YellowHammer mentioned several days ago that he had obtained a reduced interest rate on his USAA card of 8.25% with no annual fee.Since I've had their cards for a good while now, I called to check my rate. I found that they have two banks which issue their cards: one in San Antonio and one in Las Vegas. The one in SA has to operate under TX law and the lowest rate allowed is evidently about 12.5%. If you switch to the LV bank, they can go to prime rate plus 1%, which currently makes a total rate of 9%. This rate will vary up and down as the prime varies.Some time ago they attempted to switch a number of cards to LV but received A LOT of outcries from cardholders since switching entails the issuance of new cards and new card numbers. That apparently bothered many members. The bottom line right now is that you can probably get the 9% rate(assuming a good payment record) but you will have to ask for it and may have to change card numbers.They will also be having some promotions regarding this in the next few months but probably will not hit every cardholder since there are now about a million.I have always stuck with USAA because of the excellent service, including cases where you may have a problem with some vendor trying to rip you off.FWIW, the number to call is 1-800-922-9092.
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