The Short Version
Reports say Apple is offering $249 cash back on AirPods Pro 3 for new Apple Card signups starting the week of May 18, as JPMorgan Chase takes over the card portfolio from Goldman Sachs.
JPMorgan is taking over a credit card portfolio that Goldman Sachs paid roughly $350 per customer to build, so offering $249 AirPods as a signup reward is actually the cheaper recruiting tool. Apple gets new cardholders, JPMorgan gets a fresh start with the portfolio, and you get earbuds. Goldman Sachs gets to quietly leave the room.
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Tom's Guide
Apple Card promotion could offer free AirPods Pro 3 as soon as next week: here's how it works
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