The Standard Index · 2026-07-01
What points are actually worth.
The canonical CAD value of every major Canadian loyalty currency — Aeroplan, Amex Membership Rewards, RBC Avion, Scene+, Avios, and more. Two numbers per program: the Standard value an informed user can realistically achieve, and the easy floor anyone can get without effort, plus a confidence rating and the month-over-month move.
Sorted by standard value (high to low).
| Program | Standard value | Easy floor | MoM change | 6-month trend | Confidence | Last updated | Basis |
|---|---|---|---|---|---|---|---|
| Aeroplan | 2.10¢ | 1.00¢ | flat | Medium confidence | 2026-07-01 | Business-class partner redemptions vs. ~1.0-1.5¢ on economy dynamic pricing | |
| Amex Membership Rewards | 2.00¢ | 1.00¢ | flat | Medium confidence | 2026-07-01 | 1:1 Aeroplan transfers set the ceiling; 1¢ statement/travel credit sets the floor | |
| British Airways Avios | 1.70¢ | 0.80¢ | flat | Low confidence | 2026-07-01 | Short-haul partner awards on Alaska/AA; poor value on cash-style redemptions | |
| RBC Avion | 1.60¢ | 1.00¢ | flat | Medium confidence | 2026-07-01 | Air Travel Redemption Schedule on short-haul flights; 1¢ via gift cards | |
| CIBC Aventura | 1.25¢ | 1.00¢ | flat | Medium confidence | 2026-07-01 | Flight Rewards chart sweet spots; 1¢ standard travel redemptions | |
| Scene+ | 1.00¢ | 1.00¢ | flat | High confidence | 2026-07-01 | Fixed 1¢ on travel and most redemptions — simple, no upside | |
| WestJet Dollars | 1.00¢ | 1.00¢ | flat | High confidence | 2026-07-01 | Fixed value on WestJet fares (1 WestJet Dollar = $1; shown normalized to a 1¢ per-point index unit) | |
| BMO Rewards | 0.67¢ | 0.67¢ | flat | High confidence | 2026-07-01 | Fixed 150 points = $1 on travel | |
| TD Rewards | 0.50¢ | 0.50¢ | flat | High confidence | 2026-07-01 | Fixed 200 points = $1 on travel via Expedia for TD; other redemptions pay less |
How to read these numbers
A “Standard value” of 2.1¢ means that an informed, ordinary traveller — someone who compares a few options before redeeming, not an award-booking hobbyist — should expect around 2.1 cents of value per point. The floor is what you can always get with near-zero effort. If someone quotes you a point value with no basis and no floor, they are marketing, not measuring.
Methodology, in brief
Every Standard value on this page is conservative, redemption-weighted, and breakage-discounted: we anchor to redemptions a typical member can actually book, weight toward the outcomes most points get redeemed for (not the best-case outlier), and discount for the points that expire or go unused rather than assuming a perfect redemption every time. Confidence ratings reflect how much realized value varies by redemption choice — fixed-rate programs like Scene+ or WestJet Dollars rate high confidence; chart- and partner-award-dependent programs like Aeroplan or Avios carry more spread, so they rate lower. Read the full Standard Score methodology for how these numbers feed card rankings.
Update policy
The index is refreshed monthly and re-dated. Program devaluations, award chart changes, and transfer bonus patterns trigger interim updates to the affected row's “last updated” date. All card dollar-math on this site — bonus values, first-year net value, Standard Scores — uses these numbers, so when the index moves, rankings move with it.
Valuations are editorial estimates based on observable award pricing. They are not guarantees of value you will receive. Month-over-month history began this cycle; each program's trend line will build out as real monthly marks accumulate. These same numbers price every current sign-up bonus on the welcome bonus rankings.