Apple announced that Chase will become the new issuer of Apple Card, replacing Goldman Sachs Bank USA.
The companies said the transition is expected to take approximately 24 months and will not disrupt current card usage.
Apple Card users will continue to receive the same core features during the transition, including up to 3% unlimited Daily Cash back, spending tools in Apple Wallet, Apple Card Family, Apple Card Monthly Installments, and access to a high-yield savings account.
Apple said cardholders can continue using their cards as normal while the change is underway.
Mastercard will remain the payment network for Apple Card, maintaining global acceptance and existing Mastercard benefits.
Apple and Chase said additional details will be shared closer to the transition date.
Apple introduced Apple Card in 2019 with a focus on financial health, no fees, and integrated budgeting tools.
The card is currently issued by Goldman Sachs Bank USA, which will continue as issuer until the transition to Chase is completed.
Why This Matters Today
The move reshapes one of the most visible partnerships between a technology company and a major bank.
For you, the announcement means no immediate changes to rewards, fees, or how Apple Card works, despite the shift in issuer.
It also signals Apple’s effort to stabilize and scale Apple Card with a large, established card issuer.
Chase brings extensive experience in co-branded credit cards, which could influence how Apple Card evolves after the transition is complete.
Our Key Takeaways:
- Apple said Chase will become the new issuer of Apple Card, with the transition expected to take about 24 months.
- Apple Card features, rewards, and Mastercard network access will remain unchanged during the transition period.
- The change replaces Goldman Sachs as issuer and positions Chase as Apple’s long-term banking partner for the card.
You may also want to check out some of our other tech news updates.
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