Chase Sapphire Reserve Military Lending Act

Chase military lending act.

Chase sapphire reserve military lending act. Active duty military can now get the most popular chase personal travel rewards card the chase sapphire reserve for free. Any account opened after sep 20 2017 is eligible for the chase military fee waiver. We accept operator relay calls. We ve talked about credit card benefits for active duty service members in the past.

This seems to only apply to chase personal not business cards. If you have a promotional or introductory rate you ll be able to keep. Chase military lending act mla chase updated their military policy on september 20 2017. I recently opened a chase ihg premier card and received my mla fee waiver letter from chase before i even received the card.

Sapphire reserve is broadening your world of benefits. Most of these benefits are due to the servicemembers civil relief act scra. Chase updated their military policy on september 20 2017 to comply with the military lending act. Our specialists are available monday friday from 8 am to 11 pm et.

For more information on the chase sapphire reserve read our card review. 20 2017 chase instituted a significant policy change in order to be in compliance with the military lending act mla. Call chase military services toll free at 1 877 469 0110 about these and other servicing benefits available to you. Because of the 36 mapr military annual percentage rate cap including fees for a credit card account chase erred on the side of caution and waived the sapphire reserve s annual fee for military personnel for.

While the servicemembers civil relief act scra prompted a couple of credit card companies to waive annual fees and cap interest rates under certain conditions for their cards most credit card companies did not provide any special benefits to the members of the military. If calling internationally you can call collect at 1 318 340 3308. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. In 2006 the military lending act mla was enacted and implemented by the department of defense.

Any account opened after sep 20 2017. Your chase sapphire reserve account will receive one complimentary lyft pink membership for 12 consecutive months a minimum value of 199 when the membership is activated with a chase sapphire reserve card by 03 31 2022. Marriott bonvoy brilliant american express card. 12 months of complimentary lyft pink membership.

The military lending act mla was passed not too long ago with chase updating their policy for active duty military personnel in which case if you fall under this category it s to my understanding that you ll have your annual fee waived completely on top of a military annual percentage rate mapr that won t be over 36. With the pay yourself back tool your ultimate rewards points are worth 50 more when you redeem them for statement credits against purchases in our current categories.