JPMorgan Chase will take over Apple Card from Goldman Sachs, Apple confirms

Macworld

Updated: Apple has issued a press release confirming that Chase will be the new issuer of Apple Card.

According to the Wall Street Journal, JPMorgan Chase has reached a deal to take over the Apple Card credit card program from Goldman Sachs.

While the Apple Card is a premium co-branded product, it reportedly hasn’t been very profitable for Goldman Sachs, the original card issuer. This could be due to Apple’s firm stance on certain card terms or its on-phone...