Top 10 Military Benefits Credit Cards
Military benefits credit cards are specialized financial tools designed to cater to the unique needs of active-duty service members, veterans, and their families. These cards often come with exclusive perks, such as waived annual fees, lower interest rates, and rewards programs that align with military lifestyles.
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Beyond the basic perks, military benefits credit cards may offer additional advantages like complimentary access to airport lounges, enhanced travel insurance, and special rewards for purchases at military bases. Some cards also provide financial education resources and budgeting tools tailored to the military community. Moreover, these cards can help in building and maintaining a strong credit score, which is essential for future financial stability. Many issuers also extend benefits under the Servicemembers Civil Relief Act (SCRA), such as reduced interest rates on pre-service credit card debt. Overall, military benefits credit cards are crafted to provide financial flexibility and support, acknowledging the sacrifices and unique financial situations of military personnel and their families.
../assets/images/NO_1.webpUSAA® Rewards™ American Express® CardView AllUSAA® Rewards™ American Express® Card - USAA® Rewards™ American Express® Card: Earn rewards, military-friendly.
../assets/images/NO_2.webpUSAA® Cashback Rewards Plus American Express® CardView AllUSAA® Cashback Rewards Plus American Express® Card - USAA Cashback Rewards Plus Amex: 5% gas, 2% groceries.
../assets/images/NO_3.webpUSAA® Rate Advantage Visa Platinum® CardView AllUSAA® Rate Advantage Visa Platinum® Card - Low-interest, military-focused Visa card with minimal fees.
../assets/images/NO_4.webpNavy Federal Credit Union® cashRewards Credit CardView AllNavy Federal Credit Union® cashRewards Credit Card - Navy Federal cashRewards Card: Unlimited 1.5% cashback.
../assets/images/NO_5.webpNavy Federal Credit Union® GO REWARDS® Credit CardView AllNavy Federal Credit Union® GO REWARDS® Credit Card - Cashback rewards, low APR, no annual fee.
../assets/images/NO_6.webpNavy Federal Credit Union® Platinum Credit CardView AllNavy Federal Credit Union® Platinum Credit Card - Low-interest, no annual fee credit card for military members.
../assets/images/NO_7.webpPenFed Power Cash Rewards Visa Signature® CardView AllPenFed Power Cash Rewards Visa Signature® Card - Unlimited 2% cash back, no annual fee, military-friendly.
../assets/images/NO_8.webpPenFed Pathfinder® Rewards American Express® CardView AllPenFed Pathfinder® Rewards American Express® Card - Travel rewards, no annual fee for PenFed members.
../assets/images/NO_9.webpChase Sapphire Reserve®View AllChase Sapphire Reserve® - Premium travel rewards card with extensive benefits and perks.
Top 10 Military Benefits Credit Cards
1.
USAA® Rewards™ American Express® Card
The USAA® Rewards™ American Express® Card offers a range of benefits tailored for military members and their families. It features 2X points on gas and dining, and 1X points on all other purchases, with no annual fee and no foreign transaction fees. Cardholders can also enjoy competitive APR rates, comprehensive travel and purchase protections, and access to USAA's renowned customer service. Ideal for those seeking rewards and robust support without the burden of extra fees.
Pros
No annual fee- Earn rewards on purchases
- Military-friendly benefits
- Travel and retail protection
- 24/7 customer service.
Cons
Limited acceptance compared to Visa/Mastercard- High APR
- No intro APR offers
- Limited bonus categories
- Membership required.
2.
USAA® Cashback Rewards Plus American Express® Card
The USAA® Cashback Rewards Plus American Express® Card offers military members and their families robust rewards, including 5% cash back on the first $3,000 spent annually on gas and military base purchases, 2% on the first $3,000 spent annually on groceries, and 1% on all other purchases. With no annual fee and additional travel and purchase protections, it’s a practical choice for those seeking value and security in their everyday spending.
Pros
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No annual fee
- 5% cash back on gas
- 2% cash back on groceries
- military-focused benefits
- no foreign transaction fees.
Cons
-
Limited to military and families
- high APR for some
- rewards capped annually
- no intro APR
- not widely accepted.
3.
USAA® Rate Advantage Visa Platinum® Card
The USAA® Rate Advantage Visa Platinum® Card is designed for military members and their families, offering a competitive variable APR ranging from 8.75% to 25.75%. It features no annual fee, no foreign transaction fees, and provides benefits such as travel insurance and extended warranty protection. The card is geared towards those with excellent credit, aiming to provide cost-effective financing options without the burden of high-interest rates or extra charges for international use.
Pros
- Low APR
- No annual fee
- No foreign transaction fees
- USAA membership benefits
- Contactless payment.
Cons
- Limited to military members
- No rewards program
- No intro APR period
- Limited acceptance
- Basic card design.
4.
Navy Federal Credit Union® cashRewards Credit Card
The Navy Federal Credit Union® cashRewards Credit Card offers a straightforward cashback rewards program, providing 1.5% cash back on every purchase. With no annual fee, it’s an accessible option for members of the military and their families. The card includes additional benefits such as a competitive APR, no foreign transaction fees, and potential rewards bonuses for qualifying members. It's designed to offer value and convenience, aligning with Navy Federal's commitment to serving its members' financial needs.
Pros
- No annual fee
- Competitive rewards rate
- No foreign transaction fees
- Intro APR on purchases
- Easy redemption process.
Cons
- Limited membership eligibility
- Average APR after intro period
- No balance transfer intro rate
- Limited travel benefits
- No significant signup bonus.
5.
Navy Federal Credit Union® GO REWARDS® Credit Card
The Navy Federal Credit Union® GO REWARDS® Credit Card is designed for members seeking to earn rewards on everyday purchases. It offers 3x points at restaurants, 2x points on gas, and 1x points on everything else. With no annual fee, no balance transfer fees, and competitive interest rates, it's an attractive option for those who frequently dine out and drive. Additional benefits include travel and emergency assistance, making it a well-rounded choice for Navy Federal members.
Pros
- No annual fee
- Competitive APR
- Generous rewards program
- No balance transfer fee
- Redeem points for travel or merchandise.
Cons
- Limited to Navy Federal members
- Foreign transaction fee
- Requires good to excellent credit
- Limited reward point value
- No intro APR for purchases.
6.
Navy Federal Credit Union® Platinum Credit Card
The Navy Federal Credit Union® Platinum Credit Card is a low-interest credit card designed for individuals seeking to manage their finances efficiently. It offers a competitive APR, no annual fee, and no balance transfer fees, making it an excellent choice for those looking to consolidate debt or make large purchases. Cardholders also benefit from fraud protection, 24/7 customer service, and access to digital banking tools, ensuring a secure and convenient financial experience.
Pros
- Low APR
- No annual fee
- No balance transfer fee
- No foreign transaction fees
- Free access to FICO score.
Cons
- Limited rewards
- Requires membership
- No sign-up bonus
- High credit score needed
- Limited credit limit for new members.
7.
PenFed Power Cash Rewards Visa Signature® Card
The PenFed Power Cash Rewards Visa Signature® Card is a cash-back credit card offering 1.5% unlimited cash back on all purchases, with an increased rate of 2% for PenFed Honors Advantage Members. The card features no annual fees, no foreign transaction fees, and provides additional benefits such as travel and shopping protections. It's an ideal choice for those seeking straightforward cash rewards and solid perks without the burden of extra costs.
Pros
- Unlimited 1.5% cash back
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No annual fee
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No foreign transaction fees
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Introductory APR offers
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Military members earn 2% cash back.
Cons
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Requires PenFed membership
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No bonus categories
-
Limited travel benefits
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Cash back redemption minimum
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Average customer support reviews.
8.
PenFed Pathfinder® Rewards American Express® Card
The PenFed Pathfinder® Rewards American Express® Card is a travel-focused credit card offering 3x points on travel purchases and 1.5x points on all other purchases. Cardholders enjoy a $100 annual travel credit and complimentary Priority Pass airport lounge access. No annual fee for PenFed Honors Advantage members, while others pay $95 annually. The card also includes no foreign transaction fees, making it ideal for frequent travelers seeking rewards and travel perks.
Pros
- No annual fee for PenFed members
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Generous rewards points on travel and dining
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Annual travel credit
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No foreign transaction fees
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Comprehensive travel insurances.
Cons
- Requires PenFed membership
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Reward points redemption options limited
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High APR for carried balances
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No intro APR offer
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Limited acceptance compared to Visa/Mastercard.
9.
Chase Sapphire Reserve®
The Chase Sapphire Reserve® is a premium travel rewards credit card known for its generous benefits and flexibility. It offers 3x points on travel and dining, a $300 annual travel credit, and access to over 1,300 airport lounges worldwide through Priority Pass™ Select. Cardholders also enjoy perks like trip cancellation insurance, primary rental car insurance, and no foreign transaction fees. The card comes with a significant annual fee but provides substantial value for frequent travelers.
Pros
- Generous rewards
- Travel credits
- Airport lounge access
- Comprehensive travel insurance
- No foreign transaction fees.
Cons
- High annual fee
- Requires good credit
- Limited transfer partners
- High spending for max rewards
- Complex rewards system.