topic Re: USAA Credit card question in Credit Cards

USAA Credit card question

Bleety17 — Wed, 30 Jan 2013 06:59:41 GMT

I don't know what took me so long, but my mom is a vet and I finally got her to sign up for usaa today! So I signed up right after her and I am looking to get a credit card. Is there a card on there for bad credit? Or would the secured card be my only option?

Re: USAA Credit card question

Revelate — Wed, 30 Jan 2013 07:02:13 GMT

At sub 600 I think their secured product (which is actually a good one) is their only option.

Re: USAA Credit card question

chnceit — Wed, 30 Jan 2013 07:07:46 GMT

@Revelate wrote:
At sub 600 I think their secured product (which is actually a good one) is their only option.

+1 even though they give nice credit lines your current score is kind of low

Whats keeping your scores from going up?

Re: USAA Credit card question

Bleety17 — Wed, 30 Jan 2013 07:08:38 GMT

I was pretty impressed that they offer a CD instead of it only being a deposit. Looks like ill be going the secured route to try and build my credit back up.

Re: USAA Credit card question

Bleety17 — Wed, 30 Jan 2013 07:11:48 GMT

Well when I was 18 I got two credit cards and then lost my job so those went down the drain. Haven't been able to get a CC since. I have two auto loans that are perfect (paid 1 off) But I do have a couple utility bills and cell phone bills that I'm currently trying to pay.

I have 0 utilization so I'm guessing that has a major part to do with it ?

Re: USAA Credit card question

Anonymous — Wed, 30 Jan 2013 14:51:21 GMT

There generally looking for at least 700 on your equifax. I applied with a 676 and was shot down just applied when I had a 706 approved with a $6k credit limit. They are pretty conservative bank.

Re: USAA Credit card question

CreditWorld2013 — Wed, 30 Jan 2013 15:07:45 GMT

@Anonymous wrote:
There generally looking for at least 700 on your equifax. I applied with a 676 and was shot down just applied when I had a 706 approved with a $6k credit limit. They are pretty conservative bank.

I believe it also has to do if you are a full or limited member. If you are a full member I've seen them be more lenient as some have been approved in the 600s.

Re: USAA Credit card question

Anonymous — Wed, 30 Jan 2013 15:13:11 GMT

Im a full member as well as my buddy who applied a couple days after me and I beleive he had a 688 and was shot down also. But I have heard of others with High 600's getting the card. I am in the Army and everybody has USAA and it seems the 700 mark is the golden spot for them.

Re: USAA Credit card question

HindSight_20_20 — Wed, 30 Jan 2013 15:55:20 GMT

I am a member, at the time of my app I had 'Auto Insurance, IRA, Mutual Fund, and Savings' I was approved for the USAA Plat. MC $1000.00 with a FICO of 642.

Just thought I'd throw this in also. I asked for a secured card thinking that would be all I could get - and the rep ask "why not get the unsecured card" and I answered because I'm not sure if my scores are good enough yet - she said to give her a second - and less than a minute later she said congratulations your New Credit line is $1000.00.

Now all things balanced - as other have mentioned I'm not sure if my having those other products with them contributed? (I'd like to think they did) but who knows??

Re: USAA Credit card question

Anonymous — Wed, 30 Jan 2013 15:57:56 GMT

The more productis you have with them the better your chances. If they gave you a grand with a 642 fico, it was because you had all those products

Re: USAA Credit card question

NICKI183 — Sun, 03 Feb 2013 22:30:11 GMT

My credit score is pretty low;however, my husband is a vet so I asked if he would sign up for USAA. Well, I wanted a AMEX secured, but for wanted the MC. I received a secured card with the CD! It's my first secured card. I am saving up to apply for the Secured AMEX with $1500.00. This is a great start in the right direction.

Re: USAA Credit card question

Anonymous — Sun, 03 Feb 2013 22:43:17 GMT

I have a secured CC with them and Friday applied for an unsecured line and was given a 5500 CL with a 670 EQ with 3 INQs on my EQ file. I believe the 2 years of having their secured product with perfect payment history helped a lot and later this month I will receive my deposit back plus interest

So yes, their product is great! Helped me so much

Re: USAA Credit card question

Anonymous — Sun, 03 Feb 2013 22:46:42 GMT

Congrats!