It's been seven years. The limit is $1000 and it used to be my primary card. I haven't used it in a year and I didn't think USAA would ever budge on their secured cards but I received a letter today stating my card is upgrading to a rewards card.
I did a search to see if anyone else had posted or heard anything about this but came up empty, so just wanted to share.
I thought I recall reading that they changed their secured card policies a year or two ago... I haven't been paying as much attention to that market vs. when I was deep subprime and desperately needed secured cards.
Nice to see them apply this basically retroactively to their old accounts too... I still have one secured card from DCU which just sits with a minimum deposit as it's one of my oldest tradelines and it's seriously unlikely they will ever take it away from me short of a BK no matter hat happens to me in my financial life.
In my case my USAA card was one of the first unsecured cards I got, and I used them a few times for secured installment loans (even if secured against a CD isn't the best solution for reindeer games) and I still carry all my insurance through them but good to see them be righteous elsewhere.
That's wonderful news, congratulations!!
I'm so glad USAA finally made the decision to allow their secured cards to graduate (and, that nearly a year after making that decision, they're finally implementing it!). It was a good option for (re)builders but it sucked that it didn't graduate. I kept mine for a year - just long enough to build history and app for one of their unsecured cards. Of course, just a few months after I closed my secured, I found out they were working on changing the program to include graduation - now I wish I would have held onto the secured card... 😔
Anyway, congrats!!
I'm so glad USAA finally made the decision to allow their secured cards to graduate (and, that nearly a year after making that decision, they're finally implementing it!). It was a good option for (re)builders but it sucked that it didn't graduate. I kept mine for a year - just long enough to build history and app for one of their unsecured cards. Of course, just a few months after I closed my secured, I found out they were working on changing the program to include graduation - now I wish I would have held onto the secured card... 😔
Anyway, congrats!!
I recall they changed up their messaging about the secured cards a couple years back, about when I gave up on any chance of the card graduating. I’ glad they’ve decided to allow it to grow. Going to wait until I have lower reported balances before I request a “credit limit change” (first time seeing this option). Maybe I won’t have to neglect this card any more. 😂