JPMorgan Chase announced that Chase will become the new issuer of Apple Card, taking over the role of issuing bank. The transition is expected to occur in the future, subject to customary regulatory approvals and other closing conditions. Apple Card will continue to offer its existing features, including integration with Apple Wallet, privacy-focused design, and consumer-friendly payment experiences, while benefiting from Chase’s scale, financial strength, and consumer banking capabilities.
The announcement highlights the strategic significance of the partnership, combining Apple’s technology-driven customer experience with Chase’s expertise in credit cards and consumer finance. JPMorgan Chase positions the move as an expansion of its credit card business and a step toward serving customers through innovative, digitally native financial products.
