MILITARY STAR CARD REVIEW

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MILITARY STAR CARD

The MILITARY STAR card is a credit card for those serving in the military or members of the Army Forces and allows its members to receive points which can be restored for a gift card, statement and more or decent rewards in the form of cash back.

Also, this card is designed for members of the Armed Forces to help them with their financial needs. Additionally, those using this credit card will be given a personal dividend. If you are in the Military and wish to apply for this credit card continue reading so as to get all the necessary information.

MILITARY STAR CARD

Features of the Military Star Card | MILITARY STAR CARD

  • With this card, customers will get a 10% discount off their first purchases.
  • It comes with no annual fee.
  • No foreign transaction fee is required.
  • Those using this card can get points at Armed and Air Forces Exchange Service food courts, mail vendors and Express locations, etc.
  • This card allows you to get 2 points for a dollar used in making qualified net purchases at exchange facilities and Armed Forces Recreation Center resort hotel and online at ShopCGX.com, shopmyexchange.com and mynavyExchange.com.

Restrictions and Limitations | MILITARY STAR CARD

The following individuals cannot apply or be approved for this credit card:

  • Those who want to get miles or cash back instead of points.
  • Individuals looking for a more pliable way to restore their rewards.

The following individuals are qualified for this card:

  • Those individuals who wish to get rewards with no annual fee.
  • Frequent customers who make purchases using their military exchanges.

Our features | MILITARY STAR CARD

This is a card for the Armed Forces and members of their families that wish to save on military exchange purchases.

Military Star Card Staples.

This credit card is issued by the Exchange Credit Program (ECP). It is operated and funded by the Armed and Air Force Exchange Service (AAFES), a branch of the Defense Department. Also, the ECP operates the Military Star Card for the interest of the Air Force, Marines, Corps, Coast Guard, and Army.

This credit card helps its customers with their financial needs either for regular purchases or things that have to do with the military lifestyle like Retirement, deployment or PCS. Users are being given a personal dividend with the Military Star Rewards program for shopping exchange. The Military Star Card is not like other bank-issued cards that can be used anywhere, you can only use the Military Star card at the following places:

  • Army and Air Force Exchange Service food courts.
  • Online at shopmyexchange.com
  • Online at shopCGX. com
  • Armed and Air Force Exchange Service shopping facilities.
  • Online at myNavyExchange. com
  • Armed Forces Recreation Center resort hotel.

This credit card gives an unsteady Annual Percentage Rate (APR) of 12.49% on Retail Plan Purchases but this APR may change because it is based on the market Prime Rate.

It comes with no purchase APR for the Military Clothing Plan purchases.

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How to Apply for the Military Star Card.

Having a MyECP account is necessary if you want to apply for this credit card. Therefore, if you want to set up a profile and finish the application, give the requested information. u Surprisingly, you can save 10% on your first day purchases. But there may be some restrictions and limitations.

You can also, apply for this credit card at your local exchange. All you are to do is to fill out this credit card application form and provide the necessary information. For any questions concerning your application or your account just call the Military customer service.

Benefits of the Military Star Card

If you use this card at any of the above-mentioned locations, you can be given 2 points for a dollar spent on qualified net purchases. If you use this card for Military Clothing plan purchases, you will get no points for it.

As soon as your points are up to 2,000, you will be given $20 Military Star Rewards Card instantly. Which means that, a point worth one cent? This can be compared with what other rewards credit card offers.

Besides, the Military Star Rewards Card can be restored for merchandise or services anywhere exchange gift cards is allowed {such as; shop exchange. com, myNavyExchange.com, etc}. The gift cards to be received a year has no limit. $100 cash back reward will be offered to you if, you spend $10,000 at exchange annually.

Surprisingly, the reward points won’t expire provided that you continue to make a purchase even though it is once a year. In a situation whereby, the ECP closes your account or you close it by yourself due to one reason or the other; you will give up your unused points.

Apart from getting two points for each dollar spent on qualified purchases, there are other ways of saving with this credit card. Some of these saving are:

You can be given a 10% discount on Army and Air Force Exchange food court purchases at participating facilities each.

You will be given free standard shipping on shopmyexchange.com and myNavyExchange.com purchases.

Also, you will get five cent discount for each gallon of fuel, if you fill up at Army and Air Force Exchange Service and participating facilities.

Advantages of the Military Star Card.

This credit card assists you in increasing your credit score. Provided that you manage your account wisely, maintain a low balance and pay at least the minimum payment every month. See to it that which was sent, was receive and posted early.

It has a low but unsteady Annual Percentage Rate {APR} of 12.49% when it comes to being eligible for Retail Plan purchase made through a shopping exchange.

The Exchange Credit Program {ECP} offers some special concessions  that are designed for qualified Active Duty and Mobilized or Activated Reservists or National Guard Military Member who have valid orders to deploy to eligible contingency location and gives proof of their deployment order to ECP, and meet other requirements as an account managed wisely {that is not having more than one payment past due}. You are to make purchases using your card but, not a monthly payment and your interest will be lowered temporarily to 6% whereas you were deployed. As soon as your deployment is over, your interest rate will go back to its rate in the current Exchange Credit Program Credit Agreement and you will be compelled to make a monthly payment so long there is some balance in your account.

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Disadvantages of a Military Star card

This card can only be used at Military Clothing plan purchases or exchange facilities.

Those using this card can only restore rewards for Military exchange purchase,  which confines its usefulness. So, if you wish to get points, travel miles on non- exchange and can combine the Military Star card with another reward card.

Is it necessary for me to have a Military Star Card.?

Those looking for a credit line or are members of the Armed Forces or make many purchases through an exchange, this credit card may give you what you desire. Because this card allows you to make a reasonable late payment, lower your interest rate whenever you are on deployment and increase your credit score. As you use this card to improve your credit score, do not forget to make known to the customer service representative if you want your transaction to be reported to the three major bureaus.

As you compare different military credit card options, consider their interest rate, rewards, and other additional card benefits. This is important and will help to choose the right credit card.

Alternatives to Military Star Card |

Therefore we shall be comparing the Military Star card with other credit cards that give the same or different reward so, you can make your choice.

USAA Rewards Visa Signature Credit Card.

The USAA Rewards Visa Signature Credit Card is a good credit card that gives you 2X points for buying gas or dining out and 1X point for each dollar spent on other purchases, also there is no limit to the points that can be given to you. This card allows you to restore points for gift cards, cash, travel, merchandise or give it to your preferred military associate group.

Features of USAA Rewards Visa Signature Credit Card.

  • This card comes with no foreign transaction fee.
  • Those using this credit card will pay no annual fee.
  • It demands no penalty APR.
  • This credit card has special features for members of the Armed Forces.
  • It comes with an unsteady purchase APR, balance transfer and a cash advances of 12.15% to 28.15%, depending on your credit score.

Furthermore, this credit card gives you 2X points for gas purchases or dining out and 1X point for a dollar spent on other purchases and there is no limit to the number of points to be received. It allows you to restore points for gift cards, cash, travel, merchandise or give it to your preferred military associate group.

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Whoever wishes to apply for this card, must be a member of USAA in order to be considered for the USAA Rewards™ Visa Signature Credit Card card though, you must apply for this card before it can be given to you. Being a member of the USAA is easy for former military, a cadet, midshipman, U.S. committed military and qualified family member.

Moreover, I will like you to put into consideration its high APR. As mentioned earlier this credit card has an unsteady cash advance APR of 12.15% to 28.15%, balance transfer and purchase APR. But, it depends on your credit score and other factors. Besides, this APR can change with the Prime Rate of the market.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a good card that can be used anywhere Visa is accepted.  This card gives you double points for travel and dining at a restaurant and you will get 1 point for all other purchases. Though it has a high annual fee yet it demands no foreign transaction fee.

Features of Chase Sapphire Preferred Card.

  • With a credit card, you can get a double point on travel and dining at a restaurant.
  • You can earn 1 point for a dollar spent on other purchases.
  • The credit card has an annual fee is charged at $95.
  • It demands no foreign transaction fees.
  • A new cardmember can be given 60,000 bonus points if, he/she make purchases of 4,000 in his/her first 3 months of opening the account. Which is $750 for travel if you restore with the Chase Ultimate Reward But, it can only be given to you if you are qualified.

 Discover it Cash Back

This credit card offers cash back rewards and comes with rewards greater than that of the Military Star card. This card gives it users 5% cash back rewards at various places each quarter such as Amazon.com, grocery stores, gas station, restaurant and more up to the quarterly maximum, whenever you activate.

Features of Discover it Cash Back.

  • Whenever you activate, you will get 5% cash back at different location per quarter such as; grocery stores, restaurant, Amazon.com, gas station and more till the quarterly maximum.
  • It has no annual fee.
  • You are to pay no foreign transaction fee.
  • For the introductory offer; Discover will match all the cash back gotten at the end of your first year but, this is for new cardmember. So, this card has no signing up and no specific limit on the amount of cash back to be matched.

Besides, this card is a nice card, you can imagine; it offers cash back rewards, gives it users 5% cash back rewards at various places each quarter such as Amazon.com, grocery stores, gas station, restaurant and more up to the quarterly maximum, whenever you activate, demands no annual fee and foreign transaction fee and comes with a rewards greater than that of the Military Star card.

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