Apple Card's Potential Benefits Shift with Chase Partnership
- Apple Card users may see changes if a deal to switch to Chase is finalized.
- Current users should not expect immediate changes or new 0% APR offers.
- It is advisable for users to wait for official announcements before making decisions.
In the United States, Apple Card users may soon experience changes if Apple finalizes a deal to switch issuing banks to Chase. Currently, there are no immediate changes for users, but a new issuer could lead to alterations in rewards rates, interest rates, and other card features. Experts suggest that while Chase may enhance the card's benefits to compete with other credit cards, users should not expect new introductory 0% APR offers. The average credit card interest rate exceeds 20%, making it challenging for users to manage debt effectively. If users carry a balance, they might consider balance transfers to save on interest, despite potential fees. As of now, no official announcement has been made regarding the deal, leaving users uncertain about the future of their Apple Card.