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Apple Card's Issuing Bank Changes Hands: Goldman Sachs Exits, JPMorgan Chase Takes Over
4 day ago /
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Author：小编
According to a January 7, 2026, report by The Wall Street Journal, JPMorgan Chase has reached an agreement with Apple and Goldman Sachs to take over the operation of the Apple Card. After more than a year of negotiations, the deal is now in its final stages, and barring any unforeseen circumstances, the agreement will be officially announced soon. JPMorgan Chase will take over this project, which has a loan balance of approximately $20 billion, and become the new issuer of the Apple Card. For JPMorgan Chase, this move provides direct access to Apple's vast and loyal user base; for Apple, it gains a stable partner with an extensive retail business network.
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