Starbucks Credit Card Review | Starbucks Deutto Visa Card
Which Starbucks Credit Card Should You Get?
Summary - The Starbucks Card DuettoTM Visa® is a visa card account and a Starbucks card account combined into one card. We recommend the Starbucks Card Duetto™ Visa® to the regular Starbucks customer who already owns a Duetto Card because they can earn faster Duetto Dollars. The key features of this card are
- You earn 1% in Starbucks Duetto dollars for every dollar you spend
- If you sign up for an optional gift subscription feature using the Visa account of your Duetto card, you can earn 3% in Duetto Dollars on Gift Subscription purchases
- You earn 3% Duetto Dollars if you sign up for an auto-reload feature, which essentially uses your visa account to reload your Duetto account once your Deutto account falls below a certain threshold
- Duetto Dollars you earn are automatically loaded into the Duetto card account which you can use at any Starbucks outlet for a hassle-free starbucks purchase
- You can load additional Deutto Dollars into your card (much like a debit card)
Let us look at this card in more detail.
Reward Formula - The Starbucks Card DuettoTM Visa® is actually a visa card and a Starbucks Duetto "debit" card combined into one. You can use the card like a visa card, earn "Duetto Dollars", which are transfered into the Duetto account. You can 1% Duetto Dollars on your visa purchases. If you subscribe to the auto-load service, which automatically loads your Duetto account if it falls below a certain threshold, you can earn 3% Duetto Dollars for every dollar that is "loaded" into your Duetto account. You can join the optional gift subscription feature and earn 3% Duetto Dollars each time you make a gift subscription purchase.
Fees and Rates - The Starbucks Card DuettoTM Visa® has no annual fee. The apr is either prime rate plus 5.99%, 9.99% or 14.99% depending on your credit. This card uses the average daily balance method (including new purchases) of calculating monthly balances. You also get a 0% apr for six billing cycles on both purchases and balance transfers.
Other Cards That Let You Redeem For Starbucks Gift Card
If you are not really a starbucks junkie, but want to occasionally want to get free starbucks gift cards, there are a couple of reward programs that have Starbucks as their gift card partners. For example, the Citi ThankYou Rewards allow you to exchange ThankYou points for starbucks gift cards. Cards like the Citi ThankYou Preferred Card, Citi Forward Card, and their student cards like the Citi Forward Card For College Students and the Citi MTVU credit card all have ThankYou as their reward program.
The Chase Ultimate Reward program also has Starbucks as their gift card partner. Cards like the Chase Freedom have Ultimate Rewards as their reward program.
Starbucks Duetto Visa - Worth Getting
Verdict - Let's be upfront about this. The Starbucks credit card is a really niche credit card. You really have to be spending quite a bit at Starbucks everyday for you to make it worthwhile getting this card. And if redeeming rewards for Starbucks is all you care about, then this card is for you. But if you are really not a fanatic, then perhaps a card like the Chase Freedom, whereby you can exchange points for Starbucks gift card might be a better idea.
Update - The Starbucks credit card is no longer being offered.
|Starbucks Card DuettoTM Visa|
Earn 3% Duetto Dollars when you auto-reload your Duetto account from your visa account
Earn 3% Duetto Dollars when you join the gift subscription feature and make a gift subscription
Earn 1% Duetto Dollars on regular visa purchases
|Introductory rate||0% fixed APR for 6 billing cycles (purchases and balance transfers)|
|Annual Fees||No annual fee|
|Purchase APR||Prime Rate plus 5.99%, 9.99% or 14.99%|
|Balance Transfer APR||Prime Rate plus 5.99%, 9.99% or 14.99%|
|Cash Advance APR||Prime Rate plus 14.74%|
|Penalty/Default Rate||Prime Rate plus 23.99%|
|Min Finance Charge||$1.00|
|Grace Period||20 days|
|Balance Calculation Method||Average Daily Balance (including new purchases)|
|Balance Transfer Fee||3% min $5.00 max $75.00|
|Convenience checks fee||3% min $5.00 max $75.00|
|Cash Advance fee||3% min $10.00|
|Foreign Currency Conversion fee||3%|
|Late Payment fee||
$15.00 - up to but not including $250.00
$39.00 - more than $250.00