Apple lets its credit card holders defer April payments amid the coronavirus - News Summed Up

Apple lets its credit card holders defer April payments amid the coronavirus


Apple and Goldman Sachs are allowing Apple Card customers to defer their April payments without penalty in order to help those impacted by the coronavirus pandemic, Bloomberg reports. 'We understand that the Covid-19 situation poses unique challenges for everyone and some customers may have difficulty making their monthly payments,' Apple wrote in an email to card customers. This month, banks in the UK deferred mortgage payments while the US temporarily halted interest payments on student loans. Among its defining features is its lack of card number, opting instead to use a virtual number that is stored in a secure chip inside the iPhone. That means the physical Apple Card has no number displayed on its matte surface, which the company has touted as an extra layer of security.


Source: Daily Mail April 01, 2020 20:25 UTC



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