Behind the Unraveling of Apple's Credit-Card Partnership With Goldman Sachs
WSJ·2026-01-13 02:00

Core Viewpoint - After over two years of negotiations, JPMorgan will replace Goldman Sachs as the issuer of the Apple credit card, marking one of the largest credit-card deals in history [1] Company Summary - Goldman Sachs has been the issuer of the Apple credit card since its launch but will be replaced by JPMorgan [1] - JPMorgan's involvement signifies a strategic shift in the credit card partnership with Apple, potentially impacting both companies' market positions [1] Industry Summary - The transition from Goldman Sachs to JPMorgan highlights significant changes in the credit card industry, particularly in partnerships between financial institutions and technology companies [1] - This deal reflects ongoing trends in the financial services sector, where major banks are increasingly collaborating with tech firms to enhance their offerings [1]