Xbox Live "Play to Earn" incentives live from April 1

Microsoft has launched a new "Play to Earn" incentive called MyPunchcard on Xbox Live. It will gift players with free MS Points for spending big - like a cashback scheme - and more.

Major Nelson posted a run-down of how MyPunchcard works on his blog today, detailing three reward tiers that will go live from April 1.

1. Play 20 hours of any combination of arcade games, receive a free avatar item
2. Purchase any four arcade games for 400 Microsoft Points or more from Xbox LIVE, receive a one month Xbox LIVE Gold membership
3. Spend 3200 Microsoft Points on arcade games, receive 800 Microsoft Points in return.

The tiers above are only open to Xbox Live Gold members. Meet all three criteria in April and you will earn a place in what Nelson calls upcoming "VIP Exclusives", whatever those are.

What do you think? Good idea? Crap idea? Speak your brains below.