Apple Talking With JPMorgan Chase About Potential Apple Card Partnership

Quick Summary:

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.

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.

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Article Details

Author / Journalist: Eric Slivka

Category: Technology

Markets: United States

Topics: Credit Iphone Chase Billing Card Year Month Service Customer Features Apple

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 09:39:17 (1 days ago)

News Timezone: GMT +8:00

News Source URL: macrumors.com

Language: English

Article Length: 1158 words

Reading Time: 7 minutes read

Sentences: 57 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © MacRumors

News ID: 22572340

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