2023-09-12 00:00:46
Microsoft announced that it has cooperated with Barclays Bank to launch the Xbox co-branded Mastercard credit card in the United States, allowing users to redeem points through credit card purchases, and then use accumulated points to exchange for game content in the Microsoft Store. This co-branded card is expected to be open to applications for users participating in the Xbox Insider Program on September 21, and is expected to be open to all users in the United States next year. In this cooperation between Microsoft and Barclays, users can accumulate 1 point for every dollar spent through this co-branded card at regular channels, and 5 points for every dollar spent at the Microsoft Store. In addition, if you spend on streaming video services such as Netflix and Disney+, or use services such as Grubhub and DoorDash, you can accumulate 3 points per dollar. According to the point redemption calculation method announced by Microsoft, 100 points can be exchanged for 1 US dollar. That is, if the user spends 1,000 US dollars with this co-branded card, the equivalent of 10 US dollars in points will be rewarded. If it is the first time to make a purchase with this co-branded card, it will be You can get 5,000 points, equivalent to 50 US dollars. In addition, following completing the first purchase with this co-branded card, users can also receive 3 months of free Xbox Game Pass Ultimate service. If they are already a subscriber, they can also transfer this free service to others (but the points earned The number cannot be transferred). Currently, this co-branded card offers 5 card faces to choose from, and can even add the user’s personal game tag name, and can be used for contactless payment and binding with electronic wallets. The annual interest rate of this co-branded card will vary according to the user’s personal credit evaluation, which is 20.99%, 26.99% or 31.99% respectively. Microsoft has no plans to launch similar co-branded cards outside the United States, but if there are good results in the United States, it may consider launching similar products in more regions around the world to boost Microsoft Store game sales.
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