Microsoft has announced the release of an Xbox Mastercard (Credit Card) in collaboration with Barclays US Consumer Bank. You will be able to earn exclusive points by making use of the card during any purchase. Then, you can redeem those points for availing discounts or purchasing the games and add-ons offered by Microsoft/Xbox. So let us get a detailed look at the Xbox Mastercard with the information on when and how to get it.
Xbox Mastercard: APR (Annual Percentage Rate) and Fees
The card’s APR (Annual Percentage Rate) will be quite high depending on your credit points. This means it’s important for you to weigh in the benefits and perks you would be getting before deciding to get the card. We should also mention that the card comes at zero annual fees. Below are the full details on both APR and the fees.
Interest Rates and Interest Changes
Annual Percentage Rate (APR) for Purchases |
20.99%, 26.99% or 31.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
APR for Balance Transfers |
20.99%, 26.99%, or 31.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
APR for Cash Advances |
32.49% This APR will vary with the market based on the Prime Rate. |
How to Avoid Paying Interest on Purchases | Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $0.50. |
Fees
Annual Fee | $0 |
Transaction Fees:
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Penalty Fees:
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You must carefully go through the terms and conditions before getting the card. For the full details on the terms and conditions, visit the official website of Barclays.
Benefits of the Xbox Mastercard
Primary Benefits
With the Xbox Mastercard, players can earn card points for every $1 spent on purchases including:
- Xbox & Microsoft – Earn 5x card points on eligible products at the Microsoft Store.
- Streaming Services – Earn 3x card points on eligible streaming services like Netflix and Disney+.
- Dining Delivery Services – Earn 3x card points on eligible dining delivery services like Grubhub and DoorDash.
- Everyday purchases – Earn 1x card points on all other everyday purchases.
Additional Benefits
- A bonus of 5,000 card points (a $50 value) after their first purchase.
- Three months of Xbox Game Pass Ultimate for new Game Pass members after their first purchase. If they’re already a Game Pass member, they can easily gift it to a friend to play together.
- Choice of one of five iconic designs for their card, with the option of personalizing it with their Gamertag.
- Flexibility of use with contactless payments and digital wallets.
- Free online access to cardmembers’ FICO Credit Score, allowing users to keep an eye on their credit score and receive alerts when their score has changed.
- $0 Fraud Liability protection, so cardmembers are not responsible for charges they didn’t authorize.
When and How you can Get it
Introducing the new Xbox Mastercard, in partnership with @BarclaysBankUS. Cardmembers can earn card points from everyday purchases and redeem them for games and addons.
More info here: https://t.co/Ng8TbEMPHM
— Xbox (@Xbox) September 11, 2023
The Xbox Mastercard will be available exclusively to Xbox Insiders across the 50 states within the USA from September 21, 2023. It will be accessible to the general public sometime in the year 2024. Check out this link for more information on how you can get your hands on this exclusive credit card.
This was the full information on Xbox Mastercard with interest rates and how to get it. Will you be getting the card one it launches? Let us know in the comments below.
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