0% APR Balance Transfer Credit Cards for Military Servicemembers | Best Balance Transfer Cards for Active Duty 2021

Let me show you how to get your first $695 credit card annual fee waived in my Ultimate Military Credit Cards course
The Platinum Card® from American Express card is annual fee waived for military.

Military Money Manual has partnered with CardRatings for our coverage of credit card products. Military Money Manual and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Thank you for supporting my independent, veteran owned site.

Zero percent APR balance transfer credit cards for military servicemembers and their spouses offer up to 18 months of no interest.

Military servicemembers have unique financial advantages presented to them through the Military Lending Act (MLA) and Servicemembers Civil Relief Act (SCRA).

The Best 0% Balance Transfer Credit Cards for Military Servicemembers include:

  • Capital One® Quicksilver® Cash Rewards Credit Card
  • Capital One® SavorOne® Cash Rewards Credit Card

Any debt you acquire before active duty must be capped at 6% while on active duty. Some companies even give 0% loans to servicemembers.

Make sure if you have credit card or loans that you call or email your lender and ensure they are applying “SCRA” or “MLA” benefits to your account. Here's how to get AMEX SCRA benefits and Chase MLA benefits applied to your account.

If you sign up for a 0% APR card, make sure you don't continue to accumulate more debt. Use the ending of the promotional period as motivation to pay off your entire debt and then move on to the best travel rewards credit cards for military servicemembers and spouses.

0% APR Balance Transfer Cards 2020 for Military

Capital One Quicksilver

best cash back credit cards for military
  • Learn more about this balance transfer credit card HERE
  • 0% APR for 15 months, 3% transfer fee
  • $150 Cash Back after you spend $500 on purchases within 3 months from account opening (30% cash back bonus!)
  • 1.5% cash back on all purchases including gas, BX, PX, AAFES, and Shoppette
  • No limit to how much you can earn, points never expire, no rotating categories
  • No annual fee
  • No foreign transaction fees (rare for no annual fee cards)

Capital One SavorOne Cash Rewards

Capital One SavorOne balance transfer credit card for military 0% APR
  • Learn how to apply for this balance transfer card HERE
  • 0% APR for 15 months, 3% transfer fee
  • $150 cash back after spending $500 in the first 3 months of account opening (30% cash back!)
  • Unlimited 3% cash back on dining and entertainment
  • 2% cash back at grocery stores
  • No foreign transaction fees – rare on a no annual fee card!
  • $0 annual fee

How to Use a Balance Transfer to Pay Off Debt

Your debt is an emergency and you need to take immediate action to rid yourself of it! Earning thousands of dollars worth of travel reward points and cash back does not help you if you are paying interest to the bank.

I finished paying off my USAA Cadet Loan 2 years early and my private student loans years early. Debt freedom is one of the best feelings in the world!

Today, I am relieved of the burden of debt after my wife and I became debt free before age 30. We had to pay off $120,000 in student, car, and career starter loans. It wasn't easy and 0% balance transfer cards can help.

Even if you are paying only 6% on your debt (the maximum under the SCRA law), it's still compounding interest working against you and not for you. Make sure you do the math to determine if paying the 3-5% balance transfer fee is worth it vs. just paying down the debt ASAP.

If you transfer your current debt to a 0% APR balance transfer card, you could save hundreds in interest payments. More importantly, it can help motivate you to pay off your debts and finally become debt free.

Ideally, you want a credit cards offers with 0% interest and no balance transfer fees. However, it is difficult to find these offers. Depending on the size of your credit card debt, it may make sense to transfer to a 0% card and pay the 3% fee.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.