BEST MILITARY CREDIT CARDS (Best Credit Cards For Active Duty Military Members)
Mark Reese // Credit & Finance
•September 22nd, 2020
DESCRIPTION
If you’re active duty military and want to maximize credit card rewards, then you have access to some special benefits that waive the annual fees! Click "Show More" to see Ad Disclosure.
Let’s discuss the best credit cards for military members so you can earn more cash back or travel points when vacation time comes.
Covering this topic is Joe from CreditKim! Check out his channel & subscribe here:
https://www.youtube.com/channel/UCmfqMXSMJwBJpIr7WkMQnqA
💳👉VIEW CREDIT CARD OFFERS!
https://markscreditcards.com/offers
🛍 RAKUTEN - Earn Cash Back!
http://markscreditcards.com/rakuten
‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100:
http://markscreditcards.com/webull
The Servicemembers Civil Relief Act (SCRA) gives active duty U.S. military members access to financial relief and protections.
In general, you may qualify for the SCRA if you are: active duty military, national guard on federal orders, reservist on federal active duty.
The Military Lending Act (MLA) was implemented by the Department of Defense (DoD) to protect active duty military members, their spouses, and their dependents from certain lending practices.
The qualifications for the MLA are similar, but the benefits also extend to active military members’ spouses and dependents.
With that said, let’s dive into those military credit cards!
1. USAA CASHBACK REWARDS PLUS AMERICAN EXPRESS CARD
This USAA credit card is great because it allows you to earn cashback at gas stations, military bases and grocery stores.
Here is the cash back rewards breakdown:
- 5% cash back on your first $3K in combined gas station and military base purchases each year
- 2% cash back on your first $3K in grocery purchases each year
- 1% cash back on everything else with no limits
There is NO penalty APR, NO annual fee, and NO foreign transaction fees.
You can check your balance, rewards, and more with the USAA mobile app or on USAA.com. Your cash back normally posts within 48 hours after your transaction posts to your credit card account.
Here’s the link to the Benefits Guide: https://www.usaa.com/banking/credit-card-benefits-guide
2. AMERICAN EXPRESS PLATINUM CARD
The Amex Platinum Card is a metal ‘credit’ card with an annual fee of $550 that can be WAIVED entirely for you! So, for $0 out of pocket, here’s what you can get access to:
Earn 5X points on airfare
Earn 5X points on prepaid hotels on AmexTravel.com
Earn 1X points on everything else
Uber Rides with Platinum: Get a $200 annual credit to use on Uber rides and on Uber Eats, broken down into $15/mo. and $35 in December.
$100 Saks Fifth Avenue credit
$200 Airline Fee Credit
Fine Hotels & Resorts Program
The Hotel Collection
Marriott Bonvoy Gold Elite Status
Hilton Honors Gold Elite Status
Car Rental Privileges
Airport Lounge Access
No foreign transaction fees, car rental loss & damage insurance, and more!
3. CHASE SAPPHIRE RESERVE CARD
The Chase Sapphire Reserve is one of the best travel credit cards ever released. It’s a metal credit card with a $550 annual fee that can be waived! Here are some of the benefits:
Earn 50,000 points after spending $4K in the first 3 months.
Earn 3X points on travel & dining
Earn 1X points on everything else
Chase Ultimate Rewards points are worth 1¢ each toward cash back and 1.5¢ each toward travel on the portal (potentially even MORE when transferred to partner programs like Hyatt and Southwest Airlines)
$300 annual travel credit
Up to $100 credit toward Global Entry or TSA Precheck
Airport lounge access via Priority Pass
The Luxury Hotel & Resort Collection
Lyft benefits
DoorDash benefits
No foreign transaction fees
Primary rental car insurance
And more!
3. AMERICAN EXPRESS GOLD CARD
The Amex Gold Card is another metal ‘credit’ card with an annual fee of $250 that can be waived. Here are some of the benefits:
- 4X points on U.S. supermarkets
- 4X points on dining worldwide
- 3X points on flights
- 1X points on everything else
You’ll also receive an annual $100 Airline Fee Credit and a $120 annual dining credit ($10/mo.)
Some other great credit cards for military: PenFed Power Cash Rewards Visa Signature Card, Navy Federal Credit Union Visa Signature Flagship Rewards Credit Card, Navy Federal Credit Union nRewards Secured Credit Card (for building credit), U.S. Pride Credit Card (for 0% APR), Navy Federal Credit Union Platinum Credit Card (for balance transfers).
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#militarycreditcards #scra #creditcards
Never miss a video from Mark Reese // Credit & Finance
Subscribe to get notified when new content drops.