These are my top recommended credit cards for this month. Some have $450-550 annual fees waived exclusively for US military personnel.

The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

As part of getting my USAA Cadet Loan under $10,000, my student loan balance is now under $40,000! You can see the screen shot on the left from

I'm pleased with the progress I've made since graduating in 2010. It's been a long road to this point and I'm still not half way done. It's easy to get discouraged sometimes, but I have got to remember that staying focused on killing this debt is going to be extremely liberating in 3 years.

How I'm Paying off my Student Loans

I'm currently making 50% more than the minimum required payments, which will pay the debt off 5 years earlier than originally scheduled, saving me over $4000 in interest payments. Once the debt is paid off, a quarter of my monthly cash flow will be freed up, allowing me to start building up the savings it will require to be financially independent by the age of 40.

student loans under 40000While I'm aggressively attacking my student loan debt, I'm also maxing out my Roth IRA this year, saving for some vacations (Australia maybe?!), paying myself (and wife!) first, and enjoying life. I think it's easy to get burned out when you have an all consuming goal, like paying down tens of thousands of dollars of student loan debt. I'd rather enjoy life a little but still make extra payments. I accept the fact that debt repayment is a marathon, not a sprint.

How about you? How do you approach debt repayment, especially when you known that even if you making double payments it's still going to take years to pay off your debt?

Student Loans Under $40,000, 3 Years to Go

AMEX Platinum With NO Annual Fees for US Military

Military SCRA MLA AMEX Platinum

Military servicemembers and spouses can get the American Express Platinum with NO annual fees.  Pick up your military annual fee waived card here!

Learn more about the AMEX military fee waiver.

The AMEX Platinum offers:

  • $550 Annual Fee WAIVED for US Military (and spouses)!
  • 60,000 Membership Rewards Points welcome offer
  • $200 credit for Uber rides (or Uber Eats!) annually
  • $200 airline fee credit
  • Centurion Lounge and Priority Pass Airport Lounge Access
  • NO foreign transaction fees

These benefits make it my top recommend card.

If you already have an AMEX Platinum card, check out the other AMEX cards, Chase credit cards, and this month's top recommended credit card bonuses, most with no annual fees for US military personnel.

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