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Microsoft Expands into the Financial Market with the Launch of the Xbox Credit Card

Microsoft has had a successful year in the video game industry and is now expanding its reach in the financial market with the launch of the Xbox credit card. In partnership with Barclays in the United States, Xbox aims to offer a credit card specifically designed for the most dedicated gamers.

The Xbox MasterCard, which will be launched next year, has several benefits for gamers. Users can earn 5x the card’s points on purchases made in the Microsoft Store and 3x the points on Netflix and Disney+ subscriptions. Additionally, orders placed on Grubhub and DoorDash will also earn 3x points, while all other purchases will earn 1x points. There will be no annual fee for cardholders.

But the announcement has not been received with unanimous enthusiasm. Some fans have expressed concern about the annual interest rate (APR) offered by the card, which can range between 20.99% and 31.99%, depending on the individual credit score. Critics argue that there are better credit card options on the market with lower APRs and more attractive benefits.

On the other hand, there are gamers excited about the Xbox Credit Card and its features. The card offers four unique designs, and cardholders will receive three months of Game Pass Ultimate and 5,000 card points after their first purchase, valued at approximately $50. They can also gift the Game Pass subscription to a friend or family member.

Overall, the launch of the Xbox Credit Card marks Microsoft’s expansion into new territories within the video game industry. It remains to be seen how the card will be received by players and if it will become a popular choice among the gaming community.

Fuentes:
– Xbox credit card: What advantages does it offer to players? (EssentiallySports)
– Article image provided by Xbox.com

2023-09-13 06:02:23
#Microsoft #ventures #financial #market #Xbox #credit #card

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