The new rewards program is here.
With the abolition of Microsoft Points, the Xbox Live rewards program has been relauched, with a new ‘credits’ based system that converts into money for your Xbox Live account and new ways to earn reward points.
You can earn 1,000 credits for playing a new game, but you must play it for at least 10 hours within your first 30 days with the game. Also, this applies only to disc based releases, with Xbox Live Arcade and Indie titles not eligible for this reward.
You can also get money back on Xbox Live purchases, with the amount you earn back depending on what your Gamerscore is. The higher your score, the more you get back. So, for example, between 3,000 and 9,999 Gamerscore will earn you the lowest rank of ‘Contender’ and reward you with 50 credits for every £6.70 spent. If you have 75,000 points, you will have the ‘Master’ rank and get 300 credits for the same expenditure.
5,000 credits is the equivalent of £3.35 in real money, so you’re not gettin a lot back. The credits are deposited into your account the 15th and 30th of each month, or you can ask for an earlier deposit if you have at least 1,000 credits.
It’s not a lot, but combined with other credit scoring activities, such as recommending a friend, using apps, taking surveys and renewing your subscription, you could earn a bit of cash back.