Navy Exchange Introduces Reduced-Interest Payment Plans


Story Number: NNS191119-01Release Date: 11/19/2019 7:49:00 AM
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From Navy Exchange Service Command Public Affairs

Virginia Beach, VA (NNS) -- The Navy Exchange Service Command (NEXCOM) is now participating in the Exchange Credit Program’ s new “Pay Your Way” flexible payment plans, to meet the needs of service members and their families through every stage of their careers.

Pay Your Way, a financing program from Military Star, allows customers to choose a fixed monthly payment at a reduced, fixed APR of 9.99%, using their existing Military Star line of credit. Three plans are offered:

Purchases $300-$499.99 are eligible for the 36-month plan.

Purchases $500-$999.99 are eligible for the 48-month plan or the 36-month plan.

Purchases greater than $1,000 are eligible for the 60-month, 48-month or 36-month plans.

“The Military Star Pay Your Way program will assist Sailors and their families in planning and paingy for some of those higher-cost purchases, like the initial uniform purchase at OCS, new living-room furniture or even preparing for a new baby,” said NEXCOM Command Master Chief Shannon Howe. “These three new plans offer NEX customers the flexibility to shop and pay for their purchases in a way that best fits their needs.”

NEX shoppers can estimate monthly payments using the payment estimator at MyECP.com/Calculator. The calculator can also be accessed via the QR code on signs at NEX main stores as well as online at myNavyExchange.com. Purchases at NEX mini-mart and gas station locations are excluded.

As with all Military Star purchases, shoppers using the Pay Your Way plans receive two reward points per dollar. Cardholders earn a $20 reward card every 2,000 points.

For more information, visit MyECP.com.

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For more news from Navy Exchange Service Command, visit www.navy.mil/local/nexcom/.

 
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Pay Your Way: MILITARY STAR Introduces Reduced-Interest Payment Plans
The Navy Exchange Service Command (NEXCOM) announces its participation in the Exchange Credit Program™s new Pay Your Way flexible payment plans. The new program introduces flexible payment plans designed to meet the varying needs of service members and their families through every stage of their careers. NEXCOM is comprised of 14,000 personnel worldwide facilitating six business lines, NEX retail stores, the Navy Lodge Program, Telecommunications Program, Navy Clothing and Textile Research Facility, Ships Store Program and the Uniform Program Management Office. (U.S. Navy photo by NEXCOM Public Affairs/Released)
November 18, 2019
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