In a unique venture, Microsoft, in collaboration with Barclays, has announced the forthcoming launch of an Xbox credit card, named the Xbox Mastercard. Slated for an exclusive release for Xbox Insider Program members in the US on September 21, the card will be opened to all US-based Xbox users in 2024.

Main Features

  • The card bears no annual fee.
  • Users earn points for each purchase made using the card. These points are redeemable for Xbox games and add-ons.
  • Every dollar spent earns the cardholder one card point.
  • A total of 1,500 card points can be redeemed for a $15 gift card on Microsoft’s Xbox store.
  • Special incentives include earning five points for every dollar spent at the online Microsoft Store and three points per dollar on selected streaming services like Netflix and Disney+, as well as delivery services such as Grubhub and DoorDash.
  • The card’s APR rates can vary from 20.99% to 31.99%, contingent on credit scores.
  • Terms and conditions for the Xbox Mastercard can be reviewed here.

Special Offers and Bonuses

  • First-time card users receive a bonus of 5,000 points, equivalent to $50.
  • New members of Xbox Game Pass Ultimate will enjoy a complimentary three-month subscription upon making their first card purchase. Existing members can transfer this bonus to a friend or family member.
  • Card designs offer flexibility. There are five distinct designs available, with an option to customize the card using one’s Xbox Gamertag.

Design and Usability

The Xbox Mastercard supports both contactless payments and digital wallets, ensuring convenience and flexibility. Cardholders are also granted free access to their FICO credit score. Another significant feature of the card is the $0 Fraud Liability protection, safeguarding users against unauthorized charges.

A Look Back

While this move is not Microsoft’s first venture into the card industry, it is a significant one. Over a decade ago, the tech giant introduced the Xbox Live Diamond loyalty card for its Xbox Live subscribers. This card provided discounts at specific retail outlets. Their competitor, Sony, has a similar offering with a PlayStation credit card that operates on a points-based system.

Eligibility and Application

The Xbox Mastercard will initially be accessible to Xbox Insiders located in the 50 United States, including regions like Alaska and Hawaii, from September 21. The release will proceed in phases to the Insider community during the fall season. Potential applicants must be at least 18 years old to qualify and are advised to use the card responsibly to avoid any potential financial pitfalls.

The Broader Implications

The integration of brand loyalty schemes with credit systems is not a new concept, but Microsoft’s bold move into this space demonstrates a potential trend where technology giants could leverage their consumer bases in new and inventive ways. The Xbox Mastercard could well be the prototype for other brands to follow suit, offering exclusive perks and benefits tailored to their most loyal customers.

Consumer Reactions

Since the announcement, the gaming community and potential consumers have shown mixed reactions. While many Xbox enthusiasts eagerly anticipate the card’s release, praising its unique incentives and the prospect of integrating their gaming and spending habits, others express caution. Some cite concerns about high APR rates and the potential for impulsive spending driven by the desire to earn points. However, as with any credit product, the emphasis is on the consumer to use the card responsibly and within their means.


The Xbox Mastercard announcement marks an intriguing direction for Microsoft, expanding beyond its software and hardware offerings into the financial sector. While the benefits of the card seem targeted primarily at Xbox and Microsoft enthusiasts, the additional incentives for streaming and dining services suggest a broader appeal. Whether the Xbox Mastercard will achieve the same level of success as recent Microsoft releases like Starfield remains to be seen. But for now, the gaming community and financial industry alike are watching with keen interest, as the fusion of the gaming and financial sectors presents an innovative synergy.

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