Apple Talking With JPMorgan Chase About Potential Apple Card Partnership

Amid long-running reports that Apple and Goldman Sachs are working toward ending their Apple Card partnership, JPMorgan Chase is now in talks with Apple about taking over the credit card program, reports The Wall Street Journal.

Apple Card Balance
A deal could still be months away, according to the report, but talks have accelerated in recent weeks as the two sides negotiate details of a potential agreement.

Chase is looking for certain concessions in order for a deal to be reached, including paying less than the $17 billion face value of outstanding balances of Apple Card holders and doing away with the synchronized ‌Apple Card‌ billing cycles that match the calendar months but have created customer service issues.

Apple has also spoken with Synchrony Financial and Capital One about the ‌Apple Card‌ program, while Goldman Sachs spoke with American Express last year as the two current partners on ‌Apple Card‌ have been exploring how to end their partnership, but it appears Chase is the current leader.

Update: CNBC and the Financial Times also reported about the talks between Apple and JPMorgan.

Popular Stories

Generic iOS 19 Feature Mock Light

iOS 19 Will Bring Biggest Design Overhaul Since iOS 7

Monday March 10, 2025 12:17 pm PDT by
Apple is planning for a major design overhaul of the iPhone, iPad, and Mac interfaces with the introduction of iOS 19, iPadOS 19, and macOS 16 later this year, reports Bloomberg. The update will "fundamentally change" the look of Apple's operating system, introducing a more consistent cross-platform experience. Apple plans to update the style of icons, menus, apps, windows, and system...
Apple One Apps Feature 2

Apple One's Best Plan Now Includes Two More Perks For Free

Monday March 10, 2025 6:40 am PDT by
Apple One allows you to subscribe to up to six Apple services for one discounted monthly price. There are three Apple One tiers: Individual, Family, and Premier. Over the last month, the highest-end ‌Apple One‌ Premier plan has gained two additional perks. Here is what Apple One Premier already included, for $37.95 per month:Apple Music Apple TV+ Apple Arcade Apple News+ Apple Fitness+...
ios 18 4 carplay

Apple Upgrades CarPlay in Two Ways

Wednesday March 12, 2025 6:05 am PDT by
The upcoming iOS 18.4 update for the iPhone includes a smaller but meaningful improvement for Apple's in-car iPhone mirroring system CarPlay. Specifically, CarPlay now shows a third row of icons, up from two rows previously. However, this change is only visible in vehicles with a larger center display. For example, a MacRumors Forums member noticed the change in a Toyota Tundra with a...
airpods pro 2 gradient

AirPods Pro 3 Launch Now Just Months Away: Here's What We Know

Tuesday March 11, 2025 3:26 am PDT by
Despite being released over two years ago, Apple's AirPods Pro 2 continue to dominate the wireless earbud market. However, with the AirPods Pro 3 expected to launch in 2025, anyone thinking of buying Apple's premium earbuds may be wondering if the next generation is worth holding out for. Apart from their audio and noise-canceling performance, which are generally regarded as excellent for...
iOS 18

12 New Things Your iPhone Can Do in iOS 18.4

Monday March 10, 2025 9:28 am PDT by
Apple is set to release iOS 18.4 in early April, bringing further refinements to Apple Intelligence features, a neat new capability to iPhone 15 Pro devices, new emoji, and more. While not quite as packed with new features as Apple's preceding iOS 18 point releases, iOS 18.4 still introduces enhancements that aim to make your iPhone smarter and more intuitive. Below, we've listed 12 new...
iphone 17 mockups idevicehelp

Video Shows iPhone 17 Mockups Based on 'Internal Documents'

Monday March 10, 2025 4:41 am PDT by
YouTuber iDeviceHelp on Friday posted a video that shows off mockups of Apple's forthcoming iPhone 17 models that are purportedly based on "internal documents." We're sharing the video here since it was made in collaboration with leaker Majin Bu, who last month published similar iPhone 17 renders that were widely corroborated by separate leakers with links to Apple's Chinese supply chain....
iOS 18

iOS 18.3.2 Update Coming Soon for iPhones

Monday March 10, 2025 7:25 am PDT by
Apple employees are internally testing iOS 18.3.2 for iPhones, according to our website's visitor logs, which have been a reliable indicator of upcoming iOS versions. The software update should be released in the next week or two. iOS 18.3.2 will be a minor update that addresses software bugs and/or security vulnerabilities. Don't expect any new features. iOS 18.3.2 will be an interim...
iOS 18

Apple Releases iOS 18.3.2 With Bug Fixes

Tuesday March 11, 2025 10:33 am PDT by
Apple today released iOS 18.3.2 and iPadOS 18.3.2, minor updates for the iOS 18 and iPadOS 18 operating systems that came out last September. iOS 18.3.2 and iOS 18.3.2 come a month after Apple released iOS 18.3.1 and iPadOS 18.3.1. The new software can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. According to Apple's release...
2016 12 inch macbook feature

Apple Introduced Its Most Controversial MacBook 10 Years Ago Today

Sunday March 9, 2025 1:00 am PST by
Apple announced the infamous 12-inch Retina MacBook a decade ago today, an experimental new Mac that was as controversial as it was revolutionary. Apple unveiled the 12-inch MacBook on March 9, 2015, at the "Spring Forward" event in San Francisco, California. The event was primarily focused on the Apple Watch, which was being fully detailed ahead of its launch the following month, so the...

Top Rated Comments

AnamanFan Avatar
25 weeks ago

What customer service issues with calendar month billing?
The frequency of when a customer contacts customer service, for any reason, is around the end of their billing cycle.

For every other financial product, the date is largely when the account was opened. Obviously there's adjustments for the 28th - 31st of the month, but it's spread around the month with only little differences between.

With Apple Card, everyone's billing cycle is the same day. This means there's a huge upswell at the start of the month and a relatively silent for the rest of the month. This imbalance is very hard on the labor involved as it's a huge firehose at once, rather than spreading it around. The quality is also isn't as good as the rush to close the tickets weighs heavy on everyone.

As an Apple Card customer, I am very willing to adjust my billing cycle date as I value better working conditions for all.
Score: 24 Votes (Like | Disagree)
Bigkool2inSC Avatar
25 weeks ago

What customer service issues with calendar month billing?
My guess is call volume increase to support during the beginning of the month.
Having the billing cycle spread out throughout the month helps customer support.
Score: 19 Votes (Like | Disagree)
sniffies Avatar
25 weeks ago
Better than Synchrony IMHO.

But American Express would’ve been better.
Score: 18 Votes (Like | Disagree)
xraydoc Avatar
25 weeks ago
What customer service issues with calendar month billing?
Score: 16 Votes (Like | Disagree)
russell_314 Avatar
25 weeks ago

Chase is no American Express, but Chase has a number of cards with good perks, such as Sapphire.
True, but none of those cards are like Apple Card. I can just make a payment and it instantly goes through. I always know when my payment is due because they made it on the day that makes the most sense. I don’t have to do math deducting available credit from my credit limit to figure out the balance because even pending transactions are included in the current balance. A very big one is there are no fees… zero none. You don’t have to figure out what to buy with it so you can maximize cashback because it’s basically 2% with a few exceptions.

It’s the perfect card for someone that doesn’t want to have to spend a lot of time managing a card. If you’re willing to put more effort into managing a credit card there are many cards that offer better rewards.

Basically, the Apple Card rewards aren’t as good as something like the Chase Sapphire card but it’s more customer friendly and easier to use
Score: 16 Votes (Like | Disagree)
sw1tcher Avatar
25 weeks ago

Between the remaining 4, Chase is certainly as good as any. I think Apple should separate Apple Card into multiple tiers, one for low FICO, one standard, and a premium one with annual fee and travel benefits.
Apple Card, Apple Card Pro, and Apple Card Pro Max?
Score: 14 Votes (Like | Disagree)