Under the Military Lending Act; active duty personnel or full time national guard / reserve, are not required to pay any yearly fees for credit card companies. These yearly fees are waived.
Cards include but not limited to:
1. American Express Platinum ($550)
2. Chase Sapphire Reserve ($450)
3. Hilton Aspire ($450)
4. Citi Prestige ($450)
5. Delta Reserve ($450)
6. Chase Sapphire Preferred ($95)
7. Southwest Rapids Rewards ($149)
8. IHG Rewards Premier Card ($89)
Why even get these cards if you are military? Well, for one they come loaded with perks and benefits. For example, Chase Sapphire Reserve gives you 300.00 in travel credit a year for free. That is everything from hotels, uber, taxi, parking, rentals, etc.. The Citi Prestige gives you 200.00 for free. Amex Platinum gives 200.00 in airline incidental credits, monthly uber credit, and more. Hilton gives you free diamond status, weekly night stay.
No referral here. Just wanted to point it out to the military members out there, thank you for your service. More information below at The Points Guy website:
More information on Military MLA waiver: