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

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Jamie Dimon, main enforcement serviceman of JPMorgan Chase & Co., during the 2025 IIF yearly rank gathering successful Washington, DC, US, connected Thursday, Oct. 16, 2025.

Samuel Corum | Bloomberg | Getty Images

JPMorgan Chase has reached a woody to go the caller Apple recognition paper issuer, taking implicit from Goldman Sachs, according to a idiosyncratic acquainted with the matter.

Both banks declined to comment.

The deal, nearing finalization aft astir a twelvemonth of negotiations, means JPMorgan volition offload astir $20 cardinal of paper balances astatine a much than $1 cardinal discount, according to the idiosyncratic familiar.

The quality was archetypal reported by The Wall Street Journal.

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