If you’ve been consistently building up your Xbox 360 Gamerscore for years, you’re about to get rewarded…kind of.

Microsoft has just launched an all new rewards program for Xbox gamers. It’s called MyAchievements and allows your Gamerscore to be used for some modest prizes.

“You’ve been faithfully building your Gamerscore for years now. To reward you for your dedication, we’ve created MyAchievements for Xbox LIVE Rewards Gold members. The MyAchievements level that you earn – CONTENDER, CHAMPION OR LEGEND – depends on your Gamerscore. The higher your score, the bigger the reward!” says Microsoft.

Once you join the Xbox LIVE rewards program, here’s how it will work:

Once you hit 3,000 Gamerscore, you’ll start receiving a “special gift” on your birthday. According to fine print, that gift will retail at around $0.25. That’s the “Contender” level. When you hit 10,000 Gamerscore, you’ve become a “Champion” and will receive the birthday gift plus a 1% rebate on Xbox LIVE Marketplace purchases accumulated every month. The top tier is called “Legend” and you hit it when you reach 25,000 Gamerscore. At that level, your Marketplace rebate is bumped up to 2%.

When you think about all the hours it takes to accumulate a 25,000 Gamerscore, you start to realize just how modest these rewards really are. But oh well, guess you can’t complain about getting something for free.

You have to be a member of Xbox LIVE Gold to apply for the rewards program. You don’t have to start from scratch, as any achievement points you’ve earned up to this point will count towards your level.

[h/t The Verge]