JPMorgan Chase is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. Earlier contenders for the card including American Express, Synchrony and Barclays have fallen to the side,

JPMorgan Chase, the biggest bank in the U.S., is reportedly in advanced discussions to acquire Apple's credit card operations from Goldman Sachs.

The bank is among the top credit card issuers in the United States, and competes closely with rivals such as American Express and Capital One.