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Review of the USAA Rate Advantage Platinum Visa®

Updated Sep 09, 2021 | Published Feb 15, 20163 min read

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USAA Rate Advantage Visa Platinum®

Min Credit Level Good
Annual Fee $0
Regular APR 6.90%–23.90% Variable
At a glance

USAA customers can get a low interest rate with the Rate Advantage card, although not 0%. If you need to carry a balance on credit cards, see 0% APR cards or balance transfer cards.

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The USAA Rate Advantage Platinum Visa can potentially provide a very low interest rate, if your credit is good enough.

USAA cards are only available to members of the military, active or honorably discharged, as well as certain members of their family. Click here for details on USAA eligibility.

This is a fairly simple card, with no rewards like points or cash back. The real value of this card is the low interest rate you might get, possibly as low as 7.45% (Variable).

If you’re looking for a basic credit card with good terms, read on to learn if this one might be for you.

Apply Now

securely on the issuer's website

USAA Rate Advantage Visa Platinum®
Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$0
  • Purchase APR6.90%–23.90% Variable

The Rewards

There are no rewards for using this card, like points or cash back, but it does come with several benefits.

The Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

Military Benefits

You may or may not qualify for some of these benefits; click here to learn more and see if you qualify.

  • Servicemembers Civil Relief Act (SCRA)

    The SCRA provides help to active-duty service members, and includes benefits like protection for life insurance policies and reduced interest rates on debts incurred before beginning active duty. USAA will provide an interest rate of 4% for pre-existing USAA credit card debt and loans, and a rate of 6% for other debts like credit cards, mortgages, auto loans, and others.

  • Qualifying Campaign Level

    Members who receive a qualifying campaign medal can receive a rebate for all of the interest incurred during their campaign. The qualifying campaign medals include the Global War on Terrorism Expeditionary Medal, the Iraq Campaign Medal, and the Afghanistan Campaign Medal.

Shopping Protections

  • Extended Warranty

    Doubles the manufacturer’s original warranty, up to a maximum of 2 years for most items, up to $15,000 per claim.

  • Satisfaction Guarantee Coverage

    If you’re not satisfied with an eligible purchase and the retailer won’t take it back, you may be able to be reimbursed for the cost.

Travel Protections

  • Travel Assistance Services

    Available when traveling 100 miles or more from home, provides help like information on travel requirements, locating documents or lost items, or arranging emergency money transfers.

  • Worldwide Automatic Travel Accident and Baggage Delay Insurance

    Provides insurance in case of a tragic accident, funds to reimburse purchases if your bags are delayed, and reimbursement if your trip is interrupted for eligible reasons.

  • Rental Car Insurance

    Provides coverage against damage and theft of rental vehicles, as long as the rental company’s own insurance is declined.

Security Benefits

  • Identity Theft Resolution Services

    If you become a victim of identity theft, this service provides help with contacting the credit bureaus, getting a new credit card, and going through the proper legal proceedings.

  • Identity Fraud Expense Reimbursement

    You won’t be held liable for unauthorized charges as a result of identity fraud.

The Costs & Fees

Check the Military Benefits section above for more information on how your interest rates may be adjusted while you’re on duty.

Take not that there’s no Penalty APR to worry about, so your interest rate won’t go up if you make a late or returned payment.

Annual Fee Regular Purchase APR Regular Balance Transfer APR Cash Advance APR
$0 6.90%–23.90% Variable 6.90%–23.90% Variable 6.90%–23.90% Variable
Balance Transfer Fee Cash Advance Fee Foreign Transaction Fee
3% 3% None
Penalty APR Late Fee Returned Payment Fee
None Up to $35 Up to $35

The Bottom Line

The USAA Rate Advantage Platinum Visa is a card to consider if you or your family is in the military, but only if you have good credit or plan to use it during a military deployment. If that’s the case, you’ll enjoy a very low interest rate.

If your credit is poor, however, you’ll end up with a very basic card with a higher APR that offers no rewards for spending.

If you’re looking for USAA cards that offer some nice rewards, check out our review of the USAA Cashback Rewards credit cards.

Want to apply for this card or learn more? Just click the card name below.

Apply Now

securely on the issuer's website

USAA Rate Advantage Visa Platinum®
Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$0
  • Purchase APR6.90%–23.90% Variable

Not the card for you? Learn more about Reward Credit Cards and see our picks for the best ones!

Do you use the USAA Rate Advantage Platinum Visa? How do you like it? Let us know by giving your own review.

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Written by

Brendan Harkness

Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high-quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.

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