AFBA
Credit Card Services
The Armed Forces Benefit Association (AFBA) has teamed up with 5 Star Bank to offer their members a full banking
service including the AFBA credit card, which can be personalized with the customer's own choice of picture or
photo.
The AFBA is obviously a service for the military and 5 Star Bank supplies specific financial products for members
of the military and their families, from their headquarters in Colorado Springs.
Credit Card Services
The AFBA credit card services are a Platinum Visa Credit card backed by the 5 Star Bank, and a
program of rewards is included which is linked to the amount spent on the card. The card is only available to
military personnel and their families, although 5 Star Bank themselves, have other members. The basic details of
the AFBA credit card services are; no annual fee, a low APR introductory rate on purchases and no balance transfer
fees for six months. All rates are subject to credit check, but current rates stand at, 12.99% for purchases, with
a 21 day interest free period and 16.99% for cash advances, both variable and based on Prime Rate. They have a
slightly different approach to late payment; instead of applying a fee, they increase the APR to a penalty APR of
21.75% until six consecutive payments of at least the minimum payment have been made. If you wish to make a balance
transfer, perhaps from a more expensive credit card, you will pay a 3% fee of the balance and enjoy six months at
0% interest. They have regular promotions on rates for short periods, so it is always worth checking their website
to see what they are currently offering. Travel accident and lost luggage insurance are a couple of extra benefits
offered with the AFBA credit card.
The Rewards program
For every dollar spent using the AFBA credit card services, you will earn one reward point. These points can be
traded in for rewards such as flights and other products and services. An example of value is 15,000 points equal a
$300 flight redeemed through the programs accredited travel agency, not just any holiday or flight company.
However, flights are with major carriers and there are no blackout dates. Rewards can be traded in as cash back or
used to purchase gift cards and big-name products often at discounted prices. The AFBA and 5 Star Bank aim to offer
their customers a trustworthy and beneficial service through the joint operation of AFBA Credit Card
Services.
Source: Credit Cards For People With Bad Credit Rating
 Print this
page |  Bookmark this page
| 