What Are Travel Points & Miles Worth in Canada?

Travel Rewards Value
Travel rewards points and miles are worth 1 cent each on average, but can be worth as much as 2 cents or more for flexible travel rewards programs.
Last Updated 2022-10-22 By R.Flowers III

The average value of travel points and miles are about 1 cents each. This means that 10,000 points or miles would be roughly worth $100 in travel value.

Travel programs that offer flexible points and miles that you can transfer to frequent flyer and hotel loyalty programs can be worth anywhere from 0.6 to 2 cents or more depending on which program you transfer them to and how you use them once transferred.

Check out our point valuations based on available redemption options for each travel rewards program listed below. You can use the travel rewards to dollars calculator to convert any amount of points and miles to dollars.

NBC Rewards Points Value

Redemption Option Redemption Value (in cents)
Exchanges with the ƀ la carte Travelā„¢ Agency 1
Discount on travel purchases 0.83 - 0.9
Redemptions for RRSP or TFSA contributions 0.83
Reimbursements of your All-In-One line of credit or mortgage loan 0.83
Statement credits 0.4

National Bank of Canada Rewards points have the best value when redeemed towards travel booked through their ƀ la carte Travelā„¢ portal. You can earn up to 5X points using the National Bank World EliteĀ® MastercardĀ® or sweep up the National Bank Platinum MastercardĀ® for top-tier travel insurance at a low annual fee.

AIR MILES Canada Miles Value

AIR MILES Value
Redemption Option Redemption Value (in cents)
Dream rewards used for short-haul and last minute flights (dream rewards) 15 - 20
Dream rewards used for car rentals 13 - 15
AIR MILES redeemed as cash rewards 10.5
Dream rewards used for standard flights 10 - 15
Dream rewards redeemed for merchandise 9 - 13
Dream rewards used to book hotels 9 - 11

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.

AMEX Membership Rewards Points Value

Redemption Option Redemption Value (in cents)
Transferring points to airline partners 1.2 - 2+
Airfare via AMEX Fixed Points Travel program 1.5 - 2
Travel via AMEX Flexible Points Travel program 1
Charity donations 1
Redeeming points towards card purchases 1
Gift cards 0.76
Using points at checkout on Amazon.ca 0.7
Shopping for merchandise through AMEX Shop 0.4 - 0.6

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 CardĀ®. You also have the American Express CobaltĀ® Card which is hands down one of the best credit cards for earning travel rewards points in Canada.

BMO Rewards Points Value

Redemption Option Redemption Value (in cents)
Redeeming points for travel 0.67
Using points for investments with BMO 0.67
Redeeming points for gift cards 0.4 - 0.45
Redeeming points for a statement credit 0.33
Using points to buy merchandise 0.3 - 0.6

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.

Brim Financial Points Value

Redemption Option Redemption Value (in cents)
Statement Credit, Financial App 1

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 Canada Miles Value

Redemption Option Redemption Value (in cents)
Travel 1

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

Redemption Option Redemption Value (in cents)
Business class tickets booked via the Aventura Airline Rewards Chart 1.8 - 2.5
Economy class tickets booked via the Aventura Airline Rewards Chart 1.5 - 2.28
Car rentals, hotels, vacation packages, and cruises 1
Charity 1
Financial products with CIBC 0.83
Gift cards 0.71
Statement credits 0.625

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.

Canadian Western Rewards Points Value

Redemption Option Redemption Value (in cents)
Statement credit 1

Canadian Western Rewards points are worth 1 cent each. The program is powered by Brim Rewards.

Expedia Rewards Canada Points Value

Redemption Option Redemption Value (in cents)
Airfare 1
Hotels 1
Car rentals 1
Activities 1

Expedia Rewards points are worth 1 cent each for all redemptions.

HSBC CA Rewards Points Value

Redemption Option Redemption Value (in cents)
Travel 0.5

The value of HSBC Canada Rewards points will vary based on which HSBC credit cards you own, but you can expect to receive a value of 0.5 cents each towards travel redemptions.

Several HSBC credit cards also allow you to transfer points to a handful of partners which can bump up the value of points.

Laurentian Points Value

Redemption Option Redemption Value (in cents)
Redeeming points for cash & financial products 1

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

Redemption Option Redemption Value (in cents)
Redeeming points towards travel 1
Cash and charity redemptions with the MBNA World Elite Mastercard 0.83
Redeeming points for gift cards 0.83 - 1
Using points to buy merchandise 0.7 - 0.9
Cash and charity redemptions with the MBNA Platinum Plus Mastercard 0.5

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.

RBC Avion Rewards Points Value

Redemption Option Redemption Value (in cents)
Air Travel Redemption Schedule (Elite only) Up To 2.33
Point transfers to Elite airline partners (Elite only) 1.5 - 2.5+
Point transfers to WestJet and Hudson Bay 1
Travel redemptions through RBC Travel portal (non-ION cards) 1
Charitable donations 1
RBC financial products 0.83
Using points for merchandise 0.75 - 0.85
Gift card redemptions 0.71
Travel redemptions through RBC Travel portal with ION credit cards 0.58
Redeeming points for statement credits 0.58

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.

Scotia Scene+ Rewards Points Value

Redemption Option Redemption Value (in cents)
Travel booked through Scene+ Travel or travel purchases made to a Scotiabank debit or credit card 1
Cineplex food & drinks, and Cineplex store purchases 1
Redemptions at participating grocery, liquor, convenience stores and pharmacies 1
Redemptions made with Scene's dining partners 1
Rec Room and Playdium entertainment redemptions 1
Cineplex movie tickets 0.8 - 1.3
Gift card redemptions 0.74
Statement credits for non-travel purchases 0.66 - 0.8
Merchandise through Apple and Best Buy 0.65 - 0.8

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.

TD Rewards Points Value

Redemption Option Redemption Value (in cents)
ExpediaForTD 0.5
Book Any Way Travel 0.4
Education credit 0.4
Gift cards 0.25
Cash credit 0.25
Merchandise 0.22

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.

Travel Rewards To Dollars

Use our travel points and miles calculator to convert rewards to a dollar value based on our valuations. This will give you an idea of how much any amount of travel rewards are worth on average.

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