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USAA® Rate Advantage Visa Platinum® Card review

Published: November 12, 2018

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Published: November 12, 2018

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Ratings Policy
Low Interest Rating:
2.9 rating
2.9 rating
2.9 / 5
Rates, Fees, Penalties: 3.1
Rewards: 0.0
Features: 3.0

In a Nutshell:

The USAA Rate Advantage Visa Platinum card offers a low APR that is hard to beat, but it lacks a zero percent introductory offer, and the card is not available to the general public.

Learn more about this card

Regular APR
8.9-25.9% (variable)

Introductory Purchase APR

Introductory Balance Transfer APR


  • No annual fee
  • 3% balance transfer fee (max $200)
  • No foreign transaction fee
  • 3% cash advance fee (max $200)


  • $35 late payment fee
  • No penalty APR
  • $35 returned payment fee

Other Notable Features: No foreign transaction fee,car rental insurance, extended warranty, return protection, price protection, satisfaction guarantee coverage, worldwide automatic travel accident insurance, baggage-delay insurance, identity theft services, deployment/permanent change of station (PCS) rate, special 4% SCRA rate, military campaign benefit

The USAA Rate Advantage Visa Platinum Card has a lot going for it. It offers one of the lowest interest rates in the industry; no annual fee; low foreign transaction fee; no penalty APR; and no over-the-credit-limit fee.  It also has some excellent travel benefits, of the type usually reserved for premium cards. However, it’s biggest drawback is the lack of a 0 percent introductory offer for new and transferred balances.

Also, like other USAA cards, the USAA Rate Advantage Visa Platinum Card is only available to eligible armed forces members and honorably discharged veterans – and their families – and some individuals with certain types of military connections.

8.9 percent APR

The card offers an APR as low as 8.9 percent, which is exceptional even among low interest rate cards. Remember, however, that this low rate is reserved for cardholders with excellent credit. The rate can range up to 25.9 percent depending on your credit rating.

Low fees

The fees on this card are very reasonable. There’s no annual fee, penalty APR or over-the-credit-limit fee, and the card doesn’t charge a foreign transaction fee, which makes it a great card for overseas travel. The balance transfer rate is 3 percent, which is better than average, plus the card caps balance transfer fees at $200. Note, however, that there is no zero percent or even reduced introductory APR offer, so this is not an ideal card for debt consolidation.

No 0 percent introductory offer

The lack of 0 percent introductory offer is the main reason that we don’t rate the value of this card higher. Though the APR on this card is excellent and the fees are low, cardholders seeking to transfer a balance or carry a balance over a few years could save hundreds of additional dollars with a card that offers a zero percent APR for 12 months or longer.

Deployment/ Servicemember’s Civil Relief Act (SCRA) rate

You get a 4 percent APR on all balances for up to 12 months of your deployment. Plus, for a pre-existing balance, you get a 4 percent APR all the way up to a year after you return from deployment. It’s a good rate, but hardly the best. Some banks, such as Citi and Chase, waive interest altogether for members of the armed forces during active military service.

Purchase protections

If you find a lower price on a product within 60 days after purchasing it, USAA Rate Advantage Platinum will reimburse the difference. You can use this benefit up to four times a year. The card also offers extended warranty and return protection, which allows you to return merchandise within 60 days of purchase for a refund up to $250.

No rewards

USAA Rate Advantage Platinum doesn’t offer a rewards program, which is a compromise for getting such a low APR. While you can find other low interest rate cards that offer rewards, you are unlikely to find one as low as 8.9 percent.

Why get the USAA Rate Advantage Visa Platinum Card?

  • You carry a balance on a permanent or semi-permanent basis and want the lowest APR you can get.
  • You are not interested in debt consolidation.
  • You don’t care about rewards points or cash back.
  • You want to do business with one of the top military-friendly banks.

How to use the USAA Rate Advantage Visa Platinum Card:

  • Pay more than just the minimum. Don’t let the low interest rate trick you into paying off less than you can.
  • In order to be eligible for travel benefits, such as baggage-delay insurance or accident insurance, you must use the card to buy a ticket.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

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