Apple Partners with JPMorgan Chase for Apple Card
In early 2026, Apple announced that JPMorgan Chase (NYSE: JPM) will take over as the issuer of the Apple Card, replacing Goldman Sachs. The transition is expected to take about two years and comes as Goldman Sachs shifts its focus away from consumer banking.
JPMorgan Chase is the largest credit card issuer in the U.S. and currently manages approximately 150 million cards. The Apple Card has over 12 million users, primarily between the ages of 20 to 40, which presents opportunities for cross-selling other Chase products. Financial details of the handover have yet to be disclosed, making it uncertain how this deal will impact JPMorgan’s finances.
