Bankwest Rewards Points Value

Get the list of redemption options for Bankwest Rewards Points earned with Bankwest More credit cards. Calculate the cash value based on redemption.

Bankwest Rewards Points are worth 0.25 cents each when redeemed towards cashback. You can also redeem points for gift cards, vouchers, merchandise, and entertainment.

Bankwest Rewards Points Value Calculator

Use the Bankwest Rewards Points Value Calculator to calculate the average value of your points based on the available redemption options. You can enter any amount of points in the field below.

Bankwest Rewards Points Value Calculator

Enter any amount of points to see the average cash value.
0.25 Cents
Gift Cards
0.22 to 0.25 Cents
$0 - $0

Gift Cards & Vouchers

You can redeem Bankwest More Rewards Points for gift cards and vouchers with select retailers which will give you between 0.22 and 0.25 cents in value per point. You'll get the best value when you redeem at least 20,000 points for a $50 gift card. The table below lays out the value you'll get for each denomination.

Bankwst Points Value - Gift Cards & Vouchers
Denomination Cost In Points Point Value
$10 4,500 0.222 Cents
$20 9,000 0.222 Cents
$25 11,000 0.227 Cents
$50 20,000 0.25 Cents
$100 40,000 0.25 Cents
$200 80,000 0.25 Cents
$250 100,000 0.25 Cents
$300 120,000 0.25 Cents
$500 200,000 0.25 Cents

You have a handful of options when it comes to redeeming your points for gift cards and vouchers. Those options include:

  • Barbeques Galore
  • BCF
  • Bonds
  • Caltex StarCash
  • Coles Group & Myer
  • David Jones
  • Endota
  • Global Hotel
  • Good Food
  • Hard to Find
  • Harvey Norman
  • iTunes
  • JB Hi-Fi
  • Jetstar
  • Mitre
  • Myer
  • Netflix
  • Playstation
  • Priceline
  • Rebel Sport
  • Spotify
  • Supercheap Auto
  • Ticketmaster
  • Uber
  • Uber Eats
  • VIP Home Services
  • Woolworths WISH
  • Xbox
  • You Foodz
  • Sofitel Hotels
  • MGallery Hotels
  • Mercure Hotels
  • Grand Mercure Hotels
  • Novotel Hotels
  • Ibis Hotels
  • Crown Hotels
  • Accor Hotels
  • Pullman Hotels
  • Flight Centre


Bankwest More Rewards Points can be redeemed for cash back in the Bankwest More Rewards portal. You can redeem a minimum of 20,000 Points for $50 in cash back which gives your points a value of 0.25 cents per point. The table below lists the denominations you can redeem your points for.

Bankwest Points Value - Cashback
Cashback Cost In Points
$50 20,000 Points
$100 40,000 Points
$200 80,000 Points
$500 200,000 Points

Merchandise, Food, Experiences

You can use your Bankwest More Rewards Points in the portal towards a large selection of merchandise, food and wine, or for experiences. Merchandise categories include:

  • Baby & Kids
  • Beauty & Fashion
  • Electrical
  • Fitness & Outdoors
  • Food & Wine
  • Home & Garden
  • Travel & Luggage

Under the entertainment option, you'll find the option to redeem your points for experiences, magazines subscriptions, movie tickets, and theme parks.

The value you get out of your points will depend on the retail value of what you're using your points on. Experiences and magazines will typically give you the best bang for your buck, but there are usually some hidden gems found when searching for merchandise as well.

Regardless of what you choose, you'll want to make sure that you're getting at least a value of 0.25 cents per point. If an item offers less than this, you'll want to go for the cash back redemption instead (assuming you have enough points) and just use that cash back towards your purchase.

Updated 2021-02-06 By Robert Flowers III

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