Apple Gives Details On What Will (and Won't) Change When Apple Card Moves to Chase

Apple has published new guidance for Apple Card users explaining what to expect when JPMorgan Chase takes over the program from Goldman Sachs, with several core features confirmed to stay in place and a handful of details left open.

The transition was announced in January and is expected to take roughly 24 months, with Goldman Sachs continuing to operate the program in the interim. Apple's Apple Card Issuer Transition page now spells out which parts of the experience the company is committing to and which it is not yet ready to confirm.

Daily Cash and fees

Apple says the rewards structure is not changing. Users will continue to earn up to 3 percent unlimited Daily Cash back on every purchase. The company also confirmed that Apple Card will continue to have no annual fees, no late fees, and no foreign transaction fees, mirroring the terms Goldman Sachs has offered since the card launched in 2019.

Payment network and privacy

Mastercard will remain the payment network for Apple Card once Chase takes over. That answers a question that had circulated among Apple Card users since the deal was first reported, given that Chase typically issues co branded cards on the Visa network.

On data and privacy, Apple says its commitments remain unchanged and that the company is working with both Chase and Goldman Sachs on what it describes as a seamless and secure transition of account data.

What is still undetermined

Several other questions are not yet settled. On whether card numbers will change, Apple says specifics will be communicated directly to users as the transition date approaches. The company uses similar language about the physical Apple Card itself, saying any changes or additional information regarding new physical cards will be shared closer to the handover.

The Apple Card Savings Account also remains uncertain. The high yield account is currently operated by Goldman Sachs Bank USA, and previous reporting from The Wall Street Journal indicated that Chase plans to launch its own Apple savings product. Existing customers are expected to decide whether to stay with Goldman Sachs or open a new account with Chase.

Apple Card Monthly Installments

Apple's response on Apple Card Monthly Installments, the 0 percent APR option used to finance Apple hardware, is also more cautious than its language elsewhere. The company says Apple Card users can continue to purchase Apple products with Monthly Installments at Apple Store locations, apple.com, and the Apple Store app. That phrasing has been read as covering the transition period rather than as a long term commitment.

Apple has said additional details will be shared as the transition date approaches. The current timeline points to an early 2028 handover.

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