USAA Preferred Cash Rewards Visa Signature

Anonymous · ‎02-22-2020

Is this typically a sign of preapproval?

Shows up when I go to look at their credit cards. My scores aren't great right now (low 600s) so I'm too scared to pull the trigger.

$200 reward bonus after $500 in Qualifying Purchases by 05/31/2020.

I would love this card. $500 in three months spend for $200 back is super easy for me. Phone bill and car insurance got it covered.

thornback · ‎02-22-2020

It's just marketing, unfortunately. Also, FYI, USAA uses Experian FICO 3, not FICO 8. It's an older scoring model and often lower than FICO 8.

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.

Anonymous · ‎02-22-2020

Thanks for the input. I'll continue to wait patiently for 91/3 with NavyFed, only a month to go! 3/23/20

thornback · ‎02-22-2020

Good Luck with Navy!

And yeah- as for USAA, if you get a pre-approved offer, it will actually say pre-approved on it. Even a prequalified offer will say pre-qualified (not as strong as a pre-approval, but you meet some lending standards). Everything else - these "invites" are just marketing.

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.

Anonymous · ‎02-23-2020

@Anonymous wrote:
Thanks for the input. I'll continue to wait patiently for 91/3 with NavyFed, only a month to go! 3/23/20

@J8 I have the same exact 91/3 date. I'm going for the More Rewards AMEX.

Anonymous · ‎02-23-2020

Unfortunately, it looks like a solicited offer as stated upthread.

Anonymous · ‎02-23-2020

That's awesome! That's the exact same card I'm going for.

Started with the cash rewards visa right after opening an account. Approved instantly for $500. I've spent maybe $2,000 on the card so far. Multiple payments before the statement hits. I leave $10 to report for statement, then pay it off right away.
I think there's a reward bonus for $2,500 spend. Not sure. I'm sure I'll get the bonus though. I use the card for literally everything and am very on top of payments.

Hopefully I hit the jackpot with the more rewards Amex. A high limit card will help me out tremendously with my credit journey. Can't wait!