Starbucks and Chase Launch Starbucks Rewards™ Visa® Card
February 01 2018 - 9:00AM
Business Wire
Seamless integration with Starbucks Rewards™
loyalty program brings customers fast, frequent Rewards earned
through everyday spending
Starting today, the card unlocks the ability to
earn Stars both in and out of Starbucks® stores wherever Visa is
accepted worldwide
Today, Starbucks (NASDAQ: SBUX) and Chase (NYSE: JPM) announce
the availability of the Starbucks Rewards™ Visa® Card, a co-brand
credit card integrated directly into the Starbucks Rewards™ loyalty
program. Customers using the card earn Stars with every purchase
both in and out of Starbucks stores wherever Visa is accepted
worldwide, and can be redeemed for food and beverage items at more
than 8,000 participating* Starbucks locations. Cardmembers will
also become members of the Starbucks Rewards loyalty program,
receiving exclusive perks and benefits already enjoyed by more than
14 million members daily.
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the full release here:
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Starbucks Rewards™ Visa® Card Calculator
(Graphic: Business Wire)
“It’s important to us to make earning Rewards as easy for our
customers as possible, and the Starbucks Rewards Visa Card is a
powerful tool for us to do that because of how easily it fits into
their daily lives,” said Matt Ryan, executive vice president and
chief strategy officer for Starbucks. “This credit card also makes
every day more rewarding for Starbucks and Chase customers through
the ability to quickly earn Stars and benefits - including more
food and beverage Rewards for any occasion.”
“We want to give cardmembers who can’t live without their
Starbucks beverage an easy way to earn more Rewards,” said Jennifer
Roberts, head of Digital Products for Chase. “The Starbucks Rewards
Visa Card lets them earn Stars on every purchase they make so their
next cup is that much more rewarding.”
Cardmembers will receive a physical card within 7-10 days of
their application being approved, and a digital card will be
immediately loaded into the Starbucks® mobile app for customers to
start earning Stars right away.
New cardmembers can enjoy the following benefits:
- New Cardmember Offer: 2,500
Stars after spending $500 on purchases in the first 3 months from
account opening (equal to 20 food or beverage items)
- Bonus Stars: 250 Stars when
using their Starbucks Rewards™ Visa® Card to load their registered
Starbucks Card within the Starbucks® mobile app for the first
time
- More Stars:
- 1 Star for every $4 spent outside of
Starbucks stores
- 1 Star for every $1 digitally loaded to
their registered Starbucks Card in the Starbucks® mobile app, using
their Starbucks Rewards™ Visa® Card, in addition to the 2 stars per
$1 earned when paying with their registered Starbucks Card as a
member of the Starbucks Rewards™ loyalty program
- Instant Gold Status: Cardmembers
will automatically receive Gold Status within the Starbucks
Rewards™ program
- 8 Barista Picks: Curated food or
beverage Rewards selected by baristas and automatically loaded to
the cardmembers Starbucks Rewards account
Starbucks Rewards™ Visa® Card has an annual fee of $49. To apply
for the Starbucks Rewards Visa credit card, visit
starbucks.com/visacard.
The new credit card is an expansion of the ongoing relationship
between the two companies. 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. A second
co-branded product, the Starbucks Rewards™ Visa® Prepaid Card will
launch later this year.
For more information about the Starbucks Rewards™ Visa® Card,
including pricing, terms and conditions, click here.
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.
*At participating stores. See Starbucks.com/terms for
details.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180201005312/en/
StarbucksMaggie Jantzen,
206-318-7100press@starbucks.comorChaseLauren Ryan,
212-270-4435lauren.f.ryan@jpmorgan.com
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