It depends on the reward you've chosen.
Money off your shopping
When your balance has hit 2000 Everyday Rewards points, you’ll have the option to enjoy $10 off your shopping^ in store or online at Woolworths, BWS, BIG W and participating Caltex Woolworths/EG (operated by Euro Garages Australia)+ when you checkout. If you don’t choose to enjoy your savings, your Everyday Rewards dollars balance will be available to enjoy on your next or another future Eligible Shop^. You will be asked at the checkout how much you want to enjoy. You can choose to stagger your savings across shops, in multiples of $10 off.
If you wish to save your Everyday Rewards dollars for money off your shop at Christmas you can also select this Rewards choice in your account settings at any time. Your savings will be available to enjoy between the 1st of December and the 1st of January each year. We’ll email before to let you know how much you’ll save. Following the 1st of January, any remaining points in your balance will be saved for next Christmas.
Convert to Qantas Points
If you choose this reward, you can convert your collected Everyday Rewards points to Qantas Points and they’ll automatically be transferred to your Qantas Frequent Flyer account* once your balance hits 2000 points. 2000 Everyday Rewards points = 1000 Qantas Points. Any Everyday Rewards points that are less than a full 2000 Everyday Rewards points will remain in your Everyday Rewards account for future use (e.g. if your balance updated from 1900 to 2050 Everyday Rewards points in a shop, 2000 Everyday Rewards points will convert into 1000 Qantas Points and 50 Everyday Rewards points will remain in your account). Please allow up to 24 hours for your Qantas Points to appear in your account.
^For details on what an Eligible Shop is, see everydayrewards.com.au/terms
+Currently you cannot enjoy your Everyday Rewards dollars at Caltex Woolworths/EG (operated by Euro Garages Australia) in Tasmania. There are also a small number of Caltex Woolworths/EG (operated by Euro Garages Australia) in mainland Australia where you won’t be able to enjoy your Everyday Rewards dollars.
*Once your balance hits 2000 Everyday Rewards points, 1000 Qantas Points will be credited to your Qantas Frequent Flyer account within 24 hours. Everyday Rewards will contact you, if we find an error has occurred when attempting to automatically convert your Everyday Rewards points to Qantas Points. Qantas Frequent Flyer terms and conditions apply.