What's The Value of CommBank Awards Points?
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:
| 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 ÷ 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.
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.| Redemption options | Average value |
|---|---|
| Booking flights with Flight Centre | $400 |
| Pay with points at Myer | $400 |
| Cash back and statement credits | $400 |
| Gift cards | $374 - $381 |
| Point transfers to partners | $200 - $800+ |
| Awards eShop | $160 - $240 |
| Donations to charity | $431 |
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.
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
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CommBank Smart Awards Credit Card
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CommBank Awards Credit Card
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CommBank Business Platinum Awards Credit Card
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CommBank Business Awards Credit Card
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