With countless credit card options and varying qualification requirements, finding the right one can feel overwhelming—especially when factoring in military-specific perks like fee waivers and rate protections. We know there’s no one-size-fits-all solution for servicemembers, which is why we’ve organized our recommendations by benefit categories, making it easy to focus on the rewards and features that matter most to you.
In this guide, we’ll simplify the process and help you discover the best credit cards designed to meet the unique needs of military members and veterans.
Summary of the Best Credit Cards
| Credit Card | Best For | Annual Fee | Intro Bonus | Apply Now |
|---|---|---|---|---|
Chase Freedom Unlimited® | Best Overall | annual_fees | bonus_miles | |
The Platinum Card® from American Express | Active Duty Military | annual_fees (before SCRA/MLA benefits) | bonus_miles | |
Capital One Venture X Rewards Credit Card | Travel Rewards | annual_fees (before SCRA benefits) | bonus_miles | |
Southwest Rapid Rewards® Priority Credit Card | Airline Rewards | annual_fees (before SCRA/MLA benefits) | bonus_miles | |
 Navy Federal cashRewards Card | Simple Cash Back | $0 | Earn $250 cash back when you spend $2,500 within 90 days of account opening Expires on Mar. 31, 2025. | |
Capital One Quicksilver Student Cash Rewards | Students | annual_fees | bonus_miles | |
 Navy Federal nRewards® Secured Credit Card | Building Credit | $0 | N/A | |
USAA Rate Advantage Credit Card | Balance Transfers & Low Rates | annual_fees | bonus_miles | |
Chase Ink Business Cash® Credit Card | Small Businesses | annual_fees | bonus_miles | |
 PenFed Platinum Rewards Visa Signature Card | Gas Rewards | $0 | Earn 15,000 bonus points when you spend $1,500 in the first 90 days of account opening. |
| Credit Card | Best For | Apply Now |
|---|---|---|
Chase Freedom Unlimited® | Best Overall | |
The Platinum Card® from American Express | Active Duty Military | |
Capital One Venture X Rewards Credit Card | Travel Rewards | |
Southwest Rapid Rewards® Priority Credit Card | Airline Rewards | |
Navy Federal cashRewards Card | Simple Cash Back | |
Capital One Quicksilver Student Cash Rewards | Students | |
Navy Federal nRewards® Secured Credit Card | Building Credit | |
USAA Rate Advantage Credit Card | Balance Transfers & Low Rates | |
Chase Ink Business Cash® Credit Card | Small Businesses | |
PenFed Platinum Rewards Visa Signature Card | Gas Rewards |
Compare the rates, fees, and rewards of top credit cards for military servicemembers and veterans, including cards with waived annual fees under the SCRA, with our Card Finder tool powered by CardRatings.
Best Overall
Chase Freedom Unlimited®
Summary
The card_name offers an automatic 1.5% cashback on all purchases, with additional cashback in bonus categories up to 5%.
There are no rotating categories, cashback limits, or minimum reward redemption requirements. There is also no annual fee, and your rewards don’t expire as long as you keep your account open.
But, if you’re planning to travel, consider a different card, as the 3% is steep compared to many cards with no foreign transaction fees.
Learn how to apply for the Chase Freedom Unlimited® here.
Card Details
- Welcome Bonus: bonus_miles_full
- Annual Fee: annual_fees
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- 5% cashback on travel purchases made through the Chase Ultimate Rewards(R) platform
- 3% cashback on drugstore purchases
- 3% cashback on dining at restaurants (including takeout and eligible delivery service)
- 1.5% cashback on all other purchases with no limits and your rewards don’t expire
- No annual fee, no limits on cashback, and rewards don’t expire
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more
- Member FDIC
- See all card details and find out if you qualify here
The Military Wallet’s Take
Pros
- Offers trip cancellation, interruption insurance, purchase protection, extended warranty coverage, and fraud protection.
- No rotating categories or enrollment is required, making it easy to maximize rewards.
Cons
- Charges a 3% fee on foreign transaction purchases
- Charges 3% of the amount transferred (minimum $5) during the intro APR period, increasing to 5% after.
- The bonus and rewards rate may seem modest compared to cards with higher annual fees but more robust travel or cashback programs.
Best Credit Card For Active Duty Military
Thanks to protections offered by the SCRA and MLA, qualifying active-duty military members and their spouses can enjoy top-of-the-market credit cards while avoiding the annual fee.
This is why our top pick for the best credit card for active duty military in 2025 is a premium card with stand-out benefits but notably high annual fees. The fee exemptions offered to qualifying active duty members make this card extremely valuable with little downside.
Compare cards with active-duty member fee waivers under SCRA/MLA here.
The Platinum Card® from American Express
Summary
American Express offers one of the best money-saving perks to military servicemembers—it provides relief on the fees for its credit cards, including annual membership fees, late fees, and returned payment fees, thanks to protections under the SCRA & MLA. You can read our full review here.
The perks of the Amex Platinum Card, combined with the fee waiver, make its benefits unbeatable, especially for active duty servicemembers who frequently travel within the country or abroad, all without having to worry about the usual annual_fees annual fee.
Find out if you’re approved with no impact to your credit score.
Card Details
- Welcome Bonus: bonus_miles_full
- Annual Fee: annual_fees (before SCRA/MLA benefits for active duty members)
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- Earn 5X Membership Rewards® Points on flights booked directly with airlines or with American Express Travel, up to $500,000 per calendar year, and on prepaid hotels booked through American Express Travel.
- Receive up to $200 in statement credits annually for prepaid Fine Hotels + Resorts® or The Hotel Collection bookings (minimum two-night stay) made through American Express Travel.
- Get up to $240 in digital entertainment credits annually for purchases made with the Platinum Card® on select services. Enrollment required.
- Enjoy a Walmart+ membership with a monthly statement credit covering the cost, including applicable sales tax. Enrollment and auto-renewal required.
- Up to $200 in airline fee credits annually for incidental charges with your selected airline. Enrollment required.
- Up to $200 in Uber Cash for rides or eats orders in the US annually, plus Uber VIP status. Available to the Basic Card Member only.
- Up to $300 in statement credits annually for Equinox memberships. Enrollment required.
- Up to $189 in CLEAR® Plus credits annually for faster security at airports and venues. Enrollment required.
- Receive a statement credit for the Global Entry ($100 every 4 years) or TSA PreCheck® ($85 every 4.5 years) application fee.
- Up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com, split into two $50 credits semi-annually. Enrollment required.
- Get a $300 statement credit for the purchase of a SoulCycle at-home bike. Must charge the full price to your Platinum Card® in one transaction. Shipping available in the contiguous U.S. only. Enrollment required.
- Access exclusive reservations and dining experiences with Global Dining Access by Resy by adding your Platinum Card® to your Resy profile.
- No foreign transaction fees.
- See Rates and Fees; Terms Apply
The Military Wallet’s Take
Pros
- Unlimited 5X Membership Rewards® points on flights and prepaid hotels booked through amextravel.com
- Sizeable welcome offer
- Comprehensive travel perks, including global lounge access and annual travel credits
Cons
- High annual fee without protections under the SCRA or MLA
- High credit score requirement
- Benefits primarily tailored to frequent travelers
Best Credit Cards for Veterans
The best credit cards for veterans are those that align with the benefits you value most.
Unfortunately, SCRA and MLA benefits like capped interest rates and waived fees are exclusive to active-duty service members and their spouses. Outside of access to exclusive card options through military-focused institutions like Navy Federal Credit Union and USAA, veteran credit card options are similar to those of civilians.
This is why we’ve created a list of top credit card picks depending on the benefit that you value the most.
Best Credit Cards For Military Members By Benefit
Jump to:
- Best for travel
- Best airline credit card
- Best for cashback
- Best for students
- Best for gas points
- Best for building credit or credit repair
- Best for balance transfers
- Best for small businesses
Best for Travel
Capital One Venture X Rewards Credit Card
Summary
The card_name redefines premium travel perks with a surprisingly low $395 annual fee, making it a standout among high-end travel cards.
Offering unlimited airport lounge access, a $300 annual travel credit, and 10,000 anniversary bonus miles, it delivers luxury-level benefits without the sky-high costs of competitors like Amex Platinum and card_name—perfect for both casual and frequent travelers looking for maximum value.
For active-duty military servicemembers, Capital One waives the annual fee under the Servicemembers Civil Relief Act (SCRA), but not under the Military Lending Act (MLA), making it an excellent option for those who opened the card before entering service. Learn more about these benefits in our full review.
Learn how to apply for the Capital One Venture X Rewards Credit Card here.
Card Details
- Welcome Bonus: bonus_miles_full
- Annual Fee: annual_fees (waived under the SCRA for those who opened the card before entering active duty)
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- 10X miles per dollar on hotels and rental cars booked through Capital One Travel
- 5X miles per dollar on flights booked via Capital One Travel
- 2X miles per dollar on all other purchases, with no category restrictions
- $300 annual travel credit for bookings made through Capital One Travel
- 10,000 bonus miles every account anniversary (worth at least $100 toward travel)
- Unlimited airport lounge access for cardholders and two guests, including:
- Capital One Lounges
- Priority Pass partner lounges
- Global Entry or TSA PreCheck fee credit (up to $100 every four years)
- Primary rental car insurance (Auto Rental Collision Damage Waiver)
- Trip delay and cancellation insurance for covered travel disruptions
- Cell phone protection when paying the bill with the card
- Extended warranty and return protection on eligible purchases
- No foreign transaction fees, making it ideal for international travel
- Add authorized users for free, and they receive their own lounge access
- Military Benefit: Annual fee waived under SCRA (but not under MLA)
- See Rates and Fees
The Military Wallet’s Take
Pros
- Cardholders and up to two guests get unlimited access to Capital One Lounges and Priority Pass partner lounges, making it one of the best premium cards for frequent travelers
- The $300 annual travel credit for Capital One Travel bookings and 10,000 anniversary miles (worth at least $100 toward travel) effectively reduce the cost of carrying the card
- Capital One waives the $395 annual fee under the Servicemembers Civil Relief Act (SCRA) for those who opened the card before entering active duty, making it an excellent choice for eligible military members
Cons
- Outside of Capital One Travel bookings, everyday spending only earns 2 miles per dollar, which falls short compared to competitors that offer higher multipliers on dining and non-travel purchases
- Unlike the Chase Sapphire Reserve® or Amex Platinum, the Venture X does not offer automatic elite status with hotel or airline loyalty programs
- While Capital One waives the annual fee under the SCRA, the Military Lending Act (MLA) waiver does not apply, meaning those who open the card while on active duty will still pay the $395 annual fee
Best Airline Credit Card
Southwest Rapid Rewards® Priority Credit Card
Summary
The card_name is an excellent choice for frequent Southwest travelers, offering valuable perks like annual travel credits, upgraded boardings, and anniversary bonus points that easily justify the card’s cost—especially for those who maximize its benefits.
Unlike many airline cards, it also provides tier-qualifying points toward A-List status, making it a great option for loyal Southwest flyers looking to accelerate their elite benefits.
Active-duty military servicemembers benefit even more, as Chase waives the $149 annual fee under the Military Lending Act and Servicemembers Civil Relief Act, making this a no-cost way to earn Rapid Rewards points and enjoy premium travel perks.
While its rewards structure is best suited for Southwest loyalists, the card also includes essential travel protections and no foreign transaction fees, ensuring value beyond just airline spending.
Learn how to apply for the Southwest Rapid Rewards® Priority Credit Card here.
Card Details
- Welcome Bonus: bonus_miles_full
- Annual Fee: annual_fees (waived under Chase’s MLA and SCRA policy)
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- 3X points per dollar on Southwest Airlines purchases
- 2X points per dollar on:
- Rapid Rewards hotel and car rental partners
- Local transit and commuting (including ride-hailing apps)
- Internet, cable, and phone services
- Select streaming services
- 1X point per dollar on all other purchases
- $75 annual Southwest travel credit (applies to most Southwest purchases)
- 7,500-anniversary bonus points every year
- Four upgraded boardings per year, when available
- 25% back on inflight purchases (Wi-Fi, drinks, and snacks)
- Earn tier-qualifying points (TQPs) toward A-List status (1,500 TQPs per $5,000 spent)
- Baggage delay and lost luggage reimbursement
- No foreign transaction fees, making it a solid option for international travel
The Military Wallet’s Take
Pros
- Active-duty servicemembers get the annual fee waived under the MLA and SCRA, making this a no-cost way to earn Southwest rewards and benefits
- The $75 annual Southwest travel credit, 7,500-anniversary bonus points, and four upgraded boardings per year easily offset the annual fee for frequent Southwest flyers who are not eligible for MLA or SCRA benefits
- Earn 1,500 tier-qualifying points (TQPs) per $5,000 spent, making it easier to reach A-List or A-List Preferred status for extra travel perks like priority boarding and same-day standby
Cons
- Rapid Rewards points are only useful for Southwest flights, with no ability to transfer points to other airlines or use them for premium cabin experiences
- Unlike some airline credit cards, Southwest does not offer airport lounges, first-class upgrades, or extra-legroom seating, limiting premium travel perks
- Approval may be difficult if you’ve opened five or more credit cards in the past 24 months, restricting eligibility for those with many recent applications
Best for Cashback
Navy Federal cashRewards Card
Summary
The cashRewards credit cards are best suited for military servicemembers and veterans who want a simple, reliable cash-back card without the complexity of rotating categories or spending limits (read our full review of the cards here).
The cashRewards Plus Credit Card is especially appealing for those who qualify for a higher credit limit, as it unlocks a better rewards rate with no extra effort.
Whether you prefer Visa or Mastercard, these cards provide a seamless way to earn on everyday purchases while staying within the Navy Federal ecosystem.
Learn how to apply for the NFCU cashRewards credit card here.
Card Details
- Welcome Bonus: Earn $250 cash back when you spend $2,500 within 90 days of account opening Expires on Mar. 31, 2025.
- Annual Fee: $0
- Intro APR: N/A
- Balance Transfer Intro APR: Transfer your balance within 60 days of opening an account, and you could save with a 0% intro APR for 12 months.
- Regular APR: 15.15% – 18.00% variable APR
- Credit Score Needed: Excellent, Good, Fair
- Rewards & Perks:
- cashRewards Credit Card: Earn 1.5% cash back on all purchases.
- cashRewards Plus Credit Card: Earn 2% cash back on all purchases (available for accounts with a $5,000+ credit limit).
- Automatic upgrade to the 2% cashRewards Plus if your credit limit increases to $5,000 or more.
- No foreign transaction fees, making it a great option for international purchases.
- No balance transfer fees, allowing for easy debt consolidation.
- Rental car insurance: Secondary collision damage waiver when you decline the rental agency’s insurance.
- Exclusive Navy Federal benefits: Access to special cardholder promotions, security features, and customer service tailored for military families.
- Contactless payments: Tap-to-pay enabled for faster, more secure transactions.
- Choose your payment network: Available as either a Visa or Mastercard.
- Must be a Navy Federal Credit Union member to apply.
The Military Wallet’s Take
Pros
- Straightforward cashback of 1.5% or 2% on all purchases with no rotating categories or spending caps.
- No fees – $0 annual fee, no foreign transaction fees, and no balance transfer fees make it a cost-effective choice.
- If your credit limit increases to $5,000 or more, you’re automatically upgraded to the 2% cashRewards Plus version.
Cons
- You must be a Navy Federal Credit Union member to apply.
- Unlike some competitors, there are no elevated rewards for specific spending categories like groceries, dining, or gas.
- To earn the 2% cash back rate, you need to qualify for a $5,000+ credit limit, which may not be accessible to all applicants.
Best for Students
While the card_name is a great student card, if you’re using your GI Bill or attending school after military service, you may be better off choosing a standard credit card from USAA or Navy Federal Credit Union.
Unlike student cards designed for civilians, these military-focused institutions offer cards that often have easier approval requirements and lower variable APR rates. That being said, the Quicksilver Student is a great choice for those who are not interested in becoming a USAA or NFCU member.
Capital One Quicksilver Student Cash Rewards Credit Card
Summary
Built for students who want to earn rewards while establishing credit, the card_name provides a simple yet valuable 1.5% cash back on every purchase, with no rotating categories or spending caps. Its lack of foreign transaction fees makes it a strong companion for military servicemembers studying abroad or stationed overseas, while Capital One’s credit-building tools, including CreditWise and automatic credit line reviews, support financial growth.
With benefits like extended warranty protection and travel accident insurance, this card is a practical and rewarding choice for student veterans and active-duty servicemembers looking for a straightforward, low-maintenance way to earn cash back while managing their finances responsibly.
Learn how to apply for the Capital One Quicksilver Student Cash Rewards Credit Card here.
Card Details
- Welcome Bonus: bonus_miles_full
- Annual Fee: annual_fees
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- Cardholders earn an unlimited 1.5% cash back on every purchase, making it easy to maximize rewards without tracking categories.
- Cash back rewards never expire as long as the account remains open, ensuring long-term value.
- Rewards can be redeemed flexibly as statement credits, checks, gift cards, or even applied toward recent purchases.
- No foreign transaction fees make this card ideal for students traveling abroad, military servicemembers stationed overseas, or anyone making international purchases.
- Extended warranty protection gives cardholders additional coverage on eligible purchases beyond the original manufacturer’s warranty.
- A 24/7 concierge service offers assistance with travel, dining, and entertainment reservations whenever needed.
- Capital One’s CreditWise tool helps cardholders monitor their credit score for free and build a strong financial foundation.
- Automatic credit line reviews provide the opportunity for a higher credit limit over time with responsible card use.
- $0 fraud liability ensures that cardholders are protected against unauthorized charges if their card is lost or stolen.
The Military Wallet’s Take
Pros
- Flat 1.5% Cash Back – Earn unlimited rewards on all purchases with no category restrictions.
- No Fees – Enjoy no annual or foreign transaction fees, great for students and military abroad.
- Credit-Building Tools – Benefit from CreditWise, credit line reviews, and responsible-use perks.
Cons
- High APR – Not ideal for students who carry a balance.
- Better Military Options Available – USAA and Navy Federal offer student-friendly cards with similar approval odds but better perks and benefits.
- Limited Perks – Missing premium travel protections and purchase coverage.
Best for Building Credit
Secured credit cards are designed to help individuals build or rebuild their credit by requiring a refundable security deposit, which typically serves as the card’s credit limit. Instead of a credit limit, they require a refundable deposit as collateral. They also typically have lower-than-average APRs and low or no fees.
Learn more about secured credit cards here.
Navy Federal Credit Union nRewards® Secured Credit Card
Summary
The Navy Federal nRewards® Secured Credit Card is a top choice for military servicemembers and veterans looking to build or rebuild credit while earning rewards. Unlike most secured cards, it earns 1X points per dollar spent with no annual, balance transfer, or foreign transaction fees—a rare combination in the secured card market (see our full review here).
Your credit limit is set by a refundable deposit of at least $200. After just six months of responsible use, Navy Federal automatically reviews your account for an upgrade to an unsecured card.
With strong rewards, low fees, and a fast path to better credit, this card is an excellent option for those committed to improving their financial future.
Learn how to apply for the NFCU nRewards Secured credit card here.
Card Details
- Welcome Bonus: N/A
- Annual Fee: $0
- Intro APR: N/A
- Balance Transfer Intro APR: 18.00% variable APR
- Regular APR: 18.00% variable APR
- Credit Score Needed: Average, Fair, Limited
- Rewards & Perks:
- Earn 1X point per $1 spent on all purchases, redeemable for cash back, travel, gift cards, and more.
- No annual, balance transfer, or foreign transaction fees, making it a cost-effective option.
- Automatic account reviews after six months for potential upgrade to an unsecured card.
- Reports to all three major credit bureaus to help build or rebuild credit.
- Choose your payment network: Available as either a Visa or Mastercard.
- Must be a Navy Federal Credit Union member to apply.
The Military Wallet’s Take
Pros
- Earns Rewards – Unlike most secured cards, it offers 1X point per $1 spent, redeemable for cash back, travel, and more.
- No Fees – No annual, balance transfer, or foreign transaction fees, making it a budget-friendly option.
- Path to an Unsecured Card – Automatic account reviews after six months give cardholders a chance to upgrade and get their security deposit refunded.
Cons
- Requires a Security Deposit – A minimum $200 deposit is required, which may be a hurdle for some applicants.
- No Welcome Bonus – Unlike some entry-level unsecured cards, there’s no sign-up bonus or intro APR offer.
- High APR – 18.00% variable APR on purchases and balance transfers can be costly if you carry a balance.
Best For Balance Transfers & Debt Consolidation
Balance transfer credit cards allow you to move high-interest debt from one or more credit cards to a new card with a lower interest rate, often 0% introductory APR, for a set period. This can save you money on interest and help you pay off your debt faster if used wisely. Many of these cards charge a balance transfer fee, typically 3-5% of the amount transferred, which should be factored into your cost-saving calculations.
Learn more about how balance transfer cards work here.
USAA Rate Advantage Credit Card
USAA Rate Advantage Credit Card
Summary
The card_name is a great option for military servicemembers, veterans, and their families who want a low-interest credit card with no annual fee. It’s ideal for those looking to save money on interest, whether by carrying a balance or consolidating high-interest debt.
Unlike many other cards, it focuses on keeping rates low rather than offering flashy rewards, making it a smart choice for anyone prioritizing financial stability. Plus, with no foreign transaction fees, it’s a solid option for those stationed overseas or frequently traveling.
Learn how to apply for the USAA Rate Advantage Credit Card here.
Card Details
- Welcome Bonus: N/A
- Annual Fee: annual_fees
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- Enjoy one of the lowest variable APRs available, making it ideal for those who may carry a balance.
- Benefit from a $0 annual fee, allowing you to save more.
- Use your card abroad without incurring additional fees, a valuable feature for military personnel stationed overseas.
- Take advantage of a 0% introductory APR on balance transfers for 15 months, helping you manage existing debt more effectively.
- Access benefits such as travel accident insurance and extended warranty protection on U.S. manufacturers’ warranties.
- USAA Membership Benefits: As a USAA member, you gain access to a range of financial services tailored to military members and their families.
The Military Wallet’s Take
Pros
- One of the lowest APRs available, ideal for carrying a balance.
- No annual or foreign transaction fees, saving you money.
- Helps consolidate and pay off high-interest debt.
Cons
- Doesn’t offer cash back or points.
- Lacks premium travel and luxury benefits.
- USAA membership required – Only available to eligible military members and families.
Best for Small Businesses
Small business credit cards can be a valuable financial tool for military servicemembers and veterans, helping to manage business expenses, build credit, and earn rewards. While many top issuers provide military-friendly personal credit card benefits, most do not extend these perks—such as waived annual fees— to business credit cards under the SCRA or MLA, save for a few exceptions. The organizational structure of your business may also impact whether or not military-specific benefits are applied.
These cards often offer benefits like cash back, travel rewards, and 0% intro APR periods, making them useful for covering operational costs, travel expenses, or equipment purchases. For veteran entrepreneurs, business credit cards can help establish business credit and provide flexible financing options without tapping into personal savings.
Choosing the right card depends on business needs, spending habits, and the specific benefits offered by each issuer. Learn more about how small business credit cards work here.
Chase Ink Business Cash® Credit Card
Summary
Designed for small business owners seeking to maximize rewards on everyday expenditures, the card_name provides elevated cash back rates in select business categories, such as office supplies and internet services. Cardholders benefit from a 0% introductory APR on purchases for the first 12 months and can issue employee cards at no additional cost, enabling efficient expense management.
This card is particularly advantageous for businesses with regular spending in its bonus categories, offering a valuable opportunity to earn significant cash back without incurring an annual fee.
Learn how to apply for the Chase Ink Business Cash® Credit Card here.
Card Details
- Welcome Bonus: bonus_miles_full
- Annual Fee: annual_fees
- Intro APR: intro_apr_rate,intro_apr_duration
- Balance Transfer Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration
- Regular APR: reg_apr,reg_apr_type
- Credit Score Needed: credit_score_needed
- Rewards & Perks:
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Member FDIC
The Military Wallet’s Take
Pros
- High Cash Back – Elevated rewards on office supplies, internet, and phone services.
- No Annual Fee – Keep costs low while earning rewards.
- Free Employee Cards – Issue cards with spending limits at no extra cost.
Cons
- Bonus Category Cap – Higher cash back is limited to a spending cap.
- Foreign Transaction Fees – Not ideal for international purchases.
- Limited Redemption – Cash back only; no direct travel redemptions.
Best For Gas Points
Gas rewards credit cards can be a great way to save money on fuel, whether commuting to base, traveling for duty, or managing everyday expenses. Many top credit cards offer cash back, points, or statement credits for gas station purchases, helping to offset rising fuel costs.
Some issuers provide enhanced rewards at military-friendly locations, such as on-base gas stations, while others offer flexible redemption options for travel, groceries, or statement credits. Active-duty servicemembers may also qualify for waived annual fees under the Servicemembers Civil Relief Act (SCRA) or Military Lending Act (MLA) on select personal credit cards, maximizing the value of gas rewards.
When choosing a gas rewards card, military members and veterans should consider factors like bonus categories, redemption flexibility, and additional perks like travel protections or military-specific benefits.
Learn more about how gas rewards cards work here.
PenFed Platinum Rewards Visa Signature Card
PenFed Platinum Rewards Visa Signature Card
Summary
Maximize every dollar you spend with the PenFed Platinum Rewards Visa Signature® Card, designed for those who want to earn more on gas, groceries, dining, and streaming without worrying about annual or foreign transaction fees. Whether you’re fueling up for your daily commute, stocking up on groceries, or enjoying your favorite restaurants and entertainment services, this card rewards you with high-value points that can be redeemed for travel, gift cards, and more.
As a Visa Signature® cardholder, you also get access to premium perks like cell phone protection, travel accident insurance, and concierge services, making it a well-rounded choice for both everyday use and special occasions. If you’re looking for a straightforward, high-reward credit card with no annual fee, the PenFed Platinum Rewards Visa Signature® Card delivers exceptional value.
Learn how to apply for the PenFed Platinum Rewards Visa Signature Card here.
Card Details
- Welcome Bonus: Earn 15,000 bonus points when you spend $1,500 in the first 90 days of account opening.
- Annual Fee: $0
- Intro APR: N/A
- Balance Transfer Intro APR: 0% introductory APR for 12 months on balance transfers made in the first 60 days after account opening.
- Regular APR: 17.99% variable APR
- Credit Score Needed: Excellent, Good
- Rewards & Perks:
- 5X points on gas paid at the pump and at EV charging stations.
- 3X points at the supermarket (including most Target and Walmart locations) and restaurants, and on TV, radio, cable, and streaming services.
- Unlimited 1X points on all other purchases.
The Military Wallet’s Take
Pros
- High rewards on everyday spending – Earn 5x points on gas and EV charging, plus 3x on groceries, dining, and streaming.
- No annual or foreign transaction fees – Great for international travel and everyday use without extra costs.
- Visa Signature perks – Includes cell phone protection, travel accident insurance, and concierge services.
Cons
- Limited redemption options – No direct cash back; points must be redeemed for travel, merchandise, or gift cards.
- Membership requirement – Must join PenFed Credit Union to apply.
- Lower base rewards rate – Only 1x points on non-bonus category purchases.
Methodology
We reviewed dozens of cards to create our list of Best Military Credit Cards for 2025.
We realize that there is no one-size-fits-all option for servicemembers, which is why we broke up our card suggestions by benefit categories. However, we still ensured that the cards we chose offer a balance of reward to offset any fees we had.
Overall, we prioritized cards with the following criteria:
- No or low fees for balance transfers, cash advances and foreign transactions
- Unlimited rewards points or rewards points with high spending caps
- Customer service reputation by the issuing bank or credit union
- Cards offering fee waivers or enhanced protections under the Servicemembers Civil Relief Act (SCRA) and Military Lending Act (MLA)
- Lower than average or industry-standard APR rates
The cards on our list represent some of the best options for military members based on these criteria. However, every individual’s financial situation is unique. We encourage you to research your options carefully and select a credit card that aligns with your specific financial goals and lifestyle.
See below for more tips about credit card management and advice on choosing the best card for you.
What To Know About Credit Cards
Credit cards offer an opportunity to earn reward points for your daily purchases, however, they also come with many responsibilities. Here’s what you need to consider:
Payments. As with any lending arrangement, you must make monthly payments. Credit cards set minimum payments, usually between 2% and 3% of the balance owed. But if you make the minimum payments only, paying off your balance can take several years. The larger the payments, the lower your balance, and the less you’ll pay in interest.
Interest. Interest rates on credit cards are extremely high compared to other types of loans. While you may be able to get auto loans or home loans in the 4% to 5% range, interest on credit cards usually runs between 15% and 25% or even higher.
Grace period. Credit cards typically come with a grace period. Interest won’t be charged on a purchase that’s paid within a certain amount of time, usually 25 to 30 days. Any balance remaining after that time will be subject to interest.
Fees. Many credit cards charge an annual fee, though it’s typically below $100. Also, be aware of late fees and over-limit fees. These typically are between $35 and $45 and will be imposed if you’re even one day late on your payment or $1 over on your credit limit.
3 Tips For Card Management
- Aim to pay your balance in full each month. If a credit card charges an interest rate of 24%, you’ll pay 2% of your balance each month in interest. On a $5,000 balance, that will be $100. Even if a card comes with very generous rewards, it can easily be offset by the interest expense.
- Look out for credit card fraud. Credit cards and identities get stolen every day, so it’s important to closely monitor your account. In the case of credit card fraud, you need to report your stolen card to protect your account.
- Keep Utilization Low: Use less than 30% of your credit limit to maintain a good credit score.
How Many Credit Cards Should You Have?
The ideal number of credit cards depends on your financial situation, spending habits, and ability to manage credit responsibly. Here are some general guidelines:
- One to Two Cards: If you’re new to credit or prefer simplicity, one or two cards can help you build credit and cover essential spending categories without becoming overwhelming.
- Three to Five Cards: For most people, this range provides a good balance. It allows you to diversify rewards, take advantage of different benefits (e.g., cash back, travel rewards, or low interest rates), and maintain a healthy credit utilization ratio.
- More Than Five Cards: If you’re experienced in managing credit, having multiple cards can maximize rewards and benefits. However, it requires careful tracking of payment due dates and annual fees.
The key is to ensure you can handle your cards responsibly by paying balances on time, avoiding excessive debt, and keeping your credit utilization low.
2/¾ Rule
The 2/¾ rule is an unofficial guideline for managing credit card applications with major issuers to avoid triggering rejections due to too many recent applications. It suggests limiting yourself to 2 credit card applications per rolling 2 months, 3 applications per rolling 12 months, and 4 applications per rolling 24 months across all issuers.
Following this rule helps maintain a healthy credit profile and reduces the risk of being flagged as a high-risk borrower due to excessive credit-seeking behavior.
How to Choose The Best Card For You
Which type of card you get depends on how you plan to use it. Keep these four things in mind when evaluating which card you want to apply for:
- Your credit. If your credit is insufficient to get the type of card you want, you’ll need to work on improving it. That may require paying off any past due balances (which you can do through a balance transfer card), paying down existing credit card balances, or disputing any derogatory information that may be in error. Raising your credit score by just 20 or 30 points can make a big difference in the type of card you can qualify for.
- Look past temporary (welcome) benefits. If you’re considering a card for its signup bonus or an attractive 0% introductory offer, don’t ignore the regular interest rate on the card. These offers are temporary, but regular interest rates are what you’ll be dealing with once those benefits expire. If the rate on a new card is higher than your current card, it may not be worth the temporary benefits it provides.
- Annual fee vs. no fee. Some cards charge no annual fee, but that doesn’t necessarily mean they’re a better deal. Many cards with high fees offer rewards such as vouchers or credits that can more than make up their value. For example, if a card that charges an annual fee has more generous rewards, it may be better than a fee-free card.
- Application timeline: As noted in the 2/¾ rule, applying for several credit cards at once, can negatively impact your credit score. It’s also important to strategically time your applications to maximize the benefits, especially welcome bonuses. These bonuses are typically activated upon approval and must be earned within a specific timeframe, such as spending a set amount within the first few months. For instance, many travel credit cards offer substantial point bonuses that can be ideal if you’re planning a trip or vacation. Similarly, with balance transfer cards, timing is crucial. If you’re consolidating debt, ensure you’re financially prepared to pay it down within the 0% APR period to fully benefit from the promotional offer.
With that advice in mind, let’s take a look at common types of credit card benefits to help you decide what’s most important to you.
Types of Credit Cards
Travel Rewards Credit Cards
Travel rewards credit cards let you earn points or miles on purchases that can be redeemed for travel-related expenses like flights, hotels, and car rentals. These cards often offer bonus rewards for spending in specific categories such as travel, dining, or hotels, and many come with valuable perks like free checked bags, airport lounge access, travel insurance, or no foreign transaction fees. Some travel cards also provide sign-up bonuses when you meet a minimum spending requirement within the first few months.
While these cards can save frequent travelers money and enhance their travel experience, they often have annual fees, so it’s important to weigh the value of the rewards and benefits against the cost.
See our top picks for travel rewards credit cards.
Cashback Credit Cards
Cashback credit cards reward you by returning a percentage of your purchases as cash. You earn cash back at a flat rate on all purchases or at higher rates in specific categories like groceries, gas, or dining. Some cards also feature rotating bonus categories or introductory bonuses for spending a certain amount within the first few months. The rewards you accumulate can typically be redeemed as statement credits, direct deposits, or checks, and some cards offer additional redemption options like gift cards or travel.
See our top picks for cashback credit cards.
Student Credit Cards
Student credit cards are designed for college students who are new to credit and want to start building their credit history. These cards often have lower credit requirements, making them more accessible to students with limited or no credit. Many student cards come with benefits like cashback rewards on everyday spending, no annual fees, and tools for learning responsible credit use. Some even offer incentives for good financial behavior, such as bonuses for paying on time or maintaining a good GPA.
See our top picks for student credit cards.
Gas Rewards Credit Cards
Gas credit cards are designed to help cardholders save money on fuel purchases by offering cash back, points, or discounts on gas. Some gas cards are co-branded with specific gas stations, providing higher rewards at those locations, while others are general-purpose cards that offer bonus rewards on gas purchases regardless of the station. Many gas cards also include additional rewards for other spending categories, such as groceries or dining, making them versatile for everyday use. While they typically have no or low annual fees, some premium options with higher rewards may charge a fee. Gas credit cards are best for drivers who spend significantly on fuel and want to reduce their costs, especially if they consistently fill up at the same brand of gas stations or prefer a general rewards card for added flexibility.
See our top picks for gas credit cards.
Secured Credit Cards
If you don’t have a good credit score, then you can still get a credit card to help you improve your credit score by making on-time payments and paying your balance in full.
Secured credit cards are a type of credit card designed for individuals with limited, no, or poor credit history who want to build or rebuild their credit. These cards require a refundable security deposit, which typically becomes your credit limit (e.g., a $500 deposit equals a $500 limit). Secured cards function like traditional credit cards, allowing you to make purchases and pay your balance over time, and they report your activity to the major credit bureaus.
Responsible use, such as paying on time and keeping balances low, helps improve your credit score. While they often have higher interest rates and fewer perks than unsecured cards, many secured cards offer features like no annual fee, credit education tools, or the ability to graduate to an unsecured card after demonstrating responsible use.
See our top picks for secured credit cards.
Balance Transfer Credit Cards
Balance transfer credit cards are designed to help you save money on high-interest debt by allowing you to transfer balances from other credit cards to a new card with a lower interest rate, often 0% introductory APR for a set period (e.g., 12–18 months).
This introductory period gives you time to pay down your debt without accruing additional interest. However, most balance transfer cards charge a balance transfer fee (typically 3%–5% of the transferred amount), which you should factor into your savings calculations. To benefit fully, it’s important to pay off as much of the balance as possible before the promotional period ends, as the regular APR will apply afterward.
See our top picks for balance transfer credit cards.
Business Credit Cards
Business credit cards are designed specifically for business owners to manage and finance their business expenses while earning rewards or enjoying benefits tailored to business needs. These cards often offer features like higher credit limits, expense tracking tools, and rewards programs with categories relevant to businesses, such as office supplies, travel, or advertising.
Some also include perks like employee cards with customizable spending limits, purchase protection, and extended warranties. Business credit cards typically require a personal credit check and may hold the business owner personally liable for the debt, especially for smaller businesses or sole proprietors. They are an excellent tool for separating personal and business finances, building business credit, and earning rewards on everyday business spending. However, it’s essential to manage them responsibly, as high balances or missed payments can impact both your business and personal credit scores.See our top picks for small business credit cards.
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Jarrod says
Hello, Ryan. Having received an advertisement from Capital One for their Savor One credit card, they’re offering me a $150 one-time cash bonus for spending $500 in the first three months. Is there a catch with this card?
Ryan Guina says
Hello Jarrod, there is no catch that I am aware of. Just treat it like all credit cards – make the full payment each month to avoid interest and fees. If you do that and only use it for regular expenses that you would make anyway, then you can earn some decent rewards.
Bill says
Chase and AAFES have discontinued the military star MasterCard program. Cardholders were converted to Chase Military Rewards, with no cobranding
Mike says
Whats the deal with my credit card being flagged for a fraudulent charge when I use it at the local commissary? Has the commissary credit card system been hacked like with what happened at Target?
(been an ongoing issue for the last six weeks)
Ryan Guina says
Mike, contact customer service and ask them about the issue. They are very responsive with these types of issues and should be able to resolve it for you.
McKay says
Ryan,
Have you reviewed/what are your thoughts on the Air Force Officer’s Club card by Chase (I think it’s called the Military Free Cash Rewards Card)? We recently joined the Club and this card was sort of automatic but it seems pretty good. No Annual Fee, no overseas transaction fees (we are in Japan), 2% cash back on most on-base purchases (Services, MWR, BX, Commissary), and 1% cash back on all other purchases. I also applied for and got the AMEX SPG card because I do travel a lot but can’t bring myself to activate & use it with a $65 Annual Fee and almost 3% Foreign Trans Fee. Thanks!
Ryan Guina says
The Chase card is a great card, particularly for those who are stationed overseas. Many companies offer great cards, but some are best when used in the US so you can avoid the foreign transaction fees. The AmEx card is a good one, but again, it would probably be more beneficial for you if you were Stateside.
delisa allen says
This is a great opportunity for me to redo my credit. I would like to apply for a loan, one day to buy a house. This will help me get started, on the right path.