Redeeming CBA awards points for cash has never been great value but this makes it slightly better if you're not looking to buy anything specific in the near term. Not directly linkable but accessed through your Netbank portal through a banner at the top (unsure whether targeted or for everyone with CBA accounts).
Details:
Turn your Awards points into cash back and receive a bonus 20%
- If you're looking to reduce your credit card balance faster, have you considered turning your Awards points to cash back?
- From 3 June 2020 to 21 June 2020, you'll receive a bonus 20% when you redeem your Awards points for cash back to your account. Your cash back plus the 20% bonus will be credited straight to your account within 10 business days.
- You can use your cash back to reduce your card balance, however it will not contribute to your minimum monthly payment due.
How to redeem:
- On your NetBank homepage, click on ‘View Awards’ below your Awards card details
- Select the cash back link
- Alternatively, go to Awards website, navigate to the 'Redeem' tab and select 'Banking'
Thanks! I've got it too.