How much are Amex Membership Rewards points worth?
About 2¢ each for a typical redemption. Enter your balance below to see what it's really worth — and how it compares to every other Canadian program.
Worth roughly whatever you transfer them into — 1:1 to Aeroplan makes 2¢+ realistic. Redeeming for statement credits drops them to about 1¢.
Typical range 1¢–3¢ per point. What you actually get depends entirely on how you redeem.
Moving these points to a partner can be worth more than redeeming directly.
1:1, the classic Canadian sweet spot.
+$50.00 versus redeeming directly.
1:1 to Bonvoy.
| 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.
A Amex Membership Rewards point is worth roughly 2¢ (range 1¢–3¢). Worth roughly whatever you transfer them into — 1:1 to Aeroplan makes 2¢+ realistic. Redeeming for statement credits drops them to about 1¢.
Amex Membership Rewards points value chart
| Points | Poor redemption | Typical | Great |
|---|---|---|---|
| 10,000 | $100.00 | $200.00 | $300.00 |
| 25,000 | $250.00 | $500.00 | $750.00 |
| 50,000 | $500.00 | $1,000.00 | $1,500.00 |
| 100,000 | $1,000.00 | $2,000.00 | $3,000.00 |
Frequently asked questions
How much is a Amex Membership Rewards point worth?
About 2 cents each as a baseline, with a realistic range of 1¢ to 3¢ depending on how you redeem. That makes 50,000 points worth roughly $1,000.00.
How do I get the most from Amex Membership Rewards points?
Worth roughly whatever you transfer them into — 1:1 to Aeroplan makes 2¢+ realistic. Redeeming for statement credits drops them to about 1¢.
Can I transfer Amex Membership Rewards points?
Yes — Amex Membership Rewards points transfer to Aeroplan at 1:1, Marriott Bonvoy at 1:1. Transfers are one-way and irreversible, so only move points once you've confirmed the redemption you want is available.
Other programs
Researching and writing about Canadian rewards programs and travel since 2026.
“Amex Membership Rewards Points Value Calculator — VaultNerd” — VaultNerd, https://www.vaultnerd.com/tools/points-value-calculator/amex-membership-rewards, updated August 2026.
- Amex Membership Rewards published award chart / redemption rates
- VaultNerd point valuations, reviewed quarterly