Xbox Live Rewards revamped with loyalty 'punchcards' and local currency payouts

As part of its march toward the Xbox One's arrival, Microsoft has relaunched the Xbox Live Rewards service -- and it looked to your coffee shop for inspiration. Just as your local barista punches a tab toward that next free coffee, completing Redmond's MyPunchcards will net you Rewards Credits. Complete the current cards by Halloween and you'll get 5,000 credits ($5) for buying five map packs and 3,000 credits ($3) for renting five movies or TV episodes. As before, you're rewarded for re-upping your Xbox Live Gold subscription and referring friends, and each time you amass 5,000 Credits, they're converted to your local currency and deposited to your wallet. What's more, if you're impatient and have at least 1,000 credits in the bank, you can request an early payout. So much for saving for a rainy day.

Xbox Live Rewards revamped with loyalty 'punchcards' and local currency payouts

Ford CEO Alan Mulally's IFA keynote liveblog