You can earn points on the card when you buy games or subscribe to Netflix, etc.
In September, Microsoft will launch the Xbox Mastercard, a free annual payment card issued by Barclays. Purchases made with it will generate points that can be redeemed in Xbox games and apps.
For now, the Xbox Mastercard is available exclusively to Xbox testers in the US.
“With the Xbox Mastercard credit card, players can earn card points on daily purchases to redeem for games and add-ons on xbox.com,” explains Dave McCarthy, CVP of Xbox Player Services. “The Xbox Mastercard will be available exclusively to Xbox Insiders in the 50 states beginning September 21, and to all Xbox players in the 50 states in 2024.”
Every dollar spent generates a point – 1,500 points, for example, would be enough to get you a $15 gift card that can be redeemed at Microsoft’s online Xbox store.
Xbox Mastercard cardholders will earn 5 points for every $1 spent on products in the online Microsoft Store, 3 points for every $1 spent on streaming services like Netflix and Disney Plus, and 3 points for every $1 spent on delivery services Grubhub and DoorDash.
The annual percentage rate ranges from 20.99% to 31.99%, depending on credit.
Cardholders will receive a 5,000 point bonus ($50 equivalent) immediately after their first purchase, as well as a 3-month Xbox Game Pass Ultimate subscription (these can be gifted to friends or family if you’re already a Game Pass member).