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Racking Up Credit Rewards

Military Credit Cards

For individuals who are members of the military —Army, Navy, Air Force, Marine Corps, Coast Guard— there are credit cards available for you. Some are specifically designed for service members, and others simply provide additional benefits to active duty cardholders, like American Express and Chase.

  • American Express: American Express has a fee waiver option, which limits the interest rate and waives annual fees, over limit fees, late payment fees, and more.
  • Mastercard: Mastercard offers the USAA Rewards World MasterCard, which is a rewards card for the Armed Forces. USAA has a strong presence in the military insurance and banking space. MasterCard and Chase also offer four rewards credit cards for each branch of the military that supports relevant programs and services. Some benefits include:
    • » Cardholders and their authorized users can earn bonus cash back on all certain military-related purchases.
    • » Cardholders can earn 1% cash back on all other purchases, anytime, with no expiration or rewards cap. Rewards can be redeemed for cash back, gift cards, merchandise, and travel.

Additional club membership benefits include Members First Discounts, a Scholarship Program, and access to special events and promotions. Blue Star Deployment Benefits, will offer a 100% refund on interest and fees incurred during military deployment, no matter how long the deployment lasts, and authorized family members may use the card for purchases while the primary cardholder is away.

The military credit card features offered by Chase & MasterCard make these cards a no brainer for members of the military. You aren’t going to find a better deal with other credit cards because they will most likely have rotating categories for rewards, a higher APR, an annual fee, no deployment benefits, and other fees that credit card issuers still charge military members.

If you’re looking for an alternative military credit card or frequently shop at AAFES merchants, try the MILITARY STAR Rewards MasterCard. You earn 2% cash back when you use your card at Exchange, Express Fuel Stations, Commissary, MilExch.com, and MWR merchants. You will also earn 1% on all other purchases.