![]() Why Retailers Are Getting into the Debit Game Customers will be able to load their cards as they see fit, likely at Starbucks Stores or online. Second, this will be different from ‘linked’ debit cards. There will be card replacement fees, a 3% foreign transaction fee, and a legal processing fee in the event Chase needs to hold or pay out funds from a cardholder’s account due to a legal action. This will be done without a monthly service fee or reloading fee, common with many other prepaid debit cards. ![]() The reloadable card, dubbed "Starbucks Rewards Prepaid Card from Chase," aims to increase loyalty participation while providing a cash infusion for the company.ĭetails on the program-especially those surrounding star accumulation ( it will not be two stars per dollar as is done in store)-are still thin, but there are a few key points.įirst of all, this will be a prepaid debit card, not a credit card. Starbucks Goes into Prepaid DebitĬoming later in 2016, customers will be able to use a prepaid debit card at millions of locations across the United States and the world to earn stars as part of My Starbucks Rewards®. However, following this restructuring, the company announced a new partnership that further changes the way that customers receive rewards. ![]() ![]() After revamping its loyalty program, a decision that shifted member rewards from number of transactions to dollars spent, the restructured program left some customers seeing stars, so to speak. Prepaid Store Debit Cards: Will Starbucks Start a New Trend?Ī new trend is brewing-stores are moving to extend their loyalty and payment programs. ![]()
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