01 April 2020

Apple Card waives interest charges over Covid-19

Written By FinTech Alliance

Apple Card waives interest charges over Covid-19

Apple Card holders can skip their monthly interest charges in April.

In Brief:

  • Apple and Goldman Sachs on Wednesday announced users can skip monthly payments without incurring any interest.

  • People were also able to defer March payments.

  • Those who chose to do so will have to reregister again in April.


What does this mean?


Apple has called the move part of its “customer assistance programme” as it seeks to support customers during Covid-19. Apple Card launched in August as a way for  Apple to gain recurring revenue and diversify its product range, so it will not have been gaining customer interest for very long before the pandemic.

Read more.

 

Up Next ...
19 March 2024

Zilch plans 2025 IPO

As it closes in on profitability, London-based buy now, pay ...

19 March 2024

Robinhood goes live across the UK

The firm set up a waitlist for UK residents in ...

19 March 2024

Zone raises $8.5mn in Seed Funding

Scaling its decentralised payment infrastructure. In brief:- Africa’s fast-growing payment infrastructure ...

18 March 2024

Is the Insurance Industry Finally Embracing a Data-Driven, Customer-Focused Future?

Written By: Epam Systems

The insurance sector has been relatively slow to adopt the ...

More in Consumer Lending

Zilch partners with Yapily to harness open banking technology for BNPL

10 March 2023

Zilch is partnering with open banking platform Yapily to bring ...

Credit Suisse extends $1bn credit facility to Curve

07 December 2022

Curve, the card aggregation FinTech, has secured a $bn line ...

Intuit acquires financial health business SeedFi

06 December 2022

Intuit, a financial software company that owns a number of ...

Klarna rolls out retailer-influencer platform

29 November 2022

Klarna has launched a new platform to connect retailers with ...

Articles Consumer Lending

2021 State of credit

11 October 2021

In partnership with Propeller Insights, Marqeta conducted a survey of 3,500 consumers across the US,...

Articles Consumer Lending

What’s next: How consumer goods leaders envision tomorrow

27 July 2021

In partnership with The Consumer Goods Forum, PwC’s latest report examines how business leaders are...

Articles Consumer Lending

EBA consumer trends report 2020/21

01 June 2021

The report covers the retail banking products and services that fall within the EBA’s consumer prote...

Articles Consumer Lending

Consumer use of payday, auto title, and pawn loans

01 June 2021

In this research brief, we examine the prevalence, persistence of use, and alternate credit sources...

There are no Events in this category