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Apple Card Turns Six With Big Change Ahead

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Tomorrow marks the sixth anniversary of the Apple Card becoming widely available in the U.S., following a more limited preview period.

Apple Card iPhone 16 Pro Feature
Apple's credit card can be managed in the iPhone's Wallet app, with key benefits including color-coded spending summaries, no fees, and Daily Cash cash back paid out daily. Apple Card holders can also open a high-yield savings account.

The anniversary comes ahead of a big change planned for the Apple Card.

Specifically, The Wall Street Journal last month reported that Chase Bank parent company JPMorgan was in "advanced talks" with Apple about replacing Goldman Sachs as the Apple Card's financial partner. Goldman Sachs is in the process of winding down its consumer lending business, which has lost billions of dollars in recent years, and Apple is reportedly willing to let them out of their contract that is supposed to run until 2030.

If the Apple Card does eventually get a new financial partner, there could be updates to the card's features, policies, interest rates, and customer service processes, although exact changes if any remain to be seen. It is also worth noting that Chase Bank does not currently offer a high-yield savings account akin to Apple Card Savings.

Unfortunately, the Apple Card remains available in the U.S. only, and there is no indication that will change in the near future.

What do you think of the Apple Card after six years? Let us know in the comments section.

Tag: Apple Card Guide

Top Rated Comments

Rychiar Avatar
Rychiar
8 months ago
I love my Apple Card and I love the high yield savings. I stopped buying CDs at my bank and dumped all my savings into it. would suck to lose that.
Score: 27 Votes (Like | Disagree)
A
acorntoy
8 months ago

I’ve had Apple Card since launch and honestly it’s just okay. Daily Cash kept getting reduced and now it’s basically not even worth discussing. I don’t have another cash back card to compare it to but it’s pretty unimpressive in that regard.

Support is okay but Amex is still the gold standard for me.

The Amazon card seems to have a much better reward system.

Just my experience.
Having had it since late 2019 I don't understand, do you mean like promotions? The 2% on everything Apple Pay has stayed the same as well as the 3% on Apple purchases (although I do put my Apple subscriptions/purchases through Amex which gives me 6%).

It isn't the best card but in my knowledge the rewards haven't been changed since it was introduced.

A few months ago I went on vacation to Europe/Africa/Middle East and the fact the Apple card doesn't charge foreign exchange fees saved me a good amount of money.
Score: 19 Votes (Like | Disagree)
T
tarkeybear
8 months ago
Love mine and was an early adopter. It is weird to say, but I love paying my balance (as long as there is money in my bank). One click on the day it's due (or earlier) and boom, the card is clear and ready for more trouble!

I don't carry a balance, so with no membership fee, it is all good and the savings part of the program is simply "free money". I love being able to review charges from my iPhone. A well thought out platform.

Hopefully the user experience doesn't get goofed up when Apple goes to a new card issuer.
Score: 15 Votes (Like | Disagree)
firstcitazen Avatar
firstcitazen
8 months ago

I've had it from the beginning. It's a good card, the perks are decent, but there are better out there. The HYSA is good, but the rate continues to drop, despite no changes from the Fed.

I've not had any issues, so I cannot comment on the Goldman Sachs angle.
My biggest issues is it doesn't tie into Mint/Quicken, so its harder to use.
Score: 9 Votes (Like | Disagree)
blinker Avatar
blinker
8 months ago
I'm extremely happy with the Apple Card, having used it since the beginning. As long as Chase doesn't make any significant changes I expect to stay happy.
Score: 8 Votes (Like | Disagree)
J
jmingin
8 months ago
I love my Apple Card and have had it for 6+ years. I especially like the Savings account and the automatic deposit of Apple Cash. The Savings account must be kept.
Score: 6 Votes (Like | Disagree)
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