If you're making a regular purchase, the interest rate is 12.24 percent. . 1996) (falsifying an LES and ID card in order to obtain car loan was violation of Article 107; the official character of a false statement can be based upon its apparent issuing authority rather than the identity of the person receiving it or the purpose for which it is made). The card offers a line of credit to help with routine day-to-day purchases, as well as those specific to a military lifestyle. Of course the major exception to the Military Star Card compared to other credit cards is that you must represent a member of the U.S. Military. No cash redemption offered for reward points. DO NOT DO IT!!!! Overall, the feedback regarding the Military Star Card is positive. The Star Card had a CL of $7800 and was not only maxed out but being garnished from my disability at the rate of around $172 per month. Step 1: The first step in the process will be to navigate to the official website for your Military Star Card account (www.myecp.com). Collecting the Debt - Guides at Texas State Law Library All rights reserved. A popular option is to redeem points at places like myNavyExchange.com, shopmyexchange.com, and shopCGX.com. The Military Star Card is a private-label line of credit offered by the Exchange Credit Service (ECP) and managed by the Army and Air Force Exchange Service (AAFES). There are so many other cards way better even if you dont get that interest charge break. The program was established to protect service members from predatory lending through reasonable credit solutions. Today I was told that the over $200 a month only covers the penalties, late fees, and interest, with no money over the last four years going to principal. Defense Finance and Accounting Service > waiversandremissions
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