WASHINGTON—Credit unions top the list of FIs that provide the U.S. military with the best credit card deals, according to a new survey.
With Veterans Day arriving Nov. 11, CardHub examined how different financial institutions are choosing to give back to those who defend the U.S.
The company compared more than 1,000 credit card offers to determine which provide the best deals targeted specifically to the military community. The $19-billion Pentagon FCU, Alexandria, Va., and the $62.5-billion Navy FCU, Vienna, Va., claimed category top spots.
The results:
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Best Everyday Rewards: PenFed Platinum Rewards Visa Signature Credit Card – five points per $1 on gas at any station, three points per $1 on groceries, no annual fee.
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Best Everyday Rewards: PenFed Defender American Express Credit Card – 1.5% cash back across all purchases and no annual fee.
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Best Everyday Rewards: Navy Federal Credit Union Flagship Rewards Credit Card – two points per $1 spent on all purchases (the equivalent of 2% cash back when you redeem for travel expenses) and a $49 annual fee.
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Best Airline Rewards: PenFed Premium Travel Rewards American Express Credit Card – $200 initial bonus, five points per $1 spent on airfare, and no annual fee.
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Best for Low Rates: PenFed Defender American Express Credit Card – 6.99% introductory APR on purchases for the first 60 months, 4.99% introductory APR on balance transfers for 12 months, 9.99% regular APR, and no annual fee or balance transfer fee.
- Best for Credit Building: Navy Federal Credit Union nRewards Secured Credit Card – no annual fee and 1 point per $1 spent across all purchases.
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