If you’re looking to build, rebuild, or improve your credit score, the USAA Secured Card® American Express® may be a good fit for you. This is a real 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) which is an interest-earning deposit account with a $250-minimum initial deposit. A CD is a security deposit- the money you put in upfront, from $250 to $5,000, is the card’s credit limit. Variable rate CD allows you to make additional deposits to your CD at any time- when you make additional deposits you can request a credit limit increase on your secured credit card. In addition, there is no penalty APR but there is a $35 annual fee. If you’re interested, read on!
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USAA Secured Card American Express Summary:
- Apply Now
- Best Feature: Build, rebuild, or improve your credit score
- Annual Fee: $35
- Expiration Date: None
- Additional Advice: As you use your card you could improve your credit when you avoid going over your limit and make payments on time
USAA Secured Card American Express Features:
- $35 annual fee
- Balance transfer/cash advance fee: up to 3%
- A real 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)
- 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 which will change periodically throughout your two-year term
- Variable rate CD allows you to make additional deposits to your CD at any time — when you make additional deposits you can request a credit limit increase on your secured credit card
- Security, travel, and retail benefits
- No foreign transaction fees when you travel outside the United States.
- Special benefits for military
- Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide
Conclusion:
If you would like to build, rebuild, or improve your credit score, consider signing up for the USAA Secured Card® American Express®. This card will allow you to build or improve your credit as well as safely and easily save for the future. When you apply you’ll also open a USAA Bank 2-year Certificate of Deposit (CD) which is an interest-earning deposit account with a $250-minimum initial deposit. The deposit is guaranteed to grow and the money is yours to keep as long as you don’t default on your payments. Your CD will earn interest at a variable rate which will change periodically throughout your two-year term. This card has some great features for those looking to improve credit scores. If you’re interested, sign up today. Keep in mind there is a $35 annual fee. Otherwise, find out which card is right for you by checking out our complete list of Credit Card Promotions today!
