NEW JERSEY: In these unprecedented times, finances may be tough as many people across the country have been affected by the outbreak of COVID-19. With unemployment and uncertainty, credit card issuers are doing their part, stepping up in different ways to help those in difficult situations. Credit Card Insider is keeping readers up to date on all of this information in one place.
A few ways issuers are helping those affected include:
Some issuers have extended welcome offer periods for recently approved accounts, giving cardholders more time to hit certain amounts in order to secure a bonus.
Certain issuers are allowing customers to apply for payment assistance and waivers that eliminate minimum payment requirements and possibly late fees.
Most issuers have support in place for support for customers that are struggling financially.
Goldman Sachs is even offering cardholders to skip their April Apple Card payment with incurring interest charges.
Even if issuers haven’t clearly outline their relief efforts, many will extend a helping hand on a case-by-case basis.
The complete list of credit card debt relief during the COVID-19 pandemic can be found HERE
About Credit Card Insider: Credit Card Insider was established in 2012 and aims to empower people to use credit cards to their advantage, with confidence. The organization encourages the understanding of how credit cards work and how to build credit, while endorsing responsible credit card use. Credit cards are serious financial tools, and can cause long-lasting negative financial consequences when used irresponsibly. The focus from Credit Card Insider is on the long term: to disperse knowledge and promote habits that lead to excellent credit, and to teach readers how to determine which credit cards are right for them.
Contacts: Mason Miranda, Credit Industry Specialist, Credit Card Insider, firstname.lastname@example.org