The best credit cards for veterans are cards issued by military-related financial institutions such as PenFed, USAA and the Navy Federal Credit Union because they offer some of the lowest interest rates and fees. Most of these cards come with pretty good terms, including no annual fees and the possibility of below average APRs. In addition, you can find competitive rates on cash back and rewards, and some cards will even make a contribution to veteran charities when you spend.
Here are the best credit cards for veterans:
Travel rewards: Navy Federal Credit Union Visa Signature Flagship Rewards 30,000 points worth $300 toward travel for spending $3,000 in the first 90 days. 2 points per $1 on all purchases. $49 annual fee waived the first year. No foreign transaction fee. Requires excellent credit.
Gas and grocery purchases: PenFed Platinum Rewards Visa Signature $100 statement credit for spending $1,500 in the first 90 days. 5 points per $1 on gas, 3 on groceries and 1 on all other purchases. No annual fee or foreign transaction fee. Requires excellent credit.
Supporting charity: Disabled American Veterans USAA Rewards Visa Signature 2,500 bonus points after making your first purchase. 1 point per $1 on all purchases. Option to donate points to military charities. USAA donates to Disabled American Veterans when you open an account, make purchases and keep your account active. No annual fee or foreign transaction fee. Requires fair credit.
Balance transfers: Amex EveryDay 0% balance transfer APR for 12 months with no fee for 60 days. 0% purchase APR for 12 months. 10,000 bonus points after spending $1,000 in the first 3 months. 2 points per $1 on up to $6,000 each year at U.S. supermarkets and 1 on everything else. 20% more points when you use your card at least 20 times in a billing period. No annual fee. 2.7% foreign transaction fee. Requires good credit.
Medical bills: Chase Freedom Unlimited $150 bonus for spending $500 in the first 3 months. 1.5% cash back on all purchases. 0% APR on purchases for 15 months. 0% APR on balance transfers for 15 months with 5% fee. No annual fee. 3% foreign transaction fee. Requires excellent credit.
Service animal spending: Amazon Credit Card $50 gift card when you’re approved ($70 for Amazon Prime members). 3 points per $1 at Amazon and Whole Foods (5 for Prime members), 2 at gas stations, restaurants and drug stores and 1 on everything else. Can redeem points at Amazon checkout or for gift cards. Amazon has tons of stuff for pets and working animals! No annual fee. Requires good credit.
Bad credit:Navy Federal Credit Union nRewards Secured 1 point per $1 on all purchases. $500 minimum security deposit. 10.24% - 18% (V) APR. No annual fee or foreign transaction fee.
As you can see, there are lots of credit cards available to help veterans save. And that’s only fitting. Thank you for your service!
There are 4 credit cards especially for veterans: the USAA Cashback Rewards Plus American Express Card; the PenFed Power Cash Rewards Visa Signature Card; the Navy Federal Credit Union Go Rewards Credit Card and the USAA Rate Advantage Platinum Visa.
USAA and NFCU give the best cards for that purpose, since you need to be a veteran (or in active duty) to get them.
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