According to an announcement on Microsoft's Xbox Live Rewards website, the incentive program for Xbox Live is going to be revamped in September. Most of the changes have to do with the program doling out MS Points. With MS Points going the way of the dinosaur soon in favor of real-world currency, this is not an unexpected announcement.
Microsoft encourages Xbox Live Rewards members to return to the website on September 1 for more details on the revamped program.
You can find the full statement below:
As you may have heard from the announcements at E3, major changes are coming to Xbox Live. One of these changes is the switch to local currency for purchases on Xbox. That means Microsoft Points will soon be retired and you’ll instead be able to use money to purchase content on Xbox (see Xbox.com Points FAQ for more info).
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. 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.
Finally, despite the Microsoft Points changes, all your hard work will not go to waste. On August 7, 2013 we’ll deposit ALL your Pending Rewards Points into your account, even if you have less than 100. And if you still have Points in your Xbox account when Microsoft Points are retired, they’ll be transitioned into your country’s local currency. Your currency will be available for use at the Xbox Stores as usual.
No doubt the new system will also apply to Xbox One, which hits retail in November….