You're on a first date and it's all going great. As your dinner wraps up, the waiter brings you the check, and you whip out this bad boy with xXx_noobpwner69_xXx inscribed on it. You do not get a second date.

We know players are interested in getting more value from Xbox, and we've heard feedback from the community that they want more ways to get value from their purchases.

Guys...GUYS, we meant regarding GAMES and the damn CONSOLE!

Gonna put the big boy pants on now and say no thanks.
I have enough credit cards, and I'd rather get the travel bonuses or just do cashback for you know...anything I want.

Double-ClickGonna put the big boy pants on now and say no thanks.
I have enough credit cards, and I'd rather get the travel bonuses or just do cashback for you know...anything I want.

Took me 12 years to get a credit card in Taiwan.
The bank still didn't trust me, so I only got a sub $1,600 credit limit...

TheLostSwedeTook me 12 years to get a credit card in Taiwan.
The bank still didn't trust me, so I only got a sub $1,600 credit limit...

This card is issued by Barclays US Consumer Bank so it is only available to US residents.

Personal credit cards are heavily controlled by the active jurisdiction so Americans can't apply for credit cards from other countries (there might be a few exceptions but none significant).

There are many people across the planet who would love to get an Apple Card but aren't eligible because they don't live in the USA because it is issued by Goldman Sachs Bank USA (Salt Lake City, UT).

cvaldesThis card is issued by Barclays US Consumer Bank so it is only available to US residents.

Personal credit cards are heavily controlled by the active jurisdiction so Americans can't apply for credit cards from other countries (there might be a few exceptions but none significant).

There are many people across the planet who would love to get an Apple Card but aren't eligible because they don't live in the USA because it is issued by Goldman Sachs Bank USA (Salt Lake City, UT).

My point was more that some people have too many cards, for others, it's hard even getting one.

Used to be a Barclays customer in the UK, they suck, more so than most banks.

Yeah, I'm aware of that too, lots of peculiar legal issues.

I prefer to avoid credit cards when possible, but alas, in Sweden cash is not even accepted by many stores and restaurants, so paying by card or a weird local phone based payment service are the main options.

Does that make Apple's cards religious or just conservative?

TheLostSwedeMy point was more that some people have too many cards, for others, it's hard even getting one.

Used to be a Barclays customer in the UK, they suck, more so than most banks.

Yeah, I'm aware of that too, lots of peculiar legal issues.

I prefer to avoid credit cards when possible, but alas, in Sweden cash is not even accepted by many stores and restaurants, so paying by card or a weird local phone based payment service are the main options.

Does that make Apple's cards religious or just conservative?

As you probably understand, the USA economy is driven by consumer spending. We have the largest selection of consumer credit options because big business wants Joe Consumer to consume.

There is obviously more risk in consumer lending to people who don't have a good chance to repay their debts on time. The American consumer lending industry feeds on people who won't pay off their credit cards every month but carry a balance and thus generate finance charges. Those finance charges (along with merchant transaction fees) fund these benefits as well as all of the fancy services, apps, etc.

Credit cards are convenient and if there's anything Americans love, it's fast convenience.

Of course, the better credit cards here in the USA require a better credit record from the applicant. Young people who have recently joined the workforce often are turned down from the best credit cards. In the worst cases, they have to get a secured credit card which basically requires a deposit (like $500 for a card with a $500 limit) just so you can develop a positive credit history. People who declare bankruptcy often have to rebuild their credit with secured cards and loans. Even when they do get accepted for an unsecured card, it's usually at a much lower credit limit and higher interest rate than others with a solid established credit history. I believe the US consumer credit interest rates are pretty high compared to many other places.

I haven't looked at the fine print for the Xbox Mastercard offering but I wouldn't be surprised if it were targeted at young consumers who are just starting out building their credit. This doesn't look like the type of financial instrument that a consumer with 20+ years of credit history would really benefit much from. People are at different stages in their lives and this is probably an appealing offering to some.

It's worth pointing out that branded credit cards are very commonplace here in the USA. Many stores have their own (like Amazon) and even the major sports leagues usually have some sort of branded card program.

Sometimes these kind of cards can work in your benefit, if you're willing to put in the work.

I know someone that, when AmEx's Serve was partnered with League of Legends, he got their debit card. He would would transfer money to the LoL Serve card and then use the card to pay his mortgage, car payments and so on. For a while, when you used that card you would earn 1 RP (Riot Point) for every 1 dollar spent. Serve and LoL stopped the feature years ago (upon looking it up, appears it was stopped December 1st, 2014) and he still has thousands of RPs for LoL.

We don't play LoL much anymore, but every Christmas he still goes out and gifts a handful of skins to everyone on his friend's list since he doesn't use the points for anything else.


Only thing I do is I use my AmEx credit card to pay for groceries. I then pay off the balance at the end of the month. AmEx gives 3% cash back, up to $6,000 on groceries. Once I hit that $6,000 limit I stop using it for the year after I take advantage of the $180 I've built up. 3 years ago $180 used to be the average grocery bill for me about every 11 days. $6000 limit usually came right around the start of December. These days $280 is the average grocery bill every 11 days so that $6000 limit gets reached by August.

Hopefully this doesn't tie into MS Rewards, unless it gets significantly better the higher level you are or use of a CC.
On a 1% cashback purchase, if you spend $100 you get $1 back. On MS, you get 100 points. As a current Level 2 Rewards member, 910 points = $1. So spending $100 I would basically get just 10 cents.

Points are annoying because it has hard to put a real hard cash value on it. For example, I am a Hilton Honors member. I just spent 58,000 points. There were 4 hotels all $235/night. One Hotel wanted 80k points a night, while the cheapest Hotel was 55k points a night. They get to use points as funny money and charge you basically whatever they want with points. Very easy way to dramatically lower the actual cash value.

Sure, let's have 200 credit cards because each merchant wants to avoid paying 30 cents to Mastercard/Visa.
And then establish a convoluted points scheme to make customers think they get more than they actually do.
Isn't that getting old?

WyeSure, let's have 200 credit cards because each merchant wants to avoid paying 30 cents to Mastercard/Visa.
And then establish a convoluted points scheme to make customers think they get more than they actually do.
Isn't that getting old?

In the words of P.T. Barnum, there's a sucker born every minute.

As I mentioned earlier, there are people at various points in their lives. This particular credit card's primary target audience is the 18-24 age bracket followed by the 25-29 bracket.

By the time many people reach their 30s, they have different priorities like raising a family or setting up a house so credit card benefits will swing to other categories. Microsoft Store points aren't going to fill up your shopping cart with baby food, diapers, or new rugs. Older people have homes that are pretty well furnished so they'll end up going for more travel-related perks like cards with no foreign transaction fees or airport lounge access.

When I'm standing in line at a supermarket or big box store, I often see people pull out wallets with 15-20 credit cards (or have that many in the phone's e-wallet), each one for a particular situation. I probably have 7-8 credit cards but use only two or three in my regular rotation, the rest stay in an drawer in my home office. I have two that have no foreign transaction fees so those come out when I travel internationally.

I don't own the exact same cards I had 20 years ago. It's okay to change them up occasionally. They're just financial instruments that are there for a individual's convenience. I certainly don't have any interest in most of them.

Remember that there is no one single credit card that is perfect for everyone everywhere in all situations. Americans are fortunate to have a wide variety of consumer cards to select from. I don't really care if someone uses an Xbox Mastercard to pay for their next Doordash delivery to get 3 percent off. After all another Xbox cardholder who is paying 22% interest is underwriting that bennie, not me.

You are free in most situations to pay with cash, a check, debit card, or some crap credit card that offers almost zero benefits. But let's be real, in the USA in 2023 you really need a credit card to develop a good credit history which is increasingly important for things like good insurance rates, auto rental, consumer purchase protection and even things like renting an apartment or applying for a job. You'll want excellent credit once you buy real estate to get better mortgage rates. This can provide savings of tens of thousands of dollars of mortgage interest over the long term.

The "buy now pay later" on ms edge wasn't enough, now they're also pulling a console credit card out of the hat

This is disgusting pure and simple. The only thing worse is payment processors recent clamp down on generated disposable cards, this seems like a second part of that: tie in your xbox subscription to your xbox card that you'll never be able to cancel.