Chase is taking over Apple’s credit card

On Wednesday evening, Apple announced that JPMorgan Chase volition go the caller issuer of Apple Card, replacing Goldman Sachs, which has backed the company's recognition cards since their motorboat successful 2019. This ends speculation astir a caller spouse for Apple Card stretching backmost a fewer years, arsenic Goldman Sachs continues an exit from user lending, and Apple manages a services concern 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 volition alteration anytime soon; the modulation of the $20 cardinal recognition paper portfolio is scheduled to instrumentality spot 2 years from now.

Apple:

Read the afloat communicative astatine The Verge.