It’s official! Apple has officially announced that Chase will become the new issuer of Apple Card, and the transition is expected to take approximately one year. Apple introduced the Apple Card back in its “It’s show time” event in March 2019, where the big company introduced a few new services, such as Apple News+, Apple Arcade, and Apple TV+ (now just called “Apple TV”). As you may already know, this major news comes after the first and current Apple Card issuer, which is Goldman Sachs, has had significant bad blood with Apple. Everything that seemed good doesn’t always turn out well. After severe financial losses that Goldman Sachs suffered over this partnership, the financial company is seeking to end its relationship with Apple for good.
Still, with the transition to Chase as Apple Card’s new issuer, Apple Card users should still enjoy the same benefits that Apple Card continues to offer, including Mastercard as the ongoing payment network.
“We’re incredibly proud of how Apple Card has transformed the credit card experience for customers by delivering innovative tools that empower users to make healthier financial decisions. Chase shares our commitment to innovation and delivering products and services that enhance consumers’ lives. We look forward to working together to continue to provide a best-in-class experience and exceptional customer service with Apple Card.” -Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet.
If you’re interested in this transition or have any questions or concerns, you may refer to Apple’s new FAQ page that Apple also launched tonight.
For what it’s worth, this turns out to be such a fresh, new start for Apple going into 2026. Last week, Apple launched several new Fitness+ programs to kick off the new year, and we can also expect some exciting hardware in the coming months.
