MW Chase credit-card rewards points can be used to buy crypto next year as Coinbase, JPMorgan partner up
By Steve Gelsi
The two companies say it's the first time rewards points from a major credit-card issuer will be able to be used to fund a crypto wallet
JPMorgan Chase & Co. said Wednesday that it will be the first major credit-card issuer to allow customers to use a rewards program to fund cryptocurrency wallets, under a new agreement with Coinbase Global Inc.
JPMorgan Chase (JPM) and Coinbase (COIN) said they're aiming to make buying crypto "easier than ever" by offering a "direct bank-to-wallet connection" to Coinbase accounts for Chase Ultimate Rewards points, starting next year.
Coinbase account holders will also be able to fund their accounts with Chase credit cards starting this fall.
For every 100 rewards points transferred, Chase customers will receive $1 in their Coinbase accounts.
Coinbase's stock rallied 2.8% in morning trading, which put it on track to snap a seven-session losing streak. JPMorgan's stock gained 0.5%.
Chase said the program will help clients "to take control of their financial futures" by allowing them to "use their money and rewards in new and exciting ways."
Coinbase said the deal will allow it to reduce the "barriers to entry for consumers to participate in the future of financial services onchain."
Coinbase's stock has soared 53.7% in 2025, while JPMorgan Chase's stock has climbed 24.5%. Bitcoin prices (BTCUSD) have run up 25.9% this year and the S&P 500 SPX has gained 8.4%.
-Steve Gelsi
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July 30, 2025 09:54 ET (13:54 GMT)
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