Chase Is Taking Over Apple’s Credit Card

On Wednesday evening, Apple announced that JPMorgan Chase will go nan caller issuer of Apple Card, replacing Goldman Sachs, which has backed nan company's in installments cards since their motorboat successful 2019. This ends speculation astir a caller partner for Apple Card stretching backmost a fewer years, arsenic Goldman Sachs continues an exit from user lending, and Apple manages a services business that has gone from $11 cardinal successful quarterly gross to much than $28 billion.

If you person an Apple Card, past Apple says not overmuch will alteration anytime soon; nan modulation of nan $20 cardinal in installments paper portfolio is scheduled to return spot 2 years from now.

Apple:

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Read nan afloat communicative astatine The Verge.