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The Value of American Express Membership Rewards Points

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The average dollar value of 1 American Express Membership Rewards point is $0.01

Dollar value of 1 point

Flexibility of points

Can points cover taxes and fees?


high - You can redeem points against any eligible purchase charged to your Card


Compare American Express Membership Rewards credit cards in Canada

The best rewards cards for
  • all reward types
  • cash back
  • store credit
  • travel
  • any annual fee
  • no annual fee
CardBest used forAnnual feeRewards
Food & transit


  • 5 pts/$1 for gas, groceries, restaurants
  • 1 pts/$1 for other

Purchase interest: 20.99%  |  Cash advance: 23.99%  |  Balance transfer: 23.99%

Groceries & dining


  • 5 pts/$1 for groceries, restaurants
  • 2 pts/$1 for gas, travel
  • 1 pts/$1 for other

Purchase interest: 20.99%  |  Cash advance: 21.99%  |  Balance transfer: N/A

Premium perks


  • 3 pts/$1 for Earn 3 points for every $1 in Card purchases on eligible dining and food delivery in Canada.
  • 1 pts/$1 for other
  • 2 pts/$1 for travel

Purchase interest: 20.99%  |  Cash advance: N/A  |  Balance transfer: N/A


  • 1 pts/$1 for all purchases

Purchase interest: 20.99%  |  Cash advance: 21.99%  |  Balance transfer: N/A

Find your perfect credit card in under 60 seconds - No SIN required

  1. Tell us a bit about yourself

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  2. Check your eligibility

    We confirm your eligibility with our partner, TransUnion. This will be a ‘soft credit check’ which you can see but lenders cannot

  3. Find your perfect matches

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How Much Are Your AMEX Membership Rewards Points Worth?


Taxes & Fees

Best Way to Use Your AMEX Membership Rewards Points

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