Last updated on August 4th, 2022
Being in the military – or being immediate family of active military personnel – is stressful. Thankfully, there are also perks for military families. These perks include some of the best credit cards available today. Here are our picks for the best credit cards for military families of 2020:
The Best Credit Cards for Military Families of 2020
Here are our top picks for military credit cards of 2020:
Best for Rewards
Everyday rewards are quickly overtaking travel perks in the credit card industry – and few cards offer better cash back rewards for military families than the Cashback Rewards Plus Amex Card. The card earns a massive 5% back on gas station and military base purchases and 2% back on groceries. Sure, these cash back rewards are limited to the first $3,000 spent each year, but with no annual fee and a great low APR, this is a rewards card that belongs in any savvy shopper’s wallet.
Navy Federal also offers an impressive rewards card – the GO REWARDS Visa. The card earns 3X points on dining, 2X on gas, and a single point per $1 everywhere else. Even better, the no-annual-fee card also boasts an APR significantly lower than almost any other card on the market today (for those with excellent credit). However, even those with good credit can expect a highly competitive interest rate – and a great rewards card.
Best for Low Rate
The Navy Federal Platinum Visa has one of the lowest APRs available today – period. For those with exceptional credit, the 5.99% variable APR on purchases and balance transfers is very hard to pass up. The addition of 0% intro APR for 12 months on balance transfers is another feather in this card’s cap.
Equally impressive is the low rate that comes with the USAA Rate Advantage Platinum Visa. While the USAA low-rate card does not offer any 0% introductory periods, the base 6.9% APR on purchases and balance transfers is still impressive enough to make this card a no-brainer.
Want some more card options to consider? Here are two cards that just missed out on our top spots:
Best Military Credit Card for Bad Credit / No Credit
Establishing a positive credit history can be difficult. With the stressors that come from military life, however, it can seem even more challenging. Fortunately, there are plenty of excellent secured credit cards designed especially for U.S. service personnel and their families.
The Navy Federal nRewards® Secured Credit Card is one such card. The card features no annual fee, no foreign transaction fees, and a flat rate of 1X nRewards points per dollar on every purchase. Other secured cards feature the exact same specs as the nRewards secured (the Discover It Secured, for example). Still, that card lacks the Visa network’s global purchasing power – the largest payment network in the world.
The nRewards Secured Visa also benefits from the much broader membership requirements versus other military credit unions, such as Security Service FCU, All In CU, and others. Military personnel (and their families) anywhere in the world can join Navy Federal – as well as veterans and select Department of Defense employees and contractors.
Other Secured Options to Consider
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