The USAA Secured Platinum American Express Card Helps You Save


Cardholders work hard to maintain their credit cards, so it is only fair if a credit card works hard for the cardholder. The USAA Secured Platinum American Express Card offers cardholders a 2-year CD, travel benefits, retail benefits, and much more that isn't always typical of a secured credit card.

When an unsecured credit card is not an option or you want a secured card that helps you plan for your future, the USAA Secured Platinum American Express Card may be what you are looking for. It is a card that places your deposit into a CD so you can save money, it protects you when you travel, has a number of retail advantages, and it gives you control over your card. You get all of this for a low annual fee and a low and competitive rate.

When you apply, both the card and a variable rate CD are opened. The application process is rather simple in that you fill in your basic information. Before you start, you need to establish your eligibility and online access by answering a few questions.

Those who are eligible include active or honorably discharged military personnel, the children of USAA members, and the spouses of USAA members. USAA only extends credit to these individuals. Once you specify that you are a qualifying member, you will then provide your contact information and will move forward to the application process.

2-Year Variable Rate CD

The 2-year Variable Rate CD is a valuable way to make a security deposit toward the card. The deposit allows for the approval and the issuing of the USAA Secured Credit Card. This also allows you to save toward your future. The CD earns interest at a variable rate. This rate changes periodically during the two-year period. Plus, the variable rate CD enables you to make additional deposits at any time. This can help you build a savings, while also increasing your credit limit. When you make additional deposits, all you have to do is request that USAA increases your credit limit and you can deposit that amount.

There is a minimum initial deposit that is required to start the CD. If money is withdrawn from the CD early, it may reduce the earnings that can be used by the secured card. The penalty is used as a deterrent to keep cardholders from accessing their savings and, instead, allowing it to work for them.

After the two years is up, then money can be withdrawn from the CD without penalty. By that point and, as long as payments have been made on-time, the amount should be higher than what was initially deposited.

Travel Accident Coverage

Cardholders receive a number of benefits. Perhaps an illness or an accident causes the trip to be cancelled. What this means is that the cancellation of a common carrier travel arrangement has occurred. Trip interruption is also covered, which means that the covered trip has been interrupted either on the way to the departure point or after departure.

In order to get coverage, the entire cost of the cost of the passenger fare must be charged to the credit card. The plan does not cover loss that results from a pre-existing condition, cosmetic surgery, the insured is traveling against the advice of a physician, and emotional trauma. The list of exclusions is always subject to change.

Furthermore, cardholders are afforded a collision damage waiver and a number of other privileges that allow the card to save the cardholder money when traveling or staying home. Many of the privileges that are given to cardholders are a lot like those given to secured cardholders.

Control Over Your Account

The USAA American Express card gives you control over your credit card. It starts with the CD because it gives you an incentive to build a savings. By building the savings, you obtain the power of American Express. This includes the zero liability coverage that protects you if your card is lost or stolen. In other words, you are not liable for fraudulent charges that are made on the card as long as you show that you took the appropriate measures to protect your card and your card number. When the card is reported lost or stolen as soon as possible, protection is able to kick in so fraudulent activity can be prevented or minimized.

You also have online account management capabilities. You can log into your account and view your balance, available credit, make payments, and much more. This is an effective way to keep track of your account. It is also a good way to keep track of usage so you can identify any fraudulent usage so you can identify it quickly.

Card Costs

There is a small annual fee to the card that is charged initially after the deposit is made and is then charged on the anniversary date each year. In addition, there is interest charged on purchases, balance transfers, and cash advances. There are also fees charged for balance transfers and cash advances that are a percentage of the transaction. The same applies to foreign transactions. A foreign transaction's fee is a small percentage of the transaction in U.S. dollars.

Other fees include the penalty fees, which includes a late payment fee, a returned payment fee, and an over-the-credit limit fee. If a payment is made late or returned just once in a six month period, then the fee is lower than it is for subsequent late or returned payments. If cardholders wish to reduce the amount of interest that is paid, the purchase APR can be avoided if the card balance is paid off in full before the due date. There is a 25 day grace period after the close of the billing cycle.


The USAA Secured Platinum American Express Card is designed to give cardholders the convenience they need in a credit card. Between the CD and the benefits, cardholders are able to better save for their future and minimize the overall cost of credit.

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Rating: 4.5 out of 5
Intro APR: N/A*
APR: 13.99%* (Fixed)
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Rating: 3.7 out of 5
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Horizon Gold

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Rating: 3.5 out of 5
Intro APR: N/A*
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Rating: 4.0 out of 5
Intro APR: N/A*
APR: 0.00%* (Fixed)
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Rating: 4.0 out of 5
Intro APR: N/A*
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