By Lindsay Gellman
Veterans deserve plenty of bang for their buck. So to mark
Veterans Day,
CardHub.com surveyed credit-card options tailored to active
military personnel and veterans.
The best everyday rewards cards came in three flavors, according
to the site.
The just-launched PenFed Defender American Express card offers
1.5% cash back on all purchases, with no annual fee, so it's great
for all-round use, says CardHub.com spokeswoman Jill Gonzalez. The
PenFed Platinum Rewards Visa Signature card offers rewards focusing
on gasoline and groceries. And the Navy Federal Credit Union
Flagship Rewards card, available to current and former members of
most military branches, offers rewards geared toward travel.
CardHub.com says the PenFed Premium Travel Rewards American
Express card offers the best airline rewards. The PenFed Defender
American Express card has the lowest rates: a 6.99% introductory
APR on purchases for the first 60 months, a 4.99% introductory APR
on balance transfers for 12 months, a 9.99% regular APR, and no
annual fee or balance-transfer fee. The Navy Federal Credit Union
nRewards Secured card, with a $500 minimum deposit, is optimal for
building credit, Ms. Gonzalez says.
Military and veteran family members are eligible to apply for
some of the specialized cards, too, so be sure to read the fine
print.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires