Military personnel can benefit greatly from premium credit cards that offer no annual fees, which can otherwise be costly for civilians. The best choices cater to various spending habits, whether for everyday expenses or travel. While it may be beneficial to hold several cards to maximize rewards, caution is needed to prevent lifestyle inflation and subsequent debt. Additionally, cardholders should be mindful of potential credit score impacts when canceling cards after military service. Cash back cards, particularly those that provide up to 5% back and additional bonuses, can be especially advantageous for soldiers.
For those actively serving in the military, there is a fairly long list of premier credit cards that won't cost you a dime in annual fees.
Before you think about signing up, it's worth crunching the numbers and categorizing your spending.
The right cash back credit card can earn you hundreds, or thousands of dollars a year for free.
While cash-back cards appeal to many for their simplicity and flexibility, I do think it makes sense to consider some versatile points-based cards...
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