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.
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.
- USAA® Rewards™ American Express® CardView All
USAA® Rewards™ American Express® Card - USAA® Rewards™ American Express® Card: Earn rewards, military-friendly.
- USAA® Cashback Rewards Plus American Express® CardView All
USAA® Cashback Rewards Plus American Express® Card - USAA Cashback Rewards Plus Amex: 5% gas, 2% groceries.
- USAA® Rate Advantage Visa Platinum® CardView All
USAA® Rate Advantage Visa Platinum® Card - Low-interest, military-focused Visa card with minimal fees.
- Navy Federal Credit Union® cashRewards Credit CardView All
Navy Federal Credit Union® cashRewards Credit Card - Navy Federal cashRewards Card: Unlimited 1.5% cashback.
- Navy Federal Credit Union® GO REWARDS® Credit CardView All
Navy Federal Credit Union® GO REWARDS® Credit Card - Cashback rewards, low APR, no annual fee.
- Navy Federal Credit Union® Platinum Credit CardView All
Navy Federal Credit Union® Platinum Credit Card - Low-interest, no annual fee credit card for military members.
- PenFed Power Cash Rewards Visa Signature® CardView All
PenFed Power Cash Rewards Visa Signature® Card - Unlimited 2% cash back, no annual fee, military-friendly.
- PenFed Pathfinder® Rewards American Express® CardView All
PenFed Pathfinder® Rewards American Express® Card - Travel rewards, no annual fee for PenFed members.
- Chase Sapphire Reserve®View All
Chase Sapphire Reserve® - Premium travel rewards card with extensive benefits and perks.
Top 10 Military Benefits Credit Cards
1.
USAA® Rewards™ American Express® Card
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
Pros
- 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
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.
7.
PenFed Power Cash Rewards Visa Signature® Card
Pros
- Unlimited 1.5% cash back
- No annual fee
- No foreign transaction fees
- Introductory APR offers
- Military members earn 2% cash back.
Cons
- Requires PenFed membership
- No bonus categories
- Limited travel benefits
- Cash back redemption minimum
- Average customer support reviews.
8.
PenFed Pathfinder® Rewards American Express® Card
Pros
- No annual fee for PenFed members
- Generous rewards points on travel and dining
- Annual travel credit
- No foreign transaction fees
- Comprehensive travel insurances.
Cons
- Requires PenFed membership
- Reward points redemption options limited
- High APR for carried balances
- No intro APR offer
- Limited acceptance compared to Visa/Mastercard.
9.
Chase Sapphire Reserve®
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.