UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: IrvHamlin Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 37587  
Subject: USAA Credit Cards Date: 8/27/1999 5:34 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Deranged Monkey Criticism

Amazon: What Bezos Believes
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement