How to choose the best military credit card | finder.com
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Compare the best credit cards for military members

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Discover the benefits of a travel, gas or cashback card designed for servicemembers.

Many credit lenders offer special terms under the Servicemembers Civil Relief Act (SCRA) to help alleviate some of the financial pressure military service members experience during duty. These benefits include waived fees, lower APRs, and even unique military-specific cards.

$550 annual fee waived for active-duty military

The Platinum Card® from American Express

  • Earn 60,000 Membership Rewards® points after you use your new card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5x Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5x Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn more.
  • $200 airline fee credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms apply.
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Compare credit cards for military servicemen and family

Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$550
None (Charge Card)

N/A

Get 5x Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5x points on eligible hotels booked on amextravel.com. Rates & Fees
$450
19.24% to 26.24% variable

N/A

Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
See terms
12.15% to 28.15% variable

N/A

Earn 2x points on gas and groceries and 3x points on dining. Earn 1x points for all other purchases.
$0
12.15% to 28.15% variable

N/A

Earn 2x points on gas and dining and 1x points on all other purchases.
$0
15.74% to 25.74% variable
0% for the first 18 months (then 15.74% to 25.74% variable)
Earn 1% cash back when you pay off your card, on top of the 1% cash back you earn when you make purchases. No annual fee.

Compare up to 4 providers

Best military credit cards

The best card for you depends on your spending habits, lifestyle and needs. We’ve rounded up some of the top credit cards for service members offering top rewards on top of SCRA bonuses.

Best travel card: The Platinum Card® from American Express

The Platinum Card® from American Express

  • 5x points on flights booked directly with airlines or travel booked through American Express.
  • Annual fee waived for active-duty military under the SCRA (usually $550).
  • 60,000 Membership Rewards points after you spend $5,000 in purchases in the first 3 months your account is open.
  • Up to $200 in airline fee and $100 in Global Entry or TSA PreCheck credits annually.
  • Up to $200 in Uber credits each year.

Best gas card: USAA® Cashback Rewards Plus American Express® Card

USAA® Cashback Rewards Plus American Express® Card

USAA® Cashback Rewards Plus American Express® Card

  • No annual or foreign transaction fees.
  • 5% cash back on gas and spending at military bases on up to $3,000 in combined purchases annually.
  • 4% fixed APR for 12 months when deployed or in a permanent change of station. If you enter active duty, USAA extends the rate until a year after you complete your duty.

Best cashback card: Citi® Double Cash Card

Citi® Double Cash Card

Citi® Double Cash Card

  • No annual, foreign transaction, late payment or other fees under SCRA.
  • 0% fixed APR for balances carried from before entering active duty and extended until the end active duty.
  • 1% cash back on all purchases — with no limit. Plus, earn an additional 1% back when you pay for those purchases.

What is the Servicemembers Civil Relief Act?

The Servicemembers Civil Relief Act (SCRA) is a law designed to ease the financial burdens of service members and their families during military service. Enacted in 2003, the SCRA has undergone several amendments since. Today, it covers financial issues that include security deposits, rental agreements, mortgage interest rates, life insurance and credit card interest rates.

Under the SCRA, credit card companies are required to provide specific benefits to military members, usually in the form of waived fees and APR rates no higher than 6% on balances accrued prior to active duty. Many credit lenders offer even stronger benefits to honor service members.

How to apply for the SCRA

Applying for SCRA benefits varies by lender. Typically, you apply for the financial product you’re interested in, and the provider requests proof of your enlistment or military orders.

SCRA benefits are available to:

  • Active-duty service members of the Army, Navy, Marine Corps, Air Force or Coast Guard.
  • Any activated reservists.
  • National Guard members called to active duty.
  • Commissioned officers of the Public Health Service or National Oceanic and Atmospheric Association.
  • Spouses or dependants of active-duty servicemembers.

Tips to maximize SCRA benefits

  • Take advantage of your rewards. A premium credit card with SCRA benefits can provide accelerated rewards in categories like gas or travel without a high annual fee.
  • Transfer your balances. Balance transfers allow you to efficiently pay off your existing debts from other accounts under the more beneficial terms of your SCRA credit card.
  • Extend your benefits to family. Some providers allow spouses or close family to apply for cards with SCRA benefits. Taking advantage of this opportunity can diversify your potential card rewards.

Issuers that offer military credit card benefits

IssuerBenefits
American Express
  • Waived fees
  • 6% fixed APR on eligible preservice balances
Bank of America
  • Waived fees
  • 6% fixed APR during active duty and extended 6 months after SCRA-eligible period ends
Barclaycard
  • Waived fees on accounts opened prior to duty
  • 0% fixed APR for preservice balances and new transactions
Capital One
  • Waived fees on accounts opened prior to and during active duty
  • 4% fixed APR during active duty and up to 1 year after
Chase
  • Waived fees on accounts during active duty and 1 year after
  • 4% fixed APR during active duty and 1 year after
Citi
  • Waived fees on accounts opened prior to duty.
  • 0% fixed APR during military service on accounts opened prior to active duty.
Discover
  • Waived late fees and overlimit fees.
  • Up to 5.9% SCRA APR on balances accrued prior to or during active duty.
U.S. Bank
  • Waived fees on accounts opened prior to active duty.
  • 6% fixed APR on preservice balances during active duty.
Wells Fargo
  • 6% fixed APR on preservice balances during active duty.

Issuers that design cards for military members

Some credit unions offer cards specifically designed for members of the military. These cards often provide unique benefits tailored to the needs of service members.

USAA

USAA is a credit union that’s open to members of the military and their families. Once you’re a member, you’re eligible for credit cards that offer solid rewards like 3x points at restaurants and 2x points at gas stations and grocery stores.

USAA cards offer a 4% fixed APR, which is lower than the 6% required under the SCRA.

Navy Federal Credit Union

One of the largest credit unions in the country, Navy Federal offers membership to military members, Department of Defense employees, and family members of service members.

Its credit cards offer variable interest rates as low as 8% with no annual fee, though debts incurred on accounts prior to active duty receive the 6% fixed APR required under SCRA. Other benefits include no balance transfer or foreign transaction fees, among more traditional perks like access to FICO credit scores, fraud notifications and zero liability.

Pentagon Federal Credit Union

You’re eligible for join PenFed if you’re a member of the United States Armed Forces, a US government employee or a family members.

The credit union offers credit cards with no annual fee, low APRs and strong rewards, a few offering up to 4x points on select purchases. Cards are compatible with Apple Pay and other mobile payment apps, while offering 24/7 fraud monitoring and no liability on unauthorized charges.

How to compare military credit cards

With so many top options available to service members, it can be daunting to choose the best for you. As you narrow down your choices, ask yourself:

  • Does my military service require travel? You’ll find cards that offer travel perks like waived foreign transaction fees and even accelerated points on military bases.
  • Do you have a family? Military-focused credit unions often extend membership to family of service members, which can help you grow your credit line and pay off existing debts under SCRA terms.
  • Will you maintain spending? Annual fees, standard APRs and waived fees often revert some time after your retirement from active duty, leading to unexpected and unwanted costs.

Bottom line

No matter your spending habits or financial circumstances, you can often leverage your military service to grow your credit and get your financials in order. Many credit unions tailor strong benefits and rewards for military members, including waiving annual fees and high APRs on strong rewards cards.

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