JPMorgan and Coinbase Partner to Let Chase Customers Buy Crypto With Credit Cards and Rewards Points

Coinbase has announced a significant partnership with JPMorgan Chase, marking a pivotal moment in the convergence of traditional finance and digital assets. Through this collaboration, Chase customers will soon be able to use their credit cards to purchase cryptocurrencies on Coinbase. Additionally, the integration allows Chase Ultimate Rewards Points to be redeemed for USDC, a stablecoin pegged 1:1 to the U.S. dollar, beginning in 2026. This development offers a novel, low-risk way for consumers to enter the crypto space without directly spending cash [1].

The collaboration expands beyond just card purchases and points redemption. Chase customers will also be able to directly link their bank accounts to Coinbase wallets, eliminating the need for third-party aggregators and enabling a more secure, streamlined experience [2]. JPMorgan emphasized that this integration ensures “bank-grade compliance and security,” reinforcing trust in the process for its 25 million customers [3]. For Coinbase, the deal represents a strategic move to increase user engagement and market reach, while for JPMorgan, it signals a more aggressive stance in the evolving crypto landscape.

The ability to convert credit card reward points into stablecoins is a unique feature that differentiates this partnership from previous efforts to integrate crypto with traditional banking. Rather than offering travel or gift cards, customers can now gain exposure to digital assets at no additional cost. This not only lowers the barrier to entry for crypto but also highlights the growing acceptance of stablecoins as a mainstream financial tool for transactions and savings [4].

Coinbase has stressed that this partnership will make it the first major financial institution to allow credit card reward points to be redeemed for crypto. This innovation has the potential to influence broader consumer adoption of digital assets, particularly among individuals who may be hesitant to invest real money [5]. JPMorgan CEO Jamie Dimon previously hinted at the bank’s interest in deepening its involvement in the crypto sector during an earnings call in July 2025, where he mentioned plans to explore stablecoins and crypto-backed loans [6].

While the crypto-backed loans remain in the planning phase with an expected launch in 2026, the Coinbase integration offers an immediate, consumer-facing step forward. The partnership aligns with JPMorgan’s broader strategy to maintain relevance in a financial landscape increasingly influenced by fintech and decentralized platforms.

Source: [1] JPMorgan to enable crypto purchases via credit cards in ... (https://www.reuters.com/business/finance/jpmorgan-enable-crypto-purchases-via-credit-cards-coinbase-tie-up-2025-07-30/)

[2] JPMorgan Partners With Coinbase To Expand Crypto ... (https://finance.yahoo.com/news/jpmorgan-partners-coinbase-expand-crypto-135221684.html)

[3] Chase Customers to Link Bank Accounts to Coinbase Wallets (https://www.bloomberg.com/news/articles/2025-07-30/jpmorgan-coinbase-ink-deal-to-link-users-bank-crypto-accounts)

[4] Chase credit-card rewards points can be used to buy ... (https://www.morningstar.com/news/marketwatch/2025073064/chase-credit-card-rewards-points-can-be-used-to-buy-crypto-next-year-as-coinbase-jpmorgan-partner-up)

[5] Coinbase and JPMorgan Chase join forces to make it even ... (https://www.coinbase.com/blog/Coinbase-and-JPMorgan-Chase-join-forces-to-make-it-even-easier-to-access-crypto)

[6] JPMorgan's Coinbase Partnership Sidelines Aggregators (https://www.pymnts.com/cryptocurrency/2025/jpmorgan-coinbase-partnership-sidelines-aggregators-brings-bank-grade-compliance-crypto/)