AIR MILES Canada Value Calculator

AIR MILES value

How much are AIR MILES worth?

AIR MILES redeemed for Cash Rewards have a value of 9.5 cents. Every 95 AIR MILES that you redeem as cash rewards will give you a $10 discount or eVoucher for in-store purchases.

AIR MILES redeemed for Dream Rewards miles are worth anywhere from 9 to 20 cents each depending on the redemption. They can be used for merchandise, travel, and be put towards charitable donations.

Here's the breakdown on AIR MILES value:

Redeeming AIR MILES for Cash Rewards

Redeeming AIR MILES for cash rewards will give AIR MILES a value of 9.5 cents each. Every 95 AIR MILES is worth $10 towards your purchases instantly in-store with participating partners or a $10 eVoucher redeemable online.

The participating partners for the program will vary by region, but some examples include:

• Home Depot
• Walmart
• Starbucks
• Shell
• Uber Eats
• Cineplex
• Hudson Bay
• Timber Mart

If you're looking for simple, straightforward redemptions, opting in for Cash Rewards is the way to go.

Redeeming AIR MILES Dream Rewards

AIR MILES collected as Dream Rewards is the standard way of earning AIR MILES and is the default option when you first sign up for an AIR MILES account.

AIR MILES Dream Miles have an average value ranging from 10 to 15 cents each but can be worth more or less depending on the exact redemption. They can be used for travel, merchandise, and donations.

Flights

Redeeming AIR MILES for flights when collecting them as Dream Rewards will typically give your reward miles the best value. This will give you an average of 10 to 15 cents per reward mile meaning that 1,000 AIR MILES be worth roughly $100 to $150 in cash value.

Since AIR MILES redemptions on travel are pretty static, you can get even higher value for last minute bookings in which the cash price may have risen significantly. High value can also be found on short-haul flights within the Canada providences.

Hotels

AIR MILES collected as Dream Rewards can be redeemed for hotels through the AIR MILES Hotels + Cars portal. When making comparisons of the AIR MILES portal vs booking directly with various hotels, this gives an average value of about 9 to 11 cents per reward mile.

Car rentals

AIR MILES collected as Dream Rewards can also be used for car rentals through the AIR MILES Hotels + Cars portal. When compared with booking cars directly through a car rental agency, this gives an average value of about 13 to 15 cents per reward mile.

Other forms of travel

AIR MILES can also be redeemed for vacation packages, cruises, and U.S. park tickets. All of these redemptions are redeemed through AIR MILES partner redtag.ca.

Merchandise

AIR MILES can be redeemed for merchandise ranging across many categories such as electronics, fashion & beauty, sports & fitness, kitchen & dining, and much more.

The value you get out of redeeming AIR MILES for merchandise will heavily vary. When comparing the cost between various items and their average retail price, I found redemptions giving as low as 9 cents per point and as high as 13 cents per point.

AIR MILES to dollars calculator

Use our AIR MILES to dollars calculator to determine the cash value of reward miles when redeemed for cash back, travel, merchandise, and more. This will give you an idea of how much your AIR MILES are worth on average.

AIR MILES redemption value calculator

Use our AIR MILES redemption value calculator to determine the exact cash value of your AIR MILES based on the cost of a redemption in reward miles versus the cost in cash. This tool is useful when trying to decide if a redemption is worth it or not.

How does AIR MILES value compare?

Here's how the value of AIR MILES compare against rewards earned with other leading travel programs:

Keep in mind that the value of AIR MILES is significantly inflated because earning rates are based on spending several dollars to earn a single mile. While AIR MILES offer strong redemption value, they are earned at a slower rate—typically 1 mile per $10 to $25 spent.

Credit cards that earn AIR MILES

One of the best ways to earn AIR MILES is through credit card spending on co-branded AIR MILES credit cards. With these cards, you'll be able to earn bonus miles spending with AIR MILES partners as well as additional AIR MILES wherever Mastercard is accepted.

These cards also grant a handful of benefits including complimentary collector status, discounts at the pump with Shell, and more. If you want to go all in for earning AIR MILES, picking up one of their co-branded credit cards is the route to take.

Here are the AIR MILES credit cards that are currently available:

BMO® AIR MILES® World Elite® Mastercard®

Best For Earning AIR MILES

BMO® AIR MILES® Mastercard®

Best For No Annual Fee