Discover Card SCRA: Credit and Benefits for Service Members

If you're a service member, you're entitled to certain credit and benefits when it comes to your Discover Card account.

Discover Card offers a special program for service members, which includes protection from interest rate increases and late fees.

As a service member, you're protected from interest rate increases and late fees, which can save you money and help you manage your debt.

You can also request a credit limit increase without affecting your credit score, which can be a big help when you're deployed or have a change in income.

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To be eligible for SCRA benefits, you must be a servicemember or have a spouse/domestic partner who is a servicemember.

The servicemember must have been on or currently on active duty in one of the following military services: Army, Navy, Air Force, Space Force, Marine Corps, or Coast Guard.

Reservists and National/State Guard members are also eligible, as are Commissioned Officers of the US Public Health Service (USPHS) or the National Oceanic and Atmospheric Administration (NOAA).

To be eligible for SCRA benefits, you must be a member of one of the following military services: Army, Navy, Air Force, Space Force, Marine Corps, or Coast Guard.

Servicemembers who are Reservists or members of the National/State Guard are also eligible.

Commissioned Officers of the US Public Health Service (USPHS) or the National Oceanic and Atmospheric Administration (NOAA) qualify for SCRA benefits as well.

Here's a list of eligible military services:

To be eligible for benefits, you'll need to meet certain requirements. The age requirement is 65 years old for most programs, but some may have different age limits.

You'll also need to have worked and paid taxes for a certain number of years to qualify for benefits. This is known as the "work credit" requirement, and it varies depending on the program.

Most programs require you to have a certain amount of income or assets to be eligible. This is to ensure you're not relying too heavily on benefits and can still support yourself.

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The application process can be complex, but it's worth it to get the benefits you deserve. You'll need to gather documentation such as your Social Security number, birth certificate, and proof of income.

The amount of benefits you receive will depend on your work history and income. For example, if you've worked in high-paying jobs, you may receive a higher benefit amount.

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Credit Received

You can receive credit on your Discover card through various means, such as cash back rewards, sign-up bonuses, and credit limit increases.

Discover offers 5% cash back on different categories throughout the year, such as gas stations, grocery stores, and restaurants.

You can earn up to $1,000 in cash back rewards in the first year with the Discover it Cash Back card.

The Discover it Chrome card offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter.

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You can also receive credit through sign-up bonuses, such as the Discover it Cash Back card's $150 bonus after spending $500 in the first 3 months.

In addition, Discover may increase your credit limit, which can also be a form of credit received.

Discover will notify you by mail or email if your credit limit is increased, and you can also log in to your account to check your new credit limit.

Keep in mind that credit limit increases are subject to your creditworthiness and payment history.