The Chase Starbucks card will be discontinued, and cardholders will be converted to the Chase Freedom Unlimited on July 20, 2023. The original card launched in 2018 but failed to gain much traction, and it remains to be seen if Starbucks will partner with another credit card company in the future.
Announcement Details
If you’re a Chase Starbucks cardholder, you may have received a letter notifying you of an upcoming change. It seems that the card will be discontinued, and all cardholders will be converted to the Chase Freedom Unlimited on July 20, 2023.
The Chase Starbucks card was launched back in 2018, but it didn’t seem to catch on with consumers. Chase had paused applications for the card in June 2022, and now it appears that the card will be completely discontinued.
This news might be disappointing for some Starbucks fans who enjoyed the rewards and perks of the co-branded card. However, the Chase Freedom Unlimited is also a solid card option that offers 1.5% cash back on every purchase, with no annual fee.
Chase Freedom Unlimited Details
Card Pros & Cons
Pros
- Great welcome offer for a no-annual-fee card
- Unlimited 1.5% minimum earn rate for cash back rewards
- Intro APR period
- No minimum redemption amount
Cons
- Requires good/excellent credit
- Foreign transaction fee
Card Highlights
- There’s no minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. As long as your account is open, Cash Back rewards do not expire.
- There’s a 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR will apply.
- There’s no annual fee for this card.
- Another feature is Chase Credit Journey, where you can get free access to your latest score, real-time alerts, and more.
Bottom Line
It will be interesting to see if Starbucks partners with another credit card company in the future to issue a new co-branded card. For now, if you’re a Chase Starbucks cardholder, be sure to keep an eye out for any further updates on the transition to the Chase Freedom Unlimited.
Chase Bank also offers great bonuses with their Checking/Savings accounts.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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