Chase Lets Cardholders Invest Reward Points With JPMorgan

Chase has expanded its Ultimate Rewards card program to include an investment-focused option. The new 'Invest Your Points' feature allows eligible cardholders to redeem their points for cash and invest in a J.P. Morgan Wealth Management account.

Cards in the Ultimate Rewards program, such as those in the Chase Freedom, Chase Ink, and Chase Sapphire portfolios, can be used with this new option.

Upon redeeming points for cash, customers can choose how to invest based on their own goals and risk tolerance.

J.P. Morgan Wealth Management's head of online investing, Paul Vienick, stated that the goal is to make investing more accessible and connected to clients' existing financial lives.