This ends speculation about a new partner for Apple Card stretching back a few years, as Goldman Sachs continues an exit from consumer lending, and Apple manages a services business that has gone from $11 billion in quarterly revenue to more than $28 billion.
If you have an Apple Card, then Apple says not much will change anytime soon; the transition of the $20 billion credit card portfolio is scheduled to take place two years from now.
Apple:
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Read the full story at The Verge. . On Wednesday evening, Apple announced that JPMorgan Chase will become the new issuer of Apple Card, replacing Goldman Sachs, which has backed the company’s credit cards since their launch in 2019.
