Microsoft to offer refunds on Gold subscriptions

Bundled alongside yesterday's announcement of a Kinect-free Xbox One was confirmation of earlier reports that the company would be dropping the Gold requirement for streaming services. But what if you bought Gold just for those services? Microsoft has announced it will be offering partial refunds.

In a support FAQ (via Game Informer), Microsoft explains how it will work. You'll need to cancel your Gold subscription, thus proving that you don't really need it anymore, but that will net you a pro-rated refund on whatever time you have remaining. The offer only extends through August 31, 2014, and of course, trial Gold memberships aren't eligible. The offer will only be available after the system updates in June, so don't rush to do it now if you want some money back.