R 290746Z OCT 01 ZYW
FM CMC WASHINGTON DC//MRF//
TO MARADMIN
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UNCLAS //N00746//
MARADMIN 543/01
MSGID/GENADMIN/CMC WASHINGTON DC/MRF//
SUBJ/MILITARY STAR REDUCED INTEREST RATE DEPLOYMENT POLICY//
POC/LEE LEWIS/-/CMC (MRF)/-/TEL:703-784-3849//
RMKS/1. EFFECTIVE 24 SEPTEMBER 2001, MARINES DEPLOYED FOR AT LEAST
90 DAYS TO AREAS CONSIDERED FOR IMMINENT DANGER PAY, WHO HAVE A
MILITARY STAR ACCOUNT THAT IS NOT IN A COLLECTION STATUS, CAN
QUALIFY FOR A REDUCED INTEREST RATE DURING THE DEPLOYMENT PERIOD.
2. THERE ARE TWO OPTIONS AVAILABLE:
A. OPTION 1: YOU CAN SELECT A REDUCED INTEREST RATE OF 6%. YOU
WILL NOT BE REQUIRED TO MAKE PAYMENTS ON YOUR ACCOUNT AND YOU WILL BE
ABLE TO USE YOUR STAR CARD DURING THE DEPLOYMENT.
B. OPTION 2: YOU CAN SELECT AN INTEREST RATE OF 0%. YOU WILL NOT BE
REQUIRED TO MAKE PAYMENTS ON YOUR ACCOUNT AND YOU WILL NOT BE ABLE TO
USE YOUR STAR CARD DURING DEPLOYMENT.
C. INTEREST WILL REVERT TO THE NORMAL RATE ON THE ACCOUNT BALANCE
AND NEW PURCHASES WHEN THE APPROVED DEPLOYMENT END DATE IS REACHED.
3. TO RECEIVE THE LOWER INTEREST RATE THE ACCOUNT HOLDER'S COMMAND
MUST PROVIDE A LETTER TO THE MILITARY STAR CREDIT CONTACT CENTER
LISTING THE MARINES BEING DEPLOYED. THE COMMAND CAN FAX THE LETTER
TO (214) 312-4326, DSN 967-4236 OR MAIL IT TO THE EXCHANGE CUSTOMER
CONTACT CENTER, P.O BOX 650524, DALLAS, TX 75265-0524. IF THE
DEPLOYMENT IS EXTENDED BEYOND THE DATE IN THE INITIAL LETTER, THE
COMMAND MUST NOTIFY THE CONTACT CENTER AND REQUEST AN EXTENSION.
REQUESTS FROM INDIVIDUAL ACCOUNT HOLDERS CANNOT BE PROCESSED.//
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