Saturday, March 28, 2020

Coronavirus yields skipped card payments ... but you have to call and ask!

A recent article in the New York Times mentions some banks waiving payment penalties (some even skipping interest charges) in the wake of the coronavirus.


The waivers:

Still charges interest but allows you to skip a payment:
You pretty much have to call them all to get this. I got ahold of Capital One, American Express and Discover all this evening (Saturday) ... American Express said a late fee ding would appear in the account but would be removed within 7 days. Discover did mention that they continue to charge interest, and I got Capital One in only about 10 minutes after failing the last couple of days, but they just moved my existing payment from April 4 to May 4. Wahoo!

Let's all keep washing our hands!


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