USAA used to have a secured credit card product that was ideal for youngsters and new service members who needed to establish credit. Approximately a year ago they discontinued that product stating they would soon be launching a "new & improved" version for the first quarter of 2020. Here we are approaching the third quarter, and USAA has yet to keep their word.
Is it really that difficult to launch a secured credit card product? USAA is making it look like it's rocket science.
Meanwhile, when it comes to new servicemembers who are looking for the financial tools necessary to establish credit and manage their finances, we now refer them to Navy Federal Credit Union instead of USAA as we once did.
I appreciate your interest in the secured credit card. During the first half of 2020, we expect to provide a date when applications will return. This should be soon! - Jesse