Active Duty Credit Card Playbook | Itinerary Boss x Military Money Manual #218

30+ premium credit cards—including the Amex Platinum and Chase Sapphire Reserve—without paying a single dollar in annual fees? Spencer Reese breaks down exactly how active duty service members, Guard/Reserve on orders, and military spouses can access over $10,000 in annual fee waivers through the Military Lending Act (MLA) and SCRA. Recorded on Veterans Day, this episode is packed with tactical strategies for building wealth while traveling the world in luxury. Summary Spencer Reese joins Ross from Itinerary Boss for a comprehensive breakdown of military credit card benefits. Spencer explains the Military Lending Act (MLA) and Servicemembers Civil Relief Act (SCRA), revealing how active duty members and military spouses can access premium cards like the $895 Amex Platinum with zero annual fees. The conversation covers optimal credit card sequencing, what happens when you transition from active duty to veteran status, how to leverage OCONUS assignments for incredible award travel, hotel status strategies, and Spencer's personal redemption stories including luxury stays in Dubai and business class flights around the world. Spencer also addresses common misconceptions about credit cards, shares tracking tools and automation tips, and explains why most military families are "stepping over dollars to pick up pennies" by not taking advantage of these benefits. Key Topics & Questions Covered Understanding Military Credit Card Benefits The Legal Foundation Eligible Cards & Annual Fee Savings Multiple Cards Strategy Credit Card Sequencing Strategy Building Your Foundation Optimal Application Order Why Order Matters Maximizing Credit Card Benefits Annual Recurring Credits Per Card Stacking Strategy Example International Usage Transitioning from Active Duty to Veteran What Happens to Your Cards Chase Timeline American Express Timeline Downgrade Strategy Travel Redemption Strategies OCONUS Assignment Advantages Spencer's Success Stories Hotel Status Strategy Common Mistakes & Misconceptions Biggest Mistakes Military Families Make Stopping at one card - Missing thousands in benefits Opening Amex Platinum first - Should start with Chase Using wrong card for purchases - Groceries on Platinum instead of Gold Fear of credit cards - Dave Ramsey's influence Not checking MLA database first - Missing automatic waivers Buying too much car - #1 financial mistake Spencer sees Ignoring hotel status cards - Missing upgrade opportunities Dave Ramsey Debate Credit Score Myths Tools & Automation Tracking Apps & Software Card Pointers - Credit optimization MaxRewards - Best card for each purchase Travel Freely - Track card opening dates, 5/24 status Use Your Credits - Find Resy restaurants with e-gift cards Spreadsheet method - Spencer's preferred approach Automation Tips Batching Strategy Hotel & Airline Status Hotel Status Cards Why Hotel Status Matters Hyatt Globalist Priority Resources & Links Mentioned Military Benefits Resources MLA Database - Check your Military Lending Act eligibility SCRA (Servicemembers Civil Relief Act) DOD MWR Libby App - Free ebook/audiobook access to Spencer's book Credit Card Tools Card Pointers - Credit card optimization app MaxRewards - Best card selector Travel Freely - Card tracking for 5/24 status Use Your Credits - Find Resy restaurants with e-gift cards United Travel Bank - Trigger airline credits Key Tactical Takeaways Immediate Actions (This Week) Verify MLA eligibility at mla.dmdc.osd.mil (print PDF for records) Check credit score - Need 720+ for premium cards Open Chase Freedom or Freedom Unlimited if no Chase relationship Set up automatic payments on all existing cards Calculate current annual fee savings if already have cards Short Term (This Month) Apply for Chase Sapphire Reserve or Preferred (check welcome bonuses) Open Amex Green → Start the Amex family progression Verify military status on existing accounts Set up recurring digital entertainment credits Create spreadsheet to track cards and credits Medium Term (This Quarter) Add Amex Gold after 90 days from Green Apply for hotel status cards (Hilton Aspire, Marriott Brilliant) Set quarterly reminders for Resy credits Purchase United Travel Bank in January for airline credits Book TDY/deployment hotels to build status Long Term (This Year) Add Amex Platinum after Amex Gold established Upgrade Freedom to CSR after 12 months (if desired) Build toward hotel Globalist status with Hyatt Plan OCONUS travel using points from home airport Prepare transition strategy if separating Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 20,000 military servicemembers and military spouses have graduated from the 100% free course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like The Platinum Card® from American Express and the Chase Sapphire Reserve® Card. https://militarymoneymanual.com/amex-platinum-military/ https://militarymoneymanual.com/chase-sapphire-reserve-military/ Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. Want to be confident with your TSP investing? Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE! If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.