Quick Overview
- Standard Value: Most travel rewards points and miles are worth 1 cent each when redeemed for travel, making 10,000 points or miles equal to $100 in travel value.
- Higher Value with Flexibility: Programs offering flexible rewards points that can be converted into frequent flyer miles, hotel points, or other rewards typically provide 1–2 cents per point (or more) for travel redemptions.
- Lower Value Redemptions: Redeeming travel rewards for non-travel redemptions like statement credits, gift cards, or cash back will usually yield less than 1 cent per point, making them less optimal.
Explore the value of travel rewards points and miles and find out how much they are worth on average with our calculators.
Flexible Travel Rewards programs
There are currently two major credit card rewards programs that earn flexible travel rewards points in Canada:
- American Express Membership Rewards
- RBC Avion Rewards
Points earned with these programs can be transferred to airline, hotel, and other partner programs which will typically give your rewards higher-than-average value.
AMEX Membership Rewards Points Value
American Express Canada Membership Rewards points is one of the most valuable travel rewards currencies available in Canada. Points can be redeemed for high value towards travel booked directly through American Express Travel or they can be transferred to AMEX's airline and hotel partners which can give you even higher value.
It's pretty hard to beat the long list of luxury travel benefits and global lounge access offered with The Platinum Card®. You also have the American Express Cobalt® Card which is hands down one of the best credit cards for earning travel rewards points in Canada.
Read More: AMEX Points Value Canada: What Are Your Points Worth?
RBC Avion Rewards Points Value
RBC offers credit cards that earn Avion Elite points and Avion Premium points.
Avion Elite points are earned with RBC's "top-of-the-line" credit cards in which you can transfer points to all of RBC's airline partners and redeem points for high value using the RBC Air Travel Redemption Schedule. Avion Premium points earned with RBC's other credit cards can be redeemed for up to 1 cent in value and cannot be transferred to all of RBC's travel partners.
Read More: How Much Are RBC Avion Points Worth?
Standard Travel Rewards points and miles
Points and miles from standard rewards programs are typically worth 1 cent each on average, with some exceptions. These rewards offer the best value when redeemed for travel, either through the issuer's travel portal or as a statement credit for eligible travel purchases charged to your card.
However, rewards from these programs usually cannot be transferred to frequent flyer programs, hotel loyalty programs, or other partner loyalty programs, limiting their flexibility for maximizing value.
AIR MILES Canada Miles Value
AIR MILES have high value, but they are not earned per $1 like most other rewards programs. You'll typically earn 1 AIR MILE after spending in increments of anywhere from $10 to $25 across AIR MILES credit cards or when spending with AIR MILES partners.
Read More: AIR MILES Canada Value Calculator: How Much Are They Worth?
BMO Rewards Points Value
BMO Rewards Points are worth the most when redeeming them for travel or towards investments with BMO. While BMO does offer several credit cards that offer high multipliers, points are only worth up to 0.67 cents each.
Read More: BMO Rewards Points Value: How Much Are They Worth?
Brim Financial Points Value
Brim Financial Points are worth 1 cent each. You can earn up to a 2% return using the Brim World Elite Mastercard or 1% return using the Brim Mastercard.
Capital One Miles Value
Capital One miles earned in Canada with the Aspire Travel Platinum Card are worth 1 cent each when redeemed towards travel.
CIBC Aventura Points Value
Aventura points have the best value when redeemed for airfare using the Aventura Airline Rewards Chart. This offers as much as 2.5 cents in value per point making Aventura points one of the best travel rewards currencies in Canada for airfare.
Read More: Aventura Points Value: How Much Is A CIBC Point Worth?
Canadian Western Rewards Points Value
Canadian Western Rewards points are worth 1 cent each. The program is powered by Brim Rewards.
Laurentian Points Value
Laurentian Rewards points are worth 1 cent each when redeemed for cash and financial products. Points can be earned using the Laurentian Bank Visa Infinite Card.
MBNA Rewards Points Value
MBNA Rewards Points are worth 1 cent each when redeemed towards travel. This redemption alone makes the MBNA Rewards Platinum Card one of the best no-annual fee travel rewards cards available in Canada.
Read More: MBNA Points Value Calculator: How Much Are They Worth?
NBC Rewards Points Value
National Bank of Canada Rewards points have the best value when redeemed towards travel booked through their À la carte Travel™ portal. You can earn up to 5X points using the National Bank World Elite® Mastercard® or sweep up the National Bank Platinum Mastercard® for top-tier travel insurance at a low annual fee.
Scotia Scene+ Rewards Points Value
Scotia Scene+ Rewards points are worth 1 cent each on average and they have a wide range of redemptions that can give you that value.
Scotia offers a number of credit cards that have no foreign transaction fee which means you will not be penalized for using your card outside of Canada. This makes them one of the best travel rewards programs in Canada for international travel and spending.
Read More: Scene+ Points Value: What They Are Worth & Best Uses
TD Rewards Points Value
TD Rewards points have the best value when redeemed for travel through TD's Expedia portal. You'll also earn the most points when using TD Rewards credit cards to book travel through the portal.
Read More: Value Calculator: How Much Are TD Rewards Points Worth?
Check out these top credit card picks from our partners:
- Best for U.S. Dollar purchases: Rogers Red World Elite® Mastercard®
- Best for everyday spending: Rogers Red Mastercard®
- Best travel card for cash back: Tangerine World Mastercard®
- Best for customizable 2% back: Tangerine Money-Back Credit Card