Coinbase and JP Morgan Chase have announced a strategic partnership to enable credit card purchases of cryptocurrencies directly on the Coinbase platform and, in a global first, allow Chase customers to redeem their coveted Ultimate Rewards points for USDC stablecoin.
For the more than 80 million Chase account holders, this partnership marks a new era of convenience and choice. Starting this fall, Chase credit card holders can seamlessly buy crypto on Coinbase. This brings credit card-funded crypto purchases to the mainstream, greatly reducing the friction that often stands between traditional banking and the crypto world.
Similarly, kicking off in 2026, Chase customers will have the option to convert their Ultimate Rewards points to USDC at a rate of 100 points per $1, directly on Coinbase’s Base blockchain. This marks the first time a major U.S. credit card rewards program offers redemption for a cryptocurrency, turning everyday credit spending into tangible digital assets.
In 2026, Chase customers will also be able to link their bank accounts directly with Coinbase, further streamlining fiat-to-crypto transactions.
Consumer And Industry Value Of Coinbase-Chase Partnership
The partnership underscores how legacy financial titans and crypto leaders are rapidly converging. While Jamie Dimon, JPMorgan’s CEO, has historically voiced skepticism about digital assets, his firm continues to blaze trails in the sector. JP Morgan is exploring both stablecoins and direct crypto-backed lending, demonstrating how the lines between Wall Street and decentralized finance are blurring.
As the features roll out, credit card integration this fall, rewards point conversion, and bank integration in 2026, the partnership could spur not just participation but innovation across banking and crypto. For millions, the next swipe, tap, or point redemption could be their gateway to the new digital economy.
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