JPMorgan Chase to Replace Goldman Sachs as Apple Card Issuer
JPMorgan Chase will take over as the issuer of the Apple Card, replacing Goldman Sachs in a deal involving over $20 billion in card balances. The transaction, announced on January 7, 2026, is subject to regulatory approval and is expected to close in about two years.
Insights:
JPMorgan Chase & Co. has announced it will become the new issuer of the Apple Card, taking over from Goldman Sachs Group Inc. in a significant shift within the U.S. credit card market. The deal, unveiled on January 7, 2026, involves transferring over $20 billion in card balances to JPMorgan's platform and represents a strategic realignment for all parties involved.
