diff --git a/src/material/schematics/ng-generate/mdc-migration/rules/components/card/card-template.spec.ts b/src/material/schematics/ng-generate/mdc-migration/rules/components/card/card-template.spec.ts
new file mode 100644
index 000000000000..c6bec47daede
--- /dev/null
+++ b/src/material/schematics/ng-generate/mdc-migration/rules/components/card/card-template.spec.ts
@@ -0,0 +1,93 @@
+import {createTestApp, patchDevkitTreeToExposeTypeScript} from '@angular/cdk/schematics/testing';
+import {SchematicTestRunner, UnitTestTree} from '@angular-devkit/schematics/testing';
+import {createNewTestRunner, migrateComponents, TEMPLATE_FILE} from '../test-setup-helper';
+
+describe('card template migrator', () => {
+  let runner: SchematicTestRunner;
+  let cliAppTree: UnitTestTree;
+
+  async function runMigrationTest(oldFileContent: string, newFileContent: string) {
+    cliAppTree.overwrite(TEMPLATE_FILE, oldFileContent);
+    const tree = await migrateComponents(['card'], runner, cliAppTree);
+    expect(tree.readContent(TEMPLATE_FILE)).toBe(newFileContent);
+  }
+
+  beforeEach(async () => {
+    runner = createNewTestRunner();
+    cliAppTree = patchDevkitTreeToExposeTypeScript(await createTestApp(runner));
+  });
+
+  it('should not update other elements', async () => {
+    await runMigrationTest('<mat-button></mat-button>', '<mat-button></mat-button>');
+  });
+
+  it('should update single', async () => {
+    await runMigrationTest('<mat-card></mat-card>', '<mat-card appearance="outlined"></mat-card>');
+  });
+
+  it('should update multiple same-line unnested', async () => {
+    await runMigrationTest(
+      '<mat-card></mat-card><mat-card></mat-card>',
+      '<mat-card appearance="outlined"></mat-card><mat-card appearance="outlined"></mat-card>',
+    );
+  });
+
+  it('should update multiple same-line nested', async () => {
+    await runMigrationTest(
+      '<mat-card><mat-card></mat-card></mat-card>',
+      '<mat-card appearance="outlined"><mat-card appearance="outlined"></mat-card></mat-card>',
+    );
+  });
+
+  it('should update multiple same-line nested and unnested', async () => {
+    await runMigrationTest(
+      '<mat-card><mat-card></mat-card><mat-card></mat-card></mat-card>',
+      '<mat-card appearance="outlined"><mat-card appearance="outlined"></mat-card><mat-card appearance="outlined"></mat-card></mat-card>',
+    );
+  });
+
+  it('should update multiple multi-line unnested', async () => {
+    await runMigrationTest(
+      `
+        <mat-card></mat-card>
+        <mat-card></mat-card>
+      `,
+      `
+        <mat-card appearance="outlined"></mat-card>
+        <mat-card appearance="outlined"></mat-card>
+      `,
+    );
+  });
+
+  it('should update multiple multi-line nested', async () => {
+    await runMigrationTest(
+      `
+        <mat-card>
+          <mat-card></mat-card>
+        </mat-card>
+      `,
+      `
+        <mat-card appearance="outlined">
+          <mat-card appearance="outlined"></mat-card>
+        </mat-card>
+      `,
+    );
+  });
+
+  it('should update multiple multi-line nested and unnested', async () => {
+    await runMigrationTest(
+      `
+        <mat-card>
+          <mat-card></mat-card>
+          <mat-card></mat-card>
+        </mat-card>
+      `,
+      `
+        <mat-card appearance="outlined">
+          <mat-card appearance="outlined"></mat-card>
+          <mat-card appearance="outlined"></mat-card>
+        </mat-card>
+      `,
+    );
+  });
+});
diff --git a/src/material/schematics/ng-generate/mdc-migration/rules/components/card/card-template.ts b/src/material/schematics/ng-generate/mdc-migration/rules/components/card/card-template.ts
new file mode 100644
index 000000000000..ca56b44f4211
--- /dev/null
+++ b/src/material/schematics/ng-generate/mdc-migration/rules/components/card/card-template.ts
@@ -0,0 +1,23 @@
+/**
+ * @license
+ * Copyright Google LLC All Rights Reserved.
+ *
+ * Use of this source code is governed by an MIT-style license that can be
+ * found in the LICENSE file at https://angular.io/license
+ */
+
+import {TmplAstElement} from '@angular/compiler';
+import {TemplateMigrator} from '../../template-migrator';
+import {addAttribute} from '../../tree-traversal';
+
+export class CardTemplateMigrator extends TemplateMigrator {
+  component = 'card';
+  tagName = 'mat-card';
+
+  override updateStartTag(template: string, node: TmplAstElement): string {
+    if (node.name !== this.tagName) {
+      return template;
+    }
+    return addAttribute(template, node, 'appearance', 'outlined');
+  }
+}
diff --git a/src/material/schematics/ng-generate/mdc-migration/rules/index.ts b/src/material/schematics/ng-generate/mdc-migration/rules/index.ts
index 82f5fd356ceb..fcd537482e4d 100644
--- a/src/material/schematics/ng-generate/mdc-migration/rules/index.ts
+++ b/src/material/schematics/ng-generate/mdc-migration/rules/index.ts
@@ -8,6 +8,7 @@
 
 import {ButtonStylesMigrator} from './components/button/button-styles';
 import {CardStylesMigrator} from './components/card/card-styles';
+import {CardTemplateMigrator} from './components/card/card-template';
 import {CheckboxStylesMigrator} from './components/checkbox/checkbox-styles';
 import {ChipsStylesMigrator} from './components/chips/chips-styles';
 import {DialogStylesMigrator} from './components/dialog/dialog-styles';
@@ -36,6 +37,7 @@ export const MIGRATORS: ComponentMigrator[] = [
   {
     component: 'card',
     styles: new CardStylesMigrator(),
+    template: new CardTemplateMigrator(),
   },
   {
     component: 'checkbox',
diff --git a/src/material/schematics/ng-generate/mdc-migration/rules/template-migration.ts b/src/material/schematics/ng-generate/mdc-migration/rules/template-migration.ts
index d5598fda0e0a..dc09fde7ccb2 100644
--- a/src/material/schematics/ng-generate/mdc-migration/rules/template-migration.ts
+++ b/src/material/schematics/ng-generate/mdc-migration/rules/template-migration.ts
@@ -16,10 +16,21 @@ export class TemplateMigration extends Migration<ComponentMigrator[], SchematicC
 
   override visitTemplate(template: ResolvedResource) {
     const ast = parseTemplate(template.content, template.filePath);
+    const migrators = this.upgradeData.filter(m => m.template).map(m => m.template!);
 
-    visitElements(ast.nodes, node => {
-      // TODO(wagnermaciel): implement the migration updates.
-    });
+    visitElements(
+      ast.nodes,
+      node => {
+        migrators.forEach(m => {
+          template.content = m.updateEndTag(template.content, node);
+        });
+      },
+      node => {
+        migrators.forEach(m => {
+          template.content = m.updateStartTag(template.content, node);
+        });
+      },
+    );
 
     this.fileSystem.overwrite(template.filePath, template.content);
   }