AceM

Approved with $12k tried a bank transfer from another account to check if that works

This high of a cash back works well for me since i dont travel as much due to medical issues

My paypal account currently is at 2.2% instead of the usual 2.9% i believe, if i spent $9k every mth i could make potentially $27 that way but eh dont think its worth it, now if i had the 3% alliant card that would be a different story

LoneTree

Just signed up for the card from an overseas military/diplomatic address. Just in case you are overseas and not resident in one of the targeted states.

temporarilypoor

I've seen a number of people mention that they have become a USAA member just by having a grandparent in the military. Doesn't the grandparent need to have had USAA insurance/products? Or am I misguided?

garykung

You are not mistaken.

takeshi74

Once can't qualify for USAA via grandparents under current rules -- keep in mind that they can change over time. Parents (or spouse) would have to be members. Current eligibility info is on their site.

A grandparent who served could make one eligible for NFCU under certain conditions.

cdog999

Any word on when this thing is getting released to all the states. Half the states hardly seems like a Pilot...

stockpile

I've gotten 2.5% on everything EXCEPT taxes. Same issue here...Overall it's an OK DD.

takeshi74

No idea -- best bet is to look at history to see how they have rolled out in the past. Pilot programs can be of varying sizes.

serpens

What effect does the age of a credit card have on a credit report or credit score? My current USAA card is over 25 years old. If I replace it with a brand new card, how much does that hurt my credit score? How long does the reduction last?

fredc84

If you get rid of it without product changing it then eventually it'll hit your score. I made that exact mistake with USAA with a card I had for about 30 years. The hit, though, won't hit your score for 10 years since cancelled cards stay on for that long. Try calling USAA to try to change your current card to a no annual fee version (if it has a fee) or just reduce the credit limit on it and then sock draw it (if it doesn't have a fee).

takeshi74

It's difficult to give you the answer you're looking for. First of all, there are a number of scoring models out there and they don't alll evaluate credit report data the same way. Even if we picked FICO 8 -- currently the most commonly used model -- we don't know the specifics of how the model assesses such a change. The best readily available info we have is:
http://www.myfico.com/credit-education/whats-in-your-credit-score

There is no immediate impact to your Average Age of Accounts from closing an account since AAoA includes open and closed accounts. Closed accounts generally continue to show up on reports for 10 years but they can fall off earlier. Can you accurately predict alll changes that will happen to your credit 10 years from now to calculate what your AAoA would be at that point in time?

Additionally, impact to AAoA isn't just about the account itself but your AAoA specifically and how having a closed account drop off or a new account added would affect it. Generally speaking, those with older accounts and more accounts will see less of an impact while those with younger and/or fewer accounts will see more of an impact. AAoA is just an average. You can calculate impact to your AAoA manually, use a spreadsheet or use one the many online calculators.

I'd say the tl;dr version of all this is that if you're going to fret over AAoA then keep a close eye on the accounts you're thinking of opening instead of worrying about the accounts you're thinking of closing. If you have a 25 year old account and a number of other accounts then you probably don't need to worry about your AAoA.

I've closed old accounts a number of times and my FICO 8's are well into the 800's. While you do want to keep AAoA in mind, you don't have to hoard accounts or keep every single old account open for good credit.
Doesn't hurt to ask but USAA doesn't do product changes. I just closed out a couple of old USAA cards so I could open my Limitless.

serpens

The USAA agent, after saying there was no way to change the current card, suggested keeping the old account open even if I have no plans to use the card ever.

Thank you. Since you know more about it than I do and you just closed a couple of accounts, I will figure that other factors are more significant.

mikesyr18

That literally makes zero sense.

1% cash back isn't stated anywhere in the rewards terms and conditions.

https://mobile.usaa.com/inet/wc/cred...kredirect=true

fredc84

It helps if you read someone's entire post. " She said the 1% was a new card member promotion, it won't last." I didn't lie, they gave me 1% for the charge...believe if you want.

mikesyr18

I've had this card for four months. The card has been out since October and I've been discussing it since then. There was never a 1% promotion for "financial transactions." Tax payments should count as a purchase anyways, and I'd be arguing that.