This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Starbucks has its eyes set on a new rewards program. In a statement, Starbucks detailed plans that it expects to continue to develop its Starbucks Rewards program, giving customers more choices for redemptions and payment.

“The company expects newer digital initiatives to contribute one to two points of comp growth in the US, supported by a redesigned Starbucks Rewards program that provides customers more choice around redemptions and payment, as well as expanded personalization capabilities for customers that have a digital relationship with the company,” the company said in a statement.

TPG reached out to Starbucks for comment on what the new program will entail but did not receive a response by time of publication.

In April 2016, Starbucks Rewards switched to a revenue-based loyalty program — a trend, especially in the airline loyalty program sphere. Currently, the program offers two levels of elite status: Gold and Green. To get Gold, you need to earn 300 stars. Each dollar spent at Starbucks is two stars, so you need to spend $150 in order to meet the minimum threshold. Green members, which is the entry level of status, get a free birthday reward, the ability to order ahead, free in-store refills, access to member events and the ability to pay by phone. Gold status, however, gives you those perks as well as monthly double-star days, a personalized gold card and a reward for every 125 stars.

According to the company’s statement, the number of Starbucks Rewards members is growing — up 13% from the previous year. In fact, Starbucks says that 2 million active Starbucks Rewards members have been added year-over-year to 15 million. The growth also comes alongside of the launch of Starbucks’ first credit card with Chase, which was launched in February.

As part of Tuesday’s statement, Starbucks noted that along with the new rewards program coming in 2019, it also plans to close approximately 150 underperforming stores.

Featured image by Zhang Peng/LightRocket via Getty Images.

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.