Microsoft Launches Xbox Mastercard with Rewards for Gamers
September 21, 2022 – Today, Microsoft announced the exciting launch of the Xbox Mastercard, a brand new credit card designed specifically for gamers. This card aims to reward cardmembers with points that can be redeemed for games in the Microsoft Store, making it a must-have for Xbox enthusiasts.
Initially, the Xbox Mastercard will be exclusively available for members of the Xbox Insider Program in the US. However, plans are already underway to open up the offering to all US-based Xbox users next year, allowing even more gamers to take advantage of its enticing benefits.
Created in partnership with Barclays, the Xbox Mastercard offers a range of rewards based on the type of purchase made. Users will earn one reward point for every dollar spent on everyday items. However, the reward rate increases to five points for every dollar spent at the Microsoft Store, providing avid gamers with an attractive incentive to use the credit card for their gaming purchases.
In addition to rewards at the Microsoft Store, users will also earn three points for every dollar spent on select streaming and dining services. Popular platforms such as Netflix, Disney+, Grubhub, and DoorDash are among the eligible services, giving cardmembers a chance to earn points while enjoying their favorite entertainment and food.
The earned reward points can be redeemed for Xbox games and add-ons at a rate of one penny per point. For instance, a cardmember who spends $1,000 on standard purchases using the Xbox Mastercard will earn the equivalent of $10 in points, contributing towards new games for their Xbox console.
To cater to each gamer’s individual style, the Xbox Mastercard will be available in five different designs. Furthermore, cardmembers have the option to personalize the card with their own Xbox Gamertag, adding a personal touch to their gaming experience.
In line with the latest payment trends, the Xbox Mastercard supports contactless payments and digital wallets, making it convenient for gamers to make purchases. Additionally, cardmembers will have access to their FICO credit score free of charge, providing valuable financial information.
It is important to note that the Annual Percentage Rate (APR) for the Xbox Mastercard can range from 20.99% to 31.99%, depending on the outcome of a credit check. Potential cardholders should be mindful of this as they consider applying for the card.
To sweeten the deal, Microsoft is offering additional incentives for signing up and using the Xbox Mastercard. New cardmembers will receive a bonus of 5,000 card points (equivalent to $50) after their first purchase. Furthermore, they will also enjoy three free months of Xbox Game Pass Ultimate, which can even be transferred to a friend if the user is already a subscriber.
With its appealing rewards and exclusive perks, the Xbox Mastercard is set to become a sought-after accessory for gamers. Stay tuned for more updates as Microsoft continues to enhance the gaming experience for Xbox users.
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