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Starbucks Visa Card

-45 Deal Score
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https://www.starbucks.com/starbuc...&cell=6J6L

$49 annual fee

Enjoy these new cardmember offers

2,500
Bonus Stars
after you spend $500 on purchases in the first 3 months from account opening.* That's 20 food or drink Rewards* you can redeem quickly and easily from your favorite participating Starbucks® store whenever you're ready.

250
Bonus Stars
the first time you use your Starbucks Rewards™ Visa® Card to digitally load your registered Starbucks® Card in your App.*
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Created 02-01-2018 at 04:49 PM by joncor17
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#2
$49 annual fee...
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#3
how many stars for 1 starbuck cup?
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#4
2500 stars is about 20 "free" drinks or about $90 on a $4.50 average drink. So it would pay for itself at least the first year.
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#5
Why would anyone actually get this card? Plenty of better options.
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Boot's Theory
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#6
Quote from 303
:
Why would anyone actually get this card? Plenty of better options.
The injitial bonus is good. Then bounce... 20 free drinks at 8-9 a drink is pretty awesome.

My wife and I share our free ones cause we will typically get a venti caramel macchiato with coconut milk and 4-6 extra shots in it... there's ways to maxi mmm our the free drink that make it worth it
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#7
Quote from joncor17
:
2500 stars is about 20 "free" drinks or about $90 on a $4.50 average drink. So it would pay for itself at least the first year.
If your average free drink is 450 you are doing it very very wrong
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Our community has rated this post as helpful. If you agree, why not rep bru_that?
#8
Quote from MysteriousKarma
:
If your average free drink is 450 you are doing it very very wrong
Are you using your free drink to get something that you like that is at the higher end of the *bucks price range (that you might not necessarily purchase), or are you simply trying to get the most expensive thing you can, because you can. If you are doing the latter, I would argue that's doing it wrong. Sure, one can do a bit better than an average $4.50 redemption - I typically get a venti mocha or caramel machiado w/an extra shot, that ends up around $5.50-6. But I will sometimes go for a nitro cold brew or clover/reserve coffee, which are both right around $4.50. It is all about redeeming for something that you like - at least from my POV, most of the folks that talk about maximizing redemption end up getting drinks that sound disgusting, but for the sake of bragging that they got a 'free' $10 drink.

And getting back to the OP... This card and signup bonus is so pathetic that I almost want to laugh at my desk - the fact that they are charging an annual fee on top of it is pretty damn hilarious! And I like Starbucks.
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Last edited by bru_that February 1, 2018 at 05:37 PM.

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#9
What a complete joke this card is. Obviously Starbucks and Chase know something about the average Starbucks customer.

Whether you patronize Starbucks or not, there are much more valuable uses of a hard pull than this card.
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#10
Quote from bru_that
:
Are you using your free drink to get something that you like that is at the higher end of the *bucks price range (that you might not necessarily purchase), or are you simply trying to get the most expensive thing you can, because you can. If you are doing the latter, I would argue that's doing it wrong. Sure, one can do a bit better than an average $4.50 redemption - I typically get a venti mocha or caramel machiado w/an extra shot, that ends up around $5.50-6. But I will sometimes go for a nitro cold brew or clover/reserve coffee, which are both right around $4.50. It is all about redeeming for something that you like - at least from my POV, most of the folks that talk about maximizing redemption end up getting drinks that sound disgusting, but for the sake of bragging that they got a 'free' $10 drink.
well yes, i do redeem it for what i like, but that's my free drink. if you're going to get a regular drink that you might get, then yes it's free and there is still some savings to be had here, with the card, but i feel like its a better use fo the stars to get a free sandwich (allowable) and or typically what will happen is my wife and i will share a free drink buy getting a venti caramel macchiato with coconut milk, and 4-6 extra shots of espresso... this maximizes the free drink, and we just share (so its essentially like two drinks =)
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#11
If you could get them to waive the first years fee, then this would be worth it. They do that with some AMEX fees; has anybody tried it?
Its actually 2750 Stars after you link the new card to your account. Plus another 125 stars for the initial 500 spend. So 2875 total.
I would do it for sure if the fee were waived, then just cancel after the years up.

BTW they used to have a Starbucks Visa. I know cause I had one. They got rid of it about 4 or 5 years ago. I guess whats old is new again. I remember when they canceled it, they sent me a booklet of 6 or 8 free drink coupons for my "inconvenience".
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Last edited by Fogmoose February 2, 2018 at 10:42 AM.
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#12
Quote from screenname
:
$49 annual fee...

^ This.

Why is there an annual fee? What makes this card so special? They would need something like 10% off all SB purchases (in addition to their Star Rewards program) to make it worth it...
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#13
Quote from joncor17
:
2500 stars is about 20 "free" drinks or about $90 on a $4.50 average drink. So it would pay for itself at least the first year.
Quote from MysteriousKarma
:
The injitial bonus is good. Then bounce... 20 free drinks at 8-9 a drink is pretty awesome. ...
Paying for itself over the course of a year, or only coming out a little ahead after fees, is actually a horrible value for a new credit card - hence all of the downvotes. On top of that, the earning rate for non-Starbucks purchases is bad (essentially 1% back) and the rewards lock you in to only Starbucks redemption. Heck, even the UBER card has no AF and better rewards structure.
Quote from MysteriousKarma
:
well yes, i do redeem it for what i like, but that's my free drink. if you're going to get a regular drink that you might get, then yes it's free and there is still some savings to be had here, with the card, but i feel like its a better use fo the stars to get a free sandwich (allowable) and or typically what will happen is my wife and i will share a free drink buy getting a venti caramel macchiato with coconut milk, and 4-6 extra shots of espresso... this maximizes the free drink, and we just share (so its essentially like two drinks =)
That is perfectly fair, and if you and you and your wife are on the same page re. drinks and can share that monster, all the better. My point is that yours is an edge case, and many of the people doing these high $ redemptions are doing it because they can, and not because that drink is something that they would otherwise want or buy at regular cost.

When looking at non-cash rewards like this, it is useful to consider whether you are using the reward for things that you would otherwise buy (and is worth the full $$ value of your redemption), or for something that you like, but would not otherwise buy in that frequency and at that price point (a reward that is not worth the full $$ of the redemption). If your answer is the latter, think of how often you would buy that thing (like that $9 coffee) and how much you would be willing to spend out of pocket for it. Then look at some of the other card options and their bonuses/reward earnings, and see if they make more sense.
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#14
What makes the $49 fee a joke is that all these stars expire 6 months after they have been granted.
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#15
Quote from mainomega
:
What makes the $49 fee a joke is that all these stars expire 6 months after they have been granted.
Has anyone read through all the benefits? Perhaps the expiration is waived for cardholders. And, perhaps their IS a 10% off all Starbucks purchases with the card. I can't be bothered doing the research, not that important. but thinking about it further....I do agree this card is probably not a good value as it stands...
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