — Fri, 15 Aug 2008 14:06:02 GMT

I have a USAA MC $20K at a variable rate of 5.0% (Prime + 0%). I have had the card since Dec 07. My rate has moved down since that time.

The key - and I think it has been said on this board before is your use of their products - the more you use - the more the doors open for you.

I have checking, savings, cd, car insr, life insr, retirment plan and home insurance. I think that helps.

FICO: Eq: 785; Exp: 747, and Trans: 777.

Re: Anyone use USAA

Anonymous — Fri, 15 Aug 2008 17:26:45 GMT

NikJ4--You work at USAA correct? Can you tell me which bureau you pull for credit cards? I live in SC if that makes a difference...

THANK YOU!!!!!!!!!!

Re: Anyone use USAA

nathan — Fri, 15 Aug 2008 18:11:18 GMT

They just denied me for a usaa amex with a 659 eq. Their reasons are: too many inq (12) over two yrs, accounts too new? and one 5 yrs old collection. I have sent them a recon email to do a manual review and I am still waiting for their reply. Do they ever recon? If i am still denied, i will stick with my penfed 15k, navyfed 15k and 5k. If they think penfed and navyfed are dumb enough to offer me such nice ccs when i had even lower score, to hell with them. I can;t believe they would not even offer me 1k even though i have been a member for 5 yrs.

Re: Anyone use USAA

atlastontheroad — Fri, 15 Aug 2008 18:23:55 GMT

@smallfry wrote:

@Tuscani wrote:
Yes.. USAA is superb. I highly recommend!

New membership qualifications knock me out of the game. I hear mostly great things about this CU. One of the best along with Navy Federal Penfed and Patelco.

USAA isn't a credit union. The banking division is a Federal Savings Bank.

atlast.....USAA member for 20+ years

Re: Anyone use USAA

Anonymous — Fri, 15 Aug 2008 18:24:57 GMT

nathan wrote:
They just denied me for a usaa amex with a 659 eq. Their reasons are: too many inq (12) over two yrs, accounts too new? and one 5 yrs old collection. I have sent them a recon email to do a manual review and I am still waiting for their reply. Do they ever recon? If i am still denied, i will stick with my penfed 15k, navyfed 15k and 5k. If they think penfed and navyfed are dumb enough to offer me such nice ccs when i had even lower score, to hell with them. I can;t believe they would not even offer me 1k even though i have been a member for 5 yrs.

Nathan, they declined my app for the MC with EQ pull due to short history. FICO was around 680. I immediately called and asked if they could pull TU or EX since they have a few accounts EQ doesn't report. They pulled TU. I did not need another card nor really want another new account at that time, but I told the CSR I would like to be able to use the deposit@home feature. She put me on hold and spoke with the underwriter who then approved me for 1k. She told me the Amex was harder to get approved for.

They are great about replying in a timely manner to the emails I have sent but I was trying to get funds deposited to my daughter's account since she was out of town and I sent her with a cancelled credit card. I was trying to save a few dollars and not stress her and her school group out with having to pick up a wire transfer.

Long story short, they DO recon, but would not let me speak directly to the underwriter, so it was a bit of back and forth explaining, but well worth it. They have been excellent to do business with.

Re: Anyone use USAA

Anonymous — Fri, 15 Aug 2008 23:50:20 GMT

USAA seems to offer decent products. I was recently approved for AMEX and MC.

Message Edited by FaircreditguyFL on 08-15-2008 04:50 PM

Re: Anyone use USAA

haulingthescoreup — Fri, 15 Aug 2008 23:59:32 GMT

I'm delighted with them. They offered me a HELOC out of the clear blue and approved it, back when my EQ was 651. When I asked why, they said that it was because they valued my 28 year history with them more than my scores. Approved for $50K (all I asked for.)

Then they advised me to get my score up. Hey, I'm working on it!

Re: Anyone use USAA

Anonymous — Sat, 16 Aug 2008 00:34:02 GMT

Nice!!

Re: Anyone use USAA

NikJ4 — Sat, 16 Aug 2008 02:54:57 GMT

Not sure who they pull but when you call, your profile also tells us if you are pre-approved for anything. I saw the min credit score was 630 but that does not guarantee approval. Just the score that they use to benchmark,

Re: Anyone use USAA

nathan — Sat, 16 Aug 2008 15:19:56 GMT

I spoke to an underwriter from usaa this morning about my cc denial and their excuse is that I already have enough available credit with nayfed and penfed (35k). My utl is 2% and it I wonder if this is normal trend now. First the guy said my acc were too new, and he said any new credit will lower my score, so what? I have only four cc of 36.5k available credit and usaa thinks that is too much? To hell with them.

Re: Anyone use USAA

NikJ4 — Sun, 17 Aug 2008 03:12:31 GMT

well alrighty then Nathan. Arent you a happy camper.

Re: Anyone use USAA

sassyat38 — Sat, 23 Aug 2008 13:00:49 GMT

I rec'd a prime of 5.9%, but can someone explain what that means to me??? Please.

Re: Anyone use USAA

haulingthescoreup — Sat, 23 Aug 2008 14:51:12 GMT

@sassyat38 wrote:

I rec'd a prime of 5.9%, but can someone explain what that means to me??? Please.

Might it be prime PLUS 5.99%? Most CC's these days are variable rate APR instead of fixed. Current prime rate (Wall Street Journal prime rate) is 5%, so prime plus 5.99% would mean a current APR of 10.99%.

Prime rate is easy to follow, you can just google it, plus this is the one that is all over the financial news when they talk about the Fed rate changing, usually followed the next day by the prime rate.