Starbucks and Chase Introduce Starbucks Rewards™ Visa® Prepaid Card
June 11 2018 - 10:48AM
Business Wire
Second co-branded product, with no monthly,
annual or reload fees, brings customers more opportunities to earn
Starbucks Rewards, everywhere Visa is accepted
Today, Starbucks (NASDAQ: SBUX) and Chase (NYSE: JPM) announced
the availability of the Starbucks Rewards™ Visa® Prepaid Card, the
first prepaid or debit product where you can earn Stars outside of
Starbucks. It is the only general purpose reloadable (GPR) prepaid
product that allows you to earn Stars for purchases you make with
the card, with no monthly, annual or reload fees1. The second
co-branded product introduced by the companies this year, the
Starbucks Rewards™ Visa® Prepaid Card is a unique financial
solution for a growing population of customers looking for
alternative tools for money management while earning Starbucks
Rewards in all places Visa is accepted.
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the full release here:
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Starbucks Rewards™ Visa® Prepaid Card
(Photo: Business Wire)
Integrated directly into the Starbucks Rewards™ loyalty program,
customers who use the Starbucks Rewards™ Visa® Prepaid Card will
automatically receive Gold Status, earn Stars with spend and become
eligible for Birthday Rewards, free food and beverage items from
Starbucks, and more including exclusive perks and benefits already
enjoyed by more than 14 million members daily.
“We want to offer Starbucks customers a flexible card that
delivers more Star-earning potential in the fastest way possible,”
said Jennifer Roberts, head of Digital Products for Chase. “The new
Starbucks Rewards™ Visa® Prepaid Card is perfect for Starbucks fans
who want a simple way to pay and get rewarded for everyday
purchases.”
Benefits of the Starbucks Rewards™ Visa® Prepaid Card
include:
- Bonus Stars: 125 Bonus Stars the
first time you use your Starbucks Rewards™ Visa® Prepaid Card to
load $10 or more to your registered Starbucks Card (equal to one
food or drink Reward)2
- More Stars: 1 Star for every $10
on purchases made with the Starbucks Rewards™ Visa® Prepaid Card,
everywhere Visa is accepted
- Instant Gold Status: Cardholders
will automatically receive Gold Status within the Starbucks
Rewards™ program
- No Monthly, Annual or Reload
fees1
- Chase Zero Liability
Protection
- FDIC Insured
“As we continue to expand and strengthen our digital
relationships with customers, we want to make sure we’re providing
choices that are both rewarding and meet their preferences in how
they engage with us,” said Matt Ryan, chief marketing officer for
Starbucks. “This reloadable Visa Prepaid card is a unique and
modern option that gives customers one more way to earn more Stars
and Rewards through everyday spend, in a way they haven’t been able
to before.”
General Purpose Reloadable Cards have seen an increase of usage
in recent years, with a growing population of customers adding
prepaid products as money management tools for everyday purchases,
as well as to better manage their financial lives3.
The Starbucks Rewards™ Visa® Prepaid Card is the second
co-branded product introduced by Starbucks and Chase this year,
following the launch of the Starbucks Rewards™ Visa® Card in
February. Chase Merchant Services is the payment processing partner
for Starbucks stores in the U.S. and Canada, and Chase Pay is
accepted at participating Starbucks stores in the U.S., as well as
through the Starbucks mobile app.
For more information about how to apply for the Starbucks
Rewards™ Visa® Prepaid Card, including terms and conditions, click
here.
1Other Fees May Apply
2Limited Time Offering, through 2018
3FDIC 2015 National Survey of Unbanked and Underbanked
Households, October 2016
About Starbucks Coffee Company
Since 1971, Starbucks Coffee Company has been committed to
ethically sourcing and roasting high-quality arabica coffee. Today,
with more than 28,000 stores around the globe, Starbucks is the
premier roaster and retailer of specialty coffee in the world.
Through our unwavering commitment to excellence and our guiding
principles, we bring the unique Starbucks Experience to life for
every customer through every cup. To share in the experience,
please visit our stores or visit news.starbucks.com and
Starbucks.com.
About Chase
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE: JPM), a leading global financial
services firm with assets of $2.5 trillion and operations
worldwide. Chase serves nearly half of America’s households with a
broad range of financial services, including personal banking,
credit cards, mortgages, auto financing, investment advice, small
business loans and payment processing. Customers can choose how and
where they want to bank: 5,100 branches, 16,000 ATMs, mobile,
online and by phone.
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StarbucksMedia Relations
Hotline206-318-7100press@starbucks.com
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