Program guide · Index updated 2026-08-01
Amex Membership Rewards value: what your points are worth.
Membership Rewards points are worth 1.9¢ each on The Points Standard Index — with a 1.0¢ floor anyone can get as a statement credit and a 3.8¢ ceiling via Aeroplan transfers. Here’s the math, a calculator for your balance, and the transfers that make or break the value.
Membership Rewards points calculator
Enter your balance to see what it’s worth at the floor, at our Standard value, and on a strong Aeroplan transfer redemption.
Easy floor · 1.0¢/pt
$600
Statement credit or Fixed Points Travel
Standard value · 1.9¢/pt
$1,140
Informed redemption — our index number
Strong redemption · 3.8¢/pt
$2,280
Aeroplan transfer to partner business class
Values use The Points Standard Index. Editorial estimates based on observable award pricing — not guarantees.
Value by redemption type
Membership Rewards is a transfer currency: nearly all of its upside lives in the 1:1 transfers to Aeroplan, British Airways Avios, and (since January 2026) Air France KLM Flying Blue — every ratio is in our transfer-partners guide. Our headline 1.9¢ is what an informed, ordinary user should expect — someone who transfers for a specific flight a couple of times a year, not an award-booking hobbyist.
| Redemption | Realistic value per point |
|---|---|
| Transfer to Aeroplan → partner business class | 2.5–3.8¢ |
| Transfer to Aeroplan, Avios, or Flying Blue → economy partner awards | 1.5–2.2¢ |
| Fixed Points Travel program | 1.0¢ |
| Statement credit toward any purchase | 1.0¢ |
| Marriott Bonvoy transfers (5:6) | 0.7–1.0¢ |
| Amazon checkout and merchandise | ≤0.7¢ |
The 1¢ floor is unusually solid: statement credits redeem at a flat 1,000 points = $10, so an MR point is never worth less than a cent unless you spend it on merchandise. Everything above the floor comes from moving points out — chiefly the Aeroplan transfer, which inherits all of Aeroplan’s partner-award upside.
How much are 15,000 to 115,000 points worth?
| Points balance | Floor (1.0¢) | Standard value (1.9¢) | Strong redemption (3.8¢) |
|---|---|---|---|
| 15,000 | $150 | $285 | $570 |
| 30,000 | $300 | $570 | $1,140 |
| 60,000 | $600 | $1,140 | $2,280 |
| 90,000 | $900 | $1,710 | $3,420 |
| 115,000 | $1,150 | $2,185 | $4,370 |
Where Membership Rewards points transfer
Seven doors, four at 1:1. Find the award seat first, then move the points — transfers are one-way.
| Partner | Type | Ratio | Verdict |
|---|---|---|---|
| Air Canada Aeroplan | airline | 1:1 | The default — sets MR's ceiling. Star Alliance partner awards, no fuel surcharges. |
| The British Airways Club (Avios) | airline | 1:1 | Short-haul partner awards on American or Alaska; the specialist door. |
| Air France KLM Flying Blue | airline | 1:1 | Upgraded from 1:0.75 to 1:1 on January 3, 2026 — the best route to Europe for many balances. |
| Cathay Asia Miles | airline | 1:0.75 | Rarely worth the 25% haircut versus a 1:1 Aeroplan transfer for the same trip. |
| Delta SkyMiles | airline | 1:0.75 | Rarely worth the 25% haircut versus a 1:1 Aeroplan transfer for the same trip. |
| Marriott Bonvoy | hotel | 5:6 | Looks like a bonus but usually isn't — real-world stays return roughly 0.85–1.2¢ per original MR point, hovering around the statement-credit floor. |
| Hilton Honors | hotel | 1:1 | Below the floor — skip. Hilton points are individually worth well under a cent. |
Transfers move in 100-point increments with a 1,000-point minimum. Frequently instant, but can take a few days. Transfers are one-way — points cannot be moved back into Membership Rewards.
See every program’s transfer partners side by side in our transfer partners comparison, or read the full breakdown in our transfer-partners guide.
The best cards for earning Membership Rewards
MR is the rare program where the entry card is also the best earner: the Cobalt’s 5x on food spend accumulates points faster than cards at four times the fee. Full ordering in our overall ranking.
Earns Membership Rewards
Amex Cobalt Card
The strongest everyday earner in Canada for food spend. If you can work around Amex acceptance, the Cobalt out-earns nearly every premium card at a fraction of the fee.
$191.88 annual fee · First-year net value ≈ $699
Earns Membership Rewards
Amex Gold Rewards Card
A balanced mid-premium card that pairs well with the Cobalt. Good value with the travel credit, but rarely the single best card on its own.
$250 annual fee · First-year net value ≈ $1,040
Earns Membership Rewards
Amex Platinum Card (Canada)
The benchmark premium travel card in Canada. Exceptional first-year value and best-in-class lounge access, but only for people whose travel patterns genuinely absorb the perks.
$799 annual fee · First-year net value ≈ $1,130
Frequently asked questions
How much are Amex Membership Rewards points worth in Canada?
The Points Standard values Amex MR points at 1.9 cents each (CAD, 2026-08-01 index) for an informed redemption, with an easy floor of 1.0 cent per point as a statement credit or through Fixed Points Travel. Transferred to Aeroplan and redeemed on partner business class, they can reach 2.5–3.8 cents.
How much are 60,000 Membership Rewards points worth?
About $1,140 at our Standard value of 1.9¢ per point. The floor is $600 as a statement credit; transferred to Aeroplan and redeemed well, the same balance can exceed $1,500 in flight value.
Should I transfer Amex points to Aeroplan?
If you redeem for flights, usually yes — the 1:1 Aeroplan transfer is what makes MR Canada's most valuable mainstream currency. But transfers are one-way, so keep points in MR until you have a specific award in mind. Points in MR retain every option; points in Aeroplan have one.
How do I convert Amex points to dollars?
The straight conversion is 1,000 points = $10 (1¢ per point) as a statement credit — that's the guaranteed floor for turning Amex points into dollars. But converting at the floor leaves value behind: the same points transferred to Aeroplan for a flight are typically worth 1.9¢ each or more. Use the calculator above to see the spread on your balance.
Do Membership Rewards points expire?
No — MR points don't expire as long as your account stays open and in good standing. Closing your last MR-earning card forfeits the balance, so transfer or redeem before you cancel.
Valuations are editorial estimates based on observable award pricing, refreshed monthly. See The Points Standard Index for every program we track, our Aeroplan points value guide for where transferred MR points land, and our methodology for how valuations feed card scores.
