Just like April's deferred payments, Apple and Goldman Sachs are allowing Apple Card owners the ability to put off payments due in May without penalty.
As the world continues to wait for normalcy, unemployment and economic conditions keeps getting worse. With funds strained and government relief stretched thin as it is, Apple Card customers can defer their payments a month longer with no penalty.
This is in line with a majority of the credit industry, although interest will still apply. Not having another payment to worry about right now does help, even if it takes a little longer to pay off the card.
In order to opt into the Customer Assistance Program, Apple Card users will need to reach out to a support representative via the Wallet app on their iPhone.
Apple Card customers were allowed to defer payments in March and April too. It is likely that Apple and Goldman Sachs will continue to allow deferments throughout the duration of the coronavirus pandemic, given Apple CEO Tim Cook's statements on the matter during Thursday's earnings call.