Keeping Up with The Cards

A breakdown of credit card relief programs

As the pandemic continues, it’s important to remember that credit card relief programs are still around. If you’ve been struggling financially, you should take advantage of the help that is available. Here’s a breakdown of some of what the major credit card companies are still offering. Many local banks and credit unions are offering similar programs. If you have a card with your local bank or credit union and need assistance, please reach out and ask for help.

Local Banks and Credit Unions

The first thing you’ll want to do is reach out to your credit union and see what type of assistance they are offering. Many financial institutions are not only offering aide with credit cards, they’re waiving fees, early CD withdrawal charges and more.

AmEx

You can login to your American Express account to apply for assistance. The company is currently offering to lower monthly payments and interest rates. The catch here is that you must be eligible — making timely bill payments, maintaining low balances, etc. — and you must make a payment to enroll in the program.

Citi

As Marketwatch reports, Citi ended its customer-wide pandemic relief program at the end of 2020. However, there’s a chance you can still receive help. Call customer service, and ask about the program. In the past, Citi offered no late fees and payment deferrals.

Wells Fargo

Just like Citi, Wells Fargo is offering pandemic relief on a case-by-case basis. You could qualify for deferred payments, zero interest and more.

Discover

Discover cardholders are still able to receive a few types of aide — from skipping payments to no late fees. You must call customer service to ask about the programs.

Bank of America

Bank of America is still offering relief packages. You can either call customer service or log into your account to enroll in the program, which offers payment deferrals and refunds on late fees.

Chris O'Shea

Chris O'Shea