Chase Military Lending Act
Chase updated their military policy on September 20, 2017 to comply with the Military Lending Act. Any account opened AFTER Sep 20, 2017 is eligible for the Chase military fee waiver.
You can check your MLA status in the MLA database.
I recently opened a Chase IHG Premier card and received my MLA fee waiver letter from Chase before I even received the card. When my wife opened up her Sapphire Reserve card, she also received the Chase MLA letter the same day she got her cards.
Here’s a scan copied the MLA letter I received. You can click on the image to see a PDF copy:
The text of the letter says:
Update: We Applied MLA benefits to your account
Your account is eligible for benefits under the Military Lending Act and Chase policy .
We applied these benefits to your account:
- Your Military Annual Percentage Rate won’t be more than 36%
- If you have a promotional or introductory rate, you’ll keep it for the existing balances until it expires
- Your contract rate won’t be impacted and will remain as outlined in your Cardmember Agreement
- We won’t charge you fees, other than late fees an non-sufficient fund fees, if applicable
If you have any questions, please call our Military Specialists anytime at 1-800-235-9978. If you’re overseas, call us collect at 1-318-340-3308.
Thank you for your business and your service to our country,
Chase Military Specialists are available to discuss MLA benefits on the Chase Military Hotline at 1-800-235-9978 or from overseas 1-318-340-3308.
Do I Have To Be On Active Duty To Have The Card
Not necessarily. Though active duty members are the primary recipients the ECP does consider veterans and reservists.
The primary method of determining eligibility is any service member past or present with current Exchange shopping privileges. The next determining factor is the credit score of the individual applying.
If accepted, service members may add additional users. It is common for individuals to include spouses as well as dependents .
Once another eligible individual receives permission he or she can use the card to make full purchases. They also have the ability to pay monthly installments if necessary.
Funeral And Burial Benefits
The DOD will care for, transport and inter your loved one.
- The surviving spouse, children and siblings of the service member, as well as the parents of both the service member and surviving spouse, are authorized to receive travel entitlements.
- If the spouse, children or parents choose not to travel to the funeral, the person authorized to direct the disposition of the service members remains and two close relatives may use this benefit.
- Travel entitlement includes round-trip transportation and two days per diem upon arrival at the interment site.
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Military Star Card Benefits
- Earn rewards on purchases $1 spent on-base = 2 points 2,000 points = $20 Exchange gift cards
- Accepted at all commissaries
- While you are deployed, you may still make purchases, but you are not required to make monthly payments and your interest rate is temporarily reduced to six-percent
- Exclusive Exchange offers promotions for purchases made with the Star Card such as sweepstakes, discounts, 0% interest and more
- No annual, late or over-limit fees
- Free standard shipping at AAFES and Navy online exchanges
- Five cents per gallon fuel discount
- New accounts receive a 10% discount for purchases the first day.
- 10% food court discount
- One low APR for all cardholders, regardless of credit score
- Promotional 0% interest offers
- Money saved from merchant fees is re-invested into military installation programs and services
Veteran Health Identification Cards
Many veterans believe they need to be receiving service-connected disability benefits in order to be eligible for VA health care benefits. This is not the case. All veterans are potentially eligible, based on different criteria, including when and where they served, whether or not they have a service-connected health condition, if they were discharged for medical reasons, served in a war zone, recently returned from an overseas deployment, or other conditions. Each situation is unique and each veteran should contact the VA to determine their eligibility status.
, veterans with a VA Health Identification Card are eligible to access military installations to use the Base Exchange, Commissary, and certain MWR activities.
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Cons Of Having A Military Star Card
No matter how well it is advertised every credit card has some drawbacks. Letâs take a look at some of the cons:
- Approval for the card is not automatic, even if enlisted in the military. Eligibility is based on credit score.
- No cash redemption offered for reward points.
- The rewards points that are accumulated are not available at all retailers or services.
- Not every purchase qualifies for reward points.
It is worth noting that with any credit card there is a risk of borrowing money you do not currently have in your account. High credit card debt and late payments affect your credit score negatively. It can impact how or if you receive a loan in the future.
So good judgement and responsibility is highly advised. Try to set a calendar reminder each month a few days before the payment is due to make sure you have the necessary funds and pay on time. You also may be able to setup automatic monthly payments.
Usaa Rewards Visa Signature Card
EDITORS NOTE: The MILITARY STAR card, and the USAA Rewards Visa Signature® Card offers mentioned in this article are expired and are no longer available
Annual fee: $0
Card highlights we want to feature:
- Special Features for Military Members
- No annual fee
- No foreign transaction fee
- No penalty APR
The USAA Rewards Visa Signature® Card offers 2X points whenever youre using this card for dining out or buying gas. 1X point for every dollar spent on all other purchases with no limit on the amount of points you can earn. This card offers more flexibility in how you can use those rewards than the MILITARY STAR card. Redeem your points for airline travel rewards, for available merchandise and gift card reward, cash reward credited to your account or deposited to your USAA savings or checking account, donate to a participating charity or toward the purchase of a cruise ticket. Redemption values vary based on how and on what you redeem your points for.
You need to be a member of USAA to be considered for this card, currently USAA membership is open to current and former military and their spouses, children of USAA members can join too. Who can join USAA U.S. Military and Veterans, Precommissioned Officers, and eligible family members. Please note, membership in USAA does not guarantee approval of this card or any other product, you still need to go through the application process for the specific product you are interested in.
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Chase Sapphire Reserve For Military
- $550 annual fee completely waived for US military and spouses
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
- Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually
- Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases
- Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass Select and up to $100 application fee credit for Global Entry or TSA Pre
- Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
Joe Wallace is a 13-year veteran of the United States Air Force and a former reporter for Air Force Television News
Veterans Id Card Information
One of the most common questions we receive comes from veterans who are looking to get a veteran ID card that proves their military service.
There are many reasons why proof of military service can come in handy including securing veterans benefits, proof of service for military discounts, or for personal records.
Thankfully, the VA offers two types of veterans ID cards, one for members with a service-connected disability rating, and a general veterans ID card for those who do not have a disability rating. The U.S. government created the Veterans Identification Card Act 2015 which authorizes the VA to issue veteran ID cards to all veterans with an honorable discharge. The VA began issuing these cards in November 2017.
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Update For Sbp School Certification
The certification process has gotten easier for students age 18 and older covered as a child annuitant under the military Survivor Benefit Plan.
The changes went into effect in May 2020, highlighted by the following:
- A simpler certification form
- A students ability to self-certify
- An extension of the certification deadline to annually instead of each term/semester
SBP annuity payments for qualifying high school and college students are not affected by school closures in the wake of coronavirus disease 2019.
The DOD simplified the process of students becoming certified in other ways, including:
- Students will now self-certify. So they will no longer need a school officials signature or school documentation when they certify full-time attendance. With COVID-19 school closures, this truly simplifies the process.
- Simpler Child Annuitants Certification for Previous Attendance Letter for certifying past attendance.
Us Department Of Defense/uniformed Services Dependent Identification And Privilege Card
- Active-duty service members of regular components
- Reserve component service members on active duty for more than 30 days
- Former members in receipt of retired pay
- Tricare Transitional Assistance Management Program health care members
- 100% disabled veterans
- Ships officers and crew members of National Oceanic and Atmosphere Administration vessels
- Reserve members not on active duty or in receipt of retired pay
- Former members not in receipt of retired pay
- Reserve service members who die after receipt of Notice of Eligibility
Surviving dependents of active-duty and retired service members, Medal of Honor recipients and other DOD policy-described benefits-eligible categories may also use this card.
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Military Star Card Highlights
|Rewards Program:||Earn two points for every dollar you spend in qualifying net purchases at exchange facilities and Armed Forces Recreation Center resort hotels, as well as qualifying net purchases made online at shopmyexchange.com, myNavyExchange.com and ShopCGX.com. Also earn points at Army and Air Force Exchange Service food courts, Express® locations, mall vendors and more.|
|Bonus:||Save 10% off your first days purchases upon card approval|
|We think these folks may be interested:||Individuals who regularly shop with military exchanges Individuals who want to earn rewards with no annual fee|
|We think these folks should keep looking:||Individuals who prefer to earn miles or cash back in lieu of points Individuals who want more flexibility in redeeming their rewards|
|Verdict:||For Military members and their families who want to save on military exchange purchases|
Military Star Card Basics
EDITORS NOTE: The MILITARY STAR card, and the USAA Rewards Visa Signature® Card offers mentioned in this article are expired and are no longer available
The MILITARY STAR card is offered by the Exchange Credit Program . This program is operated and funded by the Army and Air Force Exchange Services , which is a branch of the Department of Defense. The ECP operates the MILITARY STAR program on behalf of the Army, Air Force, Navy, Marines Corps and Coast Guard.
This line of credit is designed to assist military members with their financial needs whether its for everyday purchases or for something thats unique to their military lifestyle, such as PCS, deployment or retirement. Card Members receive a personal dividend with the MILITARY STAR Rewards Program as a thank you for shopping the exchange. Unlike a bank-issued military credit card which can be used virtually anywhere, the MILITARY STAR card can only be used at the following locations:
- Army and Air Force Exchange Service shopping facilities
- Armed Forces Recreation Center resort hotels
- Online at shopmyexchange.com
- Online at ShopCGX.com
- Army and Air Force Exchange Service food courts, Express® locations, mall vendors and more
The MILITARY STAR credit card pays back military members by paying members rewards, which well discuss a little later on, the Exchange Credit Program uses part of the earnings from the card program to fund Morale, Welfare and Recreation Programs for service members and their families.
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Apply / Renew Membership
Membership in AREA is separate from chapter membership, as are dues. We hope you’ll join both AREA and one of its local chapters, and be active in each.
Please print off this completed form and mail it with a check for $17.00 for one year’s dues to this address:
To contact chapters for membership or renewal, go to the local chapter information page.
Here’s an explanation of both types of memberships:
Military Spouse Id Cards: Everything You Need To Know
Whether youre just marrying into the military or keeping all of your military life ducks in a row, theres one thing you need to keep an eye on regularly: your military spouse ID card.
As the spouse of a service member, you are entitled to a dependent ID card. It’s almost a rite of passage. After getting your marriage license and moving to your first installation — or driving hours to an installation while your spouse is at basic training — you receive your first magical, ID card.
No matter how hard you try to look good, the photo will still turn out terrible. You’ll sign your name and off you go, able to get on base by yourself, access your health care benefits, shop at the commissary and use the gym.
As with all things military-related, the process for getting a military ID card is specific and sometimes sensitive. You’ll frequently see that the worldwide ID Card server is down. But you’ll get the hang of it quickly and realize that it’s not even close to the most complicated thing you’ll do as a military spouse.
Here are some of the most frequently asked questions surrounding the military spouse ID card process.
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How You Can Get A Different Id Card To Prove Military Service
Unfortunately, a DD Form 214 isnt a photo ID, it is simply a document. Thankfully there are many other ways to prove your military service.
If you are looking for a photo ID or other wallet-sized ID to prove your military service, then these may be good options for you:
State Drivers License or ID Card.
- Many states now include a veteran endorsement on their state-issued drivers licenses or ID cards. If this is the case, you should be able to get an ID card through your state. Call your state Department of Motor Vehicles or licensing branch for more information. You will likely need to bring your DD Form 214 to prove your military service.
State or County Veterans ID Card program.
- Some counties or other communities issue veteran ID cards. These arent official US or state government IDs, but they may be valuable in the local community, as many restaurants and retailers will extend discounts as a thanks for your service. These cards may also be good for local or county benefits programs, but these vary by locale.
Veterans Service Organization Membership Card.
- Many veterans service organizations such as the DAV, VFW, American Legion, and other organizations have membership cards. Check with your local military organization for eligibility requirements.
Do you know of any other forms of ID that can be used to prove military service? If so, please contact us. We will add it to the list.
VA ID Card photo source: WikiMedia Commons
Military Credit Card Fee Waivers And Other Perks From Chase
The Chase official site has a page dedicated to helping those who want to claim their SCRA benefits on credit cards issued by Chase.
The federal law known as the Servicemembers Civil Relief Act was created to help service members avoid credit-related fees. For example, SCRA rules state there is a mandatory 6% interest rate cap on loans and credit you had prior to starting military service-but this cap is not automatic and must be applied for in writing with supporting documentation such as military orders, etc.
Some credit card companies, including Chase, have chosen to liberally interpret SCRA laws and offer annual fee exemptions on their cards including the most elite credit cards offered to financially qualified military members.
That is why Chase waives the whopping $550 annual fee for its Sapphire Reserve Card for active duty military members. But that isnt the sum total benefits you may receive from Chase for registering as an active duty military member and claiming your SCRA benefits with them.
The Chase official site reminds service members that protections under SCRA include:
- Reduction of Interest Rates above the SCRA limits
- Protection from certain foreclosure activity
- Protection from vehicle repossession
- Early cancellation of vehicle leases where required
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