What are your points actually worth?
Points are only worth what you redeem them for. Enter your balance to see its real dollar value across every major Canadian program, and whether transferring beats redeeming directly.
Canada's most valuable mainstream currency. Best value comes from long-haul and partner business-class awards; short domestic flights often land closer to 1.5¢.
Typical range 1.4¢–3.5¢ per point. What you actually get depends entirely on how you redeem.
| Program | ¢ / point | Value |
|---|---|---|
| Aeroplan | 2.1¢ | $1,050.00 |
| Amex Membership Rewards | 2¢ | $1,000.00 |
| RBC Avion Rewards | 1.7¢ | $850.00 |
| CIBC Aventura | 1.3¢ | $650.00 |
| Air Miles (Dream) | 1.2¢ | $600.00 |
| Scene+ | 1¢ | $500.00 |
| WestJet Dollars | 1¢ | $500.00 |
| Marriott Bonvoy | 0.9¢ | $450.00 |
| BMO Rewards | 0.7¢ | $350.00 |
| TD Rewards | 0.5¢ | $250.00 |
| PC Optimum | 0.1¢ | $50.00 |
Comparing the same raw balance across programs. In practice you earn very different numbers of points per dollar in each: a TD Rewards point is worth less, but you earn many more of them.
Aeroplan ≈ 2.1¢ and Amex MR ≈ 2.0¢ lead the Canadian pack; fixed-value programs like TD Rewards (0.5¢) and BMO Rewards (0.7¢) are worth less per point but easier to earn in bulk. Value = points × cents-per-point ÷ 100.
Canadian point values at a glance
| Program | Baseline | Range |
|---|---|---|
| Aeroplan | 2.1¢ | 1.4¢–3.5¢ |
| Amex Membership Rewards | 2¢ | 1¢–3¢ |
| RBC Avion Rewards | 1.7¢ | 1¢–2.5¢ |
| CIBC Aventura | 1.3¢ | 0.8¢–2¢ |
| Air Miles (Dream) | 1.2¢ | 0.9¢–1.8¢ |
| Scene+ | 1¢ | 1¢–1¢ |
| WestJet Dollars | 1¢ | 1¢–1¢ |
| Marriott Bonvoy | 0.9¢ | 0.6¢–1.5¢ |
| BMO Rewards | 0.7¢ | 0.5¢–1¢ |
| TD Rewards | 0.5¢ | 0.4¢–0.5¢ |
| PC Optimum | 0.1¢ | 0.1¢–0.1¢ |
VaultNerd baseline valuations for a sensible redemption. Your mileage, literally, will vary.
Frequently asked questions
How much is an Aeroplan point worth?
Roughly 2.1 cents each for a typical redemption, though the realistic range is about 1.4¢ to 3.5¢. Long-haul and partner business-class awards deliver the most value; short domestic economy flights and merchandise redemptions deliver the least.
Which Canadian loyalty program has the most valuable points?
Aeroplan and Amex Membership Rewards lead at roughly 2¢ per point, largely because both can be redeemed for high-value flight awards. Fixed-value programs like TD Rewards (0.5¢) and BMO Rewards (0.7¢) are worth less per point, but you typically earn far more of them per dollar spent.
Should I transfer my points or redeem them directly?
Transferring usually wins when the destination program has an award chart with outsized redemptions. Amex Membership Rewards at 1:1 to Aeroplan is the classic Canadian example. Transfers are almost always one-way and irreversible, so only move points once you have a specific redemption in mind.
Why do point valuations differ between sites?
Because a point has no fixed worth: it's only worth what you redeem it for. Valuations are estimates of a sensible, achievable redemption. Treat any single number as a benchmark for comparing programs, not a guarantee of what you'll get.
Researching and writing about Canadian personal finance since 2026.
Last reviewed August 2026 · How we research
“Points Value Calculator (Aeroplan, Amex, Scene+).” VaultNerd, https://www.vaultnerd.com/ca/tools/points-value-calculator, updated August 2026.
- Published award charts and fixed redemption rates for each program
- VaultNerd point valuations, reviewed quarterly