Bendigo Rewards Points Value: How Much Are They Worth?

Rewards 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 2023-08-01 By R.Flowers III

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.

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

Gift card redemptions: 0.26 cents per point.

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
bendigo rewards

Merchandise: 0.25 cents per point.

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 Points and Miles Cash Value Calculator to calculate how much value you'll get out of your points for the redemption.

Donations to charity: 0.26 cents per point.

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: n/a.

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.

Bendigo points to dollars

Use the Bendigo Bank 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.

Enter any amount of points to calculate Bendigo points to dollar value.
Gift Cards, Donations
0.269 Cents
0.25 Cents

How To Earn Bendigo Bank Rewards Points

Bendigo Bank offers one personal credit card that you can use to earn Bendigo Bank Rewards Points on everyday purchases.

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


What's the value of Bendigo Rewards points?

Bendigo Rewards points are worth about 0.269 cents per point on average.

Calculate Total Rewards & Card Value Per $1 Spent For Australia Credit Cards
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