Apple and Goldman Sachs have agreed to let Apple Card customers defer their payments for the month of April 2020. The move is in aid to customers financially hit due to the coronavirus (COVID-19) fallout (via Bloomberg).
As part of the assistance, Goldman Sachs is also waiving interest that customers would otherwise incur for the late payments. Apple Card users were given the same relief in March due to the COVID-19 pandemic, joining others in doing that gesture such as Citibank.
In an email to customers, Apple said:
“We understand that the Covid-19 situation poses unique challenges for everyone and some customers may have difficulty making their monthly payments. If you previously enrolled in the Customer Assistance Program in March, you will need to enroll again.”
Customers will need to send a message to a customer representative through the Wallet app in order to be eligible for the program. Apple Card was rolled out in the U.S. late last year with no fees and low interest rates. It's also meant to make it easier for customers to manage their finances with a simple view of their spending. Card users also get 3% cashback on purchases from Apple, among other perks.