Razer’s financial technology arm, Razer Fintech, and Visa have announced the Razer Card. The virtual card will come with no subscription, while users have the option of upgrading to a Standard or Premium physical card. The card will come with year-long 1% cashback with no capped limit, a gamified rewards system in-app, and can make payments at any location where Visa is accepted.
If you’re planning to get a physical card, you’ll probably want to get the premium one which lights up when you pay! No Chroma (yet?), but you’ll get the wonderful Razer green to accompany your payments.
The card is set to launch in in Singapore January 2021, but interested parties can sign up for the beta testing programme. Up to 1,337 users will be selected from now till 31 Dec, and you can sign up here. After the Singapore launch, Razer Fintech aims to expand globally to other areas where Razer Pay is available, subject to local regulatory approvals.
Meanwhile, those accepted into the beta testing programme will be able to test the virtual and physical cards, and provide feedback before its public release. Beta testers will enjoy 10 per cent cashback on RazerStore and Razer Gold purchases, as well as gamified Card Beta rewards where you can complete tasks, level up and redeem up to S$2,000 worth of Razer gear and free card upgrades.
The beta, set to take place for 3 months, will be Razer first-ever beta test by Razer in Singapore.
Benefits, in a slice
The Razer Card is integrated into the Razer Pay system. With the card, users can receive cashback for all payments with:
- 1 per cent for purchases across all categories
- Up to 5 per cent on RazerStore and Gold purchases
- No minimum spend and no limit for cashback
The gamified rewards system replaces the usual card loyalty programmers, giving card users a way to track, score and redeem rewards based on tasks and transactions.
Users can opt-in to get their hands on a free virtual card via Razer Pay and easily activate and access card information and controls in-app. You can also chose to upgrade to own one of the numberless-designed physical cards, including the premium one that lights up.
The launch of the card is in line with Razer Fintech’s aim to establish the world’s first global youth bank. They have recently applied for the MAS (Monetary Authority of Singapore) Digital Full Bank License in Singapore.
“Right from the start, we have been very excited about our collaboration with Visa to transform the digital payments experience globally. Over the last year, since our initial announcement, a lot of time and effort has gone into developing and perfecting this product, that is truly going to value-add significantly to the lifestyle of our users. With this Razer Card, we have co-developed a unique prepaid solution that further cements our position as the largest offline-to-online digital payment network in the region. This collaboration opens up many opportunities for us to reach out and meet the needs of consumers, particularly the youth and millennials,” said Lee Li Meng, Chief Executive Officer, Razer Fintech.
“We’re excited to launch the Razer Card, the first Razer Visa prepaid product, to expand digital payments access to youth and millennials. Razer cardholders will enjoy a number of benefits including unlimited cashback for online and face-to-face purchases. The Razer Card will also feature contactless payment technology, allowing cardholders to tap to pay for their day-to-day activities such as taking public transportation on buses and trains, buying movie tickets at the cinemas and purchasing a meal at quick-service restaurants,” said Kunal Chatterjee, Visa Country Manager for Singapore & Brunei.