Bankwest More Rewards

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

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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, 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.

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.

Below, we've got a rundown of the different types of rewards you can choose from:

  • Gift cards. To give you an idea of some brands, Finder found gift cards for Woolworths WISH, Coles Group Myer, JB Hi-Fi and THE ICONIC (among others) when we looked on the Bankwest More Rewards website in April 2021.
  • Cashback. You can get between $50 and $500 cashback to your account, with every $50 of value costing you 20,000 Bankwest More Rewards points.
  • Webjet bookings. You can use your points to pay for Webjet bookings, with 41,667 points worth $100. If you don't have enough points to cover the whole booking, you can use your Bankwest credit card to pay the difference.
  • Merchandise. If you want to use points on a new coffee machine, toaster or a gift hamper, the Bankwest More Rewards store has categories that cover most retail options. You can also search if you have an item in mind. This option is handy if there's an item on your wishlist that you don't want to pay for with cash, but it also usually gives you the worst value for your reward points. That's true for most reward programs, not just Bankwest, so keep that in mind if your goal is to get as much value as you can from points.
  • Experiences. You can use Bankwest More Rewards points to treat yourself to Gold Class movie tickets or theme park entry. The rewards website also has tours and adventure experiences you can search for by state or territory. For example, when we looked, you could get an Adrenaline sunset skydiving experience over Uluru (NT) and a RedBalloon make-your-own wine experience at Penfolds Barossa Valley (SA).

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.

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, 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 neededRewardReward value in dollarsValue per 1,000 pointsGood for:
20,000$50 cashback$50$2.50Saving on your card spending
36,700Gold Class Village/Event Cinemas voucher for 2 adults$84$2.29Date night
41,66$100 with Webjet$100$2.40Travel you're already planning to book
100,000$250 JB Hi-Fi digital gift card$250$2.50Saving on a new TV or another planned purchase
449,950Breville the Barista Express coffee machine (BES870)$999 RRP$2.22Getting 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.

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 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. 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.

Using points with Webjet

The steps are different if you want to redeem points with Webjet:

  1. Go to and choose the type of travel you want to book. Keep in mind that you'll need to include flights or a holiday package as part of the redemption.
  2. Choose the travel deal you want and enter all the details you need for the booking.
  3. Click on the Bankwest More Rewards payment option, then "Pay Now".
  4. Complete your booking through the Bankwest More Rewards checkout. Remember: 41,667 points is $100 towards your booking and you can pay for the rest using your Bankwest More credit card.

Note: You can only use points for hotel bookings and travel insurance if the booking includes flights or if it's a holiday package.

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.

Example: Working out if a Bankwest More Platinum card is worth it

Let's put these 3 tips into practice with the Bankwest More Platinum credit card.

  • Card costs. This card has a $160 annual fee and a 19.99% p.a. purchase rate. We'll keep it simple by looking at the annual fee for this example – but remember to think about interest charges if you usually carry a balance.
  • Yearly spending. Let's say we have an average yearly spend of $48,000 on eligible purchases (around $4,000 per month). At that rate, we'd earn 96,000 points through everyday spending, which is enough to get $200 cashback and offset the annual fee. But we'd also meet the spend requirement for the 75,000 annual bonus points, which means the total points earned would be 171,000 points – enough for $400 cashback.
  • The value of rewards. What if we weren't excited about cashback or any other reward? Or if earning all those points felt like hard work? Then it would be time to look at other cards.

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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2 Responses

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    kassandraLheywoodFebruary 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.


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