*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
This article was last updated Oct 09, 2017, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.
If you are in the military or have military affiliation, then the Military Star Rewards MasterCard may be a credit card you should consider carrying. This credit card is accepted everywhere that MasterCard is honored, but is specifically designed for military personnel and others who have shopping privileges at military exchange retailers.
Military Star Rewards Card Features
- Earn 2% cash back on purchases at the Exchange, MilExch.com, Express Fuel Stations, MWR Merchants, and the Commissary. Earn 1% cash back on other purchases
- Earn 2% cash back on all purchases for the first 60 days of card membership*
- Rewards can be redeemed for cash back, gift cards, or travel
- No caps or limits on how much you earn and points do not expire
- Eligible to receive Blue Star Deployment Benefits*
Rates and Fees
- No annual or foreign transaction fees
- 10.24% APR on purchases
- 0% Introductory APR for 12 months on balance transfers
- Balance transfer fee of $5 or 3% of the amount of each transfer, whichever is greater
Two Versions of the Military Star Card
It is important to understand that there are two versions of the Military Star card. The standard card is only accepted at military exchange retail stores. The second is the Military Star Rewards MasterCard, which is accepted anywhere in the world where MasterCard is accepted; it makes no difference whether the merchant is of military affiliation or not.
If you qualify for a Military Star Rewards MasterCard, you may also qualify for other non-military affiliated credit cards. It would be wise to do some comparison shopping to find the plastic that is right for you. Earning 2% cash back at exchanges – and everywhere during the first 60 days of card membership – is an attractive feature, and 0% APR on balance transfers during the first year is another great feature. Paying just 10.24% APR on purchases is very reasonable compared to most credit cards in today’s market, even for those with excellent credit.
The Bottom Line
We think this is a great rewards card for any consumer, although it’s only available to those of uniformed services. The APR would be hard to beat anywhere else, but there are some cards out there that can earn you even more robust cashback through their rewards programs, even earning 2% at any of the above listed Military store locations. Apply for the Military Star Rewards MasterCard and to see the terms and conditions.
It always pays to shop around and compare, and then choose a credit card that best meets your particular needs and matches your spending habits and credit eligibility. Here are a few more credit card offers you may want to consider:
Citi® Double Cash Card – 18 month BT offer – This credit card has a very simple and lucrative rewards program that will earn you cash back twice on every purchase. Cardholders earn 1% cash back when you buy and 1% cash back as you pay for those purchases. This card keeps it simple with no reward restrictions, caps, rotating categories, or annual fee. This card also has an intro APR of 0%* for 18 months on Balance Transfers*, making it one of the best balance transfer credit cards on the market!
Bank of America® Cash Rewards Credit Card– There is a $0 annual fee with this card. Cardholders will enjoy 0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days and 0% Introductory APR on purchases for 12 billing cycles. Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter.
Simmons Bank Visa® Platinum Rewards -This card has a great on-going APR of 9.25% variable and cardholders can earn 1 point per dollar spent. There are no balance transfer fees and rewards can be applied to travel related options such as for hotels, cruises, vacation packages, car rentals, and restaurants.
* Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.