Bendigo Bank Rewards Points can be redeemed in the Bendigo Bank Rewards Portal towards gift cards, merchandise, and charitable donations. You can also redeem your points for cash back into your account.
Bendigo Rewards points value
How much are Bendigo Rewards points worth? The answer: about 0.26 cents per point on average. This means that 10,000 points are equal to roughly $26 in value.
Here's our valuations for Bendigo Rewards points:
| Redemption options | Redemption value (in cents) |
|---|---|
| Gift cards | 0.26 |
| Donations to charity | 0.26 |
| Merchandise | 0.25 |
| Cash back | N/A |
How to calculate Bendigo points value
The value of Bendigo Rewards points can vary depending on how they are redeemed. You can calculate the value of Bendigo Rewards points by dividing the cash cost of your redemption by the amount of points required.
Bendigo Points Value = Cash Cost of Redemption ÷ Points Required for Redemption.
If you want to easily calculate the value of your points based on redemption versus cash cost, jump to our Bendigo Redemption Value Calculator.
Ways to redeem Bendigo Rewards points
Bendigo Rewards points can be redeemed for gift cards, merchandise, charitable donations, and cash back. You will get the best value when redeeming points for gift cards.
Gift card redemptions
You can redeem Bendigo Bank Rewards Points towards gift cards which will give your points a value of 0.26 cents each. There's a good list of cards to choose from and the denominations range between $20 and $100 for most cards.
The table below breaks down how many points you'll need for each denomination. Do note that denominations vary between gift cards and that e-gift cards may not be available for all retailers.
| Denomination | Points Needed |
|---|---|
| $20 | 7,410 Points |
| $50 | 18,520 Points |
| $100 | 37,040 Points |
| $200 | 74,075 Points |
| $250 | 92,595 Points |
| $300 | 111,115 Points |
| $500 | 185,190 Points |
Merchandise redemptions
You can use Bendigo Bank Rewards Points for merchandise purchases through the Bendigo Rewards Portal. The amount of value you get out of using your points for merchandise will vary depending on what you plan on buying. Categories cover:
- Kitchenware
- Home & Living
- Outdoor & Living
- Technology
- Fashion & Beauty
- Wine & Entertainment
If you know the retail cost in cash and the cost in points, you can use the Bendigo Redemption Value Calculator to calculate how much value you'll get out of your points for the redemption.
Donations to charity
Bendigo Bank Rewards Points can be donated to more than 20 different charities which will give your points a value of 0.26 cents each. The denominations are broken up the same as gift cards redemptions.
Cash back redemptions
Bendigo Bank Rewards Points can be redeemed towards cash back into your account. This can be done by logging into your Bendigo Bank account and clicking on the Cash Back link under your points balance.
Bendigo does not list any details about the redemption to non-cardholders, so I am unsure of the value you can obtain from this redemption.
Calculator: Convert Bendigo points to dollars
Use the Bendigo Rewards Points Value Calculator to calculate the average value of your points based on the available redemption options. You can enter any amount of points in the field below.
Bendigo Points Value Calculator
Enter any amount of points to calculate Bendigo points to dollar value.| Gift Cards, Donations 0.269 Cents |
$0 |
| Merchandise 0.25 Cents |
$0 |
Calculator: Bendigo Rewards redemption value
Use our Bendigo Rewards Redemption Value Calculator to determine the cash value of a redemption based on the cost in cash versus the cost in Bendigo Rewards points. This tool is useful when trying to decide whether a redemption is worth it.
Credit cards that earn Bendigo Rewards
Bendigo Bank offers one personal credit card that you can use to earn Bendigo Bank Rewards Points on everyday purchases.
| Credit Card | Card Details |
|---|---|
Bendigo Platinum Rewards Credit Card
|
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FAQ
What's the value of Bendigo Rewards points?
Bendigo Rewards points are worth about 0.26 cents per point on average.
What can you redeem Bendigo Rewards points for?
Bendigo Rewards points can be redeemed for cash back, gift cards, merchandise, and charitable donations.
