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CNN reports that Starbucks is launching its own Visa credit card, backed by JPMorgan Chase, and designed to allow users to accumulate stars toward free drinks even when shopping at other retail venues. Cardholders will automatically be registered in Starbucks’ loyalty program.”

According to the story, “The card will have an annual fee of $49. People who apply for the card will get a physical piece of plastic within 7-10 days of getting approved for the card. They will also get a digital version of the card immediately loaded into the Starbucks mobile app.”
KC's View:
One MNB reader pointed out the irony of Starbucks launching a credit card at the same time it tests a cash-free store. Which is true.