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Love caffeine like you love points, miles and credit cards? You’re in luck. Starbucks announced on Thursday that it will launch a co-branded Chase credit card this winter. Yes, you’re about to get more rewards for your Starbucks addiction.

According to Starbucks CEO Kevin Johnson, the coffee giant plans to launch a co-branded credit card with Chase and Visa this winter. Eventually, the company intends to also launch a prepaid card, but the credit card remains a priority.

At this point, there are few details known about the actual card and what it will offer consumers. The only details that Johnson released on Thursday were that it would allow Starbucks customers to earn rewards in the form of Starbucks Rewards, the company’s loyalty program, for their purchases — both at the chain and elsewhere.

Johnson said that the decision to launch a credit card is connected to Starbucks’ continued effort to up its loyalty game. The Starbucks Rewards program offers two levels of status: Green and Gold. Each dollar spent at Starbucks is worth 2 stars, and Gold status requires 300 stars in a year. Green members earn a free birthday reward, the ability to order ahead, free in-store refills, member events and the ability to pay by phone. Gold status offers all of the benefits as Green does with the addition of monthly double-star days, a personalized gold card and a reward for every 125 stars earned. Frequently, the Starbucks Rewards program offers a promotion that allows customers to get Gold status after just one purchase.

While details on the Starbucks credit card are pretty scarce at this point, for those who are big on loyalty — and coffee — there are plenty of possibilities. One thing to look at from a credit card maximization point of view is that the Starbucks card will have to offer cardholders enough return in order to lure them away from using a premium credit card, such as the Chase Sapphire Reserve Card, which offers 3x points on dining. As long as the Starbucks co-branded Chase card offers cardholders a good return and valuable rewards, this card could prove to be a game changer.

Featured image by Robert Alexander / Getty Images.

The Business Platinum® Card from American Express OPEN

LIMITED TIME OFFER. Aside from the 100,000 points welcome bonus (available until 8/8/18), Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.

Apply Now
More Things to Know
  • Limited Time Offer: Earn up to 100,000 Membership Rewards® Points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 & an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership. Offer ends 8/8/18.†
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2017
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$450
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

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