Companies who support the SCRA

Active duty servicemembers can benefit greatly by applying for Servicemembers Civil Relief Act protections and provisions with the following financial companies. Possible benefits include reduction of interest rates, protection from repossession and foreclosure, no late fees, and no annual credit card fees.

Photo by Petty Officer 2nd Class LaTunya Howard
Credit: Petty Officer 2nd Class LaTunya Howard

American Express

American Express has demonstrated their support of the U.S. military by offering to waive all their annual credit card membership fees for active duty servicemembers. American Express will also apply the standard SCRA provisions.

American Express – SCRA Eligibility

To qualify for SCRA benefits with American Express, you must meet one of the following criteria:

  • A member of the U.S. Armed Forces (any military branch) serving on active duty.
  • A member of a reserve component called to active duty.
  • National Guard member under a call or order to active duty for more than 30 consecutive days.
  • Commissioned Officer for the Public Health Service or NOAA.
  • U.S. citizen serving with the forces of a nation with which U.S. is allied in war or military action.
  • Spouse of active duty, where credit is extended to a Service member and spouse jointly.

American Express – SCRA Benefits

Active duty military personnel can request SCRA benefits and have the annual membership fee waived on their American Express credit card accounts. This valuable offer includes The Platinum Card, which has a $450 annual fee. Please be aware that the active duty military service member must be a cardholder in order for the account to qualify for SCRA benefits with American Express.

Under the Servicemembers Civil Relief Act, the following account fees will also be waived by American Express, for the duration of the military members’ active duty service:

  • Overlimit fees
  • Late payment fees
  • Returned payment fees
  • Statement copy request fees

View more info and apply for SCRA benefits with American Express


Bank of America 

Bank of America has promised to help protect their active duty military customers by offering SCRA benefits and protections on lines of credit, credit cards, installment loans, mortgage and home equity secured loans, and student loans. Servicemembers Civil Relief Act benefits extend to both consumer and business loan accounts with Bank of America.

Bank of America also extends certain benefits to the spouse or dependent of a covered active duty servicemember, even if the servicemember is not specifically named on the account.

Bank of America  – SCRA Eligibility

To qualify for SCRA benefits with Bank of America, the military member must self identify as:

  • Active duty Army, Navy, Air Force, Marine Corps or Coast Guard.
  • Reservist serving on active duty.
  • National Guard serving on active duty for more than 30 consecutive days under federal orders issued by the President or Secretary of Defense.
  • Commissioned officer of the National Oceanic & Atmospheric Administration
  • Commissioned officer of the Public Health Service.

Bank of America – SCRA Benefits

  • Reduction or limits on interest rates to 6% in effect for your entire active duty service. Eligible accounts include credit cards, installment contracts, mortgages, and student loans. If your interest rate is higher than 6% your payments will be reduced to reflect the lower interest rate.
  • Protection from repossession and foreclosure.

Bank of America encourages active duty to know their rights under the Servicemembers Civil Relief Act. For more information, check out the Bank of America SCRA overview.


Discover

Discover has made the commitment to support active duty servicemembers by offering 6% or less annual percentage rate (APR) on Discover card purchases and cash advances, and no late fees. These SCRA benefits are even applied retroactively to the service member’s active duty start date.

Discover  – SCRA Eligibility

To qualify for SCRA benefits with Discover, the servicemember must have been or currently be on active duty status in one of these U.S. military branches:

  • Army
  • Navy
  • Air Force
  • Marine Corps
  • Coast Guard
  • Reservist or member of the National Guard (on active duty)
  • Commissioned Officer of the Public Health Service or the NOAA

Active duty servicemembers and their spouses/domestic partners are eligible for SCRA benefits on joint accounts. Discover extends this benefit to separate accounts on which the servicemember is not obligated.

Discover – SCRA Benefits

  • 6% or less APR on all Discover card purchases and cash advances.
  • Coverage may extend to personal loans, home equity, home loans, and student loans.
  • No late fees.

You can also apply for retroactive SCRA coverage with Discover, for up to 180 days after the end of your active duty service.

Activate your SCRA benefits with Discover


Capital One

Capital One is committed to both the letter and spirit of the SCRA, including provision of benefits and protections above and beyond what is required under the SCRA in certain situations.

Capital One – SCRA Eligibility

Capital One offers SCRA benefits to those serving on active duty with one of the following branches:

  • Army, Navy, Air Force, Marine Corps, and Coast Guard reserves
  • Army or Air National Guard
  • U.S. citizens who are members of an allied nation’s military service
  • Commissioned officers of the National Oceanic and Atmospheric Administration
  • Commissioned officers of the Public Health Service
  • Spouses and dependents of active duty Servicemembers listed above

Capital One – SCRA Benefits

  • Maximum interest rate of just 4% on accounts owned and serviced by Capital One.
  • No fees assessed on accounts, except bona-fide insurance.

Learn more about Capital One SCRA benefits


Chase

Chase is dedicated to offering servicemembers convenience, savings, service and security. Active duty servicemembers can apply for SCRA benefits and receive interest rates 2% lower than what the Servicemembers Civil Relief Act even requires.

Chase – SCRA Eligibility

To qualify for SCRA benefits with Chase, the applicable military member must currently be on active duty in one of the following:

  • Army
  • Navy
  • Air Force
  • Marine Corps
  • Coast Guard
  • Reservist or member of the National Guard
  • Commissioned Officer of the Public Health Service or the National Oceanic
    and Atmosphere Foundation

Chase – SCRA Benefits

  • Interest rates 2% lower than SCRA requires— You could lower your interest rate to 4%!
  • Foreclosure protection: Chase will not foreclose on your home if you’re deployed on active duty or SCRA-protected–even if you’re behind on your mortgage payments. This protection applies regardless of when your mortgage began. And Chase will honor this protection for one year following active duty or until your SCRA-protected status ends.

Chase has a dedicated Military Services Team available to assist you with SCRA benefits.

Servicemembers Civil Relief Act Benefits

SCRA Eligibility

USAF Photo by Airman 1st Class Javier Alvarez

Active duty U.S. military members are eligible to receive money saving financial relief and protections under the Servicemembers Civil Relief Act (SCRA). Military personnel become eligible for SCRA benefits starting on the date when their active duty orders are received, and SCRA coverage usually terminates within 30 to 90 days after their date of discharge from active duty. SCRA only applies to Reservists and members of the National Guard when they’re serving on active duty orders. Financial relief under the Servicemembers Civil Relief Act is available to active duty members of all the Uniformed Services branches.

The SCRA, formerly known as the Soldiers’ and Sailors’ Civil Relief Act, is a federal law enacted in 2003, that restricts or limits actions against military personnel currently serving on active duty. The Act was designed to allow active duty service members, and especially those who are deployed, to “devote their entire energy to the defense needs of the Nation.”

The Servicemembers Civil Relief Act includes protections and provisions which cover:

  • Credit card interest rates
  • Cellular service provider contracts
  • Rental agreements
  • Security deposits
  • Evictions
  • Installment contracts
  • Mortgages
  • Civil judicial proceedings
  • Income tax payments

SCRA relief and protections can also apply to the spouses and children of the qualified servicemember, as well as any individual who relied on the servicemember for at least 50 percent of their support, for 180 days prior to using the Act. If you’re unsure of whether SCRA applies to you, eligibility can also be determined through your base Legal Assistance Office.

SCRA Credit Card and Loan Benefits

In accordance with the Servicemembers Civil Relief Act, most major banks and credit card issuing companies will offer a refund on interest and annual fees for certain financial obligations that were incurred prior to one’s active duty military service. Banks will also lower the interest rates on loans that existed before the servicemember joined the military.

For example, if you bought a car before serving on active duty, and your current interest rate is 18 percent, you can invoke your SCRA benefits and have your rate lowered to 6 percent. Please note that in this same example, military personnel who purchase a car while serving on active duty, cannot apply SCRA to lower the interest rate on their loan.

Chase supports the military by offering active duty personnel interest rates that are 2% lower than what SCRA actually requires, meaning that you could lower your interest rate to 4% while on active duty, and for a year afterward. Credit card companies will also waive annual credit card fees, offering considerable savings. American Express Platinum cardholders could save $450 annually under SCRA.

Receive SCRA Benefits

In order to receive benefits under the SCRA, you must affirmatively invoke or request relief. Your active duty military status must be verified before you will receive benefits. This process varies depending on the company. We’ve also prepared a list of companies offering SCRA benefits, so that you can easily apply Servicemembers Civil Relief Act protections and provisions to your eligible accounts and loans.

For more information on your Servicemembers Civil Relief Act benefits, please contact your base Legal Assistance Office, or visit the official website on Servicemembers Civil Relief Act

Scholarships for Military Spouses

Military spouse clubs near military bases frequently offer scholarships for military spouses. Scholarships for military dependents are a great way to save money on college expenses, and help support the local community through continued military spouse education. If selected to receive a scholarship, eligible military spouses and military dependents could receive money for college and continued education, ranging from $500 to $2500, or even more.

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Often these scholarships are only offered to military dependents whose sponsor is assigned to a certain military base, however each scholarship will have their own application criteria, so be sure to check the specific requirements before applying. In most cases club membership is not even a requirement. Some scholarships are also open to spouses of retired military personnel, and spouses of department of defense civilians. There are also scholarships for children of veterans.

Military spouses and dependents are sometimes eligible to reapply for the scholarship year after year. Previous winners may receive emails in the future, encouraging them to reapply.

The money awarded through military dependent scholarships sponsored by these local clubs is intended to help eligible military dependents pay for college, and help military spouses strengthen their career skills.

In conjunction with the Military Spouse Career Advancement Accounts (MyCAA) program, military spouses can save a lot of money on tuition and other education related expenses. There are also plenty of military friendly colleges to choose from, when looking for a degree program to use any applicable scholarship money for.

Below you will find military spouse groups and clubs who offer scholarships for military dependents. This list is in alphabetical order, organized by state, and will be updated often:


Alabama

Fort Rucker Community Spouses Club

Maxwell-Gunter Officers’ Spouses’ Club

Redstone Arsenal Community Women’s Club

Alaska

Fort Wainwright Community Spouses’ Club

Joint Base Elmendorf–Richardson Spouses Club

Richardson Spouses’ Club

The Spouse’s Association of Kodiak

Arizona

Davis-Monthan Officers’ Spouses’ Club

Fort Huachuca Community Spouses’ Club

Luke Spouses’ Club

Arkansas

Little Rock Spouses’ Club

California

Beale Officers’ Spouses’ Club

East Bay Coast Guard Spouses’ Club

Edwards Officers’ Spouses’ Club

Marine Corps Air Station Miramar Officers’ Spouses’ Club

Military and Civilian Spouses’ Club of Ft. Irwin

Monterey Bay Officers’ Spouses Club

North Bay Coast Guard Spouses Club

Officers’ Spouse Club of Camp Pendleton

Officers’ Spouse’s Club of 29 Palms

The Naval Officers’ Spouses’ Club of San Diego

Travis Spouses’ Club

Vandenberg Spouses’ Club

Colorado

Air Force Academy Spouses’ Club

Mountain Post Spouses Club, Fort Carson

Peterson, Schriever and Cheyenne Mountain Spouses’ Club

Connecticut

Coast Guard Spouses’ Association of Southeastern Connecticut

Delaware

Dover Officers’ Spouses’ Club

District of Columbia

Air Force Officers’ Spouses’ Club

Army Officers’ Spouses’ Club of the Greater Washington Area

Coast Guard Spouses’ Club

Naval Officers’ Spouses’ Club

Florida

Eglin Spouses’ Club

Hurlburt Spouses’ Club

MacDill Officers’ Spouses’ Club

Tyndall Spouses Club

Georgia

Fort Benning Community Spouses Club

Fort Gordon Spouses’ and Civilians’ Club

Marne Community & Spouses’ Club at Fort Stewart/Hunter A.A.F.

Robins Officers’ Spouses’ Club

Hawaii

Hickam Officers’ Spouses’ Club

Hui ‘O Na Wahine Spouses Club at Schofield Barracks

The Coast Guard Spouses Association of Oahu

Idaho

Mountain Home Officers’ Spouses’ Club

Illinois

Rock Island Arsenal Welcome Club

Scott Spouse Club

Kansas

Fort Leavenworth Spouses’ Club

McConnell Officer Spouses Club

The Combined Scholarship Fund of Greater Fort Riley

Kentucky

Fort Campbell Spouses’ Club

Fort Knox Spouses and Community Club

Louisiana

Barksdale Officers’ Spouses’ Club

Fort Polk Spouses’ Club

Maryland

Aberdeen Proving Ground Community Spouses Club

Fort Meade Enlisted Spouses’ Club

Massachusetts

Hanscom Spouses Club

Mississippi

Keesler Spouses’ Club

Missouri

Fort Wood Community Spouses’ Club

Whiteman Spouses’ Club

Nebraska

Offutt Officers’ Spouses’ Club

Nevada

Nellis Air Force Base Area Spouses’ Club

New Jersey

Jersey Cape Military Spouses’ Club

Joint Base McGuire-Dix-Lakehurst Spouses’ Club

New Mexico

Cannon Spouses’ Club

Kirtland Spouses’ Club

Whiteman Spouses Club

New York

North Country Spouses’ Club

North Carolina

Association of Bragg Spouses

Camp Lejeune Officers’ Spouses’ Club

Cherry Point Officers’ Spouses’ Club

Seymour Johnson AFB Officer & Civilian Spouses Club

North Dakota

Grand Forks Air Force Base Spouse Club

Minot Officers’ Spouses’ Club

Ohio

Wright-Patterson Officers’ Spouses’ Club

Oklahoma

Fort Sill Patriot Spouses’ Club

Tinker Spouses’ Club

Pennsylvania

Carlisle Barracks Spouses Club

Rhode Island

Military Spouses of Newport

South Carolina

Parris Island Officers’ Spouses’ Club

Team Charleston Spouses Club

Victory Spouses Club of Fort Jackson

South Dakota

Ellsworth Officers and Civilians Spouses Club

Tennessee

Fort Campbell Spouses’ Club

Texas

Dyess Spouses’ Club

Goodfellow Combined Spouses’ Club

Lackland Spouses’ Club

Laughlin Spouses’ Club

Randolph Officers’ Spouses’ Club

Spouses’ Club of the Fort Sam Houston Area

The Sheppard Officers’ Spouses’ Club

Utah

Hill Officers’ Spouses’ Club

Virginia

Belvoir Officers’ Spouses’ Club

Fort Lee Area Spouses’ Club

Langley Officers’ Spouses’ Club

Quantico Officers’ Spouses’ Organization

Spouses Club of Fort Eustis

Washington

Fairchild Officers’ Spouses’ Club

Ft Lewis Family Member Scholarship

McChord Spouses Club

Wyoming

Warren Spouses’ Club


OCONUS clubs that offer scholarships to military spouses:

Andersen Officers’ Spouses’ Club

Aviano Officers & Civilians Spouses’ Club

Bavaria Community & Spouses Club

Kadena Officers’ Spouses’ Club

Kaiserslautern Military Community

Marine Officers’ Spouses’ Club of Okinawa

Mildenhall Spouses’ Club

Misawa Officers’ Spouses’ Club

RAF Lakenheath Officers’ & Civilians’ Spouses’ Club

Spangdahlem Officers’ and Civilians’ Spouses Club

Team Osan Spouses’ Club

Wiesbaden Community Spouses’ Club

Yokota Officers’ Spouses’ Club


Other clubs that offer scholarships to military spouses:

Air Force Association

Corvias Foundation

National Military Family Association

Navy Wives Clubs of America

Navy-Marine Corps Relief Society

The Tillman Scholars Program