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Top five Veterans Day freebies

What are the best military credit cards?

VeteransWith Veterans Day coming up on Tuesday, CardHub, credit card comparison website, decided to examine more than 1,000 credit card offers to determine which provide the best deals for the military community.

It also polled the nation’s largest financial institutions to see what other types of programs and promotions are available to military families.

The best military credit cards CardHub found are:

  • Best for low rates: PenFed Defender American Express Credit Card – 6.99 percent introductory APR on purchases for the first 60 months, 4.99 percent introductory APR on balance transfers for 12 months, 9.99 percent regular APR, and no annual fee or balance transfer fee.
 

For more information about the cards and an issuer-by-issuer breakdown of special military banking programs, visit: http://www.cardhub.com/best-military-credit-cards/.

Be sure to compare the annual percentage rate for these or any other credit card offer before you switch or sign up. Rewards and other perks won’t offset the cost of a high APR. Check with local credit unions. They often have rates below the card above that is listed as the "best for lowest rate" at 9.9 percent.

Copyright 2014, Rita R. Robison, Consumer Specialist

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