USAA requirements to join membership?

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shoptalk01
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USAA requirements to join membership?

Postby shoptalk01 » Wed Aug 29, 2012 2:07 am

Does anyone here have USAA? Do they allow non-military to join and have secured credit cards?

A friend of mine who just got out of the Air Force told me about USAA and it appears they are letting non-military join with the exception of home and car insurance. I like the fact that they let you open up a CD that earns interest to use as security against the credit line, but my friend thought you first had to apply for a unsecured card (hard pull) then if turned down you are offered a secured card. The thing is if non-military can't get the secured card, it won't be worth the hard pull and being turned down for an unsecured card.

I'm only looking at this because I have $1,000 or so to put in savings and it seems that getting another card to build credit would be a bonus.


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PlatinumAMEX94
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Postby PlatinumAMEX94 » Wed Aug 29, 2012 10:17 pm

shoptalk01 wrote:Does anyone here have USAA? Do they allow non-military to join and have secured credit cards?



Yes. Yes. No.
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kashmac123
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Postby kashmac123 » Wed Aug 29, 2012 11:41 pm

I spoke with a rep in the credit department and she said that anyone can get the secured card.

You should talk to the credit department.
Open a checking account
Deposit $1050
Open CD for $1000
New credit line for $1000

That is my plan now it is yours

Do not use more than $250 for this credit line. Pay off this balance as fast as possible before charging it up again.
No one ever told me how to use cc. Now that I know better I should do better.

Good luck

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Postby jlam572 » Thu Aug 30, 2012 12:23 am

While Im happy they are broadening their horizons, its slightly upsetting to me that they are letting non-military/military family use their services now. It was a nice perk that soldiers/sailors got discounts on their banking/ccs/and insurance.
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kashmac123
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Postby kashmac123 » Thu Aug 30, 2012 6:53 pm

jlam572 wrote:While Im happy they are broadening their horizons, its slightly upsetting to me that they are letting non-military/military family use their services now. It was a nice perk that soldiers/sailors got discounts on their banking/ccs/and insurance.


Let's share the love. People out here need a bank that will work with them without charging them 2 legs and an arm.

Usaa is good to go. Go get it. Be smart and don't over spend on it so you can pay it off every month

This is the best card for rebuilding your credit and habits.

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Fri Aug 31, 2012 2:11 am

jlam572 wrote:While Im happy they are broadening their horizons, its slightly upsetting to me that they are letting non-military/military family use their services now. It was a nice perk that soldiers/sailors got discounts on their banking/ccs/and insurance.


It is limited for civilians on what services are available to them. Verification is still done through DEERS for all the good stuff, like a VA home loan, zero down.
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Postby shoptalk01 » Fri Aug 31, 2012 8:12 am

kashmac123 wrote:Let's share the love. People out here need a bank that will work with them without charging them 2 legs and an arm.

Usaa is good to go. Go get it. Be smart and don't over spend on it so you can pay it off every month

This is the best card for rebuilding your credit and habits.


Just try to google credit cards for rebuilding credit and some of the worst cards with the most ridiculous terms pop up. There's one with a $95 application fee, $75 annual fee, $9.95 monthly maintenance fee and interest is charged on purchases from day 1. Then when it's all said and done, I think you only get a $200 credit line anyhow. The idea is, anyone is approved, but they don't want you to use the card, just open the line of credit, pay the fees and let it report as an open account in good standing.

I know I just got my Capital One card last weekend and I decided to send them an additional $600 deposit so now I should have and $800 limit, but it's not showing up yet.

Honestly, I was looking at a place called Merrick Bank for my second card because their secured card is a Visa and for whatever reason, my whole family is partial to Visa. But then a friend pointed me toward USAA because they let you put your deposit in a CD that earns interest instead of just holding on to your money for 2 years. I would then have 2 Mastercards, but I see no advantage in taking the Amex. Several businesses in this small town are dropping Amex and will no longer accept it due to higher merchant fees.

Of course I'm sure I haven't been looking hard enough......every time I look a little more something else pops up.

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Postby kashmac123 » Wed Sep 05, 2012 11:46 pm

shoptalk01 wrote:Does anyone here have USAA? Do they allow non-military to join and have secured credit cards?
.


Sorry Folks, the real answer as of today is no. Non-military can open a checking and savings account but not the secured
mastercard.

My hope for this card was dashed to the winds today. I have been on the net and phone trying to find a bank that simulates
the usaa mastercard. Not easy to find. I am still working on it. I am not giving up on this this bank will be found.

Meerick is one of the worst you can get. Try the APPLIED BANK MASTER CARD NO MONTHLY FEES ONLY $50 A YEAR.
9.99% APR. This will be my next card. I still want one like Usaa has.

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Thu Sep 06, 2012 4:39 pm

You could always join the military and qualify for it on your own. There are other great benefits to serving our country besides USAA.
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kashmac123
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Postby kashmac123 » Thu Sep 06, 2012 5:53 pm

PlatinumAMEX94 wrote:You could always join the military and qualify for it on your own. There are other great benefits to serving our country besides USAA.


This is one of many perks that us civilians can't take advantage of.

It's only there lose and something for other banks to gain.

I did my time for my country in a non military way. It was hard work.
Someone had to do it and that was me.



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