Submitted 1 year ago by nave@lemmy.zip to technology@lemmy.world
Congrats Microsoft, you’ve officially released the least rewarding card ever, while still retaining the sky high interest rates. but but it comes with gamepass Okay so it rewards you for buying games and is paired with a service that specifically helps you not buy games. What the fuck are they thinking?
I was really critical of Microsoft's announcement of their plans for financing the Xbox Series S/X. Financing a video game console. Like what the fuck? And here we are, at the next logical step.
What was their Series X financing plan? Work for them for free?
Eww gross. Microsoft points?
Not like my Roblox credit card gives me Roblox bucks… a true real world currency.
You mean Robux.
Roblox bucks would have been ok but they do deserve some credit for the name.
How does this belong in c/technology?
Are we going to post their profit & loss sheet next?
This is the best summary I could come up with:
The Xbox Mastercard is a no annual fee credit card issued by Barclays, and purchases made using the card will generate points that can be redeemed on Xbox games and add-ons.
“With the Xbox Mastercard credit card, players can earn card points with everyday purchases to redeem on games and add-ons at xbox.com,” explains Dave McCarthy, CVP of Xbox player services.
The Xbox Mastercard isn’t linked to Microsoft Rewards, so it’s a separate pot of points that can be earned through purchases with the card.
This three months can also be gifted to friends or family if you’re already a Game Pass member.
There are five designs to choose from for the Xbox Mastercard itself, with an option to customize it with a gamertag.
Sony also offers its own PlayStation credit card, with a points-based system that can be redeemed against games, movies, electronics, and more.
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radix@lemmy.world 1 year ago
Which is a convoluted way to say highly-restricted 1% cash back, which is pretty low-end these days, right?
At least 21% interest‽ I must be totally out of touch with the current reality, because that sounds outrageous.
ScoobyDoo27@lemm.ee 1 year ago
I don’t know why so many are caught up on the interest rate. You shouldn’t keep a balance on your credit card and should pay it off every month. No rewards card will ever come close to a good thing if you ever pay interest on it.
It’s also 5 points per dollar when spending at Microsoft, which is 5% back and a good deal. Majority of cards are 1% base with a bonus if you shop at their store. This card is pretty standard for the industry.
DarkWasp@lemmy.world 1 year ago
Some people can’t do this or had an emergency and needed to use their credit card. Lower interest rates are manageable.
bob_wiley@lemmy.world 1 year ago
ripcord@kbin.social 1 year ago
This specifically says 1 point per dollar
NOT_RICK@lemmy.world 1 year ago
Pretty easy to get a 2% card nowadays. This is a shit deal
i2ndshenanigans@lemmy.world 1 year ago
My Apple Card gives me 1-3% depending on the purchase type. I average 2% since I use Apple Pay all the time.
Clbull@lemmy.world 1 year ago
21 to 32 percent APR is pretty standard for credit cards.
Which is why you should pay off the balance of a credit card each month where possible so that you accrue no interest, which can easily be done by setting up a direct debit. They’re not meant to be for long term borrowing.
Card companies will make their money from responsible users through merchant fees, which is them passing on the burden to merchants.
The main reason you’d want to use credit cards is for the added rewards and consumer protections you’d get.