#1
28th April 2015, 09:38 AM
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Discover card SCRA benefits
What is Servicemembers Civil Relief Act (SCRA) card? I am searching for the benefits of the SCRA: Servicemembers Civil Relief Act? Can you please tell me about this? Also tell me about its Military Benefits on Discover Card?
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#2
4th January 2016, 05:17 PM
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Re: Discover card SCRA benefits
Hello sir, I am Mark. I am currently in US army. I want you to provide me details regarding the Discover card SCRA benefits?
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#3
4th January 2016, 05:18 PM
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Re: Discover card SCRA benefits
SCRA is Servicemember's Civil Relief Act. The Service member's Civil Relief Act (SCRA) offers certain benefits for service members who are called to active duty, so that they may devote their full attention to their duties while their family members experience less stress. Service members and their spouses/domestic partners have earned the following Service members Civil Relief Act (SCRA) benefits for the duration of active duty service: 6% or less annual percentage rate (APR) on Discover card purchases and cash advances No late fees This coverage lasts as long as the service member is on active duty—and is even applied retroactively to the active duty start date. Once activated, your SCRA benefits may automatically extend to other Discover products, such as personal loans, home equity, home loans and student loans. The interest rate charged on the entire balance will be lowered to 5.9% fixed rate on purchases and cash advances. If you have any promotional rates on the account that are lower than 5.9% fixed, they will remain in effect until the promotion expires. Upon expiration, the balance will move to 5.9% fixed APR during the period of SCRA benefit coverage. SCRA benefits are available to active duty members of the branches listed below: Army (including Army reserves) Navy (including Navy reserves) Marine Corps (including Marine Corps reserves) Air Force (including Air Force reserves) Coast Guard (including Coast Guard reserves) National Guard Commissioned Officers of the U.S. Public Health Service Commissioned Officers of the National Oceanic and Atmospheric Administration |
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