So I received my SCRA letter from US Bank regarding my two cards, both my Club Carlson Visa Signature card and my REI card. The letter said that all fees such as foreign transaction are waived, and that APR was a max 6%. It did not mention annual fees though. I called their military support center, and unfortunately, they do not waive annual fees for their cards. They are not required to under the SCRA, but it’s still unfortunate. I will be downgrading or cancelling my Club Carlson card later this year when the annual fee comes due.
(unfortunately in all the chaos of packing household goods, I lost the actual SCRA paper from them, so I can’t scan and upload it…sorry)
I do have the paper from Citi though, and I have some good and some bad news. First, the good news. Annual fees are indeed waived on almost all their cards, including the Prestige, the Premier, AA Platinum personal and business, and their Hilton cards. The bad news is that it is not waived on the Citi Exec, like I reported earlier this year. That is too bad. I got doubly screwed on this one, because I thought I’d be receiving the 75k bonus after spending $7.5k, but they said because I’ve had this card already (thrice actually, last year) that I was ineligible for the bonus this time around. I wish they’d told me that before I applied. Whomp whomp whomp 🙁