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Starbucks Rewards™ Visa® Prepaid Card: College Student Finances

*This post is sponsored by Starbucks. All opinions are my own. Thank you for your continued support of the brands I work with. This makes it possible for me to continue to bring great content to you!

College Student Finances

Shout-out to my fellow parents-of-college-kids! I’m just starting out on this “mom of a college kid” journey… GAH!

College Student Finances: recent high school graduate

I have to ask… now that the school year has begun, how is your wallet/bank account feeling? How often are you getting the call, text or email that your college kid needs a little money for *insert endless list of needs here*?

Starbucks Rewards™ Visa® Prepaid Card: College Student Finances

But seriously… I cleaned my wallet before I took the picture. There were a lot of receipts in there.

But no dollars.

I digress.

There is a WHOLE LOT of learning happening during the college years, and not just in the classroom. There’s a whole lot of REAL life learning.

Like budgeting.

Are you familiar with prepaid cards? They are cards you can front-load with money that can be used like a credit card, but it’s not credit… it’s a prepaid card preloaded with cash. It’s a reloadable prepaid card, but without access to the whole enchilada (i.e. the home bank account).

Whether you have a child who has gone away to college, or a child who is going to college but living at home (like my son)… there is a greater responsibility to manage money along with an increased level of independence.

My son is not having to fully support himself as he attends the local community college, and he is living at home. However, his financial “scene” is shifting greatly, which means the lesson of his own financial responsibility is front and center.

Enter the Starbucks Rewards™ Visa® Prepaid Card!

I hear you. You are asking, “So… How does giving one’s college kid a Starbucks Rewards™ Visa® Prepaid Card help teach financial responsibility?”

Starbucks Rewards Prepaid

With this card you can give your college-bound kid their budget for the things they need/you decide to cover via the card. The card can be reloaded as often as needed. You decide… bi-weekly or monthly, perhaps? The new-to-college kiddo can get a good taste of what it’s like to make money last and stretch. It can be a good way to introduce financial responsibility and the value of budgeting.

With this card you can give your college-bound kid their budget for the things they need/you decide to cover via the card. The card can be reloaded as often as needed. You decide… bi-weekly or monthly, perhaps? The new-to-college kiddo can get a good taste of what it’s like to make money last and stretch. It can be a good way to introduce financial responsibility and the value of budgeting.

A couple of the cool things this card offers are:

  • no annual, monthly, nor reload fees (AWESOME, right?!).
  • is easy to reload with Visa Debit, MasterCard Debit, Chase Liquid card, or via Internal transfer from a Chase checking, savings or prepaid account.
  • it is the only prepaid card that allows you to earn Stars towards Rewards.

In short, while your young adult child is learning to spend within his/her means, Mama earns Starbucks Rewards!

Starbucks Rewards™ Visa® Prepaid Card: College Student Finances

CHEERS, Y’ALL!

You are already planning to give your kiddo dollars to spend on gas and books and probably lots of food. If they spend through the Starbucks Rewards™ Visa® Prepaid Card they get their needs met, the Stars add up for qualifying purchases, and before you know it – your coffee dreams may come true!

The Stars add up and since college living costs add up… it is entirely likely you will become very happy to be rewarded with coffee! After all, you are the parent of a college kid and that struggle is really real.

BUT THERE’S MORE! Earning Stars to finally reap the reward of raising a good and emerging financially responsible kid isn’t the only benefit to the Starbucks Rewards™ Visa® Prepaid Card!

  • Did I mention there are NO monthly, annual, or reload fees. I think I did mention it, but it’s worth repeating.
  • Earn 125 Stars the first time you use your card to load at least $10 to your registered Starbucks Card in the App. That’s enough Stars for a qualifying drink or food item* for doing something you needed to do anyway!
  • You get instant Starbucks Reward Gold Status as a cardholder (so if you are not currently one because you just don’t spend enough to earn Gold status, this puts you right in that Starbucks sweet spot). Gold Status cardholders get all kinds of perks, so if you’ve always wanted to see what the fuss is about – this is the time!
  • You earn 1 Star for every $10 you spend using the prepaid card.
  • Aaaand you earn extra Stars when you shop at Starbucks stores – 2 Stars per $1 you spend as a Starbucks Rewards™ member when you pay with your registered Starbucks Card or registered Starbucks Card through the App.
  • *At participating Starbucks® stores. Some restrictions apply. See Starbucks.com/terms for details.

In a nutshell: Your student gets the benefit of making a purchase, while YOU get the Stars so you can quench your thirst (have you had their Very Berry Hibiscus Refresher??)

Starbucks Very Berry Refresher Starbucks Rewards™ Visa® Prepaid Card

The Starbucks Rewards™ Visa® Prepaid Card is super-simple to set-up. You can learn more here. I checked it off my to-do list in minutes!

I don’t hate redeeming my Stars on an, “OMGoodness how can I have a college kid now!!!” Starbucks Mocha (triple tall, please). Wasn’t his first day of kindergarten just a couple of years ago?! I’m willing to bet many of my drinks and treats will be redeemed when I am missing those “good old days”. Sigh…

College Student Finances: Preschool to high school graduate

* At participating Starbucks stores. Some restrictions apply. See Starbucks.com/terms for details.

Deposit products are provided by JPMorgan Chase Bank, N.A. Member FDIC.

 

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