UPDATE: limit of 5 each is now in place
UPDATE #2: still available but number of points required has been fixed to be 4,650 points for $5 off. $10 off is no longer available. Congratulations to those who got it on the deal and sorry to those who did not or had delayed orders/emails. Happy Holidays! Thanks, Microsoft!
I recently found this on Reddit at /r/XboxOne, courtesy of Nakatomi2010.
https://www.reddit.c...rosoft_rewards/
Anyway, I've been saving up Microsoft Reward points over several weeks, getting about 300 or so per day, planning on getting 12 months of Xbox Live for 29,000 points. I was at nearly 15,000 minutes ago and stumbled across this post on Reddit when searching for login issues on my Xbox One.
$5 or $10 off code: https://account.micr...em/000400000014
Go to the link above to redeem 500 or 1000 points for $5 or $10 off, respectively, at the online Microsoft Store.
Only 1 code per transaction, so they do not stack.
Xbox Gift Card: https://www.microsof...uctID.289171900
Select $5 or $10 for the value of the gift card, add to cart, and apply the promo card. Free Xbox credit.
I went through 15 separate transactions and now have $145 (14 $10 off and 1 $5 off) in credit to use on the Xbox or Microsoft stores. I don't believe this can be used towards Xbox Live, but this seems like a better deal overall, at least for those who do not mind digital vs. physical copies.
This is apparently a limited-time promotion and I suspect that it will not last long.
The emails may take some time to come through, but it took only a couple minutes per email for me with them going to my Outlook.com email address.
Good luck!