Apple and Chase announced that Chase will become the issuer for Apple Card in 24 months. Users will still enjoy benefits like up to 3% Daily Cash rewards, spending insights, Apple Card Family, and high-yield Savings account. Mastercard will remain the payment network for global acceptance. Apple Pay users saw double-digit growth in Q4 2025.

Apple Card offers financial health benefits with 2% Daily Cash back for Apple Pay users. Apple Pay is available in nearly 90 countries and is accepted by 85% of US retailers. Apple’s Services business, including Apple Pay, Apple TV content, and Apple Arcade, accounted for 26.2% of net sales in fiscal 2025, with 14% revenue growth.

Apple plans to expand its Apple Arcade game portfolio and add sports content. Starting in 2026, Apple TV subscribers can stream Major League Soccer games at no extra cost and enjoy exclusive Formula 1 coverage in the US. Apple faces competition from Alphabet’s Google Pay and Affirm Holdings in the fintech space.

Apple stock has outperformed the Computer and Technology sector with a 23.3% increase in the past six months. The stock trades at a premium with a forward P/E ratio of 31.03X. The Zacks Consensus Estimate for fiscal 2026 earnings is $8.12 per share, indicating 8.9% growth from 2025.

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Read more at Nasdaq: Chase to Issue Apple Card: What’s Ahead for Apple’s Payments Business?