Apple Card Moves to Chase: What Stays the Same

Apple Card is officially moving to Chase, with Apple’s current partner Goldman Sachs transitioning out over the next year or two. Apple has published a page titled ‘Apple Card Issuer Transition’ where the company reveals details on what to expect when the card issuer changes.

Some specifics remain undetermined. Apple states that “Specifics regarding card number changes, if any, will be communicated directly to users as the transition date approaches.” The company uses similar language regarding the physical Apple Card, saying “Any changes or additional information regarding new physical cards will be shared with Apple Card users as the transition date approaches.” Uncertainty also exists around how the Apple Card Savings Account will be impacted.

A general disclaimer appears at the top of Apple’s page: “The following provides more information on using Apple Card during the transition period. Additional details regarding the transition will be shared with all Apple Card users as the transition date approaches.”

Several features receive clearer confirmation that they will not change. On rewards, Apple says users “will continue to earn up to 3 percent unlimited Daily Cash back on every purchase.”

The card “will continue to have no fees — no annual fees, no late fees, no foreign transaction fees.” Mastercard “will continue to be the payment network.”

Apple’s commitment to privacy and security “remains unchanged,” according to the page. The company states it “is working closely with Chase and Goldman Sachs to ensure a seamless and secure transition of account data.”

On installments, Apple says “Apple Card users can continue to purchase Apple products with Apple Card Monthly Installments when they choose to check out with ACMI at Apple Store locations, apple.com, and the Apple Store app.” The company has indicated that more information will be shared with users as the transition date approaches.