Starbucks Corp. and Chase have launched a co-branded Visa credit card that’s linked to the Starbucks Rewards loyalty program. Customers earn points by using the card, which can be redeemed at 8,000 participating Starbucks locations. In addition to a physical card, customers will have a digital card loaded into the Starbucks app. The card has an annual fee of $49. There will be a second co-branded product, the Starbucks Rewards Visa Prepaid Card, launching later this year. Starbucks shares are up 5.4% for the past year, JPMorgan Chase & Co. shares are up 36.2% for the period and the S&P 500 index is up nearly 24% for the last 12 months.
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