JPMorgan Chase & Coinbase have announced a strategic partnership:
- Purchase cryptocurrency using a Chase card (this will be treated as a cash advance and incur cash advance fees)
- Link Chase bank account directly to Coinbase
- Transfer Chase Ultimate Rewards points to USDC on Coinbase
Purchasing cryptocurrency will go live in 2025 and the other two will be live in 2026. It’s unclear how much Ultimate Rewards points will be worth when transferring to Coinbase, but I’d be surprised if we saw a favorable rate. My guess is somewhere in the 0.7¢ – 1¢ per point range. Don’t think any of these features will actually be particularly useful given the cash advance fees, but you never know.
