|Value of 1 Point||Redemption|
|Up To $0.008||Cash & Statement Credits|
|Up To $0.00781||Gift Cards|
The best value of Scotia Rewards Points will come from redeeming them towards travel which will give you a value of 1 cent per point. Overall, Scotia Rewards Points can be redeemed towards:
- Gift Cards
- Cash/Statement Credits
- Transfers To SCENE
Scotia Rewards Points Value Calculator
Use the Scotia Rewards Points Value Calculator to calculate the average cash value of Scotia Rewards Points based on the value of each redemption. You can enter any amount of points in the field below.
Listed below is the average cash value of various denominations of Scotia Rewards Points based on redeeming them for travel which gives you a value of 1 cent per point.
|Scotia Rewards Points||Cash Value|
Redeem For Travel
The best value you can obtain from Scotia Rewards Points is by using them for travel. When you redeem your Scotia Rewards Points for travel, every $1,000 points will be equal to $10 which is a value of 1 cent each. You can redeem your points directly through the Scotia Rewards Travel Service or you can book your travel through any other travel provider. Both options will give you a value of 1 cent per point.
Scotia Rewards Travel Service
When booking through the Scotia Rewards Travel Service, you a lot more flexibility when it comes to using your points. You can either:
- Pay entirely in Scotia Rewards Points
- Use a combination of Scotia Rewards Points and a Scotiabank Credit Card
If you decide to do a half and half combination, don't forget that the Scotiagold Passport Visa Card earns 5% cash back on purchases made through the Scotia Rewards Travel Service.
Apply Points To Travel
Scotia Rewards Points can be used through any travel site if you don't want to book through Scotia Rewards Travel Service. In order to do this, you'll need to book your travel using a Scotiabank Credit Card or Debit Card that earns Scotia Rewards Points. Once the travel purchase posts to your account or statement, you can use the 'Apply Points to Travel' page to use your Scotia Rewards Points to wipe away the travel purchase(s) you made. You can cover trip expenses for up to 12 months after the travel purchase date.
The main thing to note here is that partial redemptions are not permitted when using the Apply Points To Travel option. This means you'll need to have enough points to cover the full cost of the purchase.
Per the usual, I recommend checking out the prices available through Scotia Rewards Travel Service and the cost when booking with another travel provider. Scotia does offer a Best Price Guarantee on airfare and they provide 24 hour emergency assistance when booking through their travel service.
Redemption outside of travel will give your Scotia Rewards Points a value of less than 1 cent, with a few exceptions. Other redemption options include cash/statement credits, gift cards, merchandise, and charity donations.
Scotia Rewards Points can be redeemed for statement credits. This will give you between 0.66 and 0.8 cents per point depending on how many points you redeem at once. The more you redeem, the better the value. The table below lists the increments in which you you can redeem your Scotia Rewards Points for a statement credit.
|Scotia Rewards Points||Cash Value||Point Value|
|3,000 Points||CAD $20||0.66 Cents|
|4,500 Points||CAD $30||0.66 Cents|
|7,500 Points||CAD $50||0.66 Cents|
|11,000 Points||CAD $75||0.68 Cents|
|14,000 Points||CAD $100||0.71 Cents|
|21,000 Points||CAD $150||0.71 Cents|
|37,500 Points||CAD $300||0.8 Cents|
|62,500 Points||CAD $500||0.8 Cents|
This isn't a better value than travel, but it's still a pretty solid redemption for shaving down your balance.
You can use Scotia Rewards Points to pick up gift cards with more than 60 retailers which gives you between 0.735 and 0.781 cents per point depending on the denomination. Denominations will vary depending on the retailer, but they mainly feature your standard multiples of $25 up to $100. There's only a select few gift cards that goes higher than $100 denominations and these will give you the best value.
|Scotia Rewards Points||Cash Value||Point Value|
|3,400 Points||CAD $25||0.735 Cents|
|6,700 Points||CAD $50||0.746 Cents|
|13,400 Points||CAD $100||0.746 Cents|
|26,000 Points||CAD $200||0.769 Cents|
|32,400 Points||CAD $250||0.771 Cents|
|64,000 Points||CAD $500||0.781 Cents|
Scotia Rewards Points can be redeemed for brand-name merchandise through the Scotia Rewards portal. This includes electronics, house & home, accessories and much more. The value of merchandise, as with most programs, will heavily vary depending on what you're going for. There's redemptions that can give you 0.4 cents or lower and there's some hidden gems that can give you higher than 1 cent in value, which beats out travel. The thing about merchandise is that you'll have to compare the cash cost and the cost in Scotia Rewards Points to find out if the item is worth your rewards.
Apple & Best Buy Merchandise
Both Apple and Best Buy have their own separate catalogs through the Scotia Rewards Program. This is manly due to the fact that you can do partial rewards point redemptions for purchases with both of these retailers.
Since Apple and Best Buy both sale name brand electronics, you can find some solid value in both catalogs that can give you upwards of 0.8 cents or higher. If there's a certain item you've been thinking about getting from either retailer, it's worth checking the Scotia Rewards catalog to find out how much value you can squeeze out of your points.
Scotia Rewards Points can be redeemed for attractions and CityPASS Experiences. Most of these experiences can be priced out and then compared to the cost in Scotia Rewards Points. The value you get from experiences will vary depending on the cost.
Scotia Rewards Points can be donated to Canadahelps.org. This will give you a value of 0.74 cents each.
Transfer Scotia Rewards Points To Partners
Scotia Rewards has one transfer partner which is SCENE Rewards. Every 1,000 Scotia Rewards Points you transfer will give you 770 SCENE Points. SCENE Points can be redeem for movies at Cineplex for 0.8 to 1.4 cents in average value. So if you're looking to enjoy a movie, transferring a few points to your SCENE account can be worth it.
You can use the Scotia Rewards Points Transfer Calculator below to calculate the transfer of Scotia Rewards Points to partners.
You can get an easy 1 cent value out of Scotia Rewards Points when redeeming them towards travel. A few other redemptions provides some solid value as well including gift cards, Apple & Best Buy merchandise, and large cash/statement credit redemptions. Overall, the Scotia Rewards Program is a great choice for anyone who wants flexible rewards.
If you're looking for the best option in terms of earning Scotia Rewards Points, the answer is Scotia Rewards credit cards. You can use the Scotia Rewards Credit Card Calculators listed below to calculate total Scotia Rewards Points and the cash value of each card based on spend, benefits, and annual fees. You can compare the results side by side cards in the Scotia Rewards family or against other popular rewards programs such as TD Bank or RBC.
How much are Scotia Rewards Points worth?
Scotia Rewards Points are worth 1 cent each when redeemed for travel.
What can you redeem Scotia Points for?
Scotia Points can be redeemed for travel, statement credits, gift cards, merchandise, and experiences. They can also be donated to charity.
How many Scotia Rewards Points do you need for a flight?
Depends on the cost of the flight. Scotia Rewards Points are worth 1 cent each for travel, so a $200 airline ticket would cost you 20,000 points.
Can Scotia Rewards Points be transferred to other programs?
Yes. You can transfer Scotia Rewards Points to the SCENE Rewards Program. 1,000 Scotia Points will give you 770 SCENE Points.