What is required is a member path of existing secured AMX card holders to retain their account history to convert to an unsecured no fee card. But I suspect their new secured card that will not help the current AMX card holders graduate out of their insane $35 a year fee.
I think some folks have outgrown USAA. Here it is the eve of January 1st, 2020 and USAA still is not living up to their promise of providing a new secured card by the end of 2019. Yes, their original AMX secured cards were a good source to rebuild credit, but they have never been upgradable to an unsecured card, and for most folks who have had their AMX for the last 10 years are now stuck in paying $35 per card per year forever . . . or at least until their other newer cards mature to 10-15 years older. But for those who cancel the AMX card, they are going to take a massive hit on their credit history as the account will no longer count . . . leaving most people with only a year or two of credit history.
USAA has gone through multiple presidents in recent years, and you can see that the CEO is not listening to members who have said they want a better card. USSA is also not keeping pace with the other card banks in offering cash bonus' to apply for their cards. The last time I was "pre-selected" for their VISA included a whopping bonus of 2500 points (or $25). I chose other banks to apply for their VISAs and have received over $3000 in sign up bonus'.
Member officers os USAA are probably long gone in using other banks for banking and cards. Enlisted members may still be around if they struggled through the 2008 recession and over-spent their budget. But in the end, I suspect they will launch a new secured card, but it may not include a path for existing secured AMX card holders to retain their account history to convert to an unsecured no fee card.
