Update: Thank you DoC for the link back as well as additional datapoints! According to the new data, looks like every freeking card opened after joining the military is being covered by MLA for Citi, and every card before joining is covered under SCRA. This is beyond what Bank of America and Chase are doing which is only cards opened after 20 Sept 2017 are being waived per MLA. Chase and BoA also waive for cards opened before joining. This leaves every Chase and BoA card opened after joining and before 20 Sept 2018 exempt from both MLA and SCRA, meaning you have to pay the annual fee. If you haven’t gotten the Chase CSR and BoA Alaska which both are waived with MLA if you open them now!
Thank you to local O-4 who brought me the datapoint that his $450 annual fee on his Citibank American Airlines AAdvantage Executive Card has been waived per the MLA. Better news is that his wife is the primary card holder, and per the MLA she is covered under not being charged excessive annual fees as well as a 35% interest cap. Three companies have been verified to go above and beyond to waive annual fees as part of the MLA: Chase, Bank of America, and now Citi.
This might mean the end of my pursuit for 5/24 and CSR as my wife will probably end up with one (and me as her AU) when her Ritz card becomes the CSR. I will have to keep her account good so I can get her the United Club Credit card. Me on the other hand have my eyes on the Citi Prestige card with $250 annual flight credit to be used on tickets as well as every 4th night free in hotel bookings. This will be my go to card for earning Thank You points which I can transfer to JetBlue (at a ratio of 1 to 0.8), JetPrivilege, Malaysia, Qantas, Qatar, Singapore Airlines, Thai Airways, Virgin Atlantic, Hilton Honors (at a ratio of 1 to 1.5) and Sears Shop Your Way. Just another points universe to deal with! Hope that 75K Thank You points offer comes around again.
I could also get the Citibank American Airlines AAdvantage Executive Card for 50,000 American Airlines AAdvantage bonus miles after making $5,000 in purchases within the first 3 months of account opening. Plus full Admirals Club membership for myself and domestic lounge access for my AUs. Totally worth it in my book, just to get lounge access for my family when I don’t travel with them!
MLA is a game changer!
Remember that you have to apply it only to accounts created after 20 September 2017. (DoC says every card now falls under the MLA, even those opened after joining and before 20 Sept 2017). I say forget Chase and their constant threat of a financial review shut down. There are just too many great deals on the horizon, and I don’t want to miss out!