Rewards programs are a great way to make the most out of your spending every year.

Whether by using a loyalty program card, a credit card, or both, these are valuable tools in an effort to save money.

But with so many programs to choose from, it’s hard to know which one will give you the best value for your money and time.

That’s why I’ve put together this guide to the best rewards programs in Canada.

Let’s start saving and earning, Canada.

Best rewards program for…

Here’s a summary of the best loyalty programs and what their best use is.

Best program for… Loyalty program Why? Best Credit Card
North American flights Aeroplan Great flight selection, average value of 2.5 cents per mile. American Express Gold Rewards Card
Long distance flights American Express Membership Rewards Can redeem for any travel booked or use the Fixed Points Travel Program. American Express Cobalt Card
Free hotel stays Marriott Bonvoy Use your points for hotel stays at more than 7,000 hotels around the world. Marriott Bonvoy American Express
Guaranteed return American Express Membership Rewards Use your points to redeem for any travel deal you can find. American Express Cobalt Card
Earning points without a credit card AIR MILES Earn AIR MILES at more than 120 partners. BMO AIR MILES World Elite Mastercard
Movies SCENE Cineplex operates the most theatres in Canada. Scotiabank SCENE Visa
Investing BMO Rewards Points provide a similar value to travel when redeemed towards BMO investments. BMO World Elite Mastercard
Students TD Rewards Points can be used to pay for tuition and student loan payments. TD Rewards Visa
Groceries & Gas AIR MILES Use cash miles to take a bite out of your grocery and gas bill at Sobeys & Shell. BMO AIR MILES Mastercard
Rate Your Wallet and find your perfect match.

Loyalty programs comparison

A comparison of the best loyalty programs by category – best for flights, hotel stays, guaranteed return, and more.

Loyalty program comparison for flights

When comparing flights, I decided to break this down into 2 sections – North American flights and long distance flights. Various airline programs will give you a much different value depending on your destination.

When looking at credit card earn rates, I generally looked at the best card(s) available in the program to determine the typical earn rate.

North American flights

Aeroplan will offer you the best value for North American flights.

This program will give the best access to Air Canada flights, which not only operates the most flights within Canada, but has the most flights to the United States as well.

Loyalty program Point value Loyalty/credit card typical earn rate Typical return on spending Do points also cover taxes and fees?
Aeroplan 2.5 cents * 1 mile per $2 with loyalty card
* 1.5 miles per $1 with credit card
3.75% (does not include loyalty card) Yes, for additional miles
American Express Membership Rewards 1.75 cents * 2 points per $1 with credit card 3.5% Yes
Alaska Airlines Mileage Plan 2.3 cents * 1 mile per $1 with credit card 2.3% No
AIR MILES 17.2 cents * 1 mile per $20 with loyalty card
* 1 mile per $10 with credit card
Up to 2.6% No

Long distance flights

For long distance flights, airline programs like Aeroplan generally charge high taxes and fees, giving you a lower value for your points.

But American Express Membership Rewards will let you use their Fixed Points chart or redeem for flights booked from any provider.

Loyalty program Point value Loyalty/credit card typical earn rate Typical return on spending Do points also cover taxes and fees?
American Express Membership Rewards 1.5 cents 2 points per $1 3% Yes
Scotia Rewards 1 cent 2 points per $1 2% Yes
TD Rewards 0.5 cents 3 points per $1 1.5% Yes

Loyalty programs for free hotel stays

For free hotel stays, Marriott Bonvoy is the best choice. Earn 10 points per $1 USD spent on eligible hotel charges when you stay at Marriott properties.

Coming in at second place is TD Rewards – when you redeem for a hotel stay through Expedia For TD, you get access to a great hotel matching policy.

And if conditions are met, you can price match a hotel stay up to 48 hours before your scheduled check in.

Loyalty program Point value Loyalty/Credit card typical earn rate Typical return on spending Do points also cover taxes and fees?
Marriott Bonvoy 0.97 cents * 10 points per $1 USD with loyalty card
* 2 points per $1 with credit card
9.13% Yes
TD Rewards 0.5 cents 3 points per $1 1.5% Yes

Loyalty programs for flexible travel

If you’re looking for more freedom when redeeming for travel, a flexible travel rewards program will not only let you use your points for any travel purchase, but also gives you the same guaranteed value on every redemption.

And, you can use a combination of points and cash to pay for your bookings, so you won’t have to wait to redeem.

My favourite is the American Express Membership Rewards program, where you can use your points to pay for any travel deal from any provider.

Scotia Rewards comes close, since it also lets you use your points to pay for any travel from any provider. But you need enough points to cover the entire transaction unless you book through Scotia Rewards itself.

Loyalty program Point value Credit card typical earn rate Typical return on spending Do points also cover taxes and fees?
American Express Membership Rewards 1 cent 2 points per $1 2% Yes
Scotia Rewards 1 cent 2 points per $1 2% Yes
TD Rewards 0.5 cents 3 points per $1 1.5% Yes

Loyalty programs for earning points without a credit card

If you want to earn rewards without a credit card, the AIR MILES program is by far the best option, allowing you to earn at over 120 sponsors.

Aeroplan miles provides better value, but are harder to earn since there are limited retailers where you can earn miles.

Loyalty program Points value Loyalty card typical earn rate Typical return on spending Do points also cover taxes and fees?
AIR MILES 17.2 cents 1 mile per $20 0.86% No
Aeroplan 2.5 cents 1 mile per $2 1.25% No
Canadian Tire Triangle Rewards 1 Canadian Tire dollar = $1 0.4%, pre tax 0.4% Yes
PC Optimum 0.1 cents Varies based on personalized offers Varies Yes

Loyalty programs for movies – or nights out on the town

Without a doubt, the SCENE loyalty program is your best choice for redeeming for free movies. With access to the most theatres in Canada through the Cineplex network, plus the ability to pile up points when purchasing movie tickets, you’ll be wearing 3D glasses and eating popcorn in no time.

Scotia Rewards also makes the cut for its ability to transfer to SCENE – 1,000 Scotia Rewards points becomes 770 SCENE points.

If you collect Cash AIR MILES, you can redeem them for Cineplex movie passes.

Loyalty program Point value Loyalty/credit card typical earn rate Typical return on spending Do points also cover taxes and fees?
Cineplex SCENE 1.2 cents * 100 points for a $12 ticket with loyalty card
* 1 point per $1 spent credit card
11.2% Yes
Scotia Rewards 0.92 cent 1 point per $1 1.84% Yes
AIR MILES 10.5 cents * 1 mile per $20 with loyalty card
* 1 mile per $10 with credit card
0.53% Yes

Loyalty programs for investing

If you want to deposit your earnings into investments, both BMO Rewards and National Bank Rewards will let you redeem your points this way.

Loyalty program Point value Credit card typical earn rate Typical return on spending
BMO Rewards 0.67 cents 2 points per $1 1.34%
National Bank Rewards 0.83 cents 1.5 points per $1 1.25%

Loyalty program for students

If you’re a student, the TD Rewards program is a good way to go.

You can use your points to help pay for tuition or even pay off your student loans.

Loyalty program Point value Credit card typical earn rate Typical return on spending
TD Rewards 0.4 cents 3 points per $1 1.2%

Related: Why Every Student Needs An SPC Card

Loyalty program to save on gas and groceries

If you want to take a bite out of your gas and grocery bill, the AIR MILES program is a great choice.

By collect Cash AIR MILES and using them at Sobeys and Shell stations, you can save on the essential basics.

Loyalty program Point value Loyalty/credit card typical earn rate Typical return on spending Do points also cover taxes and fees?
AIR MILES 10.5 cents * 1 mile per $20 with loyalty card
* 1 mile/$10 with credit card
1.6% Yes

Canadian rewards programs at a glance

Here’s a summary of 18 Canadian rewards programs.

Loyalty program Best point value Do points expire?* Are rewards flexible? Are they transferable?
Aeroplan 2.5 cents No No No
AIR MILES 17.2 cents No No No
Alaska Airlines Mileage Plan 2.3 cents No No No
American Express Membership Rewards 2.5 cents when transferred to Aeroplan, 1.75 cents for the Fixed Points Travel Program No Yes Yes – to 6 airline and 2 hotel partners
BMO Rewards 1 cent No Yes No
Canadian Tire Triangle Rewards 0.004 cents No No No
CIBC Rewards 2.3 cents No Yes No
Cineplex SCENE 1.2 cents No No No
Desjardins BONUSDOLLARS $1 No Yes No
Marriott Bonvoy 1.04 cents when transferred to Aeroplan, 0.97 cents for hotel stays No No Yes – to 40 airline partners
MBNA Rewards 1 cent No Yes No
More Rewards 0.42 cents No Yes No
National Bank À La Carte Rewards 1 cent No Yes No
PC Optimum 0.1 cent No No No
RBC Rewards 2.33 cents No Yes Yes – to 4 airline partners
Scotia Rewards 1 cent No Yes Yes – to SCENE
TD Rewards 0.5 cents No Yes No
WestJet Rewards 1 dollar No No No

*Note that while all these programs have points that don’t expire, they almost all have conditions to keeping your points by either redeeming or earning points at a set interval, usually once a year. For credit card only programs, your points usually expire 60 days after you cancel your card.

1. Aeroplan – 2.5 cents per mile

Canada’s largest airline program, Aeroplan offers you the chance to use your miles with Air Canada and 40 other Star Alliance carriers.

Best way to redeem Aeroplan miles

The best way to redeem your Aeroplan miles is for flights within Canada and the Continental United States.

What are Aeroplan miles worth?

When redeemed for flights within North America, an average value for your miles is 2.5 cents each.

You can still get good value on longer flights, but nowhere near as good as North American flights – the taxes and fees can be quite high, depending on the airline.

However, redeem for business class seats on flights to anywhere in the world, and you can expect to get an average value of 3.5 cents per mile.

Best ways to earn Aeroplan miles

The fastest way to earn Aeroplan miles is by flying on Air Canada and Star Alliance carriers.

With Air Canada, you’ll earn miles based on the actual distance flown in miles for each flight you take, with a multiplier ranging from 0 to 1.5 depending on the fare booked. It varies for other Star Alliance carriers.

If you aren’t a frequent flyer, you’ll have to earn miles by shopping at Aeroplan retailers and by using an Aeroplan credit card.

Loyalty card

You can use your Aeroplan loyalty card in select stores.

However, the list is quite small:

  • Home Hardware,
  • UPS Store, and
  • Costco.ca (on select products).

You can also access the Aeroplan eStore which will let you earn miles on a variety of online retailers.

American Express Gold Rewards Card

The best Aeroplan credit card you can get? The is my top pick.

Even though it earns Amex Membership Rewards points, you can transfer them at a 1:1 ratio to Aeroplan, potentially earning the most Aeroplan miles of any credit card – you’ll get up to 2 points per $1 spent.

It also comes with a welcome bonus of 25,000 points after spending $1,500 in the first 3 months – an approximate value of $625.

TD Aeroplan Visa Infinite

If you prefer a true Aeroplan-branded credit card, the is also a great choice.

Earn an even higher sign-up bonus of up to 25,000 miles – 15,000 after your first purchase, and another 10,000 after spending $1,000 in the first 3 months. This will roughly translate to about $625.

And, you can earn up to 1.5 miles for every $1 spent on the card.

But what makes this card really stand out is the VIP-worthy Air Canada benefits. When you fly on an Aeroplan rewards ticket on Air Canada operated flights, you’ll get:

  • free first checked bag,
  • priority check-in,
  • priority boarding, and
  • Maple Leaf lounge access (only once per year).

For more details, read the full Aeroplan guide here.

2. AIR MILES – 17.2 cents per mile

As one of Canada’s biggest loyalty programs, AIR MILES gives you a world of options for redeeming your miles.

Best ways to redeem AIR MILES

AIR MILES gives you several ways to redeem your miles for high value:

  • flights,
  • car rentals,
  • hotels, and
  • concerts.

What are AIR MILES worth?

The best travel option for your miles is to redeem for flights. I value each mile at 17.2 cents each for flights within North America.

Of course, it’s not the only option – car rentals also have good value, with one mile giving you an average value of 16.2 cents. And you can always use your points for hotels as well, with a slightly lower value of 12.3 cents each.

But the best option is redeeming for concerts. There’s a variety of shows available, giving an average value of 21.6 cents per mile if you want to enjoy some entertainment.

Best ways to earn AIR MILES

There are 2 ways you can collect miles:

  • by using a loyalty card,
  • an AIR MILES branded credit card, or
  • both.

Loyalty card

Most AIR MILES sponsors will give you 1 AIR MILE for every $20 you spend. There’s also a wide range of online shops you can earn AIR MILES throught AIR MILES Shops.

But that’s not the only way to earn miles. Many sponsors from time to time will give bonus miles for purchasing certain products.

And then there are AIR MILES bonus offers – every so often, you get the chance to collect a huge quantity of miles by completing offers.

Here’s a list of current and past promotions AIR MILES has run.

BMO AIR MILES World Elite Mastercard

When it comes to AIR MILES credit cards, the is the best option available.

For starters, it has the highest sign-up bonus of any AIR MILES credit card:

  • get 1,000 miles after your first purchase, and
  • another 2,000 miles after spending $3,000 in the first 3 months.

It also has the highest earn rate of any AIR MILES card – 1 mile per $10 spent.

Plus, when redeeming for flights within North America, you’ll get a 15% discount on the miles required, helping you stretch out your miles.

American Express Platinum AIR MILES Card

For a lower annual fee of $65, the still gives you 1 mile for every $10 spent on gas, groceries, drugstores, and all AIR MILES sponsors. Elsewhere, you’ll earn 1 mile per $15 spent.

And, this card comes with a welcome bonus of 2,000 miles after spending $1,500 in your first 3 months.

BMO AIR MILES Mastercard

If you want a no fee AIR MILES card, could be for you.

Earn 1 mile for every $10 spent at select AIR MILES sponsors and 1 mile for every $20 spent elsewhere.

Plus, get a sign-up bonus of up to 800 miles – 400 after your first purchase, and another 400 after spending $1,000 in the first 3 months.

For more details, read the full AIR MILES guide here.

3. Alaska Airlines Mileage Plan – 2.3 cents per mile

If travel to the United States or overseas is where you want to go, the Alaska Airlines Mileage Plan is an option to consider.

Best way to use Alaska Airlines miles

Without a doubt, the best way to use your miles are for flights.

You have the option to redeem on Alaska Airlines or 17 other airline partners.

What are Alaska Airlines miles worth?

I’ve calculated an average value of 2.3 cents per mile when redeemed for flights on Alaska Airlines or any of their partners.

And if you save up and redeem for business and first class seats, you can get a value of up to 5.5 cents per mile.

Best ways to earn Alaska Airlines Miles

There are 2 ways you can earn Alaska Airline miles:

  • by flying with Alaska and their partners, and
  • by using an Alaska Airlines credit card.

Earn Alaska Airlines Miles by flying

If you fly with Alaska Airlines and their partners, you can earn miles on every flight. You’ll earn miles based on the distance flown plus bonuses by cabin class.

Earn Alaska Airlines Miles by using an Alaska Airlines Mastercard

The and the are nearly identical.

Earn 1 mile for every $1 you spend, and get 3 miles per $1 spent on Alaska Airlines.

And as part of signing up, get 30,000 miles after spending $1,000 in the first 3 months with the World Elite version, or 20,000 with the Platinum Plus version after the same spending.

The Alaska Airlines perks are where these cards shines, though – every year, you’ll get an annual companion voucher. And with the World Elite version, you’ll get the first checked bag for free for yourself and 5 other people travelling on the same reservation.

For more details, read the full Alaska Airlines Mileage Plan guide here.

4. American Express Membership Rewards – 1.75 cents per point

American Express Membership Rewards are some of the most flexible rewards available.

With options to transfer your points to other programs, access to a fixed points chart for flights, or the option to redeem for any travel booked from any provider, American Express offers you a truly great program for travel rewards.

Best ways to redeem American Express Membership Rewards

The best ways to use your points are for travel, with 3 good options available:

  • transfer to airline & hotel partners,
  • use the Fixed Points Travel Program, and
  • redeem for any travel.

What are American Express Membership Rewards worth?

To get the most value out of your Membership Rewards, transferring them to airline partners will offer the best return. You can transfer your points at a 1:1 ratio to Aeroplan and British Airways, valued at 2.5 and 1.75 cents respectively.

Next, by maximizing the American Express Fixed Points Chart to book flights, you can get a value of up to 1.75 cents per point.

If hotel stays are your game, consider transferring them to Marriott Bonvoy at a 5:6 ratio. I value a single Marriott Bonvoy point for hotel stays at 0.97 cents, giving this option a 1.16 cent value.

Finally, you can use your points to pay for any travel purchase booked to your credit card. Each point is worth 1 cent this way.

Best ways to earn American Express Membership Rewards

Credit cards are the only way to earn American Express Membership Rewards. We’ll give a brief overview of all 3 cards.

And all of them have no minimum income requirements – a major bonus.

American Express Cobalt Card

Our number one rated credit card in Canada, the will earn you the most points for your spending.

Get up to 5 points per $1 spent, plus a welcome bonus of up to 30,000 points.

Its only downside? The points accumulated with this card can’t be transferred to airline programs.

American Express Gold Rewards Card

The is the best Aeroplan credit card. Though not an Aeroplan-branded credit card, you’re able to transfer your points to Aeroplan at a 1:1 ratio. Earn up to 2 points per $1 spent, potentially the best average return rate of all Aeroplan cards.

And as a welcome bonus, get 25,000 points when you spend $1,500 in the first 3 months.

American Express Platinum Card

If you want perks, the offers the most out of any credit card:

  • automatic upgraded elite status in multiple programs,
  • flight discounts,
  • unlimited airport lounge visits for yourself and one guest, and
  • much, much more.

Plus, get up to 3 points per $1 spent on your purchases.

That’s why we call it the best perks credit card in Canada.

For more details, read the full American Express Membership Rewards guide here.

5. BMO Rewards – 0.71 cents per point

BMO Rewards, one of the rewards programs offered by one of the 5 big banks, provides excellent value through great redemption options such as travel and investments.

Best ways to redeem BMO Rewards points

There’s 2 ways to get maximum value for your BMO Rewards points:

  • travel booked through BMO Rewards, and
  • investments.

What are BMO Rewards points worth

If you’re redeeming for travel, each point is worth 0.71 cents for travel booked through BMO Rewards.

A novel way to use your points is to make contributions to investments you have with BMO. Each point is worth 0.67 points this way.

Best ways to earn BMO Rewards points

Using a BMO Rewards credit card is the only way to earn BMO Rewards points, and there are 2 options available.

BMO World Elite Mastercard

As the premium offering, the offers the most points for your spending.

Earn 2 points per $1 spent on all purchases, and get 3 points on restaurants, entertainment, and travel purchases up to $50,000 combined annually.

It also comes with a sign-up bonus of 35,000 points after spending $3,000 in the first 3 months. And, get the first year annual fee for free.

It also comes with a great insurance package and 4 free passes to Mastercard Airport Experiences provided by Loungekey every year.

BMO Rewards Mastercard

If you prefer a no annual fee option, BMO has the .

Earn 1 point for every $1 you spend and a welcome bonus of up to 20,000 points – 10,000 points after your first purchase, and another 10,000 points after spending $1,000 in the first 3 months.

For more details, read the full BMO Rewards guide here.

6. Canadian Tire Triangle Rewards – 1 dollar per point

If your preferred form of currency is Canadian Tire Money, Triangle Rewards could be worth looking into – you’ll earn Canadian Tire Money on all of your purchases.

Best way to redeem Canadian Tire Money

The only way to redeem your Canadian Tire Money is by using them against a purchase made at a Triangle Rewards store:

  • Canadian Tire,
  • SportChek,
  • Marks, and
  • Atmosphere.

What is Canadian Tire Money worth?

With your Canadian Tire Money, each dollar you accumulate is worth an actual dollar you can redeem in store.

Best ways to earn Canadian Tire Money

You can accumulate rewards using either a Triangle loyalty card or a Triangle Rewards credit card.

Just note you can’t use both at the same time.

Triangle Rewards loyalty card

The easiest way to get rewards is by using a Triangle Rewards loyalty card. You’ll earn 0.4% in Canadian Tire Money on the pre-tax amount of your purchase at Triangle Rewards stores and Canadian Tire Gas+ stations.

There’s also opportunities to earn bonus money on select products in store and personalized offers.

Triangle Rewards credit card

The other option is using a Triangle Rewards credit card.

The will earn 4% in Canadian Tire Money for each pre-tax dollar spent at Triangle Rewards stores and 0.8% on other purchases. If you fuel up at Gas+ or Husky stations, you’ll earn 5 cents per litre in rewards.

The also earns 4% pre tax at Triangle stores, but gets 3% on groceries (excluding Walmart and Costco), and 1% everywhere else. If you have access to Gas+ or Husky stations, you’ll earn 5 cents per litre on regular gas, and 7 cents per litre on premium fuels.

Related: The New Canadian Tire Triangle Mastercards

7. CIBC Rewards – 2.3 cents per point

CIBC, another one of the big 5 banks, offers a program that provides great travel rewards.

Best ways to redeem CIBC Aventura points

As with most rewards programs, redeeming for travel will provide the best value for your rewards. CIBC gives you 2 options:

  • using the Airline Rewards Chart, and
  • any travel booked through CIBC Rewards.

What are CIBC Aventura points worth?

When using the Aventura Airline Rewards Chart, your Aventura points can get a value of 2.3 cents.

The other option is to book any travel through CIBC Rewards. Each point is worth 1 cent when redeemed this way.

Best ways to earn CIBC Aventura points

The only way to earn CIBC Aventura points is by using an Aventura-branded credit card. The is the best card available.

Get up to 1.5 points per $1 spent on your day-to-day purchases, and 2 points on travel purchased through CIBC Rewards.

Or, if you don’t meet the income requirements of a Visa Infinite card, the is nearly identical, but has lower personal income requirement of $15,000.

For more details, read the full CIBC Rewards guide here.

8. Cineplex SCENE – 1.2 cents per point

The Cineplex SCENE program is perfect for movie lovers. You can use your points for movie tickets, snacks, and even a nice pre-movie meal at a restaurant.

Best ways to redeem SCENE points

There are several good ways to use your points. Your best options are:

  • movie tickets,
  • concessions, and
  • restaurant purchases.

What are SCENE points worth?

When redeeming for movie tickets, each point is worth anywhere from 1 – 1.59 cents, depending on the type of movie you’re redeeming for (i.e. general admission, 3D, UltraAVX).

Another good value for your points is to redeem for movie snacks. This way, each point is worth 1 cent.

Prefer to take a bite out of a restaurant bill? Use your points at Cara restaurants, where each point is also worth 1 cent.

Best ways to earn SCENE points

There are 2 ways to earn SCENE points:

  • with your SCENE loyalty card, or
  • using the .

SCENE loyalty card

The fastest way to earn points is with your SCENE loyalty card. Earn up to 200 points for purchasing a movie ticket, and 10 points for every $1 you spend on concessions.

There are opportunities to earn bonus points while eating at Cara restaurants as well.

Scotiabank SCENE Visa

If you want to earn SCENE points on all of your purchases, the can help you earn points even faster.

Earn 1 point for every $1 you spend, and get 5 points per $1 spent at Cineplex theatres and Cineplex online.

If you’re a student, there’s a nearly identical student version of this card.

For more details, read the full Cineplex SCENE guide here.

9. Desjardins BONUSDOLLARS – 1 dollar per point

The Desjardins BONUSDOLLARS program offers the same value for nearly all redemptions.

Best ways to redeem Desjardins BONUSDOLLARS

There’s multiple options that provide good redemption values:

  • travel,
  • Desjardins Financial Products,
  • show tickets, and
  • donations.

What are Desjardins BONUSDOLLARS worth?

A Desjardins BONUSDOLLAR is worth the same as an actual dollar. So, all options give a point value of $1.

However, for merchandise, they don’t cover taxes and fees, so they’re worth a little less.

And for gift cards, you have to pay an additional 2 BONUSDOLLARS, lowering your value just a tad as well.

Best ways to earn Desjardins BONUSDOLLARS

The only way to earn Desjardins BONUSDOLLARS is with one of their branded credit cards. There are several credit card options available, but I’ll take a look at the 2 best.

Desjardins Odyssey World Elite Mastercard

The best option is the .

Earn up to 2% in BONUSDOLLARS with this card. Plus, it also comes with some of the best credit card insurance available.

Desjardins Modulo Visa

The is another great option that will allow you to earn 1% in BONUSDOLLARS and also comes with some good insurance for a lower annual fee of $50.

For more details, read the full Desjardins BONUSDOLLARS guide here.

10. Marriott Bonvoy – 1.04 cents per point

The Marriott Bonvoy program is a great choice for free hotel stays.

And as a bonus, your points cover taxes and fees.

Best ways to redeem Marriott Bonvoy points

Using your Marriott Bonvoy points for travel is the best redemption option, with 2 ways that really stand out:

  • hotel stays, and
  • transfers to airline partners.

What are Marriott Bonvoy points worth?

For most members, redeeming for free hotel nights will be the redemption option of choice. I value a single point at 0.97 cents when used for a free hotel night.

Marriott also has over 40 airline programs you can transfer your points to, Aeroplan being one of them.

And as a bonus, when you transfer 60,000 points as once, you get 15,000 points as part of the transfer. Marriott points transfer at a 3:1 ratio to Aeroplan – maximizing this bonus can give you up to 25,000 Aeroplan miles.

Our value for an Aeroplan mile is 2.5 cents, giving each Marriott point a value of 1.04 cents when transferred to Aeroplan.

Best ways to earn Marriott Bonvoy points

There’s 2 ways to earn Marriott Bonvoy points – with the loyalty card and by using a Marriott-branded credit card.

Marriott Bonvoy loyalty card

Getting points while staying at Marriott properties is a good place to start.

You’ll earn 10 points for every $1 USD on eligible hotel charges, with the exception of TownPlace Suite, Residence Inn, and Element properties, which all earn 5 points per $1 USD spent.

Marriott Bonvoy American Express Card

If you want to earn Marriot points on all your purchases, the will let you earn 2 points per $1 spent on all purchases. You’ll also get 5 points per $1 spent at Marriott properties.

There’s also great Marriott benefits, such as the annual free night voucher and automatic Silver Elite status.

For more details, read the full Marriott Bonvoy guide here.

11. MBNA Rewards – 1 cent per point

For flexible and easy-to-use rewards, the MBNA Rewards program has you covered. Choose from travel, merchandise, gift cards, and statement credit redemption options.

Best ways to redeem MBNA Rewards points

Using your points for travel and gift cards are the best options for redeeming your MBNA Rewards.

What are MBNA Rewards programs worth?

When redeeming MBNA Rewards, travel through MBNA Rewards is your best option. Each point is worth 1 cent.

Gift cards are another good option, giving your points a value of 0.92 cents. However, if you redeem them for e-Gift cards, your value increases to 1 cent each.

Best ways to earn MBNA Rewards points

Getting a MBNA Rewards credit card is the only way to earn MBNA Rewards points. Here are the top 2 credit card options.

MBNA Rewards World Elite

If you want the most points you can earn, the will give you 2 points per $1 spent.

And for a welcome bonus, get up to 20,000 points – 10,000 points after your first purchase and another 10,000 points when you register for e-statements within 90 days after your account is opened.

MBNA Rewards Platinum Plus

If you prefer to accumulate rewards with no annual fee, the will let you earn up to 2 points for every $1 spent.

And it comes with a sign-up bonus of up to 10,000 points:

  • get 5,000 points after your first purchase, and
  • an additional 5,000 points when you register for e-statements within 90 days after your account is opened.

For more details, read the full MBNA Rewards guide here.

12. More Rewards – 0.42 cents per point

A program geared towards Western Canadians, More Rewards offers a variety of merchants to earn loyalty points and credit cards to boost your earnings.

Best ways to redeem More Rewards

For best value, here are the options to consider when redeeming your More Rewards points:

  • Vancouver Canucks tickets and
  • travel booked through More Rewards.

What are More Rewards worth?

When redeeming for Vancouver Canucks tickets at Rogers Arena, each point is worth 0.58 cents.

However, if you don’t live in Vancouver or aren’t a Vancouver Canucks fan, then redeeming for travel is your next best option, where each point is worth 0.42 cents each.

Best ways to earn More Rewards points

There’s 2 ways to earn More Rewards – with a More Rewards loyalty card or by having the in your wallet.

More Rewards loyalty card

Using your More Rewards loyalty card is a good start. You’ll get 1 point per $1 spent at most participating retailers, some of which include:

  • Save On Foods,
  • Petro Canada,
  • Panago Pizza, and
  • More Rewards Travel.

If you shop at Save On Foods, you’ll earn bonus points with personalized offers.

Scotiabank More Rewards Visa

If you want even more points, getting the is worth considering.

Earn 4 More Rewards points per $1 spent, and get 6 points at More Rewards partners. Plus this card has no annual fee.

For more details, read the full More Rewards guide here.

13. National Bank À La Carte Rewards – 1 cent per point

A “big 5 bank” program, National Bank À La Carte Rewards will let you redeem for travel, merchandise, and National Bank financial products.

Best ways to redeem your National Bank Rewards

To redeem your National Bank rewards, you have several different options that provide good value:

  • travel through À La Carte Travel,
  • any travel, and
  • National Bank financial products.

What are National Bank À La Carte Rewards worth?

If you want the best value for your points, your best bet is redeeming through the À La Carte Travel Agency for flights and vacation packages. Each point is worth 1 cent.

If you’re looking to redeem for a different type of travel purchase, such as a hotel room or car rental, or prefer to find and book any travel deal you find, you can do that as well. Each point is worth 0.83 to 0.91 cents depending on how many points you redeem.

Finally, if you want to use your points to contribute to a National Bank investment product or help pay bank account fees, each point is worth between 0.83 to 1 cent, depending on the product you redeem for.

Best ways to earn National Bank À La Carte Rewards

The only way to earn National Bank À La Carte Rewards is with an À La Carte credit card. There are 3 personal cards available.

National Bank World Elite Mastercard

The premium offering of the trio is the . This is the one that offers the most points for your purchases:

  • earn 1.5 points per $1 spent on the first $40,000 in annual spend, then
  • earn 2 points on the next $40,000.

Plus, earn a bonus 1.5 points per $1 on flight and vacation packages booked through the À La Carte Travel Agency.

And as a great standout perk, it comes with up to $250 in travel fee reimbursements and a comprehensive insurance plan.

National Bank World Mastercard

To earn À La Carte Rewards without the income requirements of a World Elite Mastercard, the is a great option. You’ll also get the same insurance package as its World Elite brother.

Earn 1.25 points per $1 spent on the first 20,000 in annual spend, and 2 points on the next $20,000.

You’ll earn a bonus 1.25 points per $1 spent on flight and vacation packages booked through the À La Carte Travel Agency.

National Bank Platinum Mastercard

For a lower annual fee, the is the next best thing.

You’ll earn 1 point per $1 spent on all purchases, as well as a bonus point on flight and vacation packages booked through the À La Carte Travel Agency.

For more details, read the full National Bank Rewards guide here.

14. PC Optimum – 0.1 cents per point

The PC Optimum program lets you earn points that you can use for instant discounts at the register of any Loblaws branded store. For free groceries, this program is worth considering.

Best ways to redeem PC Optimum points

The only way to redeem your PC Optimum points is at Loblaws branded stores, which includes Shoppers Drug Mart..

What are PC Optimum points worth?

10 PC Optimum points are worth 1 cent when redeemed at the register.

Best ways to earn PC Optimum points

There are 2 ways to earn PC Optimum points: with the PC Optimum loyalty card and with a PC Financial credit card.

PC Optimum loyalty card

Using your loyalty card is the best way to earn PC points. You’ll get personalized offers every week that allow you to earn a set amount of points for purchasing certain products.

For example, you could get an offer to earn 200 points for every $1 spent on tomatoes or 12,500 points when you spend $125 on almost anything in-store. You can also get offers on individual products.

If you shop at Shoppers Drug Mart, you can also earn an additional 15 points per $1 spent.

President’s Choice Financial Mastercards

Getting a PC Financial Mastercard will let you earn points on all your purchases. All cards earn 10 points per $1 spent with bonuses on Loblaws and Esso purchases.

The PC Financial World Elite Mastercard will let you earn 30 points per $1 spent at Loblaws stores, fuel at Esso, and PC Travel.

The PC Financial World Mastercard will let you earn 20 points per $1 spent at Loblaws stores and PC Travel, and 30 points per $1 spent on fuel at Esso.

The PC Financial Mastercard will let you earn 20 points per $1 spent at PC Travel and 30 points per $1 spent on fuel at Esso.

Related: 3 PC Financial Mastercards Reviewed and Compared

15. RBC Rewards – 2.3 cents per point

RBC Rewards has all the standard options of using your points to book for any travel. And if you have an RBC Avion card, you also have access to a flight redemption chart and the ability to transfer to several airline programs.

Best ways to redeem RBC Rewards

Using your points for travel is the best way to redeem your RBC rewards. Here are the various options:

  • Air Travel Redemption Schedule,
  • transfer to 4 airline partners, and
  • redeem for any travel at RBC Rewards.

What are RBC Rewards worth?

Depending on the method of redemption, your points have varying value.

The best redemption option is by using the Air Travel Redemption Schedule. By maximizing the flight chart, you can get a value of up to 2.33 cents per point.

Next is to transfer to airline partners. The best option is to transfer your points to British Airways at a 1:1 ratio. This will give your points a value of 1.75 cents each.

You can transfer your points to WestJet, where 100 points becomes 1 WestJet dollar, giving each point a value of 1 cent.

Finally, you can redeem for any travel booked through RBC Rewards, where each point is worth 1 cent.

Best ways to earn RBC Rewards

The best way to earn RBC Rewards is by using a credit card. The best option is the .

Earn 1 point for every $1 you spend on the card, with 0.25 points extra on travel purchases. It also comes with a sign-up bonus of 15,000 points after being approved.

Don’t meet the income requirements of a Visa Infinite card? The has the same base earn rate, welcome bonus, and annual fee. It just has a little less insurance and perks.

For more details, read the full RBC Rewards guide here.

16. Scotia Rewards – 1 cent per point

The Scotia Rewards program offers a variety of ways to use your points. While travel generally provides the best value, there’s also the ability to transfer to SCENE or redeem for merchandise.

Best ways to redeem Scotia Rewards

With Scotia Rewards, there are several ways to get good value for your points that isn’t just limited to travel:

  • travel booked either through Scotia Rewards or any way,
  • transfer points to SCENE, and
  • redeem for merchandise from the Best Buy & Apple Catalogues.

What are Scotia Rewards points worth?

Generally, the best way to use your points is to redeem for travel.

You have the option to either redeem through Scotia Rewards or book any deal you can find. Both these options will give you a 1 cent per point value.

Just note for travel booked any way, you need to have enough points to cover the full cost of the transaction.

Transferring 1,000 Scotia Points will give you 770 SCENE points. We value a SCENE point at 1.2 cents, giving you Scotia Rewards point a value of 0.92 cents.

Finally, redeem your points for merchandise from the Apple & Best Buy catalogues where one point is worth between 0.89 to 1.11 cents each.

Best ways to earn Scotia Rewards

A Scotia Rewards credit card is the only way to earn this kind of rewards.

Here are the top 2 credit cards for the program.

Scotiabank Gold American Express

If you want the most points possible, the will offer you up to 4 points per $1 spent.

Plus, you also get 15,000 points after spending $1,000 in the first 3 months.

And as a bonus, it has low income requirements of only $12,000 personal.

Scotiabank Passport Visa Infinite

Looking for points, but also want some great perks? The can get you both.

The biggest perk is this card charges no foreign transaction fees. Save yourself 2.5% on every purchase made in a foreign currency. Plus, you get a priority pass membership with 6 free passes.

This card will earn you up to 2 points per $1 spent and a welcome bonus of 30,000 points after spending $1,000 in the first 3 months.

For more details, read the full Scotia Rewards guide here.

17. TD Rewards – 0.5 cents per point

TD Rewards offers a unique way to redeem your points with their partnership with Expedia.

Best ways to redeem TD Rewards points

With TD Rewards, travel provides the best way to redeem your points, but there are also a few novel ways as well:

  • Redeem for travel at Expedia For TD.
  • Redeem for any travel.
  • Pay for tuition and student loans.

What are TD Rewards points worth?

If you want the best value for your points, redeeming them through Expedia For TD will offer you a point value of 0.5 cents.

If there’s a travel deal you want to book through any provider, each point is worth 0.4 cents.

And for a unique way to put your points to work, use them to help pay for your education or repaying your student loans. Each point is worth 0.4 cents this way.

Best ways to earn TD Rewards points

Using a TD Rewards credit card is the only way to earn points with the program.

Here’s a brief overview of the 3 cards associated with the program.

TD First Class Travel Visa Infinite

Offering the most points you can earn, the gives 3 points per $1 spent on all of your purchases, and 9 points per $1 spent at Expedia For TD online.

And earn up to 80,000 points as part of signing up – 20,000 after your first purchase, and another 60,000 after spending $1,000 in the first 3 months. This card gives you the first year free.

TD Platinum Travel Visa

If you want a card that still earns plenty of points but has no income requirements, the is a good choice.

Earn up to 3 points per $1 spent, plus 5 points per $1 spent at Expedia For TD online.

There’s also a sign-up bonus worth up to 25,000 points – 15,000 after your first purchase, and another 10,000 after spending $1,000 in the first 3 months. This card also has no annual fee.

TD Rewards Visa

Prefer a no annual fee card? The is a good choice. Earn up to 2 points per $1 spent, plus 3 points per $1 spent at Expedia for TD.

For more details, read the full TD Rewards guide here.

18. WestJet Rewards – 1 dollar per point

Fly with Canada’s second largest carrier to earn rewards towards free travel with WestJet and their partner airlines.

Best ways to redeem WestJet Dollars

The only way to redeem your WestJet dollars are by redeeming for flights on WestJet, Delta, Air France, KLM, and Qantas.

What are WestJet Dollars worth?

A WestJet dollar is worth an actual dollar when redeemed for flights. You can’t use your dollars to pay for taxes and fees, they only cover the base air fare.

Best ways to earn WestJet Dollars

There’s 2 ways you can earn WestJet Dollars.

The first is by flying with WestJet – you’ll earn a percentage of any base airfare and vacation package in WestJet Dollars.

WestJet RBC World Elite Mastercard

The other way is with a credit card. The best option is the .

Earn 1.5% on all your purchases in WestJet dollars and earn 2% on WestJet flights

Plus, get access to an annual companion voucher starting at $99 plus taxes and fees, and a free checked bag for yourself and up to 7 others travelling on the same reservation.

Related: WestJet RBC World Elite Mastercard: Deep Dive Review

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