Are you serving in the military and in the market for a credit card? You might be eligible for some amazing benefits, including annual fee waivers! Many credit card companies offer exclusive perks and benefits to military personnel as a token of appreciation for their service. In this Flik Eco guide, we will dive into the world of credit cards that waive annual fees for military personnel and help you choose the perfect card that suits your needs.
What Credit Cards Waive Annual Fees For Military Table of Contents
Why Do Credit Card Companies Offer Military Benefits?
Credit card issuers value the dedication and sacrifice military personnel make for our country. As a result, they provide special benefits and offers to military members and their families. One of the most popular benefits is waiving annual fees on credit cards, which can save military personnel hundreds of dollars per year.
Apart from annual fee waivers, credit card companies also offer lower interest rates, additional reward points, special cashback programs, and more comprehensive travel benefits for military members. These benefits not only recognize and honor the service of military personnel but also provide financial support to them and their families.
Popular Credit Cards That Waive Annual Fees for Military
1. American Express Platinum Card
- No annual fee for active duty military personnel
- Access to Centurion Lounges, Priority Pass lounges, and Delta Sky Clubs
- $200 airline fee credit per year
- Global Entry or TSA PreCheck fee credit
- 5x Membership Rewards points on airfare and hotel bookings
2. Chase Sapphire Reserve
- No annual fee for active duty military personnel
- $300 annual travel credit
- Access to Priority Pass lounges
- Global Entry or TSA PreCheck fee credit
- 3x points on travel and dining, 1x on all other purchases
3. Capital One Venture Rewards Credit Card
- No annual fee for active duty military personnel
- 2x miles per dollar on all purchases
- Global Entry or TSA PreCheck fee credit
- No foreign transaction fees
4. USAA Cashback Rewards Plus American Express Card
- Exclusive to USAA members, which includes military personnel
- No annual fee
- 5% cashback on gas and military base purchases
- 2% cashback on grocery purchases
- 1% cashback on all other purchases
Note that while some cards waive annual fees exclusively for active-duty military personnel, other cards may provide this benefit to veterans, reservists, and National Guard members as well. Make sure to check the card's terms and conditions and see if you're eligible for these benefits.
What Credit Cards Waive Annual Fees For Military Example:
Suppose you're an active-duty military member, and you travel often for work and leisure. You decide to apply for the American Express Platinum Card. With this card, your annual fee of $695 is waived, saving you a significant amount of money each year.
Additionally, you can take advantage of the card's travel benefits, such as access to various airport lounges, $200 in airline fee credits, and 5x rewards points on airfare and hotel bookings. By using the American Express Platinum Card, you can make the most of your military benefits and enjoy a more rewarding and comfortable travel experience.
Now that you know about the fantastic credit card options that waive annual fees for military personnel, it's time to find the perfect card that meets your needs and lifestyle. Remember, a credit card is a valuable financial tool, but it's essential to use it responsibly and ensure you don't overspend. Once you've chosen your ideal card, make sure to share this informative Flik Eco guide with your fellow service members and explore our other guides on personal finance and investing tips.
