The Servicemembers Civil Relief Act (SCRA) provides important financial protections to eligible military personnel serving on active duty, including an interest rate cap of 6% on eligible credit products. These benefits apply to credit or loan accounts, such as the Line of Credit or Credit Card, that were opened before the start of the active duty period.
Eligible active-duty service members:
- Army, Navy, Air Force, Marine Corps, and Coast Guard, including the reserves
- Army or Air National Guard
- Commissioned officers of NOAA
- Commissioned officers of the Public Health Service
- U.S. citizens who are members of an allied nation's military service