MoneyGeek’s Take

USAA® Rate Advantage Visa Platinum® Card Review

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ByDoug Milnes, CFA
Reviewed byAlene Laney
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ByDoug Milnes, CFA
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Reviewed byAlene Laney
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Updated: June 12, 2024

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USAA® Rate Advantage Visa Platinum® Card

Balance Transfer Offer15 months
APR11.90% – 28.90% Variable
Annual Fee$0
Recommended CreditExcellent
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If you have a military background and need a card with low fees, the USAA® Rate Advantage Visa Platinum® Card is one of the best options available. With no annual fees, no foreign transaction fees and low APR rates, this credit card is ideal if you want a low-rate card. The 0% intro APR for 15 months offer can also help you pay off purchases without incurring any interest charges. However, this is not a card that earns rewards.

MoneyGeek broke down all the card’s features and pros and cons in our USAA® Rate Advantage Visa Platinum® Card review.

USAA® Rate Advantage Visa Platinum® Card Overview

Quick Take

  • No annual or foreign transaction fees
  • 0% APR offer on balance transfers and convenience checks for the first 15 months,then a variable APR of 11.90% – 28.90% variable after that
  • 0% APR offer applies to transfers and checks that post to your account in the first 90 days
  • 3% balance transfer fee
  • No penalty APR
  • Applicants with excellent credit may qualify for low standard APRs
  • Complimentary auto rental coverage, travel accident insurance, trip cancellation and interruption coverage, and baggage delay and reimbursement
  • Zero liability provides a safeguard against unauthorized transactions
  • Extended warranty
  • Access to a concierge service

Important Card Details

Apart from interest charges, other rates and fees may apply to your USAA® Rate Advantage Visa Platinum® Card. Understanding these charges will help you avoid additional penalties, interest and fees that increase your credit card debt.

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    Regular APR

    This card has a 0% introductory APR for 15 months, then a regular variable APR of 11.90% – 28.90%variable. You may qualify for even lower APR rates, if you have an excellent credit score.

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    Annual fee

    You will not pay any annual fees for the USAA® Rate Advantage Visa Platinum® Card.

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    Cash advance fee

    The cash advance fee for the USAA® Rate Advantage Visa Platinum® Card is 3% of the amount, but fees are waived if you transfer funds electronically to a USAA deposit account.

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    Balance transfer fee

    The balance transfer fee for this card is 3% of the amount of each balance transfer.

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    Foreign transaction fees

    You can use the card globally at no extra charge.

    Penalty Fees

    The penalty fee for late or returned payments is $25 for the first time and $35 for subsequent late or returned payments.

Additional Benefits

The USAA® Rate Advantage Visa Platinum® Card is a low-interest credit card that doesn’t offer rewards but has some of the lowest rates in the market. It also comes with the following main features:

  • Standard features: USAA® Rate Advantage Visa Platinum® Card benefits include rental car insurance, travel accident insurance, concierge services for reservations, event tickets and shopping, trip cancellation and interruption coverage, baggage delay and reimbursement, and extended warranty protection on U.S. manufacturers' warranties.
  • Security Features: This card comes with zero liability for unauthorized transactions. You can also access your account online or via the mobile app to report a stolen or lost card. Cardholders can set up alerts on their account and get notified in case of suspicious activity.
  • Customer Experience: The USAA® Rate Advantage Visa Platinum® Card comes with round-the-clock access to customer support via phone, live chat or mobile app. You can also conveniently manage your account and make payments online. USAA has an excellent customer service record and received the highest score among all issuers in J.D. Power’s 2021 Credit Card Satisfaction Survey.

How the USAA® Rate Advantage Visa Platinum® Card Compares To Other Cards

One of the USAA® Rate Advantage Visa Platinum® Card benefits is its low standard APR. Compared to others, this credit card offers one of the lowest APRs available, starting at 11.90%. This card is also relatively low on fees, with no annual or foreign transaction fees or penalty APR. However, if you have a military background and you want a low cost card that also offers rewards in different spending categories, you may be better off with the USAA Rewards Visa Signature Credit Card.

How the USAA® Rate Advantage Visa Platinum® Card Compares

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USAA Rate Advantage Visa Platinum

  • Annual fee: None
  • Purchase APR: **11.90% – 28.90% variable
  • Foreign transaction fee: None
  • Rewards rate: No rewards
  • Best for: People who want a low-rate credit card and do not need a rewards card
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USAA® Rewards™ Visa Signature® Card

  • Annual fee: None
  • Purchase APR: 14.90%–30.90% (Variable)
  • Foreign transaction fee: None
  • Rewards rate: 2 points per dollar for gas and dining, 1 point per dollar on all other eligible purchases
  • Best for: People who want a low-cost credit card that also offers rewards in different spending categories

Frequently Asked Questions

What is the average credit score needed to get approved for the USAA® Rate Advantage Visa Platinum® Card?
Does USAA® Rate Advantage Visa Platinum® Card report to all three credit bureaus?
Is the USAA® Rate Advantage Visa Platinum® Card application process lengthy? Can you prequalify?
What information is needed to apply for the USAA® Rate Advantage Visa Platinum® Card?
Does USAA® Rate Advantage Visa Platinum® Card have good customer service or helpful information online?
Does USAA® Rate Advantage Visa Platinum® Card have a mobile app or the option to pay or manage your account online?
Does USAA® Rate Advantage Visa Platinum® Card raise credit limits automatically or charge for limit increases?
Does USAA® Rate Advantage Visa Platinum® Card offer the option to freeze your credit/account or have other security features?
Does USAA Savings Bank offer other credit cards besides USAA® Rate Advantage Visa Platinum® Card?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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