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. 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. Card balances will ultimately transfer to Chase. Apple doesn't have any additional details on how the Apple Savings transition will work, but the previous report suggested customers would have the option of staying with Goldman Sachs or moving to a Chase-based account. "We're incredibly proud of how Apple Card has transformed the credit card experience for customers by delivering innovative tools that empower users to make healthier financial decisions," said Jennifer Bailey, Apple's vice president of Apple Pay and Apple Wallet. "Chase shares our commitment to innovation and delivering products and services that enhance consumers' lives. We look forward to working together to continue to provide a best-in-class experience and exceptional customer service with Apple Card." Continue Reading on AppleInsider | Discuss on our Forums