Search Results Display Here
Select a country:

What's The Value of CommBank Awards Points?

CommBank Points have an average value of 0.5 cents each when redeemed towards Flight Centre, Myer, and cash back. Higher value can be obtained transferring points to partners.
By Robert Flowers III - 2024-02-18

CommBank Awards points can be redeemed for travel, cash back, gift cards, electronics, and at checkout with Myer and Flight Centre. You can also transfer points to a large handful of airline and hotel partners which has a chance to net you higher-than-average value.

CommBank Awards points value

Based on our valuations, CommBank points are worth about 0.5 cents per point on average. This means that 10,000 points is equal to $50 in value.

It's possible to obtain higher value by transferring your points to CommBank's airline and hotel partners and redeeming them for upper-class flights or high-end hotel stays.

Here's our valuations for CommBank Awards points:

CommBank Awards Value
Redemption options Redemption value (in cents)
Booking flights with Flight Centre 0.5
Pay with points at Myer 0.5
Cash back and statement credits 0.5
Gift cards 0.46 - 0.48
Point transfers to partners 0.25 - 1+
Awards eShop 0.2 - 0.3
Donations to charity 0.53

How to calculate the CommBank Awards points value

The value of CommBank Awards points can vary depending on how they are redeemed. You can calculate the value of CommBank Awards points by dividing the cash cost of your redemption by the amount of points required.

CommBank Awards 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 CommBank Awards Redemption Value Calculator.

Ways to redeem CommBank Awards points

You will get the best value out of CommBank points when transferring them to airline partners and redeeming them for upper-class flights. You can also net solid value redeeming them directly through CommBank for cash back or using them to pay at checkout with Myer and Flight Centre.

Booking travel with Flight Centre

You can use Pay with Points to redeem CommBank Awards points for travel through Flight Centre. Every 200 points redeemed is worth $1 in value with a minimum redemption of 2,500 points ($12.50).

Flight Centre can be used to book flights, hotels, car, cruises, vacation packages and more. You can redeem your points by selecting 'pay with CommBank Awards' or over the phone with Flight Centre.

Pay with points at Myer

CommBank Awards points can be redeemed towards purchases made in-store or online at myer.com.au using pay with points. Redemptions start at 200 points for $1 in value.

You can redeem your points in-store by asking a Myer team member and redeem your points online by selecting 'pay with CommBank Awards'. You can use Points plus Pay if you don't have enough points to pay for your entire purchase.

Cash back

CommBank Award points can be redeemed to pay off your purchases including the annual fee of your Awards credit card. Every 200 points is equal to $1 in cash back which gives you a value of 0.5 cents per point.

Gift card redemptions

CommBank Award points can be redeemed for gift cards and experiences starting at 5,350 points for a $25 gift card. You'll get the best value of 0.48 cents per point when redeeming your points for a $200 gift card.

The table below lists the breakdown of how many points are required for each denomination.

Gift Card Denomination Points Needed Point Value (in cents)
$25 5,350 0.467
$50 11,300 0.442
$100 21,000 0.476
$200 41,000 0.487
$250 52,500 0.476
$500 105,000 0.476

Point transfers to partners

CommBank Awards points can be transferred to a large list of frequent flyer and hotel rewards programs. This can give you out-sized value when transferred to select partners and redeemed for high value.

While having this many partners offers great flexibility, the transfer ratio for a good handful of them are not that great. Exchanging 3.5 points or higher for a single point or mile will make it hard to build your rewards and will heavily devalue your points in most instances.

Loading...

Shopping the Awards eShop

CommBank Awards points can be redeemed for merchandise in the Awards eShop. The value you get out of the eShop will heavily vary, but most items I price tested gave between 0.2 and 0.3 cents per point in value. You'll also find some items in the eShop on sale which can net you slightly higher value.

Another big plus is that you can use Points plus Pay, so you can use your points to shave down the cost of your purchase and pay the rest with your card.

Donations to charity

CommBank Awards points can be donated to charity. Donations start at 4,650 points for a $25 donation.

Calculator: Convert CommBank points to dollars

Use the CommBank Awards Points Value Calculator to calculate the dollar value of points when redeemed for travel, gift cards, and more. This will give you an idea of how much your points are worth on average.

CommBank Awards Points Value Calculator

Enter any amount of points to calculate the dollar value.
Points
Redemption options Average value
Booking flights with Flight Centre $0
Pay with points at Myer $0
Cash back and statement credits $0
Gift cards $0 - $0
Point transfers to partners $0 - $0+
Awards eShop $0 - $0
Donations to charity $0

Calculator: CommBank Awards redemption value

Use our CommBank Awards Redemption Value Calculator to determine the cash value of a redemption based on the cost in cash versus the cost in CommBank Awards 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 CommBank Awards points along with any taxes, fees, or additional cash cost you would have to pay.
CommBank Awards Points
Points
Taxes/Fees
$
Redemption Value
This is how much your points are worth based on the values entered above.
- Cents Per Point

Credit Cards that earn CommBank Awards points

CommBank offers a handful of credit cards you can use to earn CommBank Awards points. Here are those cards:

Credit Card Card Details
CommBank Ultimate Awards Credit Card
CommBank Ultimate Awards Credit Card
  • Earn up to 3 Awards points for every dollar spent up to and including $10,000 in a statement period on eligible purchases.
  • Pay no international transaction fees for purchases you make overseas or online
  • International travel insurance when activated before you travel.
  • No monthly fee if you spend at least $4,000 during your statement period. Otherwise the monthly fee is $35.
CommBank Smart Awards Credit Card
CommBank Smart Awards Credit Card
  • Earn up to 1.5 Awards points for every $1 spent up to and including $5,000 in a statement period on eligible purchases.
  • Earn up to 2 Bonus Points per $1 spent on your highest eligible purchase made in a statement period up to 1,000 Bonus Points.
  • Pay no international transaction fees for purchases you make overseas or online
  • International travel insurance when activated before you travel.
  • No monthly fee if you spend at least $2,000 during your statement period. Otherwise the monthly fee is $19.
CommBank Awards Credit Card
CommBank Awards Credit Card
  • Earns 1 Awards point for every $1 spent, up to $2,000 in a statement period.
  • Monthly fee of $8.
CommBank Business Platinum Awards Credit Card
CommBank Business Platinum Awards Credit Card
  • Earns 1 Awards point for every $1 spent, up to 300,000 points a year.
  • $300 annual fee.
CommBank Business Awards Credit Card
CommBank Business Awards Credit Card
  • Earns 1 Awards point for every $1 spent, up to 60,000 points a year.
  • $100 annual fee.

FAQ

What can CommBank Awards points be redeemed for?

CommBank Awards points can be redeemed for travel, cash back, gift cards, electronics, and at checkout with Myer and Flight Centre. They can also be converted into airline miles and hotel rewards points with CommBank's travel partners.

How much are CommBank Awards points worth?

CommBank Awards points are worth 0.5 cents per point on average. This means that 10,000 points are equal to $50 in value.

How many CommBank Awards points do you need to book with Flight Centre?

CommBank Awards points are worth 0.5 cents each when redeemed with Flight Centre. This means 10,000 points would be equal to $100 in value with Flight Centre.

How many CommBank points is $1?

200 CommBank Awards points is equal to $1 in cash value.

How much is 50,000 CommBank Awards points worth?

50,000 CommBank Awards points are equal to $250 in value.

How much is 80,000 CommBank Awards points worth?

80,000 CommBank Awards points are equal to $400 in value.

How much is 100,000 CommBank Awards points worth?

100,000 CommBank Awards points are equal to $500 in value.