Published on November 2nd, 2017 | by William Charles16
Chase & Starbucks To Launch Co-branded Credit Card
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:
- Chase Pay: Load Starbucks With $10+, Get 250 Bonus Stars (Two Free Drinks)
- [Targeted] Use Your Chase Marriott Card & Get 10% Back On Starbucks
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.