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What's The Value of Bankwest Rewards Points?

Bankwest More Rewards points are worth 0.25 cents per point on average when redeemed for cash back and gift cards.
By Robert Flowers III - 2024-02-16

Bankwest Rewards points can be redeemed for cash back, gift cards, merchandise and more. The best value will generally come from redeeming points for cash back.

Bankwest Rewards points value

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

How to calculate Bankwest points value

The value of Bankwest Rewards points can vary depending on how they are redeemed. You can calculate the value of Bankwest Rewards points by dividing the cash cost of your redemption by the amount of points required.

Bankwest Points Value = Cash Cost of Redemption ÷ Points Required To Book.

If you want to easily calculate the value of your points based on redemption versus cash cost, jump to our Bankwest Redemption Value Calculator.

Ways to redeem Bankwest Rewards points

Bankwest Rewards points can be redeemed for gift cards and cash back. Both redemptions are pretty in-line with each other, but cash back is generally the best route to go since it's more flexible.

Gift cards and 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.

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

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

Calculator: Convert Bankwest Rewards points to dollars

Use the Bankwest 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.

Bankwest Points To Dollars

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

Calculator: Bankwest redemption value

Use our Bankwest Redemption Value Calculator to determine the cash value of a redemption based on the cost in cash versus the cost in Bankwest Rewards points. This tool is useful when trying to decide whether a redemption is worth it.

Cost of Redemption In Cash
Enter how much the redemption would cost you if you paid cash.
$
Cost of Redemption In Points
Enter how much the redemption would cost you in Bankwest Rewards points along with any taxes, fees, or additional cash cost you would have to pay.
Bankwest Points
Points
Taxes/Fees
$
Redemption Value
This is how much your Bankwest Rewards points are worth based on the values entered above.
- Cents Per Point

Credit cards that earn Bankwest Rewards points

Bankwest offers several 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
Bankwest More World Mastercard®
Bankwest More World Mastercard®
  • 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.
Bankwest More Platinum Mastercard®
Bankwest More Platinum Mastercard®
  • 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.
Bankwest More Classic Mastercard®
Bankwest More Classic Mastercard®
  • Earn 1.5 points for every $1 spent on the card, up to 150,000 points per calendar year.
  • $100 annual fee.

FAQ

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.