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Chase Becomes First Major Bank to Let Credit Card Points Buy Cryptocurrency (2026)
July 1, 2025
Here's some pretty exciting news: JPMorgan Chase just dropped a bombshell announcement that's going to change the credit card rewards game forever. Starting in 2026, if you've got Chase Ultimate Rewards points sitting around, you'll be able to transfer them straight to Coinbase to buy cryptocurrency. Chase will become the first major credit card company to let you do this. No more converting points to cash, then buying crypto. Just a direct transfer from your Chase rewards to your crypto wallet.
Historic Partnership Between Banking Giant and Crypto Exchange
The collaboration between JPMorgan Chase and Coinbase represents a significant milestone in mainstream cryptocurrency adoption. This partnership bridges traditional banking rewards programs with digital asset investments, making crypto purchases more accessible to millions of Chase credit card customers. According to the announcement made on July 30, 2025, the two companies aim to make buying cryptocurrency "easier than ever" by establishing a direct bank-to-wallet connection between Chase Ultimate Rewards points and Coinbase accounts.
How Chase Ultimate Rewards Crypto Integration Will Work
Direct Points Transfer to Coinbase
Chase Ultimate Rewards members will be able to transfer their accumulated points directly into their Coinbase wallets. This seamless integration eliminates the traditional barrier of having to convert points to cash before purchasing cryptocurrency.
Supported Cryptocurrencies
While specific details about which cryptocurrencies will be available haven't been fully disclosed, Coinbase's platform typically supports major digital assets, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- And dozens of other popular cryptocurrencies
Timeline and Availability
The program is scheduled to launch next year (2026), giving both companies time to develop the necessary infrastructure and ensure regulatory compliance.
Which Chase Cards Earn Ultimate Rewards?
The Premium Travel Powerhouses
[[ SINGLE_CARD * {"id": "510", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Frequent Travelers", "headerHint": "$300 Annual Travel Credit"} ]]
[[ SINGLE_CARD * {"id": "509", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Frequent Travelers", "headerHint": "Exceptional Travel Value"} ]]
The Everyday Cash Back Champions
[[ SINGLE_CARD * {"id": "497", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Cash Back Seekers", "headerHint": "Fantastic Cash Back Card"} ]]
[[ SINGLE_CARD * {"id": "2883", "isExpanded": "true", "bestForCategoryId": "52", "bestForText": "No-Fee Card Seekers", "headerHint" : "No Annual Fee" } ]]
The Business Card Squad
[[ SINGLE_CARD * {"id": "1100", "isExpanded": "true", "bestForCategoryId": "52", "bestForText": "Business Owners", "headerHint" : "Valuable Rewards" } ]]
[[ SINGLE_CARD * {"id": "1098", "isExpanded": "false", "bestForCategoryId": "52", "bestForText": "Business Owners", "headerHint" : "No Fee Credit Card" } ]]
[[ SINGLE_CARD * {"id": "1099", "isExpanded": "true", "bestForCategoryId": "52", "bestForText": "Small Business Owners", "headerHint" : "Maximize Cash Back" } ]]
Current Crypto Credit Cards vs. Chase's New Offering
To understand the significance of the JPMorgan Chase and Coinbase partnership, it's important to examine the current crypto credit card landscape. While several cards offer cryptocurrency rewards directly, the number of available crypto credit cards has shrunk drastically in recent years.
Currently Available Crypto Credit Cards
The Gemini Credit Card®
The Gemini Credit Card® offers 4% back in crypto on gas purchases up to $200 in spend per month, then 1%, 3% back on dining, 2% on groceries, and 1% on all other transactions, with rewards instantly deposited into users' Gemini accounts. The card supports over 50 cryptocurrencies and has no annual fee or foreign transaction fees.
[[ SINGLE_CARD * {"id": "3365", "isExpanded": "false", "bestForCategoryId": "52", "bestForText": "Cryptocurrency Users", "headerHint" : "Earn Cryptocurrency" } ]]
Coinbase One Card (Launching Fall 2025)
The new Coinbase One Card, slated for fall 2025, will earn up to 4% bitcoin back and is exclusively available to Coinbase One subscription members starting at $49.99 per year. This card will directly compete with traditional crypto rewards offerings.
Crypto.com Visa Card
This prepaid card offers tiered rewards based on how much CRO cryptocurrency users stake, with rates potentially reaching up to 8% back in certain categories for high-tier users.
Nexo Card
The Nexo Card offers cashback rewards between 0.1-2%. You have the option to earn rewards in BTC or NEXO, though it's currently only available in the UK and EU.
Venmo Credit Card (Crypto Feature)
This card earns 3% cash back in your top spend category, 2% in the second, and 1% on the rest. What makes it crypto-compatible is the optional feature where you can have Venmo automatically use your cash back to purchase crypto.
[[ SINGLE_CARD * {"id": "2474", "isExpanded": "false", "bestForCategoryId": "52", "bestForText": "Cash Back Seekers", "headerHint" : "Twist on Cash Back" } ]]
What This Means for the Future of Money (No, Really)
This partnership is huge for mainstream crypto adoption. Think about it – millions of Chase cardholders who might have been crypto-curious but never took the plunge now have an easy way in. No setting up complicated exchanges, no figuring out wallet addresses – just transfer your points and you're in the game. If Chase's program takes off, expect to see similar partnerships popping up everywhere. We might be looking at the beginning of a whole new way that traditional finance and crypto work together.
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