military credit services

Military Credit Services - The best credit cards for military service members include a cash-back card, a great card for basic purchases, a travel card, and more. These cards often come with perks that go above and beyond.

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Military Credit Services

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These offers are no longer available on our website: USAA® Cashback Rewards Plus American Express® Card, USAA® Rate Advantage Visa Platinum® Card

Eligible active duty members are entitled to certain benefits and financial protections through the Servicemembers Civil Relief Act, or SCRA. But beyond that, some credit card issuers offer other perks that you should know about.

Serving Servicemembers, Veterans, And Military Families

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Here's why: This card offers great travel perks, but the biggest perk is that American Express can waive the $695 annual fee for active duty military members.

In fact, American Express can waive the annual fee on any of its cards for eligible active duty military once they sign up and are approved for SCRA benefits, making this premium card a very low-cost option.

Five Membership Rewards points per dollar spent on eligible hotels booked through AmexTravel.com and five points per dollar spent on flights booked directly with airlines or American Express Travel up to $500,000 spent per calendar year, then one point per $1 will earn. .

Chase Military Credit Cards

Here's why: The USAA® Cashback Rewards Plus American Express® Card helps military personnel stationed on a military base maximize their cashback benefits.

The USAA® Cashback Rewards Plus American Express® Card offers 5% cash back on your first combined $3,000 in gas and eligible military base purchases each calendar year. Once you spend $3,000, you'll get 1% back. Qualifying purchases on military bases include commissaries, exchanges, and warehouses.

You'll earn 2% cash back on the first $3,000 you spend on supermarket purchases each year (1% back after that). On all other purchases, you will get 1% cash back.

Does the card have a $0 annual fee – and foreign transaction fees? no one. But you'll need to join USAA to apply for the card. Both active duty and retired service members are eligible to join other military-related personnel and their families.

Military & Veteran Services

Find out why we think the USAA® Cashback Rewards Plus American Express® Card is one of the best USAA cards.

Here's why: You can maximize your cash rewards with the daily bonus categories offered by the Blue Cash Preferred® Card from American Express—and if you're an active, eligible member of the service, you don't have to worry about balancing your rewards. Along with the card's normal annual fee.

Because the annual fee ($0 introductory annual fee for the first year, $95 thereafter) can be waived for eligible active duty members who are enrolled and approved for SCRA benefits. Any rewards you earn with the Blue Cash Preferred® Card from American Express can go right into your pocket, with no cost to own it every year you're eligible.

After you open accounts and spend $3,000 on purchases in the first 6 months, you'll receive a $250 statement credit.

Armed Forces Credit Union Launched To Give Services Alternative To Payday Lenders

Here's why: The USAA® Rate Advantage Visa Platinum® Card has a special low interest rate during deployment or PCS.

Active military service is charged only a maximum of 4% APR on that balance for the remainder of the qualifying period of active duty.

The card offers an introductory 0% APR for 15 months on balance transfers that register in your account within 90 days of opening. There is still a 3% fee on balance transfers and a 3% fee on cash advances.

After the active service or balance transfer trigger period ends, there is a regular variable APR of 10.65% - 27.65% on new purchases, cash advances and balance transfers.

How To Get A Military Id Card Or Veteran Id Card

The card has a $0 annual fee — and its foreign transaction fees? no one. Remember you must join USAA to apply – active and retired members as well as other military affiliates and their families are eligible.

To select these cards, we looked for options that offer the best benefits for active duty military. We also considered cards that offer special benefits to military personnel, such as annual fee waivers or lower interest rates for specified periods.

We've provided options based on different cardholders' interests and needs, such as getting the most out of your prime time by frequent flyers, earning cash back, or earning rewards on your purchases at deployment.

Here are some tips on choosing the best credit card for you while in the SCRA and the military.

In Support Of Our Service Members, Morris County Vows To Commit

The SCRA limits the interest that eligible active duty service members can be charged on accumulated credit card debt.

There is one exception - a creditor can ask a court to determine whether your ability to pay higher interest is not significantly affected by military service. But if they're not covered by this exception, eligible active duty members only have to pay 6 percent interest on credit card debt they had before they started military service. To learn more about the Service Member Civil Relief Act, visit the SCRA website.

If you travel frequently, we recommend choosing a card that offers travel benefits, such as credit on airline or hotel purchases. If you're working to lower a balance on a high-interest card, you may want to consider a credit card with an introductory APR offer on balance transfers. You can even maximize your basic spending with certain cards that earn you cash back.

Even if you're not looking for a new card, check with your current credit card issuers to see if they offer special benefits to service members. Some credit card companies go even further, offering lower rates and even waiving annual fees for eligible active duty members.

Best Banks And Credit Unions For Military Members 2023

About the Author: Lynn Mettler is an Indianapolis-based writer specializing in finance, food and travel. She is the author of "The Step-by-Step Guide to Flying Free on Southwest Airlines" and loves showing people how they can use their miles to… read more.

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