Xbox announced a partnership with Purchase-headquartered Mastercard (NYSE:MA) and Barclays (NYSE:BCS) on its first co-branded U.S. credit card.
The Xbox Mastercard will have no annual fee and will provide consumers with a bonus of 5,000 card points after their first purchase. Points generated in the card”™s program can be redeemed on Xbox games and add-ons and select streaming, along with dining delivery services and other non-tech options.
The card is being issued by Barclays US Consumer Bank and will be available on Sept. 21 to qualified Xbox Insiders across the country, with availability open to the general public in the U.S. in 2024.
Mastercared noted the release of the Xbox Mastercard marked its latest collaboration with Xbox parent company Microsoft (NASDAQ:MSFT) ”“ earlier partnerships included leveraging digital technologies including artificial intelligence, cybersecurity solutions and fraud management, and the companies have worked with small business partners through Microsoft Advertising.
“Mastercard has a long history in innovating across esports and mobile and online gaming, which has given us unique insight on what gamers want most,” said Sherri Haymond, executive vice president for global digital partnerships at Mastercard. “From new ways to personalize your card, to rewarding Xbox players with experiences they love, we”™re thrilled to be collaborating with Xbox and Barclays to bring together an exciting, digital-first product.”
