Apple Card users can skip May payment if COVID-19 cost them their job

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Apple Card is underwritten by Goldman Sachs.
You could have your Apple Card interest fee waived for May if you’re in financial trouble because of COVID-19.
Photo: Apple

Apple and Goldman Sachs might cut you some slack on your credit card bill if you lost your job during the COVID-19 pandemic. Users of the Apple Card were notified today that they can apply to skip their May payment without interest charges being added.

Amazing Apple Card concept shows the power of augmented reality

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Concept shows the potential of Apple augmented reality.
Augmented reality could make an Apple Card even more user friendly.
Photo: Volodymyr Kurbatov

A concept artist created an answer for anyone dubious about the usefulness of augmented reality. His video demonstrates how AR could give an Apple Card user their balance and recent transactions with only a glance.

Watch the full concept video now:

Huawei just had to copy the Apple Card

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Huawei Card is coming soon
Huawei Card borrows quite a bit from Apple Card.
Artists Concept: Ed Hardy/Cult of Mac

Huawei unveiled its own credit card April 8, just a year after the debut of the Apple Card. That might be a coincidence if the Chinese company didn’t have a long history of copying Apple.

Apple Card base APR rate drops 2% for some users

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Apple Card benefits keep getting better.
Photo: Apple

Some Apple Card users received a surprise APR rate drop this week thanks to the two recent interest rate cuts made by the U.S. Federal Reserve in March. The Apple Card’s base APR decreased by 2% for many Apple Card holders, bringing a little extra credit relief during the COVID-19 pandemic.

Goldman Sachs will get more anonymized data on Apple Card users

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Apple Card is underwritten by Goldman Sachs.
Apple is the face of the Apple Card, but Goldman Sachs really controls it.
Photo: Apple

Apple updated its privacy policy on Apple Card this week in order to share more data with its card partner Goldman Sachs.

The larger data set is still be anonymized and will reportedly be used to allow Goldman Sachs to create a new credit assignment model so that more people are able to get approval for Apple Card.

Apple Card users feeling COVID-19 impact can skip March payment

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Apple-Card
'Helping you lead a healthier financial life.'
Photo: Apple

Apple Card owners who are impacted by the ongoing COVID-19 pandemic have the option to skip their March payment without incurring interest.

In an email to customers, Apple said it understands that it may be difficult for some to keep up with their payments during the outbreak. The company is “committed to helping you lead a healthier financial life,” it added.

You must be aware, however, that you need to tell Apple if you don’t intend to pay this month.

How to export Apple Card transactions to a spreadsheet

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Apple Card in POS
Paying with Apple Card is easy, and now entering theses transactions into a spreadsheet is just as easy.
Photo: Ed Hardy/Cult of Mac

Transferring your Apple Card statement to a spreadsheet application just became a simple process. No third-party software is required — Apple today added the ability to export your transactions in a format that software like Microsoft Excel and Apple Numbers can easily import.

Apple won‘t save you if you default on your Apple Card

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Apple Card is underwritten by Goldman Sachs.
Apple is the face of the Apple Card, but Goldman Sachs really controls it.
Photo: Apple

Don’t expect Apple to go easy on you if you get delinquent on payments to your Apple Card. Because that is not in Apple’s control.

The credit card is underwritten by Goldman Sachs. And the bank made it clear this week that it alone makes the decisions about collections from delinquent cardholders.

How to view your Apple Card transactions in a spreadsheet

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App makes it easy to view Apple Card transactions in a spreadsheet
Let's face it: Very few people love spreadsheets. But they're pretty darn useful.
Photo: Craig Chew-Moulding/Flickr CC

Apple Card advertises itself as being just about the most user-friendly credit card in the history of finance. But, surprisingly, it doesn’t let you easily upload your transaction history into a spreadsheet.

Fortunately, New York-based developer Jed Schmidt has created a tool that changes that. And you can start using it right now.