I'm not sure I see this as such a great value.

Many of us can routinely get Starbucks gc's at >50% discount (like through various Amazon promos or groupons).

That puts a value of $10 on the $20 reload.

300 stars get you 2.4 drinks. If you estimate that you'll redeem this for drinks that retail for $6 each, that's puts a value $7.20 on the 300 stars.

(2.4 drinks x $6/drink x 0.5) = $7.20

(The last factor on the left side of the equation is due to the 50% discount on Starbucks gc's.)

Seems like you're paying $20 for $17.20 of value.

Feel free to poke holes in my analysis.

1.First of all who always gets gc for 50% off? Most don't.

2. What's this referring to?

(The last factor on the left side of the equation is due to the 50% discount on Starbucks gc's.) The right side?

3. Where does $17.20 come in?

Let's say you get the gc for 50% so $20 of gc is $40 tops,

Now $20 of reload is $20 plus 2.4 drinks

(Once you have earned 300 Stars in 12 months, you will achieve Gold status, which consists of the following benefits: All Green Level benefits. Free Star Reward every time you earn 125 Stars. You can check your Star balance online through your Starbucks account, or on the Starbucks app.)

now valuing the drinks at $6 each so $12+$2.40=$14.40+original $20 =$34.40 difference of $5.60 assuming you buy your Starbucks gc for 50% which most do not.

4. Seems like you're paying $20 for $17.20 of value. Where do you get that from?

5.Feel free to poke holes in my analysis. Just trying to understand your calculations..