Starbucks is an American-based coffee and roaster reserve chain that is the world’s largest and most authentic coffee house chain. The company’s headquarters are located in Seattle, Washington. The company is public and can be traded on the New York stock exchange. The company was founded in 1971 and has stores in 84 countries and has around 33,000 stores all over the world. The products which they sell are coffee beverages, smoothies, baked goods, sandwiches, and much more. The company has around 3,80,000 employees and has an annual revenue of USD 29 billion. The revenue model is increasing day by day. Let us know about “Starbucks Bonus Stars”
Starbucks Bonus Points
Starbucks is a shop that is known for its coffee and customer hospitality and to show their gratitude, they have taken out the concept of rewarding their customers with points every time they shop in the store. The rewards can be multiplied up to three times if the customer has the Starbucks Visa credit card, which is not only accepted in Starbucks but also everywhere Visa is accepted as a payment method. The rewards are given to the customers as rewards or bonus stars, which they can use for any type of discount or other option.
What Is The Procedure For Getting The Starbucks Visa Credit Card?
The steps are as follows:
- You will need to log in or sign up on the official website of Starbucks.
- Complete the setup and go to the application for the card section.
- They will ask you some personal and account-related questions.
- They will do a soft credit check on your account.
- The credit score of the person applying should be more than 680 or else getting the card is difficult and even if you do, the interest rate will be higher than usual.
- Once the check is done, which will take around 7 to 10 days, they will send the confirmation email and send the physical card to you in the next week or so.
What Are The Fees Associated With The Card?
The external fees associated with the Starbucks Visa credit card are:
- Annual fees: The customer will pay $0 in annual fees for the first year, which will increase to $49 in the second year.
- The fee will be $5 or 5% of the amount of the transaction, whichever is greater.
- Foreign transaction fees: the fee rate for converting dollars to any other currency will be 3% of the amount being transferred. The fees will be in dollars.
- The APR, or interest rate, on the card: the interest rate starts at 16% per year and goes up to 23% per year depending on the credit score of the customer. Some customers also get 0% interest for the first year if their credit score is above 800.
What Is The Welcome Bonus For The Cardholder, And How Will You Earn The Reward Stars?
The cardholder will receive 300 bonus stars the first time he/she uses the credit card for any purchase at Starbucks. They will also receive 2,500 stars if the customer spends around $500 at Starbucks in the first three months of possession of the credit card. The car will also get you rewards outside of Starbucks, but those rewards will be far less than the purchases made in Starbucks. The rewards will be updated in your Starbucks app wallet, and redemption will be limited to that app.
The customer will earn 3x stars for every dollar he/she spends paying by credit card on Starbucks’s rewards system. Every point at Starbucks is worth around 4 cents, so $25 spending will give you a discount of $1 for normal customers, but for credit card customers, every $8 spent will earn them a $1 discount. Outside of Starbucks, the customer will earn 1 star for every $2 they spend. The places where this offer is valid are grocery stores, gas stations, internet, cable, and phone bills. Other than this, if the person uses the card, he/she will receive only 1 star for every $4 they spend.
What Are The Benefits And Perks Of A Credit Card?
- The customer or cardholder will receive a complimentary drink from the company every month, which he/she will have 14 days to redeem.
- One free drink on my birthday.
- Purchase protection
- Trip cancellation protection This is because of the Visa card benefits the card has.
- The stars you earn will never expire, but the points you earn will expire every 6 months or 180 days for regular customers.
Conclusion
Now we have learnt “Starbucks Bonus Stars”, So the program, or the loyalty rewards system of Starbucks, is not bad for the normal customers as well as the credit card holders. The credit score required for the credit card is high because of the Visa benefits associated with the card.
FAQs:
- What will 200 stars get you at Starbucks?
For 200 stars, the customer can get a lunch sandwich, protein box, or salad for free.
