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Citibank Military Credit Card Benefits: How Active-Duty Military Members Can Save Money

Military Benefits for Citi Credit Card Users

As an active-duty military member, understanding the benefits that are available to you can be critical in managing your finances. Citibank offers military benefits through the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA), which provide additional benefits and protections for eligible military members.

In this article, we will explore the benefits offered by Citibank to active-duty military members using their credit cards.

Understanding MLA and SCRA Benefits for Active-Duty Military

The MLA was implemented to protect active-duty military members and their families from predatory lending practices. The law imposes a 36% Annual Percentage Rate (APR) cap on loans, credit cards, and other forms of credit for eligible military members.

Citibank helps military members comply with the MLA by waiving fees, reducing interest rates, and offering other benefits. The SCRA offers added benefits, such as reduced interest rates on all credit products that were initiated before active-duty service.

Citibank offers active-duty military members a reduced APR of 0% for up to one year on all credit products that were initiated before active service. Once the service member has completed their active duty, they have an additional 180 days to obtain the reduced APR.

How Citibank Military Credit Card Benefits Work

Citibank offers military members credit card benefits that provide significant savings and ease of use. To receive these benefits, the service member must meet the eligibility criteria, which include being on active duty or having received a permanent change of station within the last 180 days.

One of the most valuable benefits of Citibank military credit cards is waived fees. This benefit includes the annual fee, balance transfer fees, and foreign transaction fees.

This can result in significant savings on the cost of the card.

Another significant benefit of Citibank military credit cards is the APR down to 0%.

Service members can benefit from this by transferring balances from higher-interest credit cards, saving them thousands of dollars in interest payments.

In addition to waived fees and 0% APR, Citibank also offers free premium benefits for military credit card users.

These benefits include access to the Admirals Club, TSA PreCheck, and Global Entry. These benefits can save service members time and money by reducing travel-related costs and easing the travel process.

Consider These Citibank Credit Cards for Active-Duty Military

Citibank offers several credit cards that are beneficial to active-duty military members. The Citi Double Cash card offers 2% cashback on all purchases, which can be redeemed as a statement credit or direct deposit.

The Citi Rewards+ card offers additional benefits, including a 10% points refund on the first 100,000 points redeemed per year and the ability to round up to the nearest 10 points on purchases.

The Citi / AAdvantage Executive World Elite Mastercard offers even more benefits, such as access to the Admirals Club and no foreign transaction fees.

The Citi Prestige card offers additional benefits such as a $250 travel credit, access to the Priority Pass airport lounge program, and a complimentary 4th-night stay at any hotel.

Spousal Benefits

Spouses of military members can also benefit from Citibank’s military credit card benefits. Spouses of eligible military members can receive the waived annual fee and interest rate cap protections under SCRA for joint accounts.

Bottom Line

Citibank offers several benefits to active-duty military members using their credit cards. These benefits include waived fees, an APR down to 0%, and free premium benefits.

Citibank also offers several credit card options that offer additional benefits that can help military members save time and money. Citibank offers a range of benefits for active-duty military members using their credit cards.

These benefits include waived fees, an APR down to 0%, and free premium benefits, as well as various credit card options with additional benefits. MILA and SCRA provide extra benefits and protections for eligible military members.

Spouses of eligible military members can also benefit from these credit card benefits. It is crucial for military members to understand and take advantage of these benefits, helping them to manage their finances and save money.

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