The surprising bit is that the article claims there’s now a “fight” to take on the Apple Card business when it wasn’t that long ago that the claim was that few issuers were willing to touch it due to how difficult the portfolio is to handle.
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It’s difficult to tell really how accurate that is and how much is just gossip.
They quote Capital One as a bank interested in the business - but I would’ve thought there priority right now would be their purchase of Discover card and moving over onto that network and wouldn’t want to take on a load of Apple Mastercard customers just to then move over onto their existing Visa network, just to then move them again over onto Discover later (and I suspect a lot of Apple Card customers wouldn’t be happy moving directly over to Discover cards right now when it’s got a much lower acceptance at the moment than Visa and Mastercard).