Apple has confirmed that Chase will take over issuing Apple Card over the next 24 months, but Apple Card service will not be interrupted, and Mastercard will continue to be the payment network.
Apple Card will soon be issued by Chase
Apple Card will soon be issued by Chase
Earlier Wednesday, a report suggested that a deal was closing with JPMorgan Chase to become the new issuer of Apple Card. That report is now a reality as Apple has confirmed the move publicly.
Apple shared a FAQ website to help answer questions about the transition. Apple Card holders will continue to have access to their card and Apple Savings in the meantime.