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.
|Denomination||Cost In Points||Point Value|
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.
|Cashback||Cost In 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
- 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.
|Redemption options||Average value|
|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|
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.