JPMorgan Chase will replace Goldman Sachs as the issuer of Apple Card in a transition expected to take approximately two years. Apple confirmed that core features like 3% cash back, savings accounts, and Mastercard access will remain unchanged for users during this period. The deal brings over $20 billion in card balances to JPMorgan, strengthening its market position, while marking Goldman Sachs' exit from consumer lending experiments. Regulatory approval is pending for the handover.