The Servicemembers Civil Relief Act (SCRA) provides significant financial protections for active duty military members, including a 6% interest rate cap on pre-service debts and annual fee waivers on many credit cards. Understanding these benefits can save military families thousands of dollars per year.
Beyond SCRA protections, several premium travel cards offer full annual fee waivers for active duty military — including the Chase Sapphire Reserve ($550 fee), the Amex Platinum ($695 fee), and the Capital One Venture X ($395 fee). These cards can be extraordinarily valuable for military families who travel frequently.
Best Credit Cards for Military Members
| Card | Standard Annual Fee | Military Annual Fee | Best Rewards | Best For |
|---|---|---|---|---|
| Chase Sapphire Reserve | $550 | $0 (SCRA) | 3x travel + dining, $300 travel credit | Premium travel |
| Amex Platinum | $695 | $0 (SCRA) | 5x flights, lounge access, $200 travel credit | Airport lounges |
| Capital One Venture X | $395 | $0 (SCRA) | 2x miles on everything, 10x hotels/cars | Simple travel rewards |
| Chase Sapphire Preferred | $95 | $0 (SCRA) | 3x dining, 2x travel | Everyday travel |
| USAA Cashback Rewards Plus | $0 | $0 | 5% gas on base, 2% groceries | Military-specific card |
| Navy Federal Flagship Rewards | $49 | $0 | 3x travel, 2x everything else | Navy Federal members |
How to Claim Your SCRA Benefits
- Contact your card issuer — Call the number on the back of your card and ask for the SCRA benefits department.
- Provide your orders — You'll need to submit a copy of your military orders showing your active duty status and start date.
- Request fee waivers — Annual fees, late fees, and over-limit fees may all be waived under SCRA.
- Request the 6% interest rate cap — This applies to debts incurred before active duty service.
- Apply for new cards while on active duty — Many issuers automatically apply SCRA benefits to new accounts opened during active service.
Frequently Asked Questions
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