USAA Secured Cards® American Express® Card ReviewReviews, rates, fees, and customer service info for The USAA® Secured American Express® Card. Compare to other cards and apply online in secondsJohn KiernanWalletHubNo membership feesNo foreign feeQualify with limited or no credit historyHigh regular APRRequires security deposit
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
USAA® Secured American Express® Card has a rating of 3.4/5 according to our proprietary credit card rating system. This rating reflects how appealing USAA® Secured American Express® Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Rebuild Damaged Credit by Paying in Full Each Month'. To break it down further, USAA® Secured American Express® Card earned a score of 5.0/5 for Fees, 0.0/5 for Rewards, 3.3/5 for Cost, and 3.6/5 for User Reviews. Info about the USAA® Secured American Express® Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.6/5
2,074 reviewsRead and write reviews
Editor’s Review
2.9/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.4
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Rebuild Damaged Credit by Paying in Full Each Month” for this card.
Fees
5.0
Rewards
0.0
Cost
3.3
Other Features
3.0
3.4/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Fair Credit, Limited History, No Credit, Bad Credit
Minimum Security Deposit
$250
Fees
One-Time Fees→$0
Annual Fee→$0
Monthly Fee→$0
APR on Purchases
28.15% (V)
USAA® Secured American Express® Card's Additional Info
•
Best for members rebuilding or establishing credit.
•
It's not a debit or prepaid card.
•
Determine your own credit limit ($250 to $5,000) with a security deposit.
•
USAA membership is available to active and former military and their eligible family members.
•
Travel Benefits: Auto Rental Coverage, Travel Accident Insurance, Trip Cancellation and Interruption Coverage, Baggage Delay and Reimbursement.
•
To apply for the card, an existing checking or savings account with USAA Federal Savings Bank is required and it must have a minimum balance of $250.
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
2.9
User Reviews
3.6
Market Comparison
3.4
fees: 5.0
rewards: 0.0
cost: 3.3
Other Features: 3.0
3.8WalletHub Rating
WalletHub Rating
3.8
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
5.0
User Reviews
3.6
Market Comparison
3.6
fees: 5.0
rewards: 0.0
cost: 3.3
Other Features: 3.8
4.7WalletHub Rating
WalletHub Rating
4.7
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Can't find what you are looking for? Submit your question about USAA® Secured American Express® Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card. In addition, WalletHub independently collected information for some of the cards on this page.
No, you cannot have your USAA® Secured American Express® Card converted to an unsecured credit card. However, once you use this card to raise your credit score, you can then go on to apply for one of USAA's unsecured cards. To build your credit score, try to keep your credit utilization ratio low and make your monthly payments on time.
It's worth noting, though, that there are several other secured credit cards which can graduate to unsecured.
No, you cannot get an USAA® Secured American Express® Card credit limit increase. According to customer service, credit limit increases are not available for this card. This means that after you've paid your initial deposit and the account is open, your credit limit stays locked in for the duration of the account. So, if you want a high credit limit, you should try to deposit as much as you can before opening your USAA® Secured American Express® Card account.
The credit card is designed for people with limited credit history. However, please note that in order to be eligible for this card you need to be a military member, veteran or a family member.
Yes, it is an AmEx card, so you can use it at any merchant or service provider that accepts AmEx. Plus it offers a collision damage waiver so you know you're protected in case the vehicle is damaged or stolen.
Share your insights and review for the USAA® Secured American Express® Card
5
30%
4
29%
3
22%
2
13%
1
6%
3.6
2,074 reviews
2,074 reviews
What's Your Rating?
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majjbjohn @majjbjohn
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2 Star Rating
Verified Customer
Easy bank to deal with but card cannot be converted, the CD your money goes into has a terrible interest rate. You can no longer add to your CD. There's also a yearly fee I strongly suggest you get a card elsewhere.
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1
0
Heather Sorsby @hasorsby
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4 Star Rating
One of the great things about this card is that the security deposit you provide is invested into a CD account for you. As long as you're making your payments on time, you'll be getting a great return on this account, in addition to improving your credit. With a low annual fee, I highly recommend this card for those eligible for it.
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11
4
Shawn Urang @shawnurang
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4 Star Rating
first of all let me say that they have a really a low annual fee. My wife and I have had no issues using this card at all. The customer service is nice from what we have had to deal with thus far. If you have USAA at all you will understand how good they are. Everything they have to offer is well worth it!
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Comment
5
1
Steve Irvan @dreadmime
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5 Star Rating
I got this card a few years ago from USAA as one of their selected offers. I've been a USAA customer for 29 years now, so it only made sense that I accept any product they offer. They've never treated me wrong. The annual fee is pretty small compared to some other cards I've had in the past, and their customer service is absolutely top notch. No over-limit fees. no monthly transaction fees. And best of all, the initial $250 deposit goes into an interest-bearing CD. I can't say enough about this card, and I will continue to be a USAA customer for years to come.
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Comment
9
2
Lakeisha Morrison @lakeisha_morrison
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5 Star Rating
First let me say this card is amazing!! The cash advance fee is only 3% and there is no over-limit fee which is great. What also makes this card amazing there is no one time fee and their is no monthly fee. I had this card for about two years no and I love it. Have the annual fee at $35 is great because other companies charge a much high price for quality that is not that great.
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Comment
9
2
Fee Tree @feet
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4 Star Rating
You can get this card as long as you have $250 or more to put into a Certificate of Deposit. You can add more to the CD in order to up your credit limit. This is a great card with good benefits that will help you qualify for an unsecured credit card in the future. The card has an annual fee of $35 and USAA offers benefits such as credit monitoring for card holders.
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Comment
10
0
Sonya Adamenko @sonya.adamenko
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5 Star Rating
I really love the USAA Secured Credit Card. Both I and my husband have one. You pay upfront and then use your money during the following month. Very easy, very transparent. Besides it allows me to built my credit history without taking the traditional credit card. The annual fee is $35 and is very decent compared to other credit cards.
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17
4
Josh Seals @jseals
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5 Star Rating
USAA Secured CC is a great way to rebuild credit. They have a great customer support staff and seamlessly integrate with all other USAA accounts. The APR and annual fees are perfectly reasonable and the card came in the mail in a very short period of time. I would highly recommend most USAA products to anyone that has or is interested in a USAA account. USAA has been the best bank I've ever banked with and they will have my business for a long time to come. Thank you USAA for an awesome service, and for keeping service members priorities at the forefront.
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5
4
+ 2,066 WalletHub users submitted a rating without writing a full review
Review USAA® Secured American Express® Card
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Bank of America® Unlimited Cash Rewards Secured Credit Card, Bank of America® Customized Cash Rewards Secured Credit Card, U.S. Bank Altitude® Go Visa® Secured Card, U.S. Bank Cash+® Visa® Secured Card, USAA® Secured American Express® Card, and USAA® Secured Visa Platinum® Card
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