topic Re: USAA Changes in Credit Cards

USAA Changes

Anonymous — Tue, 02 Feb 2016 13:56:14 GMT

On USAA.com website, USAA has removed Mastercards for new applicants and as a surprise, for the AMEX products removed the foreign transaction fee as well (in addition to Visa). I have both a Mastercard/AMEX and I am waiting for my MC to go to Visa and then my AMEX I am hoping the 1% foreign transaction fee gets removed. I called USAA and they said no changes have been made to my accounts yet.

Re: USAA Changes

Gmood1 — Tue, 02 Feb 2016 14:06:55 GMT

I would like to keep my World MasterCard. I'm wondering how long they'll leave them as is?
Visa signatures are a dime a dozen. It's getting tougher to get MasterCards.

Re: USAA Changes

takeshi74 — Tue, 02 Feb 2016 14:52:22 GMT

IIRC the switch to Visa was announced a while back. I was not aware of the FTF removal and will have to see if it gets removed for my USAA AmEx.

@Gmood1 wrote:
I would like to keep my World MasterCard. I'm wondering how long they'll leave them as is?
Visa signatures are a dime a dozen. It's getting tougher to get MasterCards.

Why does the payment network matter? Do you have merchants that only accept MC?

Re: USAA Changes

Anonymous — Tue, 02 Feb 2016 18:09:59 GMT

I'm annoyed that USAA is changing from Mastercard to Visa. It means I'll have to update my sig image.

Re: USAA Changes

UncleB — Tue, 02 Feb 2016 19:28:40 GMT

@Anonymous wrote:
On USAA.com website, USAA has removed Mastercards for new applicants and as a surprise, for the AMEX products removed the foreign transaction fee as well (in addition to Visa). I have both a Mastercard/AMEX and I am waiting for my MC to go to Visa and then my AMEX I am hoping the 1% foreign transaction fee gets removed. I called USAA and they said no changes have been made to my accounts yet.

I noticed this just last night... all the MasterCards are gone except for the 'Affinity' cards.

I have a Visa with them, and am wondering if/when they will remove the FTF for existing card holders. I also wonder if any of us will be offered or given upgrades to Signature status (admittedly it's not good for much, but it would be a nice gesture). Waiving the FTF fee is more than just a 'gesture', though... that's real money!

Re: USAA Changes

Gmood1 — Tue, 02 Feb 2016 21:30:54 GMT

@takeshi74 wrote:
IIRC the switch to Visa was announced a while back. I was not aware of the FTF removal and will have to see if it gets removed for my USAA AmEx.

@Gmood1 wrote:
I would like to keep my World MasterCard. I'm wondering how long they'll leave them as is?
Visa signatures are a dime a dozen. It's getting tougher to get MasterCards.
Why does the payment network matter? Do you have merchants that only accept MC?

I like taking advantage of Plastiq's 1.5 % fee some times. I can't get that discount using a Visa Signature.