JPMorgan Chase becomes the new issuer of the Apple Card
In Brief Posted: 10:31 PM PST · January 7, 2026 Image Credits:Apple Ivan Mehta JPMorgan Chase becomes the new issuer of the Apple Card Apple announced Wednesday that JPMorgan Chase is the new issuer of the Apple Card, replacing Goldman Sachs. Apple said that the transition will likely take up to 24 months. While Apple is changing its banking partner, the Apple Card will continue to use the Mastercard network for payments. For consumers, nothing is changing at the moment, including for those applying for new cards. JPMorgan said that the deal would bring over $20 billion in card balances to Chase. The Wall Street Journal noted that Goldman Sachs is offloading this amount at a $1 billion discount. Goldman Sachs said that for the fourth quarter of 2025, it expects a…
