On August 1st Xbox Live’s Rewards program is being shut down for a month. Don’t freak out! Your earnings will still be tracked, you just won’t be getting Microsoft Points anymore. On September 1st, the plan is to convert those earned points into their new currency. Expect problems though guys. It’s going to be a new system, issues will surely arise no matter how much testing they do. Don’t panic and get in a huff when things go wrong.
The one thing you might want to keep a look out for is that any points you had already earned through promotions or contests will still keep their original expiration date.
These answers from the FAQ should clear up any questions you have:
- The currency change allows you to use a single Microsoft account to purchase games, movies, apps, and entertainment from your favorite Xbox stores – or the Windows Phone Store for users with a Windows Phone 8!
- Microsoft Points Cards you purchase at retail will continue to be redeemable on your console and Xbox.com until further notice. Microsoft has no plans to discontinue acceptance of previously purchased Points cards and codes.
- If you choose to use the currency in your Microsoft account for a purchase, we will automatically use the earliest expiring currency first.
- While you won’t be able to get a cash payout of currency from your Microsoft account, you can use the currency in your account to buy a variety of content from Xbox, as well as apps in the Windows Phone Store for your Windows Phone 8 and games in the Xbox Games Store.
- Xbox Gift Cards (denominated in your local currency) will be available for purchase through our online retailers’ websites and in local retail stores later this year. These gift cards can be added to your Microsoft account online.
- Once your Microsoft account is funded, that currency can’t be transferred to another Microsoft account.
- Although your account will initially be set up with the currency in your Microsoft account as your payment method, you can still directly purchase content from Xbox stores using any other current form of payment available in your region, including credit cards.
- While we do not plan to offer a split payment option at this time, this option may be available in the future.
- We will not apply taxes when you purchase content using currency that we add to your account at the time of the transition. However, when you use currency that you add to your account after the transition (including from Xbox Gift Cards), all appropriate taxes will be applied to those purchases.
- The currency in your Microsoft account will not be able to be used to buy an Xbox LIVE Gold Membership at this time.
- Beginning in late 2013 or in 2014 (dates vary by region), you will be able to use the currency in your Microsoft account for music purchases of individual tracks and Xbox Music Pass on Windows 8.1; or for an Xbox Music Pass on Xbox One.
- Currency in your Microsoft account will not be a payment option for third-party subscriptions, such as TV programs, movies, games, and app subscriptions. However, you can purchase such subscriptions using another form of payment, including credit cards.
- You can move your Microsoft account from the region it’s associated with now to any other region up to one time every three months. However, after your Microsoft account transitions, the currency in your account will not move with you, so be sure to spend your currency before you change your account location!
- You will only be able to redeem currency from the region associated with your account.