# Chase launches Invest Your Points at 1 cent per point

_Sep 18 18:07_

Tags: Chase, airline, hotel, credit card

Type: Program change

## Summary

Chase now lets Sapphire, Freedom and Ink cardholders redeem Ultimate Rewards at 100 points per dollar as cash into an eligible J.P. Morgan investment account. The new option appears under Convert to Cash on the Ultimate Rewards page as Invest Your Points.

Redemptions go only to a J.P. Morgan Self-Directed Investing account or certain taxable advisor-managed J.P. Morgan accounts. Cash is generally ready to invest in 3 business days after the redemption is submitted. Cardholders complete it on Chase.com or the Chase app by selecting a card and an eligible account, then a point amount. Redeeming 50,000 points deposits $500.

Ignore Invest Your Points unless an eligible J.P. Morgan brokerage already needs cash; partner transfers remain the better use of Ultimate Rewards.

## Key facts

- **Numbers**:
  - 100 points: points equal to $1 cash
  - 1 cent cents per point: redemption rate
  - 50,000 points: example redemption amount
  - $500: cash deposited for 50,000 points
- **Who qualifies**: Cardholders in the Chase Sapphire, Freedom and Ink portfolios with an eligible J.P. Morgan Self-Directed Investing account or certain taxable advisor-managed J.P. Morgan accounts
- **Takeaway**: Ignore this unless you already want cash in an eligible J.P. Morgan brokerage; partner transfers still look like the better use of points.

## Sources cited

- [Miles to Memories](https://milestomemories.com/chase-launches-invest-your-points) — Chase Launches “Invest Your Points” for Ultimate Rewards Cardholders

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