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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.
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.
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 Card | Earn rate | Annual bonus points | Points cap per year |
|---|---|---|---|
| Bankwest More Mastercard | 1.5 points per $1 on eligible spending | 19,500 points when you have spent at least $24,000 on eligible purchases in that year | 150,000 |
| Bankwest More Platinum Mastercard | 2 points per $1 on eligible spending | 75,000 points when you have spent at least $48,000 on eligible purchases in that year | 400,000 |
| Bankwest More World Mastercard | 2.5 points per $1 on eligible spending | 115,000 points when you have spent at least $84,000 on eligible purchases in that year | Uncapped |
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.
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.
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.
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.
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.
You can use your points to get rewards online in just a few steps:
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.
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.
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.
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.
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.
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.
If you don’t want to pay for travel insurance, here’s what you’ll get with a Bankwest credit card offering complimentary insurance.
Earn Qantas Points as you spend and pay no foreign transaction fees with the Bankwest Qantas 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.
Earn points while paying a competitive annual fee of $100 with the Bankwest More 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.
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.
I want a Commonwealth Bank credit card
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