Latest news with #ChaseUltimateRewards
Yahoo
06-08-2025
- Business
- Yahoo
Will JPMorgan-Coinbase Tie-Up Bring Crypto Closer to Mainstream?
The partnership between JPMorgan JPM and Coinbase Global COIN marks a pivotal step toward mainstream cryptocurrency adoption in the United States, combining the strengths of a leading global bank with one of the world's largest crypto exchanges to bridge traditional finance and digital will soon be able to connect their JPMorgan accounts directly to Coinbase wallets through a secure API, eliminating reliance on third-party aggregators. Starting fall 2025, Chase credit cards will support direct crypto purchases, and by 2026, users will be able to convert Chase Ultimate Rewards points into USDC, marking the first time a major rewards program is linked to a collaboration enhances compliance and security by embedding KYC and AML processes directly into JPMorgan's infrastructure. Bypassing aggregators reduces data privacy risks and allows the bank greater control over fiat-to-crypto flows. The partnership is also pioneering the use of stablecoins and tokenized bank deposits, with JPMorgan piloting its own deposit token (JPMD) on Coinbase's Base blockchain. This signals convergence between regulated finance and decentralized alliance between JPM and COIN signals broader institutional acceptance of crypto and paves the way for new applications, such as global payments and tokenized rewards, that blend traditional finance with blockchain innovation. This is expected to reshape the financial landscape and push cryptos further into the JPMorgan-Coinbase partnership will establish compliant, secure and highly accessible on-ramps from traditional banking and rewards ecosystems to the world of digital assets. This is likely to accelerate broader adoption of crypto for payments, investing and loyalty programs, while reinforcing bank-grade standards for safety and compliance in a rapidly maturing market. What Steps are Other Banks Taking Toward Crypto Adoption? JPMorgan is not the only bank that is foraying into the digital asset space. Many other banks, like Bank of America BAC and PNC Financial PNC, are also vying for a market share in this lucrative business. Bank of America is already laying the groundwork for a stablecoin, CEO Brian Moynihan revealed on the second-quarter earnings call. While client demand is still nascent, the Bank of America CEO noted the bank is prepared to move forward, likely in partnership, once adoption and timing align. 'You'd expect our company to move on that,' he to JPM, PNC Financial, in partnership with Coinbase, aims to expand secure and innovative crypto solutions for both retail and institutional clients. PNC Financial will provide select services to Coinbase while jointly developing regulated options that allow clients to buy, hold and sell cryptocurrencies via Coinbase's Crypto-as-a-Service platform. JPMorgan's Price Performance, Valuation and Estimates JPMorgan's shares have soared 16.8% in the past three months, outperforming the S&P 500 Index's gain of 13.1%. Image Source: Zacks Investment Research From a valuation standpoint, JPM trades at a 12-month trailing price-to-tangible book (P/TB) of 2.99X, above the industry average. Image Source: Zacks Investment Research The Zacks Consensus Estimate for JPMorgan's 2025 earnings implies a decline of 2.2% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 5.3%. In the past month, earnings estimates for 2025 and 2026 have moved 4.6% and 3.2% upward, respectively. Image Source: Zacks Investment Research JPM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
JPMorgan teams up with Coinbase
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: JPMorgan Chase has partnered with cryptocurrency exchange Coinbase, aimed at making buying crypto easier for the bank's customers, the companies said Wednesday. The initial phase of the partnership gives customers of both companies new capabilities, such as direct bank-to-wallet connection, which enables JPMorgan customers to link their bank accounts to Coinbase wallets using the lender's application programming interface. Chase is also allowing customers to transfer their Chase Ultimate Rewards points directly to Coinbase accounts at a 1:1 redemption ratio – 100 points equal to $1 in value – and use their accumulated rewards points to fund their Coinbase accounts. Dive Insight: Starting this fall, customers can also fund their Coinbase accounts using Chase credit cards, according to the press release. The direct bank-to-wallet and ultimate rewards features will go live next year, the companies said. 'By joining forces with Coinbase, we are enhancing the security and privacy of our customers' data, allowing them to use their money and rewards in new and exciting ways,' Melissa Feldsher, JPMorgan Chase's head of payments and lending innovation, said in a statement. 'Customers can now seamlessly and securely convert their points into cryptocurrencies.' Coinbase's partnership with JPMorgan comes almost a week after the crypto exchange announced it has teamed up with PNC to offer crypto-as-a-service. PNC customers soon will be able to buy, sell and hold crypto through Coinbase. 'Together, we are expanding choice and lowering barriers to entry for consumers to participate in the future of financial services onchain,' Max Branzburg, head of consumer and business products at Coinbase, said in a statement Wednesday. Emilie Choi, president of Coinbase, noted their partnership with Plaid remains active and that the Chase integration is meant to expand consumer options, not replace the existing ones. 'Our primary partner continues to be @Plaid whose efforts on open banking we deeply support,' Choi wrote on the social media platform X. JPMorgan CEO Jamie Dimon had hinted at the biggest U.S. bank's plans to get involved in both JPMorgan deposit coin and stablecoins, 'to understand it and be good at it,' when the bank reported second-quarter earnings earlier this month. 'I think they're real, but I don't know why you'd want a stablecoin as opposed to just a payment,' Dimon noted. Despite his skepticism, Dimon indicated JPMorgan plans to be involved in the space to 'be cognizant' and 'learning a lot.' Stablecoins are a type of cryptocurrency pegged to fiat currencies like the U.S. dollar. The tie-up comes amid escalating tensions between traditional banks and fintechs over consumer data access rights and associated costs. JPMorgan has sent notices to data aggregators recently to inform them of new fees for data access, which would be imposed as soon as September. The direct relationship with JPMorgan and fintechs could allow the latter to bypass traditional aggregators like Plaid and MX Technologies. Crypto billionaire Tyler Winklevoss has publicly opposed the policy and later said JPMorgan paused onboarding his crypto exchange Gemini in retaliation for his criticism, according to Bloomberg. In a recent note to Feldsher, a JPMorgan systems employee wrote in an internal memo that aggregators are accessing customer data several times a day, even when the customer is not actively using the app, thereby 'massively taxing' the lender's systems, CNBC reported. The gap between cryptocurrency and traditional finance is narrowing in 2025, driven by relaxed regulatory oversight and a push for comprehensive federal cryptocurrency legislation, as evidenced by the signing of the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law by President Donald Trump earlier this month. Several significant partnerships between traditional banks and crypto companies have emerged recently, such as BNY's announcement that it will custody reserves for Ripple's new stablecoin, Ripple USD. BNY previously established a similar partnership with Societe Generale for their CoinVertible USD stablecoin. In April, digital bank Green Dot said it would partner with to offer banking and money management tools to the crypto exchange's U.S. customers through the bank's embedded finance platform, Arc. Recommended Reading BM Technologies' Luvleen Sidhu bets on BaaS, bank charter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
30-07-2025
- Business
- Forbes
5 Ways The Chase Sapphire Preferred Makes Travel Easier
One of the things that sets the Chase Sapphire Preferred apart from other travel rewards cards is its participation in the Chase Ultimate Rewards® program. These flexible points are valuable regardless of how you redeem them: toward travel, transferred to airline and hotel partners or even cash back. Most other programs only offer one or two of these options at a fair value. Cash redemptions are worth a full cent per point, but as a traveler, you'll likely find the other redemption options more exciting. You can easily upgrade your points value by 25%, to 1.25 cents per point, when redeeming points for trips booked with Chase Travel. Nearly all flights, hotels, car rentals, cruises and even some activities are available with this option. Point enthusiasts will instead lean into the option to transfer Ultimate Rewards to partnering airline and hotel programs. Many of these transfers can lead to even higher yields if you're strategic. Chase Ultimate Rewards Partners
Business Wire
30-07-2025
- Business
- Business Wire
JPMorganChase and Coinbase Launch Strategic Partnership to Make Buying Crypto Easier than Ever
NEW YORK--(BUSINESS WIRE)--Today, JPMorganChase (NYSE: JPM) and Coinbase (NASDAQ: COIN) announced a strategic partnership that sets a new standard for customer choice and security in the innovation economy. This collaboration introduces features designed to enhance access and optionality for our mutual customers. The initial phase of the partnership includes new features for mutual customers, including: Direct Bank-to-Wallet Connection: Through JPMorgan's secure API, Chase customers will be able to seamlessly link their bank accounts to Coinbase wallets. This direct connection will help mutual customers transact with the confidence, security, and privacy they're used to as customers of Chase. Transfer of Chase Ultimate Rewards Points: Chase customers will be able to transfer their Chase Ultimate Rewards points to their Coinbase Account at one-to-one redemption ratio (100 points equals $1.00 in redemption value). This marks the first time a major credit card rewards program will be used to fund a crypto wallet. Beginning this Fall, the ability to use Chase credit cards on Coinbase: For the first time, customers will have the ability to fund their Coinbase accounts using Chase credit cards. We expect these direct bank-to-wallet and Ultimate Rewards features to go live in 2026, and the ability to use credit cards to fund a Coinbase account in Fall 2025. 'This partnership marks a significant step forward in empowering our customers to take control of their financial futures,' said Melissa Feldsher, Head of Payments and Lending Innovation for JPMorganChase. 'By joining forces with Coinbase, we are enhancing the security and privacy of our customers' data, allowing them to use their money and rewards in new and exciting ways. With Ultimate Rewards, the most flexible loyalty program in the industry, our customers can now seamlessly and securely convert their points into cryptocurrencies." 'We're excited to partner with JPMorganChase to onboard the next generation of consumers into crypto. Together, we are expanding choice and lowering barriers to entry for consumers to participate in the future of financial services onchain,' said Max Branzburg, Head of Consumer & Business Products at Coinbase. About Coinbase Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We're updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world. About JPMorgan Chase JPMorgan Chase (NYSE: JPM) is a leading global financial services firm based in the United States of America ('U.S.') with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. Under the J.P. Morgan and Chase brands, the firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional, and government clients globally. For more information, visit
CNBC
08-07-2025
- Business
- CNBC
Chase Sapphire Reserve for Business review: A $795 card with travel and business statement credits
The Chase Sapphire Reserve for BusinessSM (see rates and fees) is Chase's newest business card that brings premium benefits and uncapped rewards at a hefty price. While the card does carry an annual fee of $795, it can be offset by offering over $2,500 in value a year, from travel benefits to business tools. Here's a full review on the card so you can decide if it's a good fit for your business needs. On Chase's site On Chase's site Cardmembers can earn 200,000 points after spending $30,000 on purchases in the first six months of account opening Good to Excellent670–850 Flex for Business APR: 18.49% - 26.49% Variable $795 Earn 200,000 bonus points See rates and fees. Terms apply. Member FDIC. The Chase Sapphire Reserve for Business brings over $2,500 in value to business owners who value travel and premium experiencesNew Chase Sapphire Reserve for Business cardholders can earn 200,000 points after spending $30,000 on purchases in the first six months of account opening. Since Chase Ultimate Rewards® points are valued by experts at roughly 2 cents per point, this bonus can be worth up to $4,000, if you maximize it. The Chase Sapphire Reserve for Business comes loaded with premium statement credits and perks, totaling over $2,500 in value each year. There are a handful of additional credits after spending $120,000 in a calendar year on the card: On top of the pure value from statement credits, the Sapphire Reserve for Business has a handful of other features that could be useful: The Chase Sapphire Reserve for Business doesn't limit your maximum earnings in any of its reward categories and earns in the form of Chase Ultimate Rewards points. While these are fairly standard offerings for a business card, the fact that you can earn an unlimited 3X points on social media and search engine advertising could be a nice benefit for many businesses looking to increase their marketing reach. And the 4X points for flights and hotels booked directly can be a nice fallback if the options currently available through Chase Travel don't fit your needs. Chase Ultimate Rewards can be redeemed in several ways, including as statement credits or gift cards, but often the most value comes when you transfer them to one of Chase's 14 travel partners. The partners include 11 airlines and 3 hotels: One of the nice parts about transferring points with Chase is that all the points transfer at a 1:1 ratio, regardless of the partner you're moving points to. Which airline or hotel you ultimately choose will depend on where you're headed but some partners, like United MileagePlus and World of Hyatt, offer more options. The Sapphire Reserve for Business will also be a part of Chase's new Points Boost feature. This allows Reserve cardholders to redeem their rewards for up to 2X when booking select top hotels and flights through Chase Travel. The Chase Sapphire Reserve for Business has one of the highest annual fees at $795. There are no foreign transaction fees. Here's how the Sapphire Reserve for Business stacks up against other premium business travel cards. On the American Express site On the American Express site The Business Platinum Card from American Express' welcome bonus is one of the most valuable offers available right now. Good to Excellent670–850 18.49%-29.24% Variable $695 Welcome Offer: Earn 150,000 Membership Rewards® points See rates and fees, terms apply. Read our Amex Business Platinum review. The Business Platinum Card from American Express is a premium business card loaded with statement credit offers for business services and travel that help justify its steep annual Business Platinum Card® from American Express offers a similar format to the Sapphire Reserve for Business card, with a lot of the value tied to statement credits. With a slightly lower annual fee of $695 (see rates and fees), Amex's Business Platinum Card offers a flat 1.5X points on eligible purchases in several key business categories, or purchases of $5K or more. The card offers over $2,000 in travel and business value each year, and it provides complimentary access to over 1,400 airport lounges globally, including The Centurion Lounge. Information has been collected independently by CNBC Select Information has been collected independently by CNBC Select Excellent740–850 N/A $395 Earn up to 150,000 bonus miles Terms apply. Information about the Capital One Venture X Business Credit Card has been collected independently by CNBC Select and has not been reviewed or provided by the issuer of the card prior to publication. The Capital One Venture X Business Credit Card has all the benefits you expect with a premium business card, including flexible travel rewards, airport lounge access and travel insurance. If you're interested in a business travel card with a lower annual fee, the Capital One Venture X Business Credit Card could be a good option. The card's annual fee is only $395, which is $400 less than the Sapphire Reserve for Business, plus you'll earn an unlimited 2X miles on every purchase. The Venture X Business offers complimentary access to Priority Pass lounges, an annual $300 credit for bookings through Capital One Travel and the option to transfer miles to one of Capital One's 15+ travel partners. The Chase Sapphire Reserve for Business is a great card for business owners who are looking for a premium travel card. The card comes with a high annual fee and some larger spending requirements to meet additional bonuses, but worth it if you'll use the credits and perks. It's also great for businesses looking to extend their digital footprint and earn 3X points on social media and search engine advertising. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
