The Apple Card May Have Found a New Home with JPMorgan Chase [CNET News]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: CNET News
The Apple Card * might have found a new issuer in JPMorgan Chase, according to a report by the Wall Street Journal . Last year, Apple announced that it would cut ties with Goldman Sachs as the Apple Card's issuing bank. Apple would likely require a bank with the infrastructure to support its large customer base. There are 12 million Apple Card users, according to Apple , so as the largest bank by market capitalization, Chase fits the bill. What does this mean for Apple Card users? Right now, nothing is changing for Apple Card users. However, once a deal is finalized, you should be notified about changes to your card. A new card issuer could mean you'll see changes to your rewards rate, interest rate, terms and benefits, and other features. It also means you'll pay a new bank when your credit card bill comes due. Should I start looking for a new credit card? If you're worried about your Apple Card changing, I'd advise you to wait it out until we know more. It's unlikely th
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JPM
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- 7/12/24 - Beat
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- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- JPM's page on the SEC website