Chase adds "Invest Your Points": Ultimate Rewards can now be cashed into a J.P. Morgan investment account at 1 cent each
Chase announced on 16 September 2026 that Ultimate Rewards points from Sapphire, Freedom and Ink cards can be redeemed for cash to invest in an eligible J.P. Morgan Self-Directed Investing account or an advisor-managed taxable account. The rate is 100 points to $1, the same as a plain cash redemption.
In this article
Chase has added a new way to spend Ultimate Rewards points. It is called Invest Your Points, and it sends the cash value of your points into a J.P. Morgan investment account. It sounds new. The value is not.
What Chase announced
In a press release dated 16 September 2026, Chase said eligible cardmembers can redeem Ultimate Rewards points for cash to invest in:
- an eligible J.P. Morgan Self-Directed Investing account, or
- an eligible taxable investment account managed with a J.P. Morgan advisor.
Chase names the Ultimate Rewards earning cards as the Chase Freedom, Chase Ink and Chase Sapphire portfolios. For Self-Directed Investing customers, the option is available now in the Chase Mobile app and on Chase.com. Once the cash lands, you choose what to buy.
The rate: 100 points = $1
Doctor of Credit and Upgraded Points both report the redemption rate as 1 cent per point, so 100 points buys $1 of investing cash. That is the same rate you already get redeeming points as a statement credit or a deposit into a Chase account.
A few limits worth knowing:
| Question | Answer from the sources |
|---|---|
| Which accounts? | J.P. Morgan Self-Directed Investing, or an advisor-managed taxable account |
| Retirement accounts? | Not mentioned by Chase; Doctor of Credit reports Roth accounts do not appear to be eligible |
| Better rate for premium cards? | None stated; the reported rate is a flat 1 cent per point |
| Minimum redemption? | Not stated in Chase's release |
Is it worth using?
For most people, no, and there is nothing here you could not already do. Redeeming for cash at 1 cent and moving that cash into a brokerage account yourself gets the same result.
The real comparison is with the other things your points can do. Transfers to airline and hotel partners, and Points Boost pricing on Chase Travel for Sapphire cardholders, can each get you more than 1 cent a point when you use them well. Upgraded Points puts strategic transfer value at around 2 cents. If you would take cash anyway, investing it is a fine place to send it. If you would book travel anyway, book the travel with points and invest the cash you saved.
One recent reason to think harder before transferring: Chase is cutting the Hyatt transfer ratio for Sapphire Preferred and Ink Business Preferred holders, covered in our Chase to Hyatt post.
Want to see what your Ultimate Rewards balance is worth across cash, travel and transfer partners? Run it through CardPolo's points calculator, or compare partner routes in the transfer partner explorer.
Sources
Every claim on this page is backed by a primary or reputable source.
Cards affected
Card figures on CardPolo come from our catalog, each with an issuer source and a verified date where we have checked it. Spot something out of date? Tell us at hello@cardpolo.com.
Is your card still the best one to hold?
Changes like this move the math. Re-run Polo Match in 60 seconds and see the top 3 cards for your spending by net annual value, fee included. Free, no bank login.
Re-check my cardsMore updates
Best Western Rewards becomes WorldHotels Rewards on 5 Jan 2027, with three membership tiers instead of five
BWH Hotels is folding Best Western Rewards and WorldHotels Rewards into one program, WorldHotels Rewards, from 5 January 2027. Points keep their value and still do not expire; the tier rules arrive on 16 November 2026.
Chase Freedom Flex drops its foreign transaction fee and loses cell phone protection
Chase's no-annual-fee Freedom Flex no longer charges a foreign transaction fee, per Chase's own card page. The same change, dated 20 September 2026 by AwardWallet, removed the card's cell phone protection. The refreshed card is now live with new card art.
Navy Federal launches the Flagship Premier Visa Signature: 4x travel, 3x dining, $95 fee
Navy Federal Credit Union's new Flagship Premier Visa Signature earns 4x points on travel and 3x on dining, carries a $95 annual fee and a $100 annual airline credit, and opens with 50,000 bonus points after $4,000 spend in 90 days. Existing Flagship Rewards cardholders were told a $95 fee applies from 2 November 2026.