The feature will arrive on July 17, alongside the service’s newest game additions, Donkey Kong 3 and Wrecking Crew, Nintendo announced on Tuesday.
You can see the games and rewind feature in action via the videos on this page.
Nintendo Switch Online launched in September 2018 and is required to play most Switch games online (Fortnite is a notable exclusion).
Members can also access the growing library of classic NES games, back up save data online, and receive special offers including free access to Tetris 99.
Nintendo said in April that nearly 10 million Nintendo account holders had signed up to Nintendo Switch Online.
The company also recently suggested it’s considering extending its Nintendo Switch Online library beyond the currently offered NES games to other legacy platforms.
“At this place we cannot tell new information about future classic hardware among others, but we are thinking about providing an extension of the online service which is currently providing Famicom [NES] software, as well as other methods of providing them,” he said.