I have converted gems into 10,000 reward points but they haven't deposited yet.

Hello,

From the FAQ on Vault Credits:

I claimed Rewards Credits from the vault. When will I receive them?

If you claim Rewards Credits from the MyVIP Vault, they should appear as pending in your account within 96 hours. Once they are pending in your account, the normal deposit process kicks in. Generally if you have over 5,000 Rewards Credits pending in your
account in the first half of any given month, that amount will be converted to your local currency and deposited into your Microsoft account on or around the 30th of that same month. If the Credits show as pending in the second half of the month, that amount
will be deposited into your Microsoft account on or around the 15th of the next month.

Please note you need at least 5,000 Rewards Credits pending to automatically trigger a deposit, though you can request a deposit for the next scheduled date as long as you have 1,000 Credits pending. Also, if you have ongoing issues with us depositing
into your account, such as your account not matching up with your billing location, you might want to consider choosing a different prize from the vault, as we won’t be able to deliver your Rewards Credits until the deposit issue is resolved.

If you don't redeem the gems by June 15, they will be converted to Microsoft Rewards points.

If you have any pending credits by May 31, 2018, they will be deposited into your account as currency by the end of June. If there is an issue depositing credits into your account, they will be converted to Microsoft Rewards points.

I think I may also be having this same type of an problem since I just yesterday tried to use some of my gems too for an 250 Gem reward, no email for that one yet.

5,000 Rewards Credits for 250 Gems ,

but in any case I have yet to get an redeem email code for it, not really sure where I need to go for them to send me my code anyway, it sounds related to some of these problems report on this forum. I think it should convert the points to Microsoft rewards
points correct, so I can use it on my xbox one, anyway if it was an direct $5 dollar deposit that would be fine, but I don't think its show up on my account yet. it sounds like their having problems with some of these 250 gem rewards , I used an 100 gem rewards
also yesterday I got an email for that one, but not my 250 gem reward yet.

I think I may also be having an problem since I just yesterday tried to use the

5,000 Rewards Credits for 250 Gems but I have yet to get an redeem email code for it, not really sure where I need to go for them to send me my code anyway, it sounds related to some of these problems report on this forum. I think
it should convert the points to Microsoft rewards points correct, so I can use it on my xbox one, anyway if it was an direct $5 dollar deposit that would be fine, but I don't think its show up on my account yet. it sounds like their having problems with some
of these 250 gem rewards , I used an 100 gem rewards also yesterday I got an email for that one, but not my 250 gem reward yet.

From the Microsoft Rewards Migration FAQ: "any unredeemed MyVIP Gems will be converted to Microsoft Rewards points and can be used to redeem rewards from the Microsoft Rewards catalog once your membership is transitioned. One MyVIP Gem will convert to one
Microsoft Rewards point".

If one gem equals one Microsoft Rewards point , and I have 500 Microsoft Points, that's roughly about 50 cents worth, because a $5 gift card is about 5,000 points.

Whereas if I were to redeem them through Xbox Live Rewards, 500 gems would get me 10,000 Rewards credits - if only such a thing were not "out of stock" - how does that work exactly except that Microsoft chooses for it be out of stock, so they force me to either
put up with giving me a tenth of the value or having to buy something useless like Overwatch wallpaper?