Details
Written by: RJ
Chase has a new redemption option; Invest Your Points. This allows Ultimate Rewards points to be redeemed at 1 cent per point to a J.P. Morgan Wealth Management account or a J.P. Morgan Self-Directed Investing account.
Chase today announced an expansion of the Ultimate Rewards program with “Invest Your Points,” giving eligible cardmembers a new way to redeem points for cash to invest in an eligible J.P. Morgan Wealth Management account. Customers can now redeem their points for cash to invest in an eligible J.P. Morgan Self-Directed Investing account or work with a J.P. Morgan advisor to invest in a taxable investment account.
“Cardmembers already have a lot of ways to use Ultimate Rewards, from travel to cash back, and every new option makes the program even more valuable,” said Chris Reagan, President of Branded Cards at Chase. “Now, they can also put their rewards toward investing and their financial goals, in one connected digital experience.”
Thoughts
Nice to have the option for those who didn’t have a Chase checking account to cash out to first, then move to the brokerage. Also removes a step.
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