How to Earn Points and Miles for Free Travel
Read more
Details
- A credit card - not a prepaid or debit card, that helps you build or improve your credit score.
- When you apply - you'll also open a USAA Bank 2-year Certificate of Deposit (CD), an interest-earning deposit account with a $250-minimum initial deposit.
- CD is a security deposit - the money you put in upfront, from $250 to $5,000, is the card's credit limit.
- Earn interest on CD - deposit is guaranteed to grow. Plus the money is yours to keep as long as you don't default on your payments.
- As you use your card you could improve your credit when you avoid going over your limit and make payments on time.
- Your CD will earn interest at a variable rate (currently 0.54% Annual Percentage Yield) which will change periodically throughout your two-year term.
- Enjoy no foreign transaction fees when you travel outside of the United States.
- Special Benefits for Military.
- Security, Travel and Retail Benefits.
Pros
Qualify with fair / no credit
No Foreign transaction fees
Cons
Has annual fee
No rewards option
Recomended Credit score
Poor
300
Fair
630
Good
690
Excellent
720
850
Balance transfer offer
Balance transfer regular apr
11.65-21.65%
variable
Balance transfer fee
3%
Rates and fees
Purchase regular apr
11.65-21.65%
variable
Cash advance apr
11.65-21.65%
variable
Regular annual fee
$35
Cash advance fee
3%
Foreign transaction fee
0%
Late payment fee
up to
$35
Return payment fee
up to
$35
Secured card details
Posting to credit bureau
Free credit score
Secured deposit
$250
- $5,000
Credit Limit
Equal to deposit
Join the discussion