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:
|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|
Booking travel with Flight Centre: 0.5 cents per point.
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: 0.5 cents per point.
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: 0.5 cents per point.
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: 0.46 cents to 0.48 cents per point.
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)|
Point transfers to partners: 0.25 cents to 1+ cent per point.
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. Here's the full list of partners:
While having this many partners offers great flexibility, the transfer ratio for a good handful of these 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.
Shopping the Awards eShop: 0.2 cents to 0.3 cents per point.
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: 0.53 cents per point.
CommBank Awards points can be donated to charity. Donations start at 4,650 points for a $25 donation.
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.
|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|
How To Earn CommBank Points
CommBank offers a handful of credit cards you can use to earn CommBank Awards points.
|Credit Card||Card Details|