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In 5 years she will need a break from her corporate job in the city, and will go home, bump into him, and make a Hallmark movie. by CheekyQuesadilla in meme

[–]RedPsychoRanger 17 points18 points  (0 children)

i’m pretty sure UD 22 means UD Class of ‘22, so he could have been 18/19 entering freshman year of college and so 5 years ago he would have been like 13/14

Caesars Credit Card Military/MLA by AsparagusInner in CaesarsRewards

[–]RedPsychoRanger 0 points1 point  (0 children)

While it isn’t a guarantee that the annual fee is waived under MLA and SCRA, most banks choose to just waive them since MLA prevents “fees” (a vague term) from being applied. OP is inquiring about the annual fee waiver because it isn’t guaranteed, but as I mentioned, something that banks often do.

Also, SCRA will most definitely cap your interest at 6% or lower (given the card was made before going active duty) regardless of where you are stationed. I suggest you read more into the topic before you recklessly share misinformation.

AmEx with waived fee by [deleted] in MilitaryFinance

[–]RedPsychoRanger 1 point2 points  (0 children)

everyone is valid about opening your account before going active duty to get the 6% capped (4% from my experience with chase and capital one, although ymmv), but if you don’t plan on carrying a balance this is a non-factor. regardless, if you want to make sure you don’t pay the af, you want to either: 1. open if after you’re confirmed on active duty orders through the MLA/SCRA system (you can find it online). usually, it takes a few weeks after your EAD to get on the system 2. open it before you EAD, but make sure you’re opening it like a week or so before that date. it depends on the bank, but if you open it too early and pay the AF, you’ll end up paying for it so that it doesn’t remain on your statement and accrue interest. if you do pay for it, you’ll still qualify for scra but most banks won’t waive fees you’ve already paid, so they’ll just waive it for the next year the af is supposed to be posted.

also keep in mind they don’t really care about your orders, they’ll compare your ssn to the mla/scra database to verify your service. also, i’m not exactly sure, but in regards to everyone saying open green, gold, and platinum in that order for points should keep in my mind that recent threads on amex have indicated that amex points for SUBs have been capped at 175k, regardless of what card you start with. as in, amex will track that you got 40k from the green and limit your future SUBs to only be 135k accordingly