Need USAA help

[stpn2me]

I dont think your scores have to be over 700 to get their credit cards, the mortgage may be a different story. I have both their credit cards and my scores were avg 680. The mortgage may be a little higher, but I dont know, they are very military friendly...

[Anonymous]

With USAA, credit score means much less than the length of your membership and how many different accounts/products you use with them.

I have top notch scores, but didn't get the best APR on MC due to my only have auto insurance at the time. However, now I have a Roth IRA, a re-occurring investment account, renters insurance, auto insurance, and checking....now I get unbelievable rates and deals and my credit score has gone down (e.g 5.9% car loan upto 50K, HELOC upto 100K at some really low rate, etc.)!

Also, from my understanding, once you purchase any insurance product (auto, home, or life) you are a member for life and can come and go. However, if you become a member and only use banking products then there is a limited time you must return before you forfeit your opportunity to re-join...

[Anonymous]

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@haulingthescoreup wrote:
They pulled EQ on my daughter last June, but others have posted that they pulled EX.

Have you got $50/ month that you can throw into a Roth IRA? It's one of my emergency not-savings strategies. If the hmm hits the fan, you can withdraw your contributions, although not the earnings. I have mine currently parked in a money market fund and a GNMA fund, simply because those areas aren't well-covered in my TSP, and they're reasonably predictable and well-behaved.

Anyway, once you have some sort of banking or investment relationship established with USAA, they are increasingly likely to offer you CC's. I had a checking account with them when they first offered me the MC, and I'm sure that my scores were mediocre at best.

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Digging up old threads. As they say, curiosity killed the cat. By chance hauling, how long did it take before they offered you the Amex card?

P.S. I keep forgetting you're also a Fed...yay for TSP...although now-a-days mine has been hurting bad, lol.

P.P.S. If you are in a better financial situation might I recommend you switch over your USAA Roth IRA to Capital Growth or the Cornerstone fund in place of the MMA...I'm doing really, really well on both right now. Just thought I'd share...

[Anonymous]

P.S. All my usaa "my offers" are no more on the website...they have been gone two weeks now...my score is still strong...but no "my offers" ::single tear:: lol

[haulingthescoreup]

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@Anonymous wrote:

Digging up old threads. As they say, curiosity killed the cat. By chance hauling, how long did it take before they offered you the Amex card?

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Looks like 2 years, 2 months. But you have to realize that I was in a much different position from you. I had that MC maxed out when they offered the AmEx, due to an unexpected (by me) change in DD#1's financial aid package. And I sure didn't have anything like the reports and scores that you have now. Also, the AmEx was just sort of a la-dee-dah card. I think it had double points or something for the first year, which I didn't even notice.

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P.S. I keep forgetting you're also a Fed...yay for TSP...although now-a-days mine has been hurting bad, lol.

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Yeah, I take little peeks at it and shake my head, and go on! Considering I'm putting $20,500 in it a year, that balance isn't changing nearly as fast as I'd like. That's OK, it has time to recover before I retire, and Lord knows I'm picking stuff up cheap now, every two weeks.

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P.P.S. If you are in a better financial situation might I recommend you switch over your USAA Roth IRA to Capital Growth or the Cornerstone fund in place of the MMA...I'm doing really, really well on both right now. Just thought I'd share...

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Appreciate that! I've got some in Capital Growth as well, and DD#1 is starting a Roth in Cornerstone. The reason I have the MMA is to build up my emergency savings. (It's outside of the Roth.) I still have the GNMA going because TSP doesn't have any real exposure to real estate (or commodities, for that matter), and I'm trying to make up for it in the Roth, plus I'm crazy over-exposed to equities in my TSP. And the GNMA is doing surprising well --it has about the same figures as Capital Growth over these last sad months. I also have a small 401K from my second job, and it's in a Templeton global bond fund. So overall, I've still got a small positive return, and when things recover in another 6-12 months, I should be back in business.

Now that we've hit everyone with finances first thing in the a.m., I guess I have to drag my patootie on in to the office...

[Anonymous]

hauling - you're sooo good. Thanks for all the feedback and insight!

Yeah, I'm hoping 2-3 years we'll see big jumps re: retirement stuff. It sounds like you have a fantastic mix. And congrats on the home upgrades and repairs!!