⚡️⚡️⚡️
With energy prices rising, switch to a cheaper plan
💡
Compare Prices Now
⚡️⚡️⚡️

Bankwest More Rewards

Got a Bankwest rewards credit card? Here’s how you can earn points and use them for cashback and other perks.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Bankwest More Rewards gives you a way to earn points on your credit card spending and overall account. You can redeem these points for cash-based rewards such as cashback or gift cards.

Bankwest isn't the only bank that has its own credit card rewards program, so here we'll go through exactly how it works to help you compare it to other options. And if you already have a Bankwest More Rewards credit card, we'll take you through how to get value from it.

Important: Changes to Bankwest More Rewards

In December 2021, Bankwest made some changes to the More Rewards program. This includes having a website for personal rewards credit cards (www.bankwestmorerewards.com.au), and what rewards you can get with your points.

At the moment, you are only able to redeem points for cashback on your account but Bankwest has said gift cards will be added as a reward option in the future.

How to earn Bankwest More Rewards points

When you have a Bankwest More credit card, you'll earn reward points per $1 on your eligible spending, with annual bonus points if you spend a set amount each year.

As the amount of points you earn is different for each card, we've laid out the details in a table.

Credit CardEarn rateAnnual bonus pointsPoints cap per year
Bankwest More Mastercard1.5 points per $1 on eligible spending19,500 points when you have spent at least $24,000 on eligible purchases in that year150,000
Bankwest More Platinum Mastercard2 points per $1 on eligible spending75,000 points when you have spent at least $48,000 on eligible purchases in that year400,000
Bankwest More World Mastercard2.5 points per $1 on eligible spending115,000 points when you have spent at least $84,000 on eligible purchases in that yearUncapped

What counts as "eligible spending"?

Most everyday transactions are eligible to earn points, including dining out, petrol and shopping for clothes or at the supermarket. Transactions that don't earn points are less common and usually have a financial aspect to them. This includes BPAY payments, cash advances, balance transfers, credit card rates and fee costs, any refunded transactions and government charges.

Introductory bonus point offers

If you don't have a Bankwest credit card at the moment, you could kick-start your rewards balance with an introductory bonus points offer. These deals usually give new cardholders thousands of bonus points for meeting a spend requirement. For example, 80,000 bonus points when you spend $4,000 in the first 3 months.

As with most rewards cards, the bonus point offers on Bankwest More credit cards are only available for a limited time, so check before you apply to see if there's a deal that you want.

What rewards can you get with Bankwest points?

Bankwest logo

Rewards are how you'll get value out of this loyalty program, and you can start redeeming them once you have around 5,000 points. In general, the more points you have, the bigger the rewards.

Right now, you can only redeem your Bankwest More Rewards points for cashback.

Important: The rewards you can get change over time, and sometimes the amount of points will also change. To get the latest details, head to the Bankwest More Rewards website. If you have a Bankwest rewards card, you can log in to see all the rewards available to you.

How much are Bankwest More Rewards points worth?

There's no fixed value for Bankwest More Rewards points because the dollar value is different between rewards. This is the case for most reward programs that give you more than one way to redeem points.

Currently, the Bankwest More Rewards website also doesn't list any details of rewards unless you log in. But if you have a rewards card you can work out the value of your points by dividing the dollar value of a reward by the number of points needed to work out the cost.

You can also use our guide to calculating the values of rewards points as a cheat sheet.

How to get the most value from the Bankwest More Rewards program

Always choose rewards that you want or need so you can at least save some cash. If there's nothing you want, just keep saving up points.

There is also a sale section on the Bankwest More Rewards website, where you'll find items that cost fewer points than before. Like retail sales, these deals are for a limited time – and can help you get more value for your points.

How to redeem Bankwest More Rewards points

You can use your points to get rewards online in just a few steps:

  1. Go to www.bankwestmorerewards.com.au and log in using your account details.
  2. Search rewards and click on the one you want.
  3. Check the details, click "Add to cart and checkout" then follow the prompts to redeem it.

You can also redeem points by calling Bankwest on 13 17 19 (personal cards). If you don't have enough points for your chosen reward, you'll usually be able to use points-plus-pay and cover the remaining value with your Bankwest credit card.

Hand holding a blue credit card

How to decide if the Bankwest More Rewards program is worth it for you

Bonus points, rewards and perks are great but there's always a chance the card's costs will outweigh any value you get from them. So here's what to think about before you apply.

  1. Look at the cost of the card. The annual fee and the interest rate for purchases are the key costs. Ideally, you want an annual fee that is worth less than the value of your rewards.
  2. Ask yourself how much you'll use the card. The main way you earn points is by making eligible purchases with your credit card. And to get the anniversary bonus points on a Bankwest More credit card, you also need to meet a yearly threshold. If you don't earn enough points, getting rewards won't be worth it compared to the account costs.
  3. Think about whether the rewards are actually valuable to you. You can look at all the rewards on offer through the Bankwest More Rewards website. If there aren't any that excite you, then this probably isn't the rewards program for you.

Bottom line? For some people, rewards are a great way to get something extra out of having a credit card. But other people will find that money-saving features actually give them more value.

Frequently asked questions

Back to top

More guides on Finder

  • Bankwest More World Mastercard

    Earn reward points as you spend, plus benefit from complimentary overseas travel insurance and 10 yearly airport lounge visits with the Bankwest More World Mastercard.

  • Bankwest Qantas World Mastercard

    Compare the features and costs of this card, including uncapped points for everyday spending, 0% foreign transaction fees on overseas and online purchases plus complimentary insurance covers.

  • Bankwest Breeze Classic Mastercard

    Enjoy 0% p.a. purchase and balance transfer offer for 15 months and a first-year annual fee waiver. Plus, the convenience of mobile payments and interest-free days on purchases.

  • Bankwest credit card complimentary travel insurance

    If you don’t want to pay for travel insurance, here’s what you’ll get with a Bankwest credit card offering complimentary insurance.

  • Bankwest Qantas Platinum Mastercard

    Earn Qantas Points as you spend and pay no foreign transaction fees with the Bankwest Qantas Platinum Mastercard.

  • Bankwest Breeze Platinum Mastercard

    The Bankwest Breeze Platinum Mastercard offers a $0 annual fee for the first year, 0% p.a. on purchases, balance transfers for 15 months, 0% foreign transaction fees and complimentary overseas travel insurance.

  • Bankwest More Mastercard

    Earn points while paying a competitive annual fee of $100 with the Bankwest More Mastercard.

  • Bankwest More Platinum Mastercard

    Get complimentary overseas travel insurance, 0% foreign transaction fees and bonus points every year you meet the spend requirement with the Bankwest More Platinum Mastercard.

  • Bankwest Zero Platinum Mastercard

    The Bankwest Zero Platinum Mastercard charges a $0 annual fee and 0% foreign transaction fees while boasting extras such as complimentary insurance and an introductory balance transfer offer.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

  1. Default Gravatar
    KassandraFebruary 4, 2017

    I want a Commonwealth Bank credit card

    • Avatarfinder Customer Care
      MayFebruary 5, 2017Staff

      Hi Kassandra,

      Thanks for reaching out.

      You may want to check the CBA credit cards on our website. You should be able to see different credit cards offered by CBA on that page.

      If you’d like, you can also check other credit cards that could meet your needs and preference.

      Hope this helps.

      Cheers,
      May

Go to site