Bankwest More Rewards is a loyalty program exclusively available to Bankwest customers. Members can earn points from everyday purchases made with a Bankwest credit card linked with Bankwest More Rewards. Unlike most other credit card rewards programs, More Rewards Points can only be redeemed as cashback.
If you want a simple rewards program without the complexities and caveats of others, Bankwest More Rewards might be worth a look in. Here's how it works.
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Key takeaways
- Bankwest More Rewards is a loyalty program exclusively available to Bankwest customers.
- Points can be redeemed for cashback only.
- The program has no airline transfer partners.
- This is a very simple and straightforward credit card reward program.
How to earn Bankwest More Rewards points
The only way to earn Bankwest More Rewards points is with an eligible Bankwest credit card. Bankwest's debit cards do not earn More Rewards points.
Sign up for a Bankwest More Rewards credit card
The Bankwest More Rewards program is available with the More Classic, More Platinum, and More World cards.
- Sign up bonus. Available for new customers only, sign up bonuses for Bankwest More Rewards credit cards work the same way as most other credit card welcome bonuses. But there is an important difference. Most credit card bonuses are triggered with a relatively low spending target. Bankwest's spending target is comparatively high, even for their most basic credit card.
- Everyday spending. The other main way to earn Bankwest More Rewards points is to use your credit card to pay for everyday items. Keep in mind that there are caps on how many points can be earned as well as limitations on what's eligible to earn points. For example, ATO payments, balance transfers, and cash advances do not earn points, whereas buying groceries and fuel will.
Redeeming Bankwest Rewards points
One of the biggest differences between Bankwest More Rewards and other credit card rewards programs — if not the biggest difference — is how simple it is. Points can only be redeemed for cashback.
Redeem points for cashback
Bankwest More Rewards points are worth around 0.25 cents per point. You can redeem points for cashback and cashback alone, although Bankwest have said that they plan to add the option to redeem points for gift cards.
Transfer partners
Bankwest More Rewards is not partnered with any airlines. Points cannot be transferred to an airline's frequent flyer program and redeemed for flights.
FAQs
Is there a cap on how many Bankwest More Rewards points can be earned?
Yes. There are caps on the number of Bankwest More Rewards points that can be earned, but these vary between cards. The higher level cards — More Platinum and More World — have more generous caps.
Is it possible to transfer Bankwest More Points to someone else?
No, Bankwest More Rewards points cannot be transferred to another person.
When do Bankwest More Rewards points expire?
Bankwest More Rewards points are valid for three years and are redeemed in the sequence they were accumulated, meaning the earliest points earned will be used first.
Do additional cardholders earn Bankwest More Rewards points?
Yes, purchases made by additional cardholders earn Bankwest More Rewards points. It's also possible to pool points under a single account.
Is it worth it?
The value of Bankwest Rewards will depend on the individual customer's spending habits and the rewards they are interested in redeeming.
If you want to earn points that can be redeemed for flights or hotels, then Bankwest More Rewards will not be a good fit since that is not possible. But if you want an uncomplicated rewards program that pays out cash and don't care about earning points for travel, then it might well be worth a look.
