topic Re: USAA PLATINUM VISA APPROVED in Credit Cards

USAA PLATINUM VISA APPROVED

Anonymous — Fri, 11 May 2012 15:30:35 GMT

Final app of the year in garden mode until May 2013. Just got approved for a USAA Platinum Visa 10.5K my highest limit so far. No more apps until May 2013 for my house. I went on a small app spree Discover More 6K approval, CLI Chase Military Star MC from 500 to 5K, Chase MWR Matercard 3K approval, USAA World MasterCard 9K approval and USAA Platinum Visa 10.5K Approval so no more apps until my mortgage this time next year. Thanks to this forum I have gone from low 500 CS to joining the 700 club and slowly working my way toward 800 Thanks for all the advice it truly paid off.

Re: USAA PLATINUM VISA APPROVED

UFGuy2006 — Fri, 11 May 2012 15:59:45 GMT

@Anonymous wrote:
Final app of the year in garden mode until May 2013. Just got approved for a USAA Platinum Visa 10.5K my highest limit so far. No more apps until May 2013 for my house. I went on a small app spree Discover More 6K approval, CLI Chase Military Star MC from 500 to 5K, Chase MWR Matercard 3K approval, USAA World MasterCard 9K approval and USAA Platinum Visa 10.5K Approval so no more apps until my mortgage this time next year. Thanks to this forum I have gone from low 500 CS to joining the 700 club and slowly working my way toward 800 Thanks for all the advice it truly paid off.

Congrats, not a bad line! May I ask the APR they gave you?

Re: USAA PLATINUM VISA APPROVED

Anonymous — Fri, 11 May 2012 16:13:10 GMT

The APR for both the World MC and Visa are 12.9

Re: USAA PLATINUM VISA APPROVED

texamel — Fri, 11 May 2012 19:28:20 GMT

Can you tell me if your score went down? I just got a USAA Platinum MC and my score went down 13 points.

Re: USAA PLATINUM VISA APPROVED

Revelate — Fri, 11 May 2012 20:17:19 GMT

@texamel wrote:
Can you tell me if your score went down? I just got a USAA Platinum MC and my score went down 13 points.

Inquiry and new tradeline (lowering AAoA). That's normal and expected for any new account and will probably pass within sixish months.

Re: USAA PLATINUM VISA APPROVED

Anonymous — Sat, 12 May 2012 03:23:33 GMT

My Experian score dropped 9 points Equifax went up 5 points and TU dropped 5 points but everything should level out in the next six months with everything being paid in full and in a year when the inquiries dont really effect my score everything should be back on track for my mortgage.

Re: USAA PLATINUM VISA APPROVED

Anonymous — Sat, 12 May 2012 05:06:52 GMT

is it possible to get a card with them without being tied to military?

Re: USAA PLATINUM VISA APPROVED

Anonymous — Sat, 12 May 2012 07:49:11 GMT

It is possible to get a card through them with out being tied to the military or a member but you dont get the better rates like a member would.

Re: USAA PLATINUM VISA APPROVED

Anonymous — Sat, 12 May 2012 18:42:11 GMT

@Anonymous wrote:
It is possible to get a card through them with out being tied to the military or a member but you dont get the better rates like a member would.

Really? I was told there is no chance. I would have to call them, I don't mind the rates, but their credit card limits are super high.

Re: USAA PLATINUM VISA APPROVED

r34dy2fly — Sun, 13 May 2012 04:31:22 GMT

Your limits would probably be effected as well for not being in the military. There are certain services and so forth that just isn't given to non-military members. I'm assuming the reason for such high rates for the military community is because our paychecks are generally direct deposited to a USAA account.

I've been a USAA member for almost all my my military career. I thought about moving to Chase but they have shown me time and time again that no one will match their customer service.

Re: USAA PLATINUM VISA APPROVED

Anonymous — Sun, 13 May 2012 04:39:34 GMT

I agree USAA has been great I have been with them the past 10 years and their customer service simply cant be beat for military members NFCU is good as well but USAA has proven time and time again that they take care the military active duty reserves national gaurd retirees and their family members.

Re: USAA PLATINUM VISA APPROVED

Gray — Sun, 13 May 2012 06:15:41 GMT

My mother in law (who is not a full member, just general public) has a MC with 10% APR.

My father is a full member and I joined through him back in 1989, and had a MC since 1993. My APR is 6%.

Interesting how their credit card products shift around. They used to have a standard MC and Visa, then a gold option (back in the 90s), then platinum, then the Visa went into hiding (you had to request it), then there was World Mastercard (now it's gone into hiding), then there was the Rate Advantage MC (now it's in hiding), Platinum MC and Visa are now advertised, etc. Weird.

Re: USAA PLATINUM VISA APPROVED

Anonymous — Sun, 13 May 2012 06:35:33 GMT

I just got the World MC and the Platinum Visa

Re: USAA PLATINUM VISA APPROVED

Revelate — Sun, 13 May 2012 14:04:31 GMT

@Gray wrote:
My mother in law (who is not a full member, just general public) has a MC with 10% APR.

My father is a full member and I joined through him back in 1989, and had a MC since 1993. My APR is 6%.

Interesting how their credit card products shift around. They used to have a standard MC and Visa, then a gold option (back in the 90s), then platinum, then the Visa went into hiding (you had to request it), then there was World Mastercard (now it's gone into hiding), then there was the Rate Advantage MC (now it's in hiding), Platinum MC and Visa are now advertised, etc. Weird.

Not wierd, but it's interesting to see such a detailed analysis posted, thank you for that.

This is sort of normal for most lenders: if they find that their risk or financials are off in their credit products, they can either adjust the underwriting, or they can quietly (or loudly in some cases) shift their credit mix. In this case, people only know the world as it's presented to them, so if a lender has decided that something is awkward in their credit portfolio, they can simply adjust it over time with new arriving customers rather than change the existing ones (which is a surprisingly forward-thinking view).

People so rarely discuss anything credit-related in society, that there's virtually zero chance of it's being brought to light... except on this forum which is why I continue to read it .