Razer just announced the Razer Card, a prepaid card that offers cashback (sorry miles people), and they are opening the card to beta testing for a fittingly appropriate 1,337 users (register here).
About that cashback rate
Before one gets too excited about another cashback card to shake things up, the Razer Card gives a really abysmal 1% cashback rate. This brings me back to some darker days where I was ineligible for credit cards and had to settle with a 1% cashback debit card… and that’s probably the point: there are probably many gamers who are not of working age and can’t get a proper credit card, and 1% is better than 0%.
The 1% is also on “all purchases” and I wonder how long Razer intends to stick by that. There are many types of expenses that are typically excluded from most credit card rewards, and 1% is again better than 0% for such expenses....