Since Xbox Series X is limited and should spend full price up front to get it, Microsoft finally surprises the public by providing the payment options that make it easier for the users. If you are an Xbox user, you may already know the term ‘Xbox All Access’.
So, what exactly is the Xbox All Access? Is it worthy for the users to choose? If you really want to know about Xbox All Access Series X deeply, let’s find out more information about it through our post below!
What is Xbox All Access?
It’s such good news for those who really want to have Xbox Series X, but your budget is unreliable. Well, Xbox All Access is a financing payment that facilitates people who want to get Xbox Series X with installments. In other words, you need to apply for a line of credit with a certain bank.
The bank that offers you a line of credit is Citizen Bank that will charge you $35 per month for 24 months for the Series X bundle. Aside from Xbox Series X Bundle, you can also get a line of credit that will charge you $24.99 per month for the Series S bundle over the same timeframe.
However, the Xbox Series S bundle is very easy to find standalone. So, we think that you shouldn’t apply for a line of credit in order to get this Xbox Series. You definitely can get an Xbox Series S for $300 right now at GameStop.
In short, Xbox All Access is an alternative to finance an Xbox over two years rather than purchasing a console up-front. Xbox All Access also includes Xbox Game Pass Ultimate for the duration of the contract.
Is the Xbox All Access Worthy?
Amid Covid-19 pandemic, many people may put their entertainment needs not on the first list, perhaps on second list, third list or even on the last list. It’s so normal, as most people will prefer to meet their primary needs rather than entertainment needs in this economically challenging situation.
To give a solution in this hard condition, Microsoft offers alternative payment options to people through Xbox All Access, so that they will keep to meet their entertainment needs. So far, Xbox All Access is so worthy to choose, as it will relieve you a lot.
If you think that most credit offers are really burdensome with the unreasonable interest they offer, but it’s totally different from the Xbox All Access credit offer. According to some people who have chosen the Citizen Bank line of credit, they revealed that this financing option is really safe to use.
The important thing that you should know about Citizen Bank line of credit is that it has a 0% annual percentage rate (APR). It means that you will not pay any additional interest, in addition to the $35 per month. Aside from that, you will not be charged with annual fees, late fees or penalty fees.
You will be surprised knowing that Citizen Bank line of credit really offers 0% APR, along with the lack of penalties and late fees. You may already know that most companies will make their money by charging people interest if they do not pay their bills in full each month. They will also make extra money by charging administrative fees on top of that.
With Citizen Bank line of credit, if you pay $35 on time each month for 24 months, you will not be charged with additional cost. Otherwise, if you miss a payment, it may end up with services that you do not want or need.
How Does Xbox All Access Work?
Keep in mind, Microsoft with their financing alternative will lock yourself into a long contract. They actually encourage people to build lasting attachment to its new Xbox Series X and Xbox Series S.
Furthermore, that is a financing contract that actually offers deferred payments when bundling the console and online features up front with a discount. After the 24 months are over, the Xbox Series X or Xbox Series S will be yours to keep.
To get this financing alternative, you just simply apply for a line of credit with Citizens Bank. It’s totally the same as when you apply for a credit card. If Citizens Bank likes your credit, they will provide an Xbox Series X and also a monthly Xbox Game Pass Ultimate Subscription that will charge you $35 per month for the users.
If you are still confused how the Xbox All Access works, let’s do a little math. As you know, you should pay $35 per month for 24 months, if we add, it will come out to $840 overall. At retailers, an Xbox Series X costs $500, while a subscription for Xbox Game Pass Ultimate charges $15 per month.
If we multiply $15 to 24 months, it comes out to $360. We can conclude that you will get $860 worth of goods for $840. Certainly, that is not a huge discount, but the important part is that Citizens Bank will not overcharge you, either.
So, if you feel comfortable to apply for a new line of credit with Citizens Bank, you have to spend $35 per month for the next 24 months. By choosing this option, you will also get two years’ worth of Xbox Game Pass Ultimate, so Xbox All Access will make sense.
If you are interested in applying for a line of credit with Citizens Bank to gain Xbox All Access, you just simply go ahead now via Walmart, as long as the Xbox Series X console is in stock.
Can You Cancel an Xbox All Access Contract?
Unfortunately, you cannot, as this is a binding contract rather than a subscription. Of course, there is no way to cancel your contract beyond the first 30 days. Aside from that, you will be able to gain a replacement console outside of a limited warranty coverage period.
The point is, it is not possible for you to cancel a 24-month contract and shed the Xbox Game Pass Ultimate to reduce costs during the contract. So, you should take a consideration before taking this line of credit with Citizens Bank.
AUTHOR BIO
On my daily job, I am a software engineer, programmer & computer technician. My passion is assembling PC hardware, studying Operating System and all things related to computers technology. I also love to make short films for YouTube as a producer. More at about me…
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