How different banks and credit card organizations are helping during the COVID-19 epidemic

Stick with us to know from individual credit card backers to significant US banking establishments, how different banks and credit card organizations are helping during the COVID-19 epidemic.

Coronavirus has become a major topic of concern. It isn't only a minor bother for a few. Its increasing effect is causing money related hardship for a lot of people. Let's see how different banks and credit card organizations are helping during the COVID-19 epidemic.

With numerous businesses shutting down, cutbacks and unpaid leave could mean you can't manage the cost of your standard bills. During this tough time, several US banks and credit card firms are offering transitory help and support so you don't fall behind on installments.

Furthermore, in case you can't remain current, there are programs set up to ensure you don't confront superfluous expenses, a financial assessment drop or different punishments for late or missed installments.

Have a look at the list below to know which firms are helping during this epidemic time:


Ally is a powerful online bank with a cluster of deposit stocks, loans, and various financial services. Ally partner clients won't get charged overdraft expenses, unnecessary exchange expenses or charges for sped up checks and debit cards. Expense waivers are set up until July 16. If anyone has queries, opinions or doubts then they are helping clients to use the website, however, call wait times will slightly be longer than regular.

American Express

The American Express firm, another name is Amex, is an American worldwide money related administration partnership situated in New York City financial services corporation located in New York City. This bank is providing the facility to call the number on the back of Amex card or log in to the American Express account to have a conversation with an executive regarding the financial hardship. It is also working with each individual client to provide specific help based on the needs.

You can contact the firm if you need help with:

  • Incidentally bringing down your loan cost

  • Avoiding past-due installments and payments

  • Evacuating late installment charges

  • Bringing down your regularly scheduled installment

Apple Card

Apple Card credit card is created by Apple Inc. and issued by Goldman Sachs, designed mainly to be used with Apple Pay on Apple devices such as an iPhone, iPad, Apple Watch, or Mac.

Today everyone is in fear due to coronavirus pandemic, in this tough time Goldman Sachs said that Apple Card users can contact the support team to become the part of Apple's Customer Assistance program. This will naturally let you pass over your March credit card installment without being charged intrigue. Also, with the help of wallet app on the iPhone or online enrollment can be done.

Bank of America

Bank of America

Bank of America is an American worldwide money related administration partnership situated in New York City financial services corporation located in New York City. If your account is in Bank of America so directly you can contact about your own matter. Bank of America is working with its clients on an individual basis to figure out the correct course of action based on circumstances.

If your account belongs to Bank of America and you are facing some financial hardship, contact them to inquire about it:

  • Eradicating charges, like monthly maintenance charge, overdraft installments, late payment charges, minimum balance charges, and several others

  • Postponing interest fees if you carry a balance from month to month

  • Increasing the limit of your credit card so that you can buy necessary stuff without maxing out the card.

To resolve the quires regarding your financial hardship, please try to contact Bank of America online or over the phone, rather than visiting a physical branch.

Capital One

Capital One

Capital One American bank is a Financial enterprise holding firm specializing in credit cards, banking, and financial services, situated in McLean, Virginia. Comparable to other banks, Capital One also encourages its clients to contact directly if anyone is facing financial hardship. Ask it about reducing or erasing fees, deferring installments and minimizing the interest rate.


JPMorgan Chase and Co. is a main worldwide budgetary administration firm and one of the biggest financial foundations in the United States with activities around the world. For any financial problems, fee waivers or refunds, expanding credit limit or changing due date you can contact chase by calling the number on the back of your card or by logging in to your account.



For Citibank customers, you can expect help with:

  • Relinquish charges for early credit card withdrawal

  • Monthly service fee renouncing

  • Increase in credit card limit

  • Patience programs on the off chance that you can't make least installments when they're expected

  • Several other financial assistance programs

Wells Fargo

Wells Fargo

Wells Fargo & Company is an American worldwide financial services firm located in California, with central offices all over the United States. Wells Fargo giving support to clients to reach for assistance based on their individual requirements. Feel free to ask about:

  • Charge relinquish, like late installments, overdraft, and reducing balance charge

  • Payment deferrals in case you are not able to pay installment this month and not willing to face extra charges

  • Increasing credit card limit

Try to avoid going to the Wells Fargo branch rather than ask for customer support by calling the number on the back of your card.

Substitutes for hardship programs

For financial hardship assistance contacting the bank or credit card provider should be your first step. Also, the issuer can help you govern what you qualify for, whether through them or different ways, like:

  • 0% APR balance transfer credit cards: To avoid interest fees during this tough time, apply for a card with a 0% introductory APR.

  • Plunge into your secret stash: The global impact of the coronavirus is deadly for everyone. If you have a secret penny, now is the time to plunge into it. Use it for crucial reasons, like paying for food or medication purpose. Also, see whether you qualify for hardship assistance or not.

  • Take out a personal loan: The deadly Coronavirus reason is enough to qualify for a personal loan. Personal loans quite often have lower interest rates compared to credit cards and many private ventures offer their own hardship assistance.

  • Community assistance: Many state and local agencies are providing financial relief to the people impacted this coronavirus epidemic. Try to search for the programs that are available in your area to see what you qualify for.

Final Thoughts

I hope the above article will help you in resolving all your queries regarding how different banks and credit card organizations are helping during the COVID-19 epidemic.

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