You might be wondering if the American Express Platinum Card is free for military personnel. The answer is yes, but only if you are a military service member on active duty. The wives of military members who are on active service are also eligible for this perk. However, because the offer is not extended to veterans or retirees, it cannot be said that all military people will receive it.
This benefit is provided because American Express, in accordance with the Servicemembers Civil Relief Act (SCRA), has a specific program just for active-duty military personnel. The American Express Platinum Card’s annual fee is waived as part of this initiative, which is intended to help active-duty military people and their spouses with their finances.
You must get in touch with American Express and present proof of your active-duty status in order to take advantage of this incentive. To renew the benefit, you will also need to get in touch with them every year. The principal cardholder is the only one to whom this benefit applies; any other cardholders who may be listed on the account are not eligible.
American Express offers a unique program for military personnel called the Military Lending Act (MLA) in addition to the SCRA scheme. This initiative, which includes the waiver of annual fees for several credit cards, like the American Express Platinum Card, is intended to offer financial security to military personnel and their families.
You must present evidence of both your income and your military status in order to be eligible for the MLA program. Although the income criterion for the American Express Platinum Card is not spelled out in stone, it is commonly recognized that you must make at least $100,000 per year to be eligible. However, depending on your credit score and other factors, this need can change.
In conclusion, under the SCRA program, active-duty military soldiers and their spouses are eligible for a free American Express Platinum Card. However, veterans or retirees are not eligible for this benefit. You might be eligible for the MLA program, which waives annual fees on some credit cards, including the American Express Platinum Card, if you are an active-duty military member. You will need to present proof of your military status and income in order to benefit from these programs.