Coronavirus Aid: Three Things Credit Unions Must Implement Immediately for Credit Card Programs for Members
To All Credit Unions and Card Processors- along with this article below regarding how to help credit cardholders- our members during during these times- I also recommend these top three actions in the next week:
1) Skip-A-Pay for March, April and May
2) 0% Purchase APRs (not balance transfers)- purchases only- for the next 90 days
3) Credit Line increase reviews for qualified members
Processors- get ready for the onslaught to make this happen STAT for credit unions that choose to do this.