USAA-Classic_Amex

USAA Classic American Express® Review


The USAA Classic American Express card can help improve your credit. USAA Bank products are only available to military members, veterans who have received an Honorable discharge, and their eligible family members. As a cardholder you get to see your credit score for free each month.

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Advertiser Disclosure

Get a card that can help improve your credit.

Reports monthly to the 3 major credit bureaus.

Free monthly credit score tracking.

Card Details

Credit Needed

Applicants should have a credit score of 600 or higher for a better chance of approval, although this is not required to apply. Generally credit card issuers base their decisions on a variety of factors when deciding to approve applicants.

Card Rewards

There are no rewards for this card but USAA will periodically consider you for an automatic upgrade to a premium credit card based on improved credit and your account history.

Benefits

The best benefit of the USAA Classic American Express card is that it will grow with you as your credit gets better. Once your credit improves USAA will automatically consider you for a premium USAA rewards or cash back card. Cardholders enjoy the benefit of belonging to a bank that earned the top spot for banks in customer service ratings. In 2014 Forrester Research, Inc., USAA ranked highest of all banks and credit card providers for customer experience.

Retail and Travel Benefits
  • Collision damage waiver coverage pays for physical damage and theft to most rental vehicles.
  • Identity theft resolutions services provides assistance should you become the victim of identity theft.
  • Extended warranty extends your manufacturers or U.S. store brand warranties for up to one year.
  • Travel accident insurance provides coverage for you and your family members when your card is used to purchase common carrier travel tickets.
Free Credit Score

Cardholders get access to monthly credit score tracking. The score tracking feature allows you the opportunity to see what’s helping your score and what’s hurting your score.

Reports to Major Credit Bureaus

Your payments are reported to all three major credit bureaus, Experian, Equifax and Transunion.

Pros

There is an opportunity to rebuild credit fast with this Card. Make consistent, on-time payments and you could improve your credit rating — sometimes in as little as 12 months.

Cons

There is an annual fee of $35.

Tips to Manage New Credit

When rebuilding credit apply for new credit sparingly. A few credit cards can help you establish a solid credit history. Once your credit scores improve you will be qualified for credit cards with better rewards and no annual fee.

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    Summary of Key Benefits:
  • USAA Bank products are only available to military members, veterans who have received an Honorable discharge, and their eligible family members.
  • Make consistent, on-time payments and you could improve your credit rating — sometimes in as little as 12 months.
  • USAA will periodically consider you for an automatic upgrade to a premium credit card based on improved credit and your account history.
The editorial content on this page (including, but not limited to, Pros and Cons) is not provided by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. The credit card offers that appear on this site are from credit card companies from which this site may receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.

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