USAA Savings Credit Card Complaint

Payoff process

USAA Savings Credit card department,

Payoff process Ohio

The payoff process used by USAA breaks the - - credit card -/-/-. I made payments to the credit card for - from - time frame and all payments were applied to a balance transfer rate of 1.9 % instead of the 18.15 % interest rate. Anything over the minimum payment is to be applied to the highest interest rate on the account. Furthermore, I went back to previous statements dating back years and discovered USAA charged full monthly interest on purchases even if the purchase balance existed for a 5 days ( for example ). Over a period of years, both of these equate to large quantities of interest being wrongfully charged to my account.

USAA Savings customer in Ohio
Mar 30, 2016

* Source: CFPB Complaint Database

USAA Savings response to complaint:
Closed with explanation

Consumer disputes how USAA Savings handled their complaint

Created with Highcharts 4.2.3USAA SavingsComplaint HistoryComplaints4/20126/201211/201210/20131/20143/20144/20146/20149/20147/201510/20152/20163/201610/201600.250.50.7511.25Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3USAA SavingsPayoff process78.6%14.3%7.1%Closed with explanationClosed with non-monetary reliefClosed without reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AveragePayoff process0.7%57.5%23.4%7.5%4.7%5.9%0.3%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressSource: Consumer Financial Protection Bureau

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