Key Takeaways Under the Military Lending Act (MLA), major credit card issuers waive annual fees on premium cards for active duty service members and their covered dependents — including cards with fees of $500 or more per year. This fee waiver is one of the most underutilized financial benefits in the military community. Many service members who qualify never claim it. Premium … [Read more...] about Best Credit Cards for Active Duty Military: How to Use MLA Fee Waivers to Get Premium Rewards for Free
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SCRA and MLA: The Military Financial Protections Most Service Members Don’t Know They Have
Key Takeaways Two separate federal laws protect service members from financial harm: the Servicemembers Civil Relief Act (SCRA) covers debt taken out before active duty; the Military Lending Act (MLA) covers debt taken out during active duty. The SCRA caps interest rates at 6% on pre-service mortgages, auto loans, credit cards, and student loans — and can save thousands in … [Read more...] about SCRA and MLA: The Military Financial Protections Most Service Members Don’t Know They Have