topic Re: And How does a USAA World Mastercard Report?t in Credit Cards

And How does a USAA World Mastercard Report?

Duke-of-Earl — Mon, 06 Sep 2010 04:29:05 GMT

A couple of recent posts about Citibank cards being "upgraded" (heads up!) to World Mastercards lead me to ask about the USAA World Mastercard. I was thinking about applying for one. Yeah, I know I said in other threads here that I wasn't planning to apply for new credit for a while, but after the mortgage two weeks ago, and before the new car coming up in 6-9 months (hopefully not required sooner!), this seems like a good opportunity, and a new CC seems like small change.

USAA's website implies there is a CL, at least (unlike my AmEx green charge card; had enough of that nonsense). Does anyone know whether USAA reports the CL (to all CRAs)?

Re: And How does a USAA World Mastercard Report?

haulingthescoreup — Mon, 06 Sep 2010 04:47:07 GMT

It absolutely does. Mine reports the CL ($27K), and it's included in util. At any rate, my total reported CL's on my EQ and TU reports indicate that the CL is being used, rather than the highest-ever balance, which would make the total CL lower. (EX doesn't supply useful info like total CL.) And the CSR confirmed this, repeatedly and patiently, when I anxiously asked.

Here's how it looks on a full EQ report. The others look similar:

Re: And How does a USAA World Mastercard Report?

CrdtLrnr — Mon, 06 Sep 2010 04:48:21 GMT

I have a USAA World MasterCard. USAA reports to all three CRAs and includes the CL.

Re: And How does a USAA World Mastercard Report?

Duke-of-Earl — Mon, 06 Sep 2010 04:54:25 GMT

[Re: haulingthescoreup]

Excellent, that's what I was hoping to hear. Thanks.

Don't think I've ever seen a Type of Loan: "Flexible Spending Credit Card" before. Do you know what that means?

Re: And How does a USAA World Mastercard Report?

haulingthescoreup — Mon, 06 Sep 2010 05:03:51 GMT

@Duke-of-Earl wrote:
[Re: haulingthescoreup]

Excellent, that's what I was hoping to hear. Thanks.

Don't think I've ever seen a Type of Loan: "Flexible Spending Credit Card" before. Do you know what that means?

That's the World/ Signature designation. You're allowed to go over your credit limit, as long as you pay the amount over CL by the next statement.

Something like that. I have no plans to get anywhere close to my CL, so I never really investigated.

When World (MC) and Signature (Visa) cards do report their CL's, they're great. They offer a lot of similar protections that American Express cards do, and concierge services, and so forth.

Re: And How does a USAA World Mastercard Report?

Anonymous — Mon, 06 Sep 2010 05:44:51 GMT

@haulingthescoreup wrote:

@Duke-of-Earl wrote:
[Re: haulingthescoreup]

Excellent, that's what I was hoping to hear. Thanks.

Don't think I've ever seen a Type of Loan: "Flexible Spending Credit Card" before. Do you know what that means?

That's the World/ Signature designation. You're allowed to go over your credit limit, as long as you pay the amount over CL by the next statement.

Something like that. I have no plans to get anywhere close to my CL, so I never really investigated.

I haven't stopped by the forum on a regular basis in awhile. Has it been confirmed on here through personal experience that the USAA World MC now has a no preset spending limit ?

When I had investigated that question awhile ago, USAA reps explicitly stated by phone and through their online private messages that their World MC does NOT have a NPSL.

And at that time that I was looking into this matter, I read the experiences being reported by about ten or so USAA World MC members at the CB forum; all of them reported that their USAA World MC did NOT have a NPSL.

Furthermore, at that time I also examined USAA's literature that they sent in the mail to me about the USAA World MC and also examined their online FAQs about the World MC; again I could not find anything that stated or even suggested that the USAA World MC has a NPSL.

Re: And How does a USAA World Mastercard Report?

haulingthescoreup — Mon, 06 Sep 2010 05:46:43 GMT

Welcome back!

And I think you're right, mostly. The CSR told me that they would allow me to go over, but I think it would be on a case-by-case basis. This was a year ago, so I don't recall the exact details. We both laughed about the unlikelihood of this happening and went on.

The issue is that World cards are supposed to be NPSL cards:

No pre-set spending limit:
World MasterCard has no pre-set spending limit which gives you the benefit of additional spending power should you ever need it. Enjoy the benefit of increased purchasing flexibility as long as you pay in full the amount that exceeds your revolving credit line on your billing statement each month.

There is similar verbiage on the Visa Signature site.

USAA has chosen to issue World cards, I suppose because of the cardholder benefits, with whatever restrictions they might have on spending limits. But because they are World cards, and they report as "flexible spending credit cards", it's important to know how they will be scored.

Re: And How does a USAA World Mastercard Report?

Anonymous — Mon, 06 Sep 2010 06:05:52 GMT

@haulingthescoreup wrote:
It absolutely does. Mine reports the CL ($27K), and it's included in util. At any rate, my total reported CL's on my EQ and TU reports indicate that the CL is being used, rather than the highest-ever balance, which would make the total CL lower. (EX doesn't supply useful info like total CL.) And the CSR confirmed this, repeatedly and patiently, when I anxiously asked.

Here's how it looks on a full EQ report. The others look similar:

Hauling, by the way, let me know and I can certainly help you in that quest to go over your CL and hit uncharted territory.

Re: And How does a USAA World Mastercard Report?t

JagerBombs89 — Mon, 06 Sep 2010 16:22:32 GMT

Also something to note is that the USAA World Mastercard has a minimum credit limit of $5,000.

Re: And How does a USAA World Mastercard Report?t

Anonymous — Tue, 07 Sep 2010 17:35:51 GMT

can a Non-miIitary customers apply for this card? I can only see the platinum master card offer when i log in thank

Re: And How does a USAA World Mastercard Report?t

Duke-of-Earl — Wed, 08 Sep 2010 07:23:04 GMT

@Anonymous wrote:
can a Non-miIitary customers apply for this card? I can only see the platinum master card offer when i log in thank

Dunno. I see it, under Products & Services -> Banking -> Credit Cards, when I log in at usaa.com. Same when I just go to the home page without logging in (after clearing cache, cookies, etc.) I think that's all I can tell you, since I'm a military veteran myself and can't test as a "non-military custormer". Sorry.

Re: And How does a USAA World Mastercard Report?t

Anonymous — Wed, 08 Sep 2010 08:12:03 GMT

@Duke-of-Earl wrote:

@Anonymous wrote:
can a Non-miIitary customers apply for this card? I can only see the platinum master card offer when i log in thank
Dunno. I see it, under Products & Services -> Banking -> Credit Cards, when I log in at usaa.com. Same when I just go to the home page without logging in (after clearing cache, cookies, etc.) I think that's all I can tell you, since I'm a military veteran myself and can't test as a "non-military custormer". Sorry.

coolguy, so do I ... me too. I assume you are a member of USAA

Duke, since you are eligible for more services than we do, it is impossible to test as a "non-military custormer".

USAA responded to my question is as follows;

You are eligible for our bank account products, MasterCard credit cards, investment products and life insurance products at this time.

USAA eligibilities:

To be the provider of choice for even more of the military community, USAA expanded eligibility, and now includes the following groups:

Active, retired and honorably separated officers and enlisted personnel of the U.S. military.
Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).
Adult children of USAA members who have or had a USAA auto or property policy.
Widows and widowers of USAA members who have or had a USAA auto or property insurance policy.
Former USAA Property & Casualty members.

After joining, spouses and children of the above may also be eligible to enjoy the benefits of membership. Learn more by entering "eligibility" in the search box above.

Re: And How does a USAA World Mastercard Report?t

Anonymous — Tue, 26 Oct 2010 16:41:54 GMT

Also something to note is that the USAA World Mastercard has a minimum credit limit of $5,000

Very true. I applied last night for the World MasterCard and was approved for a $3,000 credit line. My USAA account page lists it as a "Platinum MasterCard" account... I guess it will up to the "World" designation at some point when they raise my CL?

Very exicted to be approved for it anyway.

EQ 666

Re: And How does a USAA World Mastercard Report?t

ArisGreek — Tue, 26 Oct 2010 16:52:13 GMT

I have to chime in here. My Citi American Airlines World Mastercard has a $3,000 credit limit but has no pre-set spending limit. You can go over your limit with no fees as long as you pay under it before the close of your billing cycle.

It doesn't post a credit limit on any bureaus. It shows my balance but no credit limit and no high credit. One would think it would go under "Other Accounts" on EQ like my AMEX Zync does, but it does not. It is also classified as "revolving" in EQ and TU. I should check what it posts under in EX, as well.

-M

Re: And How does a USAA World Mastercard Report?t

Anonymous — Wed, 27 Oct 2010 03:55:06 GMT

@Anonymous wrote:
Also something to note is that the USAA World Mastercard has a minimum credit limit of $5,000

Very true. I applied last night for the World MasterCard and was approved for a $3,000 credit line. My USAA account page lists it as a "Platinum MasterCard" account... I guess it will up to the "World" designation at some point when they raise my CL?

Very exicted to be approved for it anyway.

EQ 666

Welcome to the forum usaa, and Congratulations! on your "Platinum MasterCard" Yes it does.