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.
| 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.
| 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.| 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.
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®
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Bankwest More Platinum Mastercard®
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Bankwest More Classic Mastercard®
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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.
