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Best bank for military retirees

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1GaDawg85
Valued Contributor

Best bank for military retirees

Already aware of NFCU, PenFed, USAA but looking to expand.....any other banks friendly to us?


FICO 5 ,4, 2 - 10/2023                            FICO 8 - 10/2023                                   FICO 9 - 10/2023                                   FICO 10 - 10/2023
     
Message 1 of 7
6 REPLIES 6
credit-hunter
Frequent Contributor

Re: Best bank for military retirees

 Open a Chase Premier Plus Checking  account with Chase Military Banking benefits, you'll have NO minimum balance requirement & NO $25 Monthly Service Fee!

Message 2 of 7
1GaDawg85
Valued Contributor

Re: Best bank for military retirees


@credit-hunter wrote:

 Open a Chase Premier Plus Checking  account with Chase Military Banking benefits, you'll have NO minimum balance requirement & NO $25 Monthly Service Fee!


I'll have stop by a branch next time I am in Atlanta since you can't apply online


FICO 5 ,4, 2 - 10/2023                            FICO 8 - 10/2023                                   FICO 9 - 10/2023                                   FICO 10 - 10/2023
     
Message 3 of 7
Tazman81
Established Contributor

Re: Best bank for military retirees


@1GaDawg85 wrote:

Already aware of NFCU, PenFed, USAA but looking to expand.....any other banks friendly to us?


Is there something specific you are looking for in a banking experience that the above military banks are not able to offer?  That might help with your decision.


Current Score: Eq: 823 Tu: 830
Goal Score: Eq: 850 Tu: 850

Wallet: PenFed Power Cash 50k | AMEX Blue Cash (AU) 49.5k | Cap One QSMC 26.5k | AMEX Platinum NPSL | USAA Signature Visa 25k
Message 4 of 7
1GaDawg85
Valued Contributor

Re: Best bank for military retirees

looking for others that are BK friendly unlike USAA and PenFed for credit cards and other lending products


FICO 5 ,4, 2 - 10/2023                            FICO 8 - 10/2023                                   FICO 9 - 10/2023                                   FICO 10 - 10/2023
     
Message 5 of 7
Tazman81
Established Contributor

Re: Best bank for military retirees


@1GaDawg85 wrote:

looking for others that are BK friendly unlike USAA and PenFed for credit cards and other lending products


Most have success with NFCU, unless they were included in your bankruptcy...   If  the BK is too fresh for them to give you an unsecured product, then what works well is the following:

1.  Put money into a savings account.

2.  Apply for a share secured loan.

3.  Take the money from the share secured loan and apply for a share secured credit card

 

Use that for about 6months - 12 months to build a good payment history with them, and then move forward with obtaining their unsecured cards.


Current Score: Eq: 823 Tu: 830
Goal Score: Eq: 850 Tu: 850

Wallet: PenFed Power Cash 50k | AMEX Blue Cash (AU) 49.5k | Cap One QSMC 26.5k | AMEX Platinum NPSL | USAA Signature Visa 25k
Message 6 of 7
1GaDawg85
Valued Contributor

Re: Best bank for military retirees

Already got 2 NFCU cards Smiley Happy


FICO 5 ,4, 2 - 10/2023                            FICO 8 - 10/2023                                   FICO 9 - 10/2023                                   FICO 10 - 10/2023
     
Message 7 of 7
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