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 details on what to expect during the transition, here’s everything the company says won’t change once Chase takes over—and a few that might.
What’s not changing for Apple Card users after Chase transition, plus a few uncertainties
Apple’s website has a page titled ‘Apple Card Issuer Transition’ where the company reveals a lot of about what to expect when Apple Card transitions to Chase.
Some details are still undetermined. For example, on the question of whether card numbers will change, Apple says: “Specifics regarding card number changes, if any, will be communicated directly to users as the transition date approaches.”
Several of Apple’s other answers say something similar. Regarding whether the physical Apple Card will change, Apple says: “Any changes or additional information regarding new physical cards will be shared with Apple Card users as the transition date approaches.” There’s similar uncertainty around how the Apple Card Savings Account will be impacted. So all of those things might ultimately change.
Apple also has this general disclaimer at the top of the 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.
That said, the following questions on the website seem to offer more clear guidance on what is not changing for Apple Card users.
Here are quoted questions and answers taken directly from Apple’s site:
Will Daily Cash rewards be impacted?
- “Users will continue to earn up to 3 percent unlimited Daily Cash back on every purchase.”
Will Apple Card continue to have no fees?
- “Apple Card will continue to have no fees — no annual fees, no late fees, no foreign transaction fees.”
Who will be the payment network for Apple Card?
- “Mastercard will continue to be the payment network.”
How will this affect my privacy and data?
- “Apple’s commitment to privacy and security remains unchanged. We are working closely with Chase and Goldman Sachs to ensure a seamless and secure transition of account data.”
What about interest-free monthly installments for Apple products?
One of my favorite current features of Apple Card is the ability to buy Apple products with interest-free monthly installments.
Here’s what Apple says on that front:
Will Apple Card Monthly Installments (ACMI) still be available?
- “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.”
Depending on how you read it, it sounds like Apple Card Monthly Installments may still be around. But that’s less of a certainty than everything else mentioned above.
The optimistic view would focus on the word “Will” used in the question. That suggests a forward-looking question. However, unlike some of the answers above that also use the word “will,” Apple’s answer opted here for “can.” That seems to limit the answer to the current transition period.
Ultimately I could see either interpretation proving accurate. But my hope is certainly that Apple Card Monthly Installments are still available. And it’s obviously in Apple’s best interests to make it as easy as possible to sell more products.
Are you an Apple Card user, and if so, which features do you most hope stay the same with Chase? Let us know in the comments.
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