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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.jpg

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.

Article Link: Apple Card Turns Six With Big Change Ahead
 
Article Link
https://www.macrumors.com/2025/08/19/apple-card-turns-six/
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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.
 
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It is highly unlikely there will be changes to the customer-service process. That process was dictated by Apple, which is why it is so similar to Apple technical support and why it has caused such a headache. Tier 1, Apple Card Specialists (aka, Apple Advisors), can only see what you see in the Wallet app and can only use publicly available documents for support. Tier 2, Apple Card Supervisors (aka, Senior Advisors), can more some additional see transaction details (e.g., the transaction type) but do not have normal access to detailed transaction information. The only group that has normal access to your account, which you would find at every other bank, is Tier 3, Apple Card Managers (aka, Engineering), who do not directly talk to customers on inbound calls. If you have any issue beyond basic transaction information or basic requests (e.g., get a statement, file a dispute, etc.), you have to escalate to Tier 3 and wait for a call back within 10 Business Days. If you're unable to take the call at the unpredictable day and time they call, you have to start the process all over again.

Remember, Apple values secrecy above all else, so they will require this in all agreements. Unfortunately, this approach doesn't work well in banking, so the difficulties will continue.
 
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DroidBro said:
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.
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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.
 
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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.
 
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I'd love to see it change hands as I hate the Apple Card as it stands today and they have some of the worst service I've ever encountered on a card. Paying mine off now with the zero interest while not using it for anything else. Just a bad card otherwise with lowly benefits
 
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tarkeybear said:
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.
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One click is still too much. Auto-pay statement balance since day one.
 
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I use mine exclusively. To the point that my other cards have threatened cancellation unless I make a purchase every so often. I never had a bad experience with customer service, the very few issues I had were rapidly resolved

I don’t use the savings account though, I prefer my traditional bank for that
 
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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.
 
dwrufus53 said:
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.
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My biggest issues is it doesn't tie into Mint/Quicken, so its harder to use.
 
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I hope the deal with Chase closes sooner than later, and Apple takes advantage of Chase's expertise in premium cards by offering few additional paid versions of Apple Card, such as a Travel Edition that sits between Sapphire Preferred ($95/year) and Sapphire Reserve ($795/year). Like many premium travel credit cards, Sapphire Reserve often feels like a coupon clipping credit card. If Apple can improve that experience with a mid-tier travel credit card ($195-295/year) that offers a good balance of rewards, it could be very appealing.
 
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I've been happy with it, but also got a Costco Visa card (as Costco doesn't accept MC) and recently got an Amazon Prime card that has better rewards for Amazon purchases ...
 
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decypher44 said:
It would be GREAT if the deal pushed Chase to create an HYSA. I could move some funds from elsewhere and consolidate.
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I’m guessing you don’t know Chase Bank. I have a savings account from them that gets 0.01% interest and if the balance drops below $300, there’s a $5 monthly service fee.

If the buyout is successful, the savings account is going to go bye-bye along with any customer service. You’re going to see a bunch of new fees being introduced. I’d be surprised if they keep the ability to pay in the Wallet app.
 
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I love my Apple Card. I didn't get it until 2024, and now I wish I got it sooner. I am wondering if I will be able to continue to have all my cash back deposited in my Goldman Sach's savings account after another bank takes over. I'm hoping they switch to Visa.
 
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Never use the card other than for Apple purchases. Far better cards for every other purchase.

I only see the card getting worse by going with Chase. Reality is that it's losing GS over $1 billion every year. For any other company to take that on and make it profitable, they're going to have to do a number of things:
  • Cut the cash back.
  • Cut the percentage Apple takes.
  • Cut anyone below a 700 credit score (they're losing money on the card because so many are defaulting on their payments, cutting those less likely to repay is a huge way to stem the losses).
  • Slash additional benefits like partner bonus cash back.
Apple really hasn't done anything with the card since it was released. They added Apple Savings and that's about it. It's really not an attractive card for anything but Apple purchases and even then it's not that great.
 
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jz0309 said:
I've been happy with it, but also got a Costco Visa card (as Costco doesn't accept MC) and recently got an Amazon Prime card that has better rewards for Amazon purchases ...
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I use a 4 card system.

Apple Card for the privacy and places where I can get 2 or 3% rebate WTH Apple Pay.
Capital One Savor for dining only. 3%
Amazon Visa for Amazon only.
Fidelity Visa for places that are chip or swipe only that don’t fit the others. 2%
 
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