JPMorgan Chase & Co. expanded its Ultimate Rewards program with a new feature, “Invest Your Points.” Eligible cardholders can convert credit card points into cash. This cash deposits into a J.P. Morgan Wealth Management account. The program aims to make investing more accessible. It links everyday spending rewards directly with investing.
Cardholders from Chase Freedom, Ink, and Sapphire portfolios can redeem points. Redemption is available through the Chase Mobile app or website. Points can fund a J.P. Morgan Self-Directed Investing account. Cardholders also have the option to work with a J.P. Morgan advisor. This option is for a taxable investment account. The initiative integrates the company's consumer banking and wealth management services.