Apple Confirms Chase Takeover for Apple Card, Details Transition Plan
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Apple Confirms Chase Takeover for Apple Card, Details Transition Plan

Mobile Reporter
1 min read

Apple confirms Chase will replace Goldman Sachs as Apple Card issuer, detailing a 24-month transition plan with no immediate user action required.

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Apple has officially confirmed Chase will become the new issuer of Apple Card, ending Goldman Sachs' partnership. The transition will occur over the next 24 months, with Apple Card users continuing normal operations during the switch.

Key Details of the Transition

  • No reapplication needed: Existing users keep their current cards
  • Payment network unchanged: Mastercard remains the payment processor
  • Fee structure preserved: No annual, late, or foreign transaction fees
  • Savings accounts intact: Apple Savings functionality continues
  • Physical cards remain valid: Existing titanium cards still work
  • Installment plans unaffected: Apple Card Monthly Installments (ACMI) remain available

Apple VP Jennifer Bailey stated:

"Chase shares our commitment to innovation and delivering products that enhance consumers’ lives. We look forward to working together to provide a best-in-class experience."

What Changes After Transition

  • New issuer on credit reports: Chase will appear as issuing bank
  • Balance management: Accounts will be held by Chase
  • Customer service: Support transitions to Chase infrastructure

The Apple Card Apple Card team emphasizes no immediate action is required from users. All changes will be communicated directly to cardholders as the 2028 transition date approaches. Full details available on Apple's support page.

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