What's The Value of Bankwest Rewards Points?

Travel Rewards
Discover the value of your Bankwest Rewards Points and explore the various redemption options available to you. Use our calculator to make the most of your rewards!
Last Updated 2023-08-01 By R.Flowers III

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.

Here's our valuations for Bankwest Rewards points:

Redemption options Redemption value (in cents)
Redeeming points for cash back 0.25
Gift card redemptions 0.22 - 0.25

Gift cards and vouchers: 0.22 to 0.25 cents per point.

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.

Bankwest 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

Cashback redemptions: 0.25 cents per point.

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, and experiences: varies per point.

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.

Bankwest points to dollars

Use the Bankwest More Rewards Points Value Calculator to determine the average value of your points based on the available redemption options. This will give you an idea of how much your points are worth on average.

Enter any amount of points to calculate the dollar value.
Redemption options Average value
Cashback redemptions $0
Gift cards and vouchers $0 - $0

How To Earn Bankwest Points

Bankwest offers three credit cards that you can use to earn points on everyday spending. If you really to get solid value out of the program, you'll want to consider the World Mastercard or Platinum Mastercard.

Credit Card Card Details
  • Earn 2.5 points for every $1 spent on the card — uncapped.
  • Enjoy 10 complimentary lounge visits per calendar year for you and your accompanying guests to access over 1,000 lounges worldwide with LoungeKey.
  • Enjoy complimentary overseas travel insurance and no foreign transaction fees.
  • $270 annual fee.
  • Earn 2 points for every $1 spent on the card, up to 400,000 points per calendar year.
  • Enjoy complimentary overseas travel insurance and no foreign transaction fees.
  • $160 annual fee.
  • Earn 1.5 points for every $1 spent on the card, up to 150,000 points per calendar year.
  • $100 annual fee.


What's the value of Bankwest Rewards points?

Bankwest Rewards points are worth 0.25 cents apiece on average. This means 10,000 points would have a value of about $25.

What can you redeem Bankwest Rewards points for?

Bankwest Rewards points can be redeemed for cash back, gift cards, merchandise, food, and experiences.

Calculate Total Rewards & Card Value Per $1 Spent For Australia Credit Cards
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