Amex Membership Rewards points don't have a single set value — what they're worth depends entirely on how you redeem them. They stretch furthest on Business & First Class at 4¢ per point, and as little as 0.75¢ when used for Merchandise & Amazon. All 6 redemption options are broken down below.
How your points redeem
Value per point varies by how you redeem. Best-value options first.
✈️
Business & First Class
Transfer 1:1 to Aeroplan, Avios, or Flying Blue and book premium-cabin partner awards — the sweet spot at 3–6¢ per point.
4¢
per point
💺
Transfer to Airline Partners
1:1 to Aeroplan, British Airways Avios, and Flying Blue for everyday economy flights — around 1.5¢ per point.
1.5¢
per point
🎫
Fixed Points Travel
Book a fare through Amex's Fixed Points Travel program — around 1.5¢ per point.
1.5¢
per point
🪙
Statement Credit (any purchase)
Apply points to any card charge at 1,000 points = $10.
1¢
per point
🎁
Gift Cards
Redeem for retailer gift cards — just under 1¢ per point.
0.9¢
per point
🛍️
Merchandise & Amazon
Use points at Amazon.ca checkout or the Amex shop — the lowest value, around 0.7–0.8¢.
0.75¢
per point
About this program
Amex Membership Rewards is the most flexible points currency in Canada. MR transfers to 8 partners — covering all three major airline alliances (Star, SkyTeam, oneworld) at a 1:1 ratio, plus two hotel programs. No other Canadian rewards currency offers cross-alliance reach at 1:1.
Transfer partners
Partner
Type
Alliance
MR : Partner
Air Canada Aeroplan
Airline
Star Alliance
1 : 1
Air France/KLM Flying Blue
Airline
SkyTeam
1 : 1
British Airways Avios
Airline
oneworld
1 : 1
Cathay (Asia Miles)
Airline
oneworld
4 : 3
Delta SkyMiles
Airline
SkyTeam
4 : 3
Etihad Guest
Airline
—
4 : 3
Hilton Honors
Hotel
—
1 : 1
Marriott Bonvoy
Hotel
—
5 : 6
Good to know
Minimum transfer is 1,000 points, in 100-point increments. No transfer fee in Canada.
Flying Blue improved from 1:0.75 to 1:1 in January 2026 — three of the six airline partners now transfer at a flat 1:1.
Transfer times vary: Aeroplan, Flying Blue, and Avios are typically near-instant; Delta and Cathay take a few hours to two days; Etihad can take up to ten days.
Hotel transfers (Hilton, Marriott Bonvoy) are usually poor value compared to airline transfers — listed for completeness, not as a recommended use.
Transfer bonuses are uncommon for Aeroplan (only two promotions in the past five years), so don’t plan around them.
