Coronavirus outbreak has disrupted our lives in every possible way. Apple’s production schedule has been hampered and the company has shut down Retail stores. Furthermore, the company has also instructed its employees to work from home. Now Apple has announced that Apple Pay customers affected by coronavirus can skip March payment.
Apple will not levy interest or any sort of fee on such customers. Apple Card users have got an email that states as follows,
We understand that the rapidly-evolving COVID-19 situation poses unique challenges for everyone and some customers may have difficulty making their monthly payments. Apple Card is committed to helping you lead a healthier financial life.”
The program is called the “Customers Assistance Program” and customers will have to contact the company in order to access the program. If Apple Card user misses the March payment without joining assistance program then they will still be liable to pay an interest charge. Meanwhile, Apple Card users can enroll in the program by heading over to the support portal. Furthermore, the Apple representative had assured that the credit score will not be affected.
Many tech industries and financial institutions have come up with a program to help those impacted by a coronavirus. In the U.S. Trump administration has announced that they will be waiving off student loan waiver due to coronavirus. Meanwhile, banks in the UK are deferring mortgage and loan payment by as many three months.
Coronavirus outbreak has forced companies like Apple, Google and many others to postpone annual events. Recently, Apple announced that 2020 WWDC will be a virtual event.[via Reddit]