Chase to become Apple Card's new issuer

Chase to become Apple Card’s new issuer

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Apple and Chase announced today that Chase will become the new Apple Card issuer, with the transition expected to take place in approximately 24 months.

Apple Card users can continue to enjoy the award-winning Apple Card experience, which includes up to 3 percent unlimited daily cash back on every purchase, easy-to-use spending tools, the Apple Card family,1 access to a high yield savings account,2 and others. Mastercard will remain the payment network for Apple Card, and Apple Card users will continue to have access to Mastercard’s global acceptance and benefits.

“We’re incredibly proud of how Apple Card has transformed the credit card experience for customers by providing innovative tools that empower users to make healthier financial decisions,” said Jennifer Bailey, vice president of Apple Pay and Apple Wallet. “Chase shares our commitment to innovation and delivering products and services that improve consumers’ lives. We look forward to working together to continue to provide a best-in-class experience and exceptional customer service with Apple Card.”

“Apple is an iconic brand that is recognized globally for its innovation, design excellence and commitment to exceptional customer experiences,” said Allison Beer, Chase’s executive director of Card & Connected Commerce. “We share a commitment to supporting consumers’ financial health and are proud to deepen our relationship by welcoming them as the newest partner in our industry-leading credit card program. We are excited to innovate together in the future.”

“We are pleased to work with Apple and Chase to continue our long-standing partnership on Apple Card. Innovation on Apple Card has taken consumer payments to the next level, and we look forward to providing simple, secure and seamless payments on a global scale,” said Linda Kirkpatrick, President of the Americas, Mastercard.

Introduced in 2019, Apple Card is designed with users’ financial health in mind and has become a top choice among consumers for its innovative features, seamless user experience, and commitment to customer privacy and security. Completely free of charge,3 Apple Card makes it easy to track purchases and manage spending from Apple Wallet, while offering up to 3% daily cash back on every purchase, which users can automatically add to their Apple Cash Card in Wallet and can be used for in-store, online and in-app purchases with Apple Pay.4
With Apple Card Family, users can also share their Apple Card account with anyone added to their Family Sharing group. Another benefit is Apple Card Monthly Installments (ACMI), which allow users to pay interest-free for new Apple products over time when they choose to pay with Apple through ACMI.5 Additionally, users can set up a savings account through Apple Card, and once it’s set up, all of their future daily cash will automatically be deposited into it, giving users even more options.
During this transition, Apple Card users can continue to use their card as usual. More information, including frequently asked questions, is available at learn.applecard.apple/transition. More details will be shared with users as the transition date approaches.

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