Military Credit Cards

Are you an active-duty or retired member of the military? The Balance reviewed credit cards offering rewards and benefits specifically for service members. Find the best military credit card for your needs.

Frequently Asked Questions

  • How do military credit cards work?

    Some banks have credit card programs that are just better for military members than other cards are. Many card issuers extend benefits to active-duty service members that go beyond what’s required under the Servicemembers Civil Relief Act (SCRA). Many also require cardholders to be connected to the military, either directly or through family.

  • What are SCRA credit card benefits?

    The Servicemembers Civil Relief Act (SCRA) is a federal law that gives military members several financial and legal protections while on active duty.  

    Under this regulation, credit card companies are required to:

    • Cap APRs at 6% for existing card balances
    • Forgive any interest charges made in excess of 6%
    • Waive select fees and service charges that result in a borrowing cost of above 6%

    Many card issuers go beyond these minimum requirements and offer active-duty military members extra perks, like even lower APRs, extended low-interest periods, and waived fees.

  • What should you look for in a military credit card?

    The best military cards will serve you well before, during, and after your service. If you’re in the military and looking for a new card, it’s important to consider the SCRA benefits you may get while on active duty, but don’t forget about other valuable card qualities like low APRs, attractive sign-up bonuses and rewards programs, reasonable annual fees, and effective customer service.

  • How do you lower interest on a military credit card?

    The Servicemembers Civil Relief Act (SCRA) caps the interest rate on certain debts incurred prior to military service, including credit card debt. The cap is set at 6%. To activate the cap, servicemembers must notify a creditor of their service date(s), along with written proof,  within 180 days of the end of their service.

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