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Browse credit cards from a variety of issuers to see if there's a better card for you.
First off, if you searched and came accross this thread, most likely you know what SCRA is. If not, check out this link SCRA: Servicemembers Civil Relief Act Overview. Below will be information about credit cards that go above and beyond the standard SCRA requirements, as standard requirements are a legal requirement. Please remember to verify fax numbers and locations you input personal information, I will do my best to validate information provided.
Capital One:
4% Interest, No Fees
Applies to new accounts (to include spouses) created after joining military service
Capital One Servicemembers Civil Relief Act (SCRA) Request for Benefits
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Synchrony Bank:
0% Interest
Applies to new accounts created after joining military service
Fax request (included active military orders or other documents) to: (866) 694-6580 or mail to: Synchrony Bank, SCRA Dept, PO Box 965074, Orlando, FL 32896
I was also able to request benifits for a specific card (PayPal Extras) by sending documents through their card portal.
Verified by: teamXDR
Target Red Card:
0% Interest
Applies to new accounts (to include spouses) created after joining military service
Fax request (included active military orders or other documents, also include account ID number) to: (612) 307-5052 or mail to: Target Card Services, Mailstop 5C-F, P.O. Box 9475, Minneapolis, MN 55440
Contact (866) 474-4680 for more information, from personal experience you may have to explain what SCRA is for CS to understand which dept to transfer you to.
Verified by: teamXDR
USAA:
4% Interest for 1 year after sending PCS orders
This is not a SCRA benifit, but still related to servicemembers .
Request this benifit by sending a copy of PCS orders through their online portal.
I'm not going to give specifics as my info may not be up to date, but last I was aware some banks would waive AFs on even super-premium cards.
wrote:I'm not going to give specifics as my info may not be up to date, but last I was aware some banks would waive AFs on even super-premium cards.
AMEX waives fees and Barclays reduces interest rate to 0% and waives fees.
As for the cards that you'd mentioned, are the reduced and/or 0% periods on-going during active service or only for certain lengths defined by the creditor?