American Express is a CardRatings.com advertiser.
I'm in the U.S. Military. What credit card do you recommend?
Thank you so much for your service. Since you're a member of the military, take a look at credit cards from Pentagon Federal. This credit union serves military personnel and their families.
If you have excellent credit, check out the PenFed Promise Visa Card. You can get an introductory purchase APR of 7.49 percent for the first 36 months. After that, your APR will vary with Prime Rate, currently the purchase APR is at 9.99 percent. Also, there are no fees with this card.
PenFed also has a rewards card. The PenFed Platinum Cash Rewards Visa Card offers an introductory 9.99 percent purchase APR through June 30, 2014 which is not too bad for a rewards card. After that, your APR will vary with the market based on the Prime Rate. You can get 5 percent cash back on gas when you pay at the pump** with the Plus version of the card. To qualify for the Plus version of the card you will need a qualifying PenFed product, to name a few, an active checking account with direct deposit ($250 min.), a money market certificate or a personal line of credit. The Plus Card does not carry an annual fee. There is also a Standard version of the card which offers 3 percent cash back on gas purchases paid at the pump and an introductory annual fee of $0, then a $25 annual fee.
If you fly frequently, another card to consider is the PenFed Premium Travel Rewards American Express Card. You can get 5 points for every dollar spent on airfare purchases, two complimentary lounge club visits at airport lounges around the world upon spending $15,000 on the card in a calendar year, and access to 24/7 concierge service. This card offers a 9.99 percent introductory purchase APR through June 30, 2014 and after that your purchase APR will vary with the market based on the Prime Rate.