Apple Card’s Transition to Chase: What Users Need to Know
Apple has announced a significant shift in its financial partnerships, revealing that JPMorgan Chase will become the new issuer of the Apple Card, replacing Goldman Sachs. This transition is expected to unfold over the next 24 months, with the changeover anticipated to be completed by early 2028. ([apple.com](https://www.apple.com/newsroom/2026/01/chase-to-become-new-issuer-of-apple-card/?utm_source=openai))
Continuity of Services
During this transition period, Apple Card users can continue to use their cards as usual. Mastercard will remain the payment network, ensuring global acceptance and maintaining existing benefits. Apple has assured that key features such as up to 3% unlimited Daily Cash back on purchases, spending tools within the Apple Wallet, Apple Card Family, and access to a high-yield Savings account will persist. ([apple.com](https://www.apple.com/newsroom/2026/01/chase-to-become-new-issuer-of-apple-card/?utm_source=openai))
Implications for Users
For current Apple Card holders, this change is designed to be seamless. There is no need to reapply for the card, and existing balances will be transferred to Chase once the transition is finalized. Users will continue to manage their accounts through the Wallet app, and physical Apple Cards will remain functional. Additionally, features like Apple Card Monthly Installments for purchasing Apple products will continue to be available. ([apple.com](https://www.apple.com/newsroom/2026/01/chase-to-become-new-issuer-of-apple-card/?utm_source=openai))
Financial Considerations
The agreement between Apple and Chase involves transferring over $20 billion in card balances to the Chase platform. JPMorgan Chase has indicated that it will recognize a $2.2 billion provision for credit losses in the fourth quarter of 2025 related to this acquisition. ([nasdaq.com](https://www.nasdaq.com/articles/jpmorgan-chase-announces-transition-apple-card-issuance-goldman-sachs?utm_source=openai))
Future Developments
While the transition is underway, Apple has committed to keeping users informed about any changes or additional details as the transition date approaches. Users are encouraged to stay updated through official Apple communications to ensure they are aware of any new developments. ([apple.com](https://www.apple.com/newsroom/2026/01/chase-to-become-new-issuer-of-apple-card/?utm_source=openai))
Conclusion
The shift of Apple Card’s issuance from Goldman Sachs to JPMorgan Chase marks a significant development in Apple’s financial services. By partnering with Chase, a leader in consumer credit card services, Apple aims to enhance the Apple Card experience while maintaining the features and benefits that users have come to appreciate.
