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.
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