JPMorgan in Advanced Talks to Take Over Apple Credit Card from Goldman Sachs, Seeking Concessions

Sep 17, 2024, 04:39 PM

JPMorgan Chase is in advanced discussions with Apple to take over its credit card program from Goldman Sachs, according to reports from The Wall Street Journal. The talks, which began earlier this year, have progressed significantly in recent weeks. Goldman Sachs, the current issuer of the Apple Card, decided to part ways with Apple last year, which includes credit cards and savings accounts. JPMorgan is reportedly seeking concessions as part of the deal. Apple's credit card program currently has over 12 million users and may see changes to key features.