Chase Starbucks Credit Card Rewards Details Leaked

Card has now launched, read our full review here.

Update 01/31/18: Looks like the reward details of this card have been leaked. Card will earn at the following rates:

  • 1 star for every $4 spent outside of Starbucks
  • Up to 3 stars for every $1 spent in Starbucks stores
  • 8 Barista picks for card members throughout the year (‘barista cultivates a special drink just for you’
  • Gives you gold status immediately

A free item costs 125 stars so the value you’ll get will depend on how much that item costs. You’ll need to spend $500 outside of Starbucks to get a free reward, if you put that same spend on a 2% credit card you’d earn $10. So there is very little/no value there. It’s hard to determine how good ‘up to 3 stars for every 1 spend in Starbucks stores is’ as it’s up to 3 stars. If it was 3 stars on all spend at Starbucks that would be a free item for every $41.66 you spent (plus the rewards you’d normally earn of 2 stars per $1 spent).

It also isn’t 100% clear what the Barista picks are. Are they a complimentary item or just a special menu item cardholders can purchase?

Update 01/30/18: In Starbucks most recent earnings call Starbucks CEO Kevin Johnson provided some additional details regarding the card:

  • In partnership with Chase and Visa, we are launching a co-branded credit card in February. These customers will earn Stars at an accelerated rate at Starbucks as well as earn Stars everywhere else they shop.
  • In April also with Chase and Visa, we are launching a co-branded stored value card targeted to customers who don’t want or can’t qualify for credit cards. This card will also let customers earn Stars wherever Visa is accepted.
  • In March, we are launching a significant marketing initiative to sign up customers for special offers outside of Starbucks Rewards, with only 14 million of the 75 million or so unique customers, who visit us each month signed up for Rewards, we have a tremendous opportunity to leverage our new digital technologies to initiate and advance additional direct digital relationships.

Original post: Starbucks has announced that they plan to have a co-branded card with Chase this winter and a prepaid card at some stage later. In early 2016 Chase & Starbucks said a prepaid card would be launched by years end but that product never materialized. Both the prepaid and credit card will allow customers to earn Starbucks reward when they spend. The exact earning structure of this card is unclear at this stage. Chase didn’t have any additional comments or information to share, Starbucks provided this statement:

  • …we will be launching new financial service products in the U.S. with Chase. The first product, launching this winter, will be a co-branded Visa credit card, enabling customers to receive Starbucks Rewards with their purchases both in, and out of Starbucks stores. The second product, a prepaid Visa card we have discussed on prior earnings calls – will be introduced shortly thereafter. Both products will offer a rich rewards proposition for customers and we look forward to sharing additional details as the products come available.

Chase has offered some deals in partnership with Starbucks in recent time, for example:

Starbucks did have a co-branded card in the past called Duetto, this was launched in 2003 and discontinued in 2010 and was issued by Bank One (now part of J.P. Morgan Chase). This card earned 1% Duetto dollars on all purchases and 3% Duetto dollars on Starbucks gift card reloads.

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Debbie
Debbie (@guest_558470)
February 7, 2018 14:04

Via email received, here is an explanation of Barista Picks:
Barista Picks
As a Starbucks Rewards Visa cardmember, you will receive eight (8) complimentary food or beverage items (“Barista Picks”) as described below in each twelve (12) month period beginning 45 days following the opening of your account. Each Barista Pick is available as a coupon automatically loaded to your Starbucks Rewards account which may be redeemed for one (1) complimentary item at a participating Starbucks store as described in the terms of the applicable Barista Pick coupon. Substitutions and customizations are not allowed unless specifically permitted by the Barista Pick coupon. Barista Picks cannot be redeemed for cash or Stars. Each Barista Pick expires 30 days after it has been loaded onto your Starbucks Rewards account. If you have provided us with a current, valid email address, you will receive an emailed notice that the Barista Pick has been loaded to your account. One Barista Pick will be loaded approximately once every six (6) weeks. You must present your registered Starbucks Card to the barista at a participating Starbucks store in order to redeem your Barista Pick. The Barista Pick benefit will be awarded as a single coupon valid for one-time use, regardless of the number of authorized user cards associated with your Starbucks Rewards Visa account.

Neutralist
Neutralist (@guest_556475)
February 1, 2018 12:20

Hopefully we will get free PokeCoins from Pokemon GO for spending in Starbucks with this card… need to buy more Raid Passes in the game…

Elias
Elias (@guest_556465)
February 1, 2018 12:05

Confirmed. This is the worst chase card and one of the worst in history. You only get 1 point every $4 and on starbucks you only get 1 point per $ when you load online, not even in store. You are much much better of with any other credit card like the costco 4% or the CSR 3x or citi prestige 3x. Oh and the card has a joke $49 AF!!!!! Seriously this card is for retarded people, it reminds me of the gamestop credit card.

stampman
stampman (@guest_556514)
February 1, 2018 13:13

Makes the Kroger 1-2-3 card look good.

MarkJ
MarkJ (@guest_556335)
February 1, 2018 02:00

Waiting for the first newbie to report a chase shutdown because they applied for this card.

Paul
Paul (@guest_556303)
February 1, 2018 00:16

Gives you gold status immediately, LOL

TC
TC (@guest_556393)
February 1, 2018 09:29

I mean hopefully this will make Starbucks revamp their “Gold” status…

RAM
RAM (@guest_556264)
January 31, 2018 23:01

I used my signup drink reward to order a $15-16 drink, do the math!
Just a fun experience to laugh about.

Vy
Vy (@guest_556211)
January 31, 2018 21:49

I don’t understand the third bullet point about “special offers outside of Starbucks Rewards, with only 14 million of the 75 million or so unique customers”.

Except for the identical twins, aren’t we all unique?

NinjaX
NinjaX (@guest_556210)
January 31, 2018 21:48

this is such BS. this card isnt metal and no priority pass. u just lost a customer.

TC
TC (@guest_556392)
February 1, 2018 09:28

haha

SF
SF (@guest_556198)
January 31, 2018 21:06

I’m hoping the 1 star for $4 spent outside Starbucks is a mistake… That’s an extremely abysmal earning rate.

The base rate for purchases at Starbucks is 2 star per $1, and normally I earn 3-7 points per $1 due to the various promos they hold for bonus stars, so this card is definitely not worth getting for me.

Wisco
Wisco (@guest_556175)
January 31, 2018 20:22

I have a feeling the “up to 3 starts per $ at Starbucks” means you will get 1 star per dollar on the card, and 1-2 additional stars for being a Starbucks member (1) or 2 for being gold. All around though, definitely not worth a 5/24 much less a HP.

Rene
Rene (@guest_556358)
February 1, 2018 03:57

Sounds reasonable, but doesn’t it clash with gold membership being a perk of the card?

calwatch
calwatch (@guest_556359)
February 1, 2018 04:05

It could be a tiered system based on Starbucks spend. So 1 additional star for spend between $500-$1000, and 2 additional stars for spend over $1000 a year (as an example – not that difficult to spend over $1000 a year at Starbucks if you go daily and take occasional meals there).

I value Starbucks stars mentally at 5 cents a star, since I usually get a venti sized specialty drink with add ins that cost $6.25, or a sandwich or salad which costs about $6 (although they have $7.95 salads now which aren’t substantively better than a $5 fast food salad). At the maximum point that is 25% off each purchase at Starbucks when you use the card. The problem is that Starbucks credit is ubiquitous and cheap when purchased on the online exchanges.