that, when it comes to credit cards, it's "offering payment deferrals and other expanded assistance."
Chase, on the other hand, says it will not report negative information to your credit reports if you choose to take advantage of its COVID-19 hardship program, which lets youBefore you decide to defer credit card payments for a limited time, check with your card issuer to ensure your payments won't be counted as late.
. However, you do have to keep in mind that you'll need to get back on track with timely payments as soon as your program date ends. Another detail to know is that, unless you halt them, automatic payments will keep applying to your credit card. This includes automatic payments on your credit card you may have scheduled from other accounts, including a checking or savings account.
Chase basically says the same thing with their deferment program — that you can keep using your card as usual if your account is in good standing and you are within your credit limit.
Would be greatly unfair if it did.
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