MyVIP Vault Rewards Credits balance discrepancy

Discus and support MyVIP Vault Rewards Credits balance discrepancy in XBoX Rewards & Social to solve the problem; Hi, I redeemed 15,000 MyVIP Vault Rewards Credits, but only $2.04 was deposited into my account. I spoke with someone on chat support and he suggested... Discussion in 'XBoX Rewards & Social' started by milo071w, Jun 10, 2018.

  1. milo071w
    milo071w Guest

    MyVIP Vault Rewards Credits balance discrepancy


    Hi,

    I redeemed 15,000 MyVIP Vault Rewards Credits, but only $2.04 was deposited into my account. I spoke with someone on chat support and he suggested I post here for resolution since it should have been $15 deposited.

    Thank you.

    :)
     
    milo071w, Jun 10, 2018
    #1
  2. Smwutches
    Smwutches Guest
    Help

    Gems can be used to "purchase" items in the vault. https://rewards.xbox.com/myvip/vault/ They don't actually have a set monetary value though.

    Credits are deposited into your Microsoft account balance as currency. Your 4,000 credits would be equal to $4.00 USD.
     
    Smwutches, Jun 10, 2018
    #2
  3. XBLRewards8
    XBLRewards8 Guest
    Not appropriate value

    Hello Sal Eedy,

    It sounds like you are confused about our currencies. Xbox Live Rewards Credits are not the same as MyVIP Gems. Gems are a type of currency that can be used to claim items from the MyVIP Vault at (Xbox Live Rewards).
    Rewards Credits are the Credits that are deposited into your account as currency.
     
    XBLRewards8, Jun 10, 2018
    #3
  4. XBLRewards8
    XBLRewards8 Guest

    MyVIP Vault Rewards Credits balance discrepancy

    Hello,

    From the previously available 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.


    You can review when your Credits were pending, as well as when you had 5000 pending, on the MyStatement on the MyRewards page.
     
    XBLRewards8, Jun 11, 2018
    #4
  5. XBLRewards8 Win User

    MyVIP Vault Rewards Credits balance discrepancy

    Hello,

    From the previously available 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.


    You can review when your Credits were pending, as well as when you had 5000 pending, on the MyStatement on the MyRewards page.
  6. XBLRewards8 Win User

    Not appropriate value

    Hello Sal Eedy,

    It sounds like you are confused about our currencies. Xbox Live Rewards Credits are not the same as MyVIP Gems. Gems are a type of currency that can be used to claim items from the MyVIP Vault at (https://rewards.xbox.com/en-US/myvip/vault/).
    Rewards Credits are the Credits that are deposited into your account as currency.
  7. Smwutches Win User

    Help

    Gems can be used to "purchase" items in the vault. https://rewards.xbox.com/myvip/vault/ They don't actually have a set monetary value though.

    Credits are deposited into your Microsoft account balance as currency. Your 4,000 credits would be equal to $4.00 USD.
  8. XBLRewards8 Win User

    Xbox live rewards not deposisting.

    Hello,

    From the previously available 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.

    From the transition FAQ:

    What about my current Xbox Live Rewards Credits and MyVIP Gems balance?



    If you have any pending Rewards Credits in your Xbox Live Rewards account on May 31, 2018, or if you are expecting your MyVIP deposit for purchases made in May 2018, Xbox Live Rewards will convert them into your local currency and deposit them in your
    Microsoft account by the end of June 2018. You will then have 1 year to spend that currency on digital items from the Microsoft Store.



    If Xbox Live Rewards is unable to deposit into your account for some reason, as long as you have not opted out to make the transition to Microsoft Rewards, any undeposited Xbox Live Rewards Credits and unredeemed MyVIP Gems will be automatically converted
    to Microsoft Rewards points and be added to your Microsoft Rewards account to redeem for whatever you choose from the Microsoft Rewards catalog. See the next question for when to expect your Rewards Credits and MyVIP Gems if you have opted-out of making the
    transition to Microsoft Rewards.

  9. XBLRewards8 Win User

    I need help

    Hello EricLimah,

    MyVIP Gems are not the same as Rewards Credits. They are used to claim items from the MyVIP vault. You can see your current Gem total at the top of the vault page at (https://rewards.xbox.com/pt-br/myvip/vault/).
    We see your Gems have all been added to your account.
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MyVIP Vault Rewards Credits balance discrepancy

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