Xbox To Launch Credit Card Partnering With Mastercard, Barclays: Xbox Users To Get Jump Start

Microsoft Corp. MSFT announced the launch of Xbox credit card in partnership with Mastercard Inc MA.

The Xbox Mastercard will be issued by Barclays BCS with no annual fees but with many benefits for U.S. Xbox users, who will be able to use the service from Sept. 21, 2023, across all 50 states. The credit card will become available to the general public some time in 2024. 

“We've heard feedback from the Xbox community that they want more ways to get value for their purchases,” Xbox Player Services Corporate Vice President Dave McCarthy said in the press release.

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The card will enable players to earn points with daily purchases to redeem on games and add-ons at the gaming website.

An initial bonus of 5,000 points will be offered on the first purchase. Additionally, the card features benefits for its use on Microsoft store purchases which include earning five times card points on certain purchases and three times points for certain streaming service payments such as Netflix and Disney+ and dining delivery services including Grubhub and DoorDash. 

In 2005, Microsoft offered an Xbox Live Diamond loyalty card to its live subscriber base which provided discounts at participating retailers. 

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Sony Group Corp SONY also offers its own PlayStation credit card with a points-based system that can be redeemed against games, movies, electronics and more.

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Photo: Barclays via Cison, PR Newswire