Attention, military personnel! Did you know there are credit card companies that show their gratitude and support for your service by waiving annual fees? That's right - you could save hundreds of dollars by simply choosing the right credit cards designed for servicemen and women like yourself. In this Flik Eco guide, we'll explore some of the best credit cards that waive annual fees for military members. Get ready to soldier on and save your hard-earned cash!
Credit Cards That Waive Annual Fee For Military Table of Contents
Why Do Credit Card Companies Waive Annual Fees for Military?
Why Do Credit Card Companies Waive Annual Fees for Military?
Credit card issuers recognize the sacrifices that military personnel make to serve their country. To show their support, many companies offer a Military Lending Act (MLA), which includes benefits such as interest rate caps, fee waivers, and additional rights for active-duty service members. Waiving annual fees is just one gesture of gratitude for your commitment and sacrifices.
American Express Platinum Card
- Annual fee: Waived for active-duty military
- Welcome Offer: Earn 100,000 Membership Rewards points after you spend $6,000 in the first 6 months
- Rewards: 5X points per dollar on flights and hotels, 1X points on all other purchases
The American Express Platinum Card is one of the most prestigious credit cards in the market, offering numerous travel perks, such as airport lounge access, elite hotel status, and significant rewards on flights and hotels. Active-duty military members can take advantage of these perks without paying the hefty $695 annual fee.
Chase Sapphire Preferred Card
- Annual fee: Waived for active-duty military
- Welcome Offer: Earn 60,000 Ultimate Rewards points after spending $4,000 in the first three months
- Rewards: 2X points per dollar on travel and dining, 1X points on all other purchases
The Chase Sapphire Preferred Card is another strong option for military members who love to travel. The card offers top-notch benefits, such as a generous welcome offer, rewards on travel and dining, and no foreign transaction fees. The annual fee of $95 is waived for active-duty military members.
Capital One Venture Rewards Card
- Annual fee: Waived for active-duty military
- Welcome Offer: Earn 60,000 bonus miles after spending $3,000 within the first 3 months
- Rewards: 2X miles per dollar on all purchases
The Capital One Venture Rewards Card is perfect for military members looking for a straightforward, all-around travel card. With a flexible rewards system and a generous welcome offer, military personnel can enjoy the convenience of unlimited 2X miles on every purchase without paying the $95 annual fee.
Credit Cards That Waive Annual Fee For Military Example:
Imagine you're an active-duty serviceman who loves to travel. You choose the American Express Platinum Card for its travel perks and sign up during a promotion, earning 100,000 Membership Rewards points after spending $6,000 in the first 6 months. You receive complimentary airport lounge access, elite hotel status with Marriott and Hilton, and earn 5X points on flights and hotels. With the annual fee of $695 waived, you're looking at significant savings and premium travel experiences, all thanks to your military status.
There you have it - some of the best credit cards that waive annual fees for military members. Your commitment and sacrifice do not go unnoticed, and these cards are designed to reward you while you serve our nation. Don't forget to share this Flik Eco guide with your fellow service members, and explore other articles on our website for more personal finance and investing tips! Soldier on, and keep saving money with Flik Eco!
