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.
Chase sapphire reserve military lending act.
Any account opened after sep 20 2017 is eligible for the chase military fee waiver.
Sapphire reserve is broadening your world of benefits.
Call chase s very helpful military specialist line at 1 800 235 9978.
Waived 450 annual fee see rates fees with the same stipulations as the amex platinum.
If you have a promotional or introductory rate you ll be able to keep.
We ve talked about credit card benefits for active duty service members in the past.
Any account opened after sep 20 2017.
Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select.
Chase military lending act.
Call chase military services toll free at 1 877 469 0110 about these and other servicing benefits available to you.
In 2006 the military lending act mla was enacted and implemented by the department of defense.
Chase military lending act mla chase updated their military policy on september 20 2017.
Active duty military can now get the most popular chase personal travel rewards card the chase sapphire reserve for free.
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.
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.
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.
12 months of complimentary lyft pink membership.
Marriott bonvoy brilliant american express card.
Most of these benefits are due to the servicemembers civil relief act scra.
This seems to only apply to chase personal not business cards.
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.
Because of the excellent travel benefits and the fact the the card is free it makes total sense for both you and your spouse to pick up a chase sapphire preferred card and then upgrade to the chase sapphire reserve.
Chase updated their military policy on september 20 2017 to comply with the military lending act.
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.
20 2017 chase instituted a significant policy change in order to be in compliance with the military lending act mla.
