Starbucks Rewards Visa Review

Card Details	The Offer	Is it Worth It?
Pros and Cons	Why 4 Stars?	Fees
Benefits

Card Details

Regular APR:	17.74 – 24.74 (Variable)
Intro APR (Purchases):	None
Intro APR (Balance transfers):	None
Rewards Rate:	Earn up to 3 Stars per $1 spent at Starbucks stores: 1 Star per $1 when digitally loading your Starbucks Card with your Starbucks Rewards Visa Card (excludes money added at the register), plus 2 Stars per $1 spent when that Starbucks Card is used to pay at Starbucks stores Earn 1 Star per $2 you spend at grocery stores, on local transit and commuting, and on internet, cable, and phone services Earn 1 Star per $4 you spend outside of Starbucks stores
Credit Needed:	(670 – 850) Good/Excellent
Annual Fee:	$49
Card Brand:	Visa

*See online credit card application for details on the terms and conditions.

Offer Highlights

• Click APPLY NOW to apply online
• Earn 6,500 Bonus Stars after you spend $500 using your Starbucks Rewards Visa Credit Card anywhere in the first 3 months from account opening
• Put your daily life – like rideshare services and grocery store purchases – on your Starbucks Rewards Visa Card to collect Stars faster. Earn 1 Star per $2 you spend at grocery stores, on local transit and commuting, and on internet, cable, and phone services
• Earn up to 3 Stars per $1 spent at Starbucks stores: 1 Star per $1 when digitally loading your Starbucks Card with your Starbucks Rewards Visa Card, plus 2 Stars per $1 spent when that Starbucks Card is used to pay at Starbucks stores
• We’ll send you 8 Barista Picks throughout the year – food and drinks we love, curated just for you. Exclusive to your Starbucks Rewards Visa Card. Consider it a “just because” benefit
• Earn 300 Bonus Stars the first time you use your Starbucks Rewards Visa Card to add money to your Starbucks account

Is Starbucks Rewards Visa worth it?

Starbucks Rewards Visa is a solid card for Starbucks fans. You will earn stars and 50 stars can be redeemed for a Brewed hot coffee, bakery item or hot tea and 150 can be redeemed for a custom drink, hot breakfast or parfait.

You earn 6,500 Bonus Stars after you spend $500 using your Starbucks Rewards Visa Credit Card anywhere in the first 3 months. That’s 6500 / 150 = more than 43 custom drinks. If you value a drink at $5, that’s more than $200 of value, and a single star is worth $5 / 150 = more than three cents. That’s great the first year, but there?s a $49 annual fee.

If you really like Starbucks, this is a great card for you, you just have to buy 100 drinks for it to make financial sense. For example, let’s assume you earn the full 3 stars per $1 when you go to Starbucks and use this card. That’s 1 Star per $1 when digitally loading your Starbucks Card with your Starbucks Rewards Visa Card plus 2 Stars per $1 spent when that Starbucks Card is used to pay at Starbucks.

To get $50 of value or more to cover the annual fee you would have to earn $50 / $5 = 10 free drinks x 150 stars = 1500 stars. You could earn 1500 stars by spending 1500 stars / 3 stars per $1 = $500 annually on $500 / $5 = 100 custom drinks.

Of course, it?s not always about the payoff, sometimes there are side perks, like getting Barista Picks recommended for you by being a cardholder. In either case, this is a great card for people who go to Starbucks a few times a week or enjoy getting recommendations from Baristas.

Pros

• Stars earned do not expire as long as your Starbucks Rewards Visa Credit Card account is open
• 8 Barista Picks throughout the year – food and drinks we love, curated just for you

Cons

• $49 annual fee
• Grocery stores, local transit and commuting, and internet, cable, and phone services rewards rate of 1 Star per $2 is not great, even if stars are worth 3 cents, that’s 1.5% back and it?s not cash, it’s Starbucks stars

Why 4 Stars?

Regular APR

4 Stars

Intro APR

4 Stars

Fees

4 Stars

Perks

5 Stars

Overall

4 Stars

Fees

Foreign Transaction Fee	None
Balance Transfer Fee	Either $5 or 5% of the amount of each transfer, whichever is greater
Cash Advance Fee	Either $10 or 5% of the amount of each transaction, whichever is greater
Penalty APR	None

Benefits

$0 Fraud Liability

Auto Rental Collision Damage Waiver

Extended Warranty Program

Lost Luggage Reimbursement

Purchase Protection

Roadside Assistance

Travel Accident Insurance

Travel and Emergency Assistance

Trip Cancellation/Interruption Insurance

Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.

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