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What to Expect From the Apple Card This Year

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2026 could finally be the year that the Apple Card receives a new financial partner, and this could lead to some changes for cardholders.

Apple Card iPhone 16 Pro Feature
As a refresher, the Apple Card launched in 2019, and it remains available in the U.S. only. The 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.

In July, The Wall Street Journal reported that Chase Bank parent company JPMorgan was in "advanced talks" with Apple about replacing Goldman Sachs as the Apple Card's partner bank. Goldman Sachs has been gradually winding down its consumer lending business, following billions of dollars in losses, and Apple is reportedly willing to let them out of a contract that is otherwise supposed to run until 2030.

Barclays and Synchrony were also reportedly in talks to become the Apple Card's new financial partner, but it is unclear if those companies are still in the running. As for the Apple Card's payment network, it had been reported that Visa and American Express had expressed interest in taking over for Mastercard.

If the Apple Card does get a new financial partner, there could be updates to the card's features, policies, interest rates, customer service processes, and more.

Chase Bank does not currently offer a high-yield savings account, so it is unclear what would happen to the Apple Card's savings account if they take over the credit card. Apple Card holders are currently being offered a 3.65% APY.

You can apply for an Apple Card on Apple's website.

Tag: Apple Card Guide

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Top Rated Comments

R
rappr
19 weeks ago
What to expect: 🤷‍♂️
Score: 17 Votes (Like | Disagree)
M
MacMikePro
19 weeks ago

There's a good chance this thing is dead. No other backer is going to want to take on a card that's currently losing them over $1 billion a year. For any other company to even consider it, Apple will have to take a smaller cut, they'll have to lower cash back, and most importantly, cancel anyone with a credit score under 700. Most of the loss is coming from low score folks who are defaulting at far higher than the standard industry rate. That's where they need to stop the most bleeding.
I'll be honest I was thinking a big chunk of the loss was coming from people like me. I use my Apple Card / Apple Pay for literally 99% of all my purchases but I keep the balance at zero by paying the entire balance usually once a week and therefore I have not paid 1 cent in interest since getting the card when it came out, but I have received a ton of money in the cash back rewards and the savings account over the years.
Score: 10 Votes (Like | Disagree)
fatTribble Avatar
fatTribble
19 weeks ago
I really like the features of the card like being able to pay immediately with Apple Cash and the entire interface in general. I like that transactions show up on the map and you can easily see how much you’ve spent at a particular place for the month.
Score: 4 Votes (Like | Disagree)
gtmead09 Avatar
gtmead09
19 weeks ago
With the change the card itself needs a revamp of the perks. The savings account is fine, but the card is on the lower end.
Score: 4 Votes (Like | Disagree)
WarmWinterHat Avatar
WarmWinterHat
19 weeks ago

It’s amazing the  savings account pays more than my premium Empower savings rate that hiked to it’s highest with a direct deposit each month. My advisor was also shocked.
The savings account does pay well and I have a decent chunk in there, but the card I barely use..Just for Apple stuff and the App Store, for everything else the rewards are puny.

I doubt that rate will hold with whoever takes over, especially if it's Chase. Not sure why they refuse to offer a HYSA, when nearly every other bank does.
Score: 3 Votes (Like | Disagree)
NightFox Avatar
NightFox
19 weeks ago

They need to bring it to the uk.

It's been years it has been available in the US, but no availability in other countries? Odd for a company that supposedly does all of its research via an organisation in Ireland. :rolleyes:
Cards like this with benefits and cashback are common in the US because over there the fees charged for credit card transaction (interchange fees) are uncapped and are typically around 2%-3% of the transaction amount, which gives the banks a nice profit to be 'generous' with. By comparison, EU and UK fees are capped at 0.25%, so there's not really much financial incentive for Apple to launch a card outside of the US, and even if they did, you'd just get a trendy card, not the perks that they get in the US (and pay for with higher fees).
Score: 2 Votes (Like | Disagree)
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