Microsoft to change its Xbox Live Rewards scheme from August 2013 as Microsoft Points are phased out
An email sent from Microsoft today confirmed that the company will be making changes to its Xbox Live Rewards scheme in the coming months. The changes are required as the current program rewards users with Microsoft Points, and those Points are being phased out so that the Xbox Live Marketplace can use real-world currency.
"With all these changes, it's become necessary for us to evolve the way we reward you. Starting August 1, 2013, you will not be able to earn Microsoft Points through Xbox Live Rewards any longer," the email from Microsoft began.
"Not to worry, though! Since this currency change is impacting the structure of the program, we're taking the opportunity to make Xbox Live Rewards even better. You'll continue to get rewarded for doing the things you love on Xbox Live – just not with Microsoft Points. So come back to rewards.xbox.com on September 1, 2013 for the full scoop. You can also follow us at @XboxLiveRewards on Twitter for the latest updates," the email continued.
Pending Microsoft Points on your Rewards account will be transferred over to your gamertag on 7 August 2013. Microsoft also confirmed that "if you still have Points in your Xbox account when Microsoft Points are retired, they'll be transitioned into your country's local currency."
An FAQ about the transition is available on Microsoft's site.