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Bankwest More Rewards gives you a way to earn points on your credit card spending and overall account. You can choose from over 3,000 rewards available on the Bankwest More Rewards website, including travel bookings through webjet.com.au, gift cards for popular brands, cashback or even a new coffee machine.
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.
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.
Below, we've got a rundown of the different types of rewards you can choose from:
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 and, if you have a Bankwest rewards card, log in so you can see all the rewards available to you right now.
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, but you can still work out the value of points based on what rewards you get with them.
To give you an idea, here are some examples of the value you can get from different rewards offered through the Bankwest More Rewards website in April 2021.
| Points needed | Reward | Reward value in dollars | Value per 1,000 points | Good for: |
|---|---|---|---|---|
| 20,000 | $50 cashback | $50 | $2.50 | Saving on your card spending |
| 36,700 | Gold Class Village/Event Cinemas voucher for 2 adults | $84 | $2.29 | Date night |
| 41,66 | $100 with Webjet | $100 | $2.40 | Travel you're already planning to book |
| 100,000 | $250 JB Hi-Fi digital gift card | $250 | $2.50 | Saving on a new TV or another planned purchase |
| 449,950 | Breville the Barista Express coffee machine (BES870) | $999 RRP | $2.22 | Getting something you wouldn't pay for OR using a lot of points in one go |
From these examples, the most value you'll get is $2.50 for every 1,000 points redeemed. The Breville coffee machine gives you the lowest value, at $2.22 per 1,000 points – and you need a LOT of points to get it without forking out some cash.
If there are other rewards you want to get, you just need to divide its dollar value 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. 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 More credit card.
The steps are different if you want to redeem points with Webjet:
Note: You can only use points for hotel bookings and travel insurance if the booking includes flights or if it's a holiday package.
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.
Let's put these 3 tips into practice with the Bankwest More Platinum credit card.
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.
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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