Starbucks is partnering with JPMorgan Chase to create a co-branded Visa credit card that will allow customers to receive Starbucks Rewards for purchases coffee-related and otherwise.
Despite the coffee giant blowing up the internet with a multitude of seasonal, secret and trendy drinks, this news comes after they fell short on their yearly earnings and needed to step up their game.
On top of a $49 annual fee, cardholders will automatically become members of the Starbucks Rewards program and receive a Gold Status as well as some other exclusive perks, including discounts and the ability to order ahead.
"Starbucks has a very robust rewards program for the coffee obsessed and this partnership with Chase and Visa is an extension of that," H Squared Research retail analyst Hitha (Prabhakar) Herzog, author of Black Market Billions, told The Daily Meal. "In addition, cardholders should look for points that rival or are better than the Chase Sapphire Premium Card."
Cardholders also receive 2,500 Stars (Starbucks' version of Points) if you spend $500 in the first 3 months (at Starbucks or elsewhere), plus one Star for every $4 you spend somewhere other than Starbucks year-round, according to their website. You're also promised up to eight free beverages or food items from Starbucks stores a year.
Thinking of all the things you could order with the new Starbucks credit card? Here are the healthiest items on the Starbucks menu.