"Soon they'll be able to redeem Gold Points for eligible digital games and content for the Nintendo Switch system, too".
Starting early next month, users will be able to spend any Gold Points that they have collected in My Nintendo when purchasing new software for Nintendo Switch from the eShop on their device or via the company's website.
Gold Points are now worth 5% of the total amount paid when bought digitally, meaning that for a $60 purchase, the Gold Points from that purchase will give users $3 back to spend, however physical games will still only net you 1% of the game's total paid value.
The Nintendo Switch launched in March of 2017, making it nearly a year since its release. Points expire after a year if not used.
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The company has priced each Gold Point at one United Kingdom pence which means that users will need a lot of points to get any substantial discounts.
My Nintendo members already earn Gold Points by buying qualifying games.
If you're unfamiliar with the rewards program, you can sign up through this link, but if you have a Nintendo Account (most probably do) then you're good to go. For example, gold obtained in March 2018 will only be available until March 2019. They're valid for a year, expiring at the end of a given month, which means that you'll only have a small window of opportunity to turn the points earned from the Switch's launch back into cash.
How much a Gold Point is worth in real money hasn't been announced as of yet, but Nintendo assures that we'll be getting more information in the coming weeks.