Microsoft is launching a new credit card called the Xbox Mastercard, which will offer gamers a variety of rewards and benefits. The card is issued by Barclays and has no annual fee.

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Cardholders will earn one point for every dollar they spend, with the points being redeemable for games, add-ons, and other items at the Microsoft Store. They will also earn bonus points for spending on eligible purchases from the Microsoft Store, streaming services, and delivery services.

Here are some of the benefits of the Xbox Mastercard:

  • Earn points for every dollar spent
  • Redeem points for games, add-ons, and other items at the Microsoft Store
  • Earn bonus points for spending on eligible purchases from the Microsoft Store, streaming services, and delivery services
  • Get a $50 bonus after your first purchase
  • Get three months of Xbox Game Pass Ultimate for new members
  • Choose from five different designs and personalize your card with your gamertag

The Xbox Mastercard is available to Xbox Insiders in the United States starting September 21, 2023. It will be rolled out to all US-based Xbox players by 2024.

This is Microsoft’s first gaming credit card in over a decade. The company previously offered the Xbox Live Diamond loyalty card, which provided discounts at select retailers.

Sony, Microsoft’s competitor, also has its own gaming credit card called the PlayStation Credit Card. This card offers a points-based rewards system that can be redeemed for games, movies, electronics, and more.