Valuations
Canadian points & miles valuations
What every major Canadian rewards currency is worth in CAD. Mid-market estimates, each with a source. Updated 2026-06-17.
We convert every reward currency to an estimated cash value (CAD cents per point) so points cards can be compared against cash-back cards on equal footing. These are mid-market estimates, not issuer-guaranteed values, and we refresh them from the cited sources. Always confirm redemption value on the program's own page. Nothing here is financial advice.
| Currency | Est. value (CAD) | Notes |
|---|---|---|
| cashback | 100¢ / pt | Cash back; $1 = $1. |
| Cash Back Dollars | 100¢ / pt | TD cash back; $1 = $1. |
| Cash Back Credit | 100¢ / pt | RBC cash back; $1 = $1. |
| Aeroplan points | 2.1¢ / pt | Sweet-spot redemptions on Air Canada/Star Alliance; mid-market consensus ~1.9-2.2c. source |
| Avion points | 2¢ / pt | RBC Avion travel redemptions; ~1.0c for merchandise/gift cards. source |
| Membership Rewards points | 2¢ / pt | Amex MR via airline transfer partners; ~1c for statement credit. source |
| Avios | 1.8¢ / pt | British Airways Avios; value varies widely by route. source |
| Scene+ | 1¢ / pt | Flat 1c at grocery (Sobeys/FreshCo) and travel; reliable baseline. source |
| WestJet points | 1¢ / pt | ~1c off WestJet flights/vacations; no cash-out. source |
| More Rewards points | 1¢ / pt | ~1c on partner grocery/redemptions. source |
| Moi points | 0.8¢ / pt | Metro/Jean Coutu grocery discounts; ~0.8c. source |
| TD Rewards Points | 0.5¢ / pt | Best value via Expedia For TD at 0.5c; lower elsewhere. source |
How we estimate value
Each estimate reflects a realistic, repeatable redemption a typical cardholder can actually get, not a cherry-picked best case. Travel currencies (Aeroplan, Avion, Avios) skew higher because their best redemptions beat cash; flat programs (Scene+, WestJet) sit near 1 cent because that is their reliable floor.
We use these only to normalize cards for sorting and "estimated value" math across the site. Your real value depends on how you redeem. See our deeper methodology in the points valuation guide and how we compare rewards in cash back vs points.
Compare the cards that earn these currencies in best travel rewards and best cash back.