Apple Card is officially transitioning to Chase; Apple's current partner Goldman Sachs will complete the transition process within the next one or two years. Apple has published details on what to expect during the transition process, here are all the things that will not change after Chase takes over and a few topics that remain uncertain.

What Will Not Change and Uncertainties for Apple Card Users After the Transition to Chase

On Apple's website, there is a page titled 'Apple Card Partnership Transition'; here the company provides a lot of information about what to expect during the transition of Apple Card to Chase.

Some details have not yet been determined. For example, in response to the question of whether card numbers will change, Apple states, “Specific information regarding card number changes will be communicated directly to users as the transition date approaches.”

Apple's other responses say similar things. 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 is also a similar uncertainty regarding how the Apple Card Savings Account will be affected. So all these things could ultimately change.

Apple also makes a general warning at the top of the page:

The following provides more information about using the Apple Card during the transition process. Additional details regarding the transition will be shared with all Apple Card users as the transition date approaches.

However, the questions below on the website provide clearer guidance on what will not change for Apple Card users.

Here are the questions and answers directly quoted from Apple's site:

Will Daily Cash rewards be affected?

  • “Users will continue to earn unlimited 3% Daily Cash on every purchase.”

Will there still be no fees for the Apple Card?

  • “Apple Card will continue with no annual fees, late fees, or foreign transaction fees.”

Who will be the payment network for the 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 Will Happen to Interest-Free Monthly Installments for Apple Products?

One of my favorite current features of the Apple Card is the ability to purchase Apple products with interest-free monthly installments.

Apple states the following regarding this:

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 pay with ACMI at Apple Store locations, apple.com, and the Apple Store app.”

Depending on how you read it, this suggests that Apple Card Monthly Installments may still be available. However, this carries less certainty than everything mentioned above.

An optimistic perspective might focus on the use of the word “Will” in the question. This indicates a forward-looking inquiry. However, unlike some of the responses above that used the word “will,” Apple preferred the word “can” here. This seems to limit the answer to the current transition period.

As a result, I can see both interpretations being correct. However, my hope is that Apple Card Monthly Installments will still be available. And of course, it would be in Apple’s best interest to make this as easy as possible to sell more products.

Are you an Apple Card user? If so, which features do you hope will remain the same with Chase? Let us know in the comments.

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