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Microsoft Announces Xbox Credit Card, Aims to Offer More Exciting Rewards to Gamers

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Microsoft announces the Xbox Mastercard with which users can now earn points, customize the card and earn bonuses.

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Home eSportsMicrosoft Announces Xbox Credit Card, Aims to Offer More Exciting Rewards to GamersPublished 09/13/2023, 11:17 AM EDTBy Viren Mirpuri

After the release of the PlayStation Visa Card, Microsoft joined the race with the Xbox Mastercard. The Xbox Mastercard is a no-annual-fee credit card issued by Barclays, exclusively for Xbox Insiders in the US. Initially, the Xbox Mastercard will be available exclusively to Insiders in the continental United States, Alaska and Hawaii, starting on September 21, 2023.

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However, it will later be available to all Xbox players in the United States in 2024. That being said, let’s take a deeper look into what the card offers.

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With the new gaming-inspired credit card, players can earn card points for every $1 spent on purchases.

Cardholders can earn points as follows:

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Microsoft is launching an Xbox credit card. The Xbox Mastercard includes points that you can earn and redeem for games and add-ons. The card can also be customized with an Xbox gamertag. Full details here: https://t.co/emrcK9PWkZ

— Tom Warren (@tomwarren) September 11, 2023

Cardmembers will also enjoy benefits such as a 5,000-point bonus after their first purchase, three months of Xbox Game Pass Ultimate for new Game Pass members, a choice of card designs, contactless payment options, free access to their FICO Credit Score, and $0 Fraud Liability protection.

Varied Rewards: Cardholders can accumulate five points for every dollar they spend on eligible products when shopping at the online Microsoft Store. Additionally, they can earn three points for each dollar spent on popular streaming services such as Netflix and Disney Plus. Similarly, three points are awarded for every dollar spent on delivery services like Grubhub and DoorDash.

Annual Percentage Rate: Users of the card can expect an APR that will range from 20.99 percent to 31.99 percent based on the cardholder’s credit score.

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Customization and Bonuses: Card members can customize their Xbox Mastercard with a Gamertag and receive a bonus of 5,000 points (equivalent to $50) after their first purchase. Furthermore, new Game Pass members receive three months of Game Pass Ultimate, and they can gift it to others.

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Design Choices: Users can choose from five designs to add a personal touch to their new credit card.

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Historical Context: This card marks Microsoft’s return to offering an Xbox-themed credit card, more than a decade after their Live Diamond loyalty card from 2005.

The Xbox Mastercard provides enthusiasts with an opportunity to earn points and rewards on their purchases. It also offers customization options and bonuses. However, it may not be the ideal choice for everyone seeking a credit card. Nevertheless, it holds a certain appeal among dedicated gamers who want to showcase their affinity for Xbox.

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Would you use the Xbox Mastercard? Let us know in the comments!

Viren Mirpuri

28 articles

Viren is an Esports Writer at EssentiallySports. With a Mass Media degree in one hand and a gaming controller in another, he is set to document every milestone in the gaming industry. As an Esports journalist, he has covered over 500 articles about what is fresh in the scene.ARTICLES BY AUTHOR

Edited By: Aayush Kapoor

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