Starbucks Corporation (NASDAQ:SBUX) has announced that it is launching a new Starbucks Visa Card.
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Here are a few things to know about the new Starbucks Visa Card.
- Those that sign up for the new card will instantly get Gold status for Starbucks Rewards.
- Customers will earn one star for every $4 that they spend outside of SBUX locations.
- They will also get two stars for every $1 spent at a Starbucks location.
- In addition to this, customers can get another one star for every $1 they digitally load to their registered Starbucks Card in the mobile app when using the Starbucks Visa Card.
- Cardholders will also get a bonus 250 stars the first time they use the Visa card to load their Starbucks Card through the mobile app.
- Another one-time benefit available for cardholders is 2,500 Stars if they spend $500 with the card within the first three months, which is the equivalent of 20 food or beverage items.
- Card members will also see curated food or beverage rewards chosen by baristas that will be loaded to their Starbucks Rewards accounts.
- Starbucks is teaming up with JPMorgan Chase & Co. (NYSE:JPM) for the new co-branded Visa Inc (NYSE:V) card.
- Those that sign up for the new Starbucks Visa Card will get a digital one instantly and a physical one within seven to 10 days.
- Cardholders will also be required to pay a annual fee of $49 for the card.
You can follow this link to learn more about the Starbucks Visa Card.
As of this writing, William White did not hold a position in any of the aforementioned securities.
