For people like me who have been participating in MS Rewards for a while, you are probably aware of the many, many changes Microsoft have been making to the Rewards program recently. Most of these changes have involved nerfing and reducing the amount of points we can get as well as search cooldown times. It's made the program go from something easy that takes a few minutes a day to something that feels like a real chore.
Recently the worry has been that MS will increase the amount of points needed to redeem each reward, given inflation. Some countries have copped big increases. Just not in Australia! Yet. For some strange reason been given a roughly 20% discount on redemptions!
For example:
Microsoft/Xbox Gift Card:
$5 gift card - Was 4,750 points, now 3,755 points
$25 gift card - Was 23,600 points, now 18,765 points
Amazon/Target/Coles/Good Guys Gift Card:
$5 gift card - Was 6,750 points, now 5,135 points
There are greater gift card amounts than $5 but these seem to differ per store but all seem to be the same rate.
Amazon did have a "Custom amount" where you can choose a gift card amount up to $150 but they may have taken that option down as I cant see it this morning.
For me it's been a good run with MS Rewards but with all the changes and slowdowns with searches, I decided it to cash out while we have a discount. I got a $150 giftcard last night for 153,750 points. I also got some MS Giftcards and preordered Elden Ring Shadow of the Erdtree.
The new rates might be permanent, or might be an error, who knows!
My only real use for my points is cashing in for game pass core 3 month codes to extend my gamepass ultimate. I've got 3 years stacked up and it's 300 points a day to keep extending it this way so I've got enough points at current rates backed up for an extra year in my sub.