Apple Card has officially switched over to Chase, while its previous partner, Goldman Sachs, will follow suit in the next year or two. Apple has shared information on what users can expect during this transition. Here’s a summary of the changes and what will stay the same.
What Remains the Same and Some Uncertainties for Apple Card Users After the Chase Transition
On its website, Apple has a section dedicated to the transition to Chase, which outlines what will happen regarding the Apple Card.
However, some details are still unclear. For instance, regarding potential changes to card numbers, Apple states, “Details regarding card number changes, if any, will be communicated directly to users closer to the transition date.”
Regarding the physical Apple Card, Apple mentions, “Changes and additional information regarding the new physical cards will be shared with Apple Card users as the transition date approaches.” There’s also uncertainty about how the Apple Card Savings Accounts will be impacted, meaning things could change later.
Apple provides a general disclaimer saying:
Below, we provide more information about using Apple Card during the transition period. Additional details regarding the transition will be shared with all Apple Card users closer to the transition date.
That said, there are questions on the website that clarify what will not change for Apple Card users.
Will my Daily Cash benefits be affected?
- “Users will continue to earn unlimited daily cash back of up to 3% on every purchase.”
Will Apple Card continue to be fee-free?
- “Apple Card will continue to have no fees, no annual fees, no late fees, and no foreign transaction fees.”
Who will be the payment network for Apple Card?
- “Mastercard will continue to be the payments network.”
How does 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 the features I really enjoy about the Apple Card is the option to buy Apple products through interest-free monthly installments.
Regarding this, Apple states:
Will I still be able to use Apple Card monthly installments (ACMI)?
- “Apple Card users can continue to purchase Apple products with Apple Card monthly installments if they choose to checkout with ACMI in Apple Store locations, apple.com, and the Apple Store app.”
This suggests that Apple Card monthly installments might still be available, though it doesn’t feel as certain as previous responses.
You could see it from a positive angle, given the use of “Will” in the question, implying a straightforward answer. Yet, the wording here is “can,” which seems to suggest a limitation during the transition.
In the end, both interpretations could hold true. Still, I hope Apple Card monthly installments remain an option. It definitely seems beneficial for Apple to make it easy for users to purchase more products.
If you’re using the Apple Card, which features are you most keen on keeping unchanged with Chase? Feel free to share your thoughts.
