The post JPMorgan reaches deal to become Apple credit card issuer, source says appeared on BitcoinEthereumNews.com. Jamie Dimon, chief executive officer of JPMorganThe post JPMorgan reaches deal to become Apple credit card issuer, source says appeared on BitcoinEthereumNews.com. Jamie Dimon, chief executive officer of JPMorgan

JPMorgan reaches deal to become Apple credit card issuer, source says

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, DC, US, on Thursday, Oct. 16, 2025.

Samuel Corum | Bloomberg | Getty Images

JPMorgan Chase has reached a deal to become the new Apple credit card issuer, taking over from Goldman Sachs, according to a person familiar with the matter.

Both banks declined to comment.

The deal, nearing finalization after roughly a year of negotiations, means JPMorgan will offload about $20 billion of card balances at a more than $1 billion discount, according to the person familiar.

The news was first reported by The Wall Street Journal.

This is breaking news. Please refresh for updates.

Source: https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html

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