Following Tim Cook’s announcement regarding Apple’s donations to support those affected by the wildfires in Los Angeles, the company has now confirmed that Apple Card holders residing in the affected areas will receive some assistance. These individuals will have the option to defer their Apple Card payments temporarily without incurring interest.
Apple and Goldman Sachs unveil temporary support for Apple Card users in LA
According to Bloomberg’s Mark Gurman, the company has been reaching out to users whose addresses fall within the designated “natural disaster zone.” Apple indicates that these users “may be eligible” for financial assistance concerning their Apple Card payments. Notably, Apple Card holders in the impacted regions can skip their upcoming month’s payment without facing any interest charges.
In addition to waiving interest, users in the affected areas who choose to defer payments will not have their accounts frozen. Here are the full benefits offered under the Disaster Relief Program:
- You may skip the payment due for the month in which you enroll.
- No interest will accrue during the month of enrollment. The standard purchase APR will apply in the following month.
- If your account is in good standing, it will remain current while you are enrolled.
- If your account is behind, it won’t fall further behind while you are enrolled, although it will stay past due until all outstanding payments are settled.
- If your spending was limited, those restrictions may persist.
Customers who have been affected should contact Apple Card Support through the Messages app. On your iPhone, open the Wallet app and select Apple Card. Tap the More button, then select Account Details. Next, tap the Message button and enter a request such as, “I would like to inquire about payment assistance plan options.”
The wildfires in Los Angeles continue to rage uncontrollably. A report from BBC News states that, despite firefighters’ attempts, the situation remains dire, with at least five confirmed fatalities. Countless individuals have been forced to evacuate their homes, often leaving behind their possessions.
In response, Apple CEO Tim Cook expressed his sentiments on social media while also announcing a donation to support the recovery efforts.
The devastation caused by the fires in Los Angeles is heartbreaking. A heartfelt thank you to the extraordinary firefighters, first responders, and all who are assisting for their heroic efforts. Apple will be donating to support the victims and the recovery efforts on the ground.
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