Shopping Discussion

Value of one point in various programs

  • Last Updated:
  • Aug 26th, 2019 2:32 pm
[OP]
Deal Fanatic
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Jan 9, 2011
5635 posts
5605 upvotes
Vancouver

Value of one point in various programs

There are many RFD threads with titles like "get 20,000 bonus 'X' points." . But for those of us who aren't already familiar with the 'X' program, we have no idea how much that is. 20,000 points could be worth $2,000+ (Air Miles) , $100 (HSBC), or $20 (PC Optimum).

So I though I'd start a quick reference guide. Those in the know please update thread summary.
Last edited by Kiraly on Aug 25th, 2019 8:45 pm, edited 1 time in total.
Thread Summary
Value of one point:

Retail:

Air Miles: 10.5¢ (cash), ~5¢-20¢ (dream)
Canadian Tire Triangle: face value
Cineplex Scene: 1¢
Esso Extra: ~0.6¢ (fuel discount) to ~2¢ (car washes)
More Rewards: 0.25-0.43¢
PC Optimum: 0.1¢
Petro-Canada: 0.1¢


Banks:

American Express MR: 1¢ if redeemed on travel, potentially much more if transferred to airline programs
American Express MR Select: 1¢ if redeemed on travel
BMO: 0.7¢
CIBC Aventura: 0.9¢-1.2¢
HSBC Rewards: 0.5¢
RBC Avion: 1-2¢, when redeemed on flights.
Scotiabank points: 1¢
TD Rewards: 0.5¢
Vancity Credit Union: 1¢
6 replies
Deal Fanatic
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Dec 28, 2007
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Alberta
Kind of make it sound like the PCO program is a total waste of time. But in reality, it's one of the best ones out there.
Deal Fanatic
Feb 7, 2017
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Eastern Ontario
jackrabbit000 wrote:
Aug 25th, 2019 8:53 pm
Kind of make it sound like the PCO program is a total waste of time. But in reality, it's one of the best ones out there.
This...

It’s hard to compare Programs, cuz it’s not so much about what a Point or Mile is worth
So much as is, how hard it is to earn them ... so you can ultimately ENJOY THEM by reaping the Rewards

Plus Reward Value even within the same Program can differ so much

Example the AirMiles Program
Is often listed as 95 AirMiles = $ 10 Cash Reward = ($ 0.10.526 cents per mile)

But it can be a lot more or a lot less if you have Dream Miles and how you choose to redeem
Overpriced merchandise
Onyx Amex Reserve Card Flex Fly Rate = 770 AirMiles = $ 100 Onyx Amex Dream Miles ($ 0.12.987 cents per mile)
Or on an AirMiles Seat Sale ... one might see a return rate value of $ 0.15 cents or more per miles

But ya, basic math of 1 Point / 1 Mile equals $ x.xx
I suppose this thread has some value
But I still advise RFDers to check in on the relative website, or stop by the RFD Ongoing Mega thread for each Programs to see what’s happening
Last edited by PointsHubby on Aug 25th, 2019 11:44 pm, edited 1 time in total.
[OP]
Deal Fanatic
User avatar
Jan 9, 2011
5635 posts
5605 upvotes
Vancouver
Points taken, but the point of this thread is not to list what the earning potential of various programs is by spending, nor it meant to be a comparison of which programs are better. There are other threads for that. This one is simply supposed to list what the redemption value of the points themselves are, regardless of how they are earned. I’ve been wishing for years for such a list, so I finally started it myself.
Last edited by Kiraly on Aug 26th, 2019 10:56 am, edited 1 time in total.
Deal Addict
Jan 19, 2017
1591 posts
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1 Petro Can pt =$0.001. But you get 10 pts per $1 spend.
Deal Expert
Aug 22, 2006
24043 posts
9555 upvotes
This is half the reason I don't have any point based credit cards. Only cash.
It doesn't help that most of the cards seem to hide the redemption values (or make it harder to find) so I can't even compare.

I'm sure I'm losing money relatively speaking, but it's easier knowing I'm getting exactly X% rather than 6000 points for this.

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