Microsoft phased out Microsoft Points in favor of what we call “real people dollars,” and is now re-launching its Xbox Live Rewards service. Now, when players use Xbox Live to perform actions like renewing their Gold subscription or referring friends, they will be rewarded with hundreds or even thousands of credits.
Once players haul in at least 5,000 credits, the earnings are converted to local currency and deposited into their Microsoft account around the 15th and 30th of each month. Players that have earned at least 1,000 credits can request an early deposit. The conversion rate is $5 for every 5,000 credits.