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.
Redeeming Bankwest Points
Bankwest More Rewards Points can be redeemed for cash back, gift cards, vouchers, merchandise, and entertainment. They have an average value of 0.25 cents per point.
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.
| 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
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 |
|---|---|
| $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.
Bankwest Points Value Calculator
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 |
|---|---|
| Cashback | $0 |
| Gift Cards | $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 | Benefits | Annual Fee |
|---|---|---|
|
|
$270 |
|
|
$160 |
|
|
$100 |
