Chase has expanded its Ultimate Rewards program with a new feature allowing eligible cardmembers to redeem points for cash to invest in J.P. Morgan Self-Directed Investing accounts.

The "Invest Your Points" option connects the rewards ecosystem directly with J.P. Morgan Wealth Management, enabling customers to manage their financial lives and investments in one place. This move aims to make investing more accessible and intuitive for Chase clients.

How It Works

Customers can now redeem their points for cash to invest in an eligible J.P. Morgan Self-Directed Investing account or work with a J.P. Morgan advisor to invest in a taxable investment account. Once points are redeemed for cash, customers choose how to invest based on their own goals and risk tolerance.

For customers with a J.P. Morgan Self-Directed Investing account, the experience is available through the Chase Mobile app and Chase.com. This allows them to manage their rewards and investing activity in one connected digital experience.

Strategic Context

Chris Reagan, President of Branded Cards at Chase, stated that every new redemption option makes the program more valuable. He noted that cardmembers can now put rewards toward investing and financial goals in a connected digital experience.

Paul Vienick, Head of Online Investing at J.P. Morgan Wealth Management, said the goal is to make investing more accessible and connected to how clients handle finances. Giving clients the ability to invest with Ultimate Rewards points helps them manage investments all in one place.

What the Numbers Show

JPMorgan Chase & Co. (NYSE: JPM) reported assets of $5 trillion and $375 billion in stockholders’ equity as of June 30, 2026. The firm serves more than 87 million consumers and 7.5 million small businesses. J.P. Morgan Wealth Management oversees approximately $1.4 trillion of assets under supervision with over 6,000 advisors.

Additional Benefits

With J.P. Morgan Self-Directed Investing, clients enjoy unlimited commission-free online trades on thousands of stocks, ETFs, mutual funds, and treasuries. Options trades are subject to a $0.65 per-contract fee. Other fees and charges may apply.

New customers can earn up to $1,000 when they open and fund an eligible account with qualifying new money. Existing redemption options include travel, cash back, statement credits, and gift cards.

JPMorgan Chase has ceased operations on its situational awareness lending program. The decision follows reported financial losses directly linked to artificial intelligence errors within the system.

The bank confirmed it has cut off the lending activity. This move addresses the immediate financial impact caused by the technology failure.

What the Numbers Show

The discontinuation of the program highlights a direct correlation between AI deployment and realized losses. The source data indicates that the losses were sufficient to trigger a complete halt in the specific lending vertical, rather than a partial adjustment or continued monitoring.

This action isolates the risk to the situational awareness segment, suggesting that other AI-driven initiatives may remain unaffected unless similar loss patterns emerge.