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If you’ve recently left the military, you may wonder what type of credit card offer you should get for your new civilian life. Well, veterans, we’ve found some awesome military-specific credit cards for you with exceptional rewards and perks. Here are the Nerds’ three favorite credit card offers for veterans.
PenFed Platinum Rewards Visa Signature® Card: Best for gas and grocery spending
Want to earn rewards on the daily expenses of civilian life? Look no further than the PenFed Platinum Rewards Visa Signature® Card! It offers 5 points per dollar spent on gas, 3 points at supermarkets and 1 point on everything else. Points are redeemable for a multitude of rewards, including merchandise, travel and gift cards.
The card’s $0, and there are no foreign transaction fees. It has an introductory APR on balance transfers. To qualify for the card, you will need to be a PenFed member, so sign up if you haven’t yet.
PenFed Premium Travel Rewards American Express® Card: Best for travel
If you’re itching to travel as a civilian, you’ll want a good travel credit card to earn and redeem travel rewards. The PenFed Premium Travel Rewards American Express® Card rewards you 5 points for every dollar spent on airfare on 1 point for everything else. There’s also a signup bonus: Earn 20,000 Bonus Points when you spend $2,500 in the first 3 months of opening your account. Points are redeemable for a variety of rewards, including travel, merchandise and gift cards.
The card’s $0 and there aren’t any foreign transaction fees. Like the PenFed Platinum Rewards Visa Signature® Card, it has an introductory APR on balance transfers. You’ll also receive two complimentary lounge club visits when you spend $15,000 in a year. In order to get this card, you will need to join Pentagon Federal Credit Union.
Navy Federal Credit Union nRewards Secured: Best for veterans with bad or limited credit
If your credit leaves much to be desired, you need a secured card to get your credit from sad to stellar. Check out the Navy Federal Credit Union nRewards Secured, a secured credit card that actually offers rewards. You’ll enjoy 1 point per $1 spent, redeemable for cash, gift cards and merchandise.
Secured cards are backed by a cash deposit, but you’ll still need to pay off your balance each month to avoid accruing interest. The card’s $0, which is rare for a secured card. Because this is a credit union card, you will need to join Navy Federal. And you’ll also need to be currently employed by the Department of Defense — or have a family member who is — in order to qualify.
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