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# Bendigo Points Value Calculator

Calculate the cash value of Bendigo Bank Rewards Points and get the details on what you can redeem Bendigo Bank Rewards for.
Last Updated: 02-16-2024

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)
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 Γ· 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

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.

Redeem Bendigo Rewards Points - Gift Cards
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.
Points
 Gift Cards, Donations0.269 Cents \$0 Merchandise0.25 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.

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 Bendigo Rewards points along with any taxes, fees, or additional cash cost you would have to pay.
Bendigo Points
Points
Taxes/Fees
\$
Redemption Value
This is how much your Bendigo Rewards points are worth based on the values entered above.
- Cents Per Point

## 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
• Earn 1.5 points per \$1 spent on all purchases.
• International travel insurance and shopping coverage.
• No fee for additional cardholders.
• \$89 annual fee.

## 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.

Bendigo Rewards Points Calculators & Guides