{"id":9749,"date":"2023-11-01T19:05:53","date_gmt":"2023-11-01T19:05:53","guid":{"rendered":"https:\/\/publicaffairs-sme.com\/ExchangePost\/?p=9749"},"modified":"2023-11-01T19:05:53","modified_gmt":"2023-11-01T19:05:53","slug":"military-star-card-has-second-lowest-apr-among-all-retail-credit-cards-according-to-study","status":"publish","type":"post","link":"https:\/\/publicaffairs-sme.com\/ExchangePost\/2023\/11\/01\/military-star-card-has-second-lowest-apr-among-all-retail-credit-cards-according-to-study\/","title":{"rendered":"MILITARY STAR Card Has Second-Lowest APR Among All Retail Credit Cards, According to Study"},"content":{"rendered":"

DALLAS <\/strong>\u2013 The MILITARY STAR\u00ae<\/sub> card has the second-lowest APR among all store cards, according to Bankrate\u2019s annual Retail Cards Study<\/a>.<\/p>\n

The card, available exclusively to the military community, has an APR of 15.49%, almost half the current record-high 30.24% average of retail cards surveyed by Bankrate. MILITARY STAR\u2019s rate is offered to all cardmembers<\/a>, regardless of credit score.<\/p>\n

According to Bankrate, only the Amazon Secured Card offers a lower interest rate but requires cardholders to put down a deposit equal to their credit line. Nearly half of the 107 store cards included in the Bankrate study had APRs over 30%.<\/p>\n

\u201cWith the holiday shopping season kicking off and credit card rates at an all-time high, the MILITARY STAR card continues to deliver the very best terms to the military community,\u201d said Air Force Chief Master Sgt. Kevin Osby, the Army & Air Force Exchange Service\u2019s senior enlisted advisor. \u201cThat includes one low APR for everybody and no annual, late or over-limit fees.\u201d<\/p>\n

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And unlike most store cards, the MILITARY STAR card never charges deferred interest following 0% promotions, meaning shoppers who do not pay off their balance by the end of the promotional period are not charged \u201cback interest\u201d for the entire promotional period.<\/p>\n

The MILITARY STAR card also offers Pay Your Way plans, which provide cardmembers with a powerful budgeting tool for larger purchases. Pay Your Way plans offer fixed monthly payments and a reduced APR of 9.99% for purchases beginning at $300.<\/p>\n

Shoppers who use the MILITARY STAR card and shop the Exchange not only save but give back, as 100% of Exchange earnings are reinvested in the military communities it serves. In the last 10 years, the Exchange has provided $3.5 billion in earnings for critical on-installation Quality-of-Life programs that make life better for service members and families.<\/p>\n

Cardmembers also receive exclusive discounts and rewards, including:<\/p>\n