Apple Card SCRA: Up to 27.99% Cut to 6% Before the Chase Handoff

At Apple Card’s highest rate, 27.99%, a $6,000 balance you owed before your orders costs about $1,679 a year. At 6% it costs $360, so roughly $1,319 a year is forgiven. Even at the lowest rate, 17.74%, the cap is worth about $704 a year. (Simple interest on an unchanged balance for twelve months, an illustration; the agreement charges interest on each day’s balance.)

Range from the Customer Agreement, priced off a 7.00% prime as of September 30, 2026, and from apple.com (“Rates as of October 1, 2026”), both read October 19, 2026.

Apple’s own pages do not all agree on the range. The transition FAQ still prints 17.49% to 27.74% “as of July 1, 2026,” the same range the January 2026 announcement gave. The agreement and the main Apple Card page both say 17.74% to 27.99%. Your exact rate is in the Wallet app; that is the figure to put in your request.

Goldman lends today, Chase in about two years

The Customer Agreement opens: “Your Apple Card Account is issued by Goldman Sachs Bank USA, Salt Lake City Branch,” which it calls the creditor. On January 7, 2026, Apple’s newsroom announced that “Chase will become the new issuer of Apple Card, with an expected transition in approximately 24 months.” JPMorganChase’s release that day says closing “is subject to regulatory approvals,” and Goldman’s says it agreed to transition “the Apple Card program and associated accounts to Chase.”

Apple’s transition FAQ, read October 19, 2026, answers the practical questions. Goldman “will continue to service Apple Card users until the transition to Chase is complete.” Once it is complete, “Apple Card balances for open accounts will be with Chase,” and credit reports “will update to show Chase as the new issuing bank.” It gives no date beyond the 24-month estimate, and says the move is “subject to closing conditions and regulatory approvals.”

What that means for the cap: the SCRA attaches to the obligation you brought into service, and a sale of the account does not make it a new debt. On our reading, the 6% should travel with the balance. None of the three January releases, and nothing in the FAQ, says how existing SCRA files will move, so the paper trail is yours to keep: Goldman’s written confirmation now, and a copy to Chase after the switch. Our Chase page covers what Chase publishes for its own cards.

No fees, so interest is the whole claim

The agreement’s rate table lists “Penalty Fees None,” and the same word for annual, transaction and other fees. There is no penalty APR either. Every variable rate is capped at 29.99%. That makes Apple Card simpler under § 3937 than the store cards covered on this site: the statute counts fees as interest, but here there are none to count. The only line that changes is the interest charge.

Apple Card Monthly Installments run at 0% for eligible Apple products, so a pre-service installment balance has nothing for the cap to cut, though it does still raise your total monthly payment. The 6% matters on the revolving balance that carries your purchase APR.

Apple Card Family adds a wrinkle. Two people can merge credit lines into one co-owned account, and Apple says co-owners need not be related. The statute covers debt the member took on alone or together with a spouse. A co-owned account with your spouse fits that wording; one with a partner you are not married to is less clear, and our family coverage guide explains the line.

Where to send it

Apple and Goldman publish no SCRA desk that we could find. The agreement’s contact routes are Messages, 877-255-5923, and Lockbox 6112, P.O. Box 7247, Philadelphia, PA 19170-6112. Ask through Messages how Goldman wants your orders delivered, then deliver them with a signed letter; the request letter template has wording that names § 3937.

Keep paying while you wait. Apple Card has no late fee, but its own footnote warns that late or missed payments mean “additional interest accumulating toward your balance,” and the agreement reserves the right to report missed payments to credit bureaus. Before you deploy, set up scheduled payments in Wallet from a bank account you can reach overseas. Once Goldman has your notice and orders, the statute dates the cap to the day you were called to service, so a slow answer does not cost you the months in between.

Card opened in uniform: 36% and no forced arbitration

An Apple Card you opened while serving on qualifying active duty is a Military Lending Act account, not a 6% account; the MLA vs SCRA breakdown shows the split. For you, the 36% Military APR limit governs. The agreement’s Military Lending Act section gives members and dependents 877-255-5923 for oral disclosures. Its arbitration provision opens by excluding anyone “entitled to protection under the Military Lending Act (10 U.S.C. § 987).” Everyone else has 90 days after opening to reject arbitration by Messages, phone or mail, twice the 45 days in the Citi and Synchrony store-card agreements we read. The arbitration explainer covers what you keep.

One store benefit, checked on apple.com October 19, 2026: Apple’s Veterans and Military Purchase Program takes 10% off to current and veteran members, but installments are not available in that storefront. Price the discount against 0% before you buy.

Apple Card: lock in the 6% before the Chase move

1. Note your account-open date and purchase APR from the Wallet app, and compare the date with your orders. The eligibility checker sorts edge cases.
2. Run your balance through the savings calculator to know your yearly number.
3. Message Apple Card support in Wallet, or call 877-255-5923, and ask how to submit military orders for SCRA relief.
4. Send a signed request with your orders; save the Messages transcript and Goldman’s reply stating the rate it applied and from when.
5. Watch the Wallet app for an interest credit reaching back to the day your orders began; the refund guide covers shortfalls.
6. When Chase notifies you that the account has moved, send Chase your orders and Goldman’s approval, and confirm the 6% continues.

The law behind this: 50 U.S.C. § 3937

Interest cap on pre-service obligations: read the statute , or read § 3937 in plain English, with its enforcement record .