American Express Membership Rewards (MR) points are by far the most powerful rewards currency in Canada. Membership Rewards points excel in pretty much every metric: they are extremely easy to earn, they offer very good value on the redemption side, and as a transferable points currency, the flexibility they provide is unparalleled. If you had to pick one rewards program in Canada to concentrate on, Amex Membership Rewards should be a no-brainer.
Earning American Express Membership Rewards Points
American Express Membership Rewards points can be earned in a number of ways, including the following:
- Welcome bonuses, spending, and upgrades on credit cards that earn Membership Rewards points
- Referral bonuses through the Refer-a-Friend program
- Amex Offers
Credit Card Welcome Bonuses
Signing up for American Express credit cards that earn MR points is the best way to build up your points balance, as American Express is known for offering high welcome bonuses if you’re able to meet the minimum spending requirement.In fact, there are seven American Express credit cards that earn MR points to choose from – four personal cards and three business cards.Looking closer, here’s the list of the available cards that you can use to earn American Express MR points:Within the personal card category, the flagship American Express Platinum Card tends to come with the highest welcome bonus, albeit paired with a hefty annual fee of $799 (all figures in CAD). This annual fee is offset by some strong benefits, including an annual $200 travel credit. as well as a $200 restaurant credit, effectively making the annual fee $399.The American Express Gold Rewards Card has a lower annual fee of $250, and with it, a lower welcome bonus. You'll also get four complimentary visits to Plaza Premium Lounges.The American Express Cobalt Card offers a much lower welcome bonus than the Platinum Card and the Gold Card, but it has the best earning rates for daily spending. The annual fee comes in the form of $12.99 monthly fee.Lastly, the American Express Green Card is the only card in the lineup that earns MR points and has no annual fee.Looking at the American Express business credit cards, the American Express Business Platinum Card is the best in terms of earning MR points from a consistently strong welcome bonus. Like its personal counterpart, the annual fee is $799.Another option to consider is the American Express Business Gold Rewards Card, which has an annual fee of $199, and comes with a fairly consistent welcome bonus of around 75,000 points.The third and final offering in the business card category is the American Express Business Edge Card, with an annual fee of $99.Credit Card Spending
Beyond the chunk of points you’ll earn through the welcome bonus, you’re also able to continue earning MR points through day-to-day spending on each of the cards.
The number of MR points earned will depend on the card you are using, what category your spending falls within, and in some cases, how much you are spending.Here are the rates at which each of the cards earns MR points:American Express Platinum Card- 2 MR points per dollar spent on dining and food delivery purchases in Canada
- 2 MR points per dollar spent on eligible travel purchases
- 1 MR point per dollar spent on all other eligible purchases
- 2 MR points per dollar spent on gas, grocery, and drugstore purchases
- 2 MR points per dollar spent on eligible travel purchases
- 1 MR point per dollar spent on all other eligible purchases
- 5 MR points per dollar spent on restaurant, food delivery, and grocery purchases (up to a maximum of $2,500 per month)
- 3 MR points per dollar spent on streaming services
- 2 MR points per dollar spent on gas, public transit, and eligible travel purchases
- 1 MR point per dollar spent point on all other eligible purchases
- 1 MR point per dollar spent on all eligible purchases
- 1.25 MR points per dollar spent on all eligible purchases
- 1 MR point per dollar spent on all eligible purchases
- 3 MR points per dollar spent on office supplies, electronics, rideshare services, gas, and eats and drinks (including food delivery services, but excluding groceries)
- 1 MR point per dollar spent on all other eligible purchases
Credit Card Upgrades
In addition to earning points through welcome bonuses and everyday spend, American Express also has targeted upgrade offers on some of their MR points earning cards.
If you have a personal or business Gold Rewards card, you may be eligible for an upgrade offer to either the personal or business Platinum Card.If you get an upgrade offer, you’ll be responsible for paying the annual fee on the new card, but you’ll also receive bonus MR points as an incentive to upgrade.The MR points you get from upgrading your card are similar to the welcome bonus you’d get if you signed up for the card through traditional channels; however, there are two main differences.The first difference is that an upgrade offer will allow you to get a repeat bonus that wouldn’t otherwise be available if you had already had the upgraded card in the past. That's because welcome bonuses are usually considered a "once-in-a-lifetime" opportunity.Secondly, upgrading your card won’t impact your credit score, while signing up for a new card does have a minimal impact on your score when they do a “hard” inquiry.It’s worth noting that you’re always able to call American Express to see if you are eligible for an upgrade offer. That being said, you’re also able to wait and see if you get a promotional email inviting you to upgrade.Refer-a-Friend
Another great way to collect American Express MR points is through the American Express’s Refer-a-Friend program.With this program, if you have an American Express card, you can send a friend or family member a unique link through which they can apply for the same card or another eligible card. Once your friend’s application is approved, you’ll receive the corresponding number of points as set out by the program.
The number of MR points that you’ll earn will depend on the card you’re referring from and whether or not American Express is currently running a referral promotion.It’s important to keep in mind that points will only be awarded if your friend’s application is approved, and that the points can take a few weeks to post to your account.When there is no promotion running, you can expect to earn the following point quantities for successful referrals:Personal Cards- American Express Platinum Card: 10,000 MR points per referral, to a maximum of 225,000 points per calendar year
- American Express Gold Rewards Card: 7,500 MR points per referral, to a maximum of 112,500 points per calendar year
- American Express Cobalt Card: 5,000 MR points per referral, to a maximum of 75,000 points per calendar year
- American Express Green Card: 2,500 MR points per referral, to a maximum of 37,500 points per calendar year
- American Express Business Platinum Card: 20,000 MR points per referral, to a maximum of 225,000 points per calendar year
- American Express Business Gold Card: 15,000 MR points per referral, to a maximum of 75,000 points per calendar year
- American Express Business Edge Card: 5,000 MR points per referral, to a maximum of 75,000 points per calendar year
Amex Offers
Every American Express card comes with a series of rotating promotions called Amex Offers. A majority of Amex Offers provide statement credits; however, you can usually find a few that offer MR points.
Some of these Amex Offers will earn you extra MR points per $1 spent, while others will hand out a pre-determined quantity of points in a single go after you hit a spending threshold at specific stores or with specific businesses.In order to be eligible for Amex Offers, you’ll need to register for each offer individually through your American Express account. You’ll then need to meet the necessary requirements set out by that offer before the offer’s expiration date.
Keep in mind that each card has its own unique offers, so if you have more than one American Express card, you’ll want to make sure you check all the offers through your online profile or the mobile app. Redeeming American Express Membership Rewards Points
In the same way that there are many ways to earn American Express Membership Rewards points, there are also lots of options when it comes to redeeming your hard-earned points.When debating your MR redemption choices, you’ll want to consider which redemption route offers the best opportunity to maximize the value of your points.
In general, transferring MR points to airline and hotel partner programs is often the best way to get the most value out of the American Express Membership Rewards program.However, there’s also a variety of other ways to redeem MR points that still provide great value, and we’ll go over these options below.
Transferring to Partner Programs
Generally speaking, the best choice for redeeming MR points is by transferring them to partnered loyalty programs.The American Express Membership Rewards program is partnered with six airlines and two hotel loyalty programs to which you can transfer your MR points.The airline loyalty partner programs and the corresponding transfer ratios are as follows:- Air Canada Aeroplan: 1:1
- Air France KLM Flying Blue: 1:0.75
- British Airways Executive Club (Avios): 1:1
- Cathay Pacific Asia Miles: 1:0.75
- Delta SkyMiles: 1:0.75
- Etihad Guest: 1:0.75
Comparatively, the other four airline programs have a less favourable transfer rate of 1:0.75 and follow the same rules for transfer amounts.If you’re hoping to use your MR points to book a free hotel stay, you’re able to transfer points to the following hotel loyalty programs:In this case, MR points can be transferred to Marriott Bonvoy at a rate of 5:6, and to Hilton Honors at a rate of 1:1, following the same rules for transfer quantities as above.
The best program to transfer your MR points to will largely depend on your own travel goals, but you’ll generally get the most value by transferring to Aeroplan, Air France KLM Flying Blue, or British Airways Executive Club.Air Canada’s Aeroplan program is great for unlocking Star Alliance partner flights at fairly decent rates. Some of the most aspirational products you can book using the program include ANA First Class, Lufthansa First Class, Etihad Airways First Class, Singapore Airlines business class, and more.Air France KLM Flying Blue is arguably the best program for booking transatlantic flights with Air France or KLM in economy, premium economy, or business class, due to the very attractive award pricing. You can also book flights with other SkyTeam airlines, such as China Airlines, as well as external partners, such as Etihad Airways.British Airways Executive Club Avios are a solid option for short-haul flights in parts of Asia and Australia, and can also be used to book Qatar Airways Qsuites.When transferring to hotel programs instead airline programs, it’s harder to get the same level of outsized value; however, there’s still situations where it could make sense.Generally speaking, transferring to Marriott Bonvoy will get your more value than transferring to Hilton Honors due to the value of Bonvoy points and the more favourable transfer rate.It’s important to note that once you transfer MR points to another program, you won’t be able to transfer them back, so it’s always best to have a specific redemption in mind before initiating your transfer to avoid any post-transfer regret.Fixed Points Travel Program
Another option for redeeming your MR points for good value is by booking flights through the American Express Fixed Points Travel program.When booking flights through the Amex travel portal, you can use a specific number of MR points to cover the base ticket price of your fare, up to a certain amount (based on your chosen route).
To determine the number of MR points needed for each flight redemption, you’ll need to find out which the program’s six categories your flight falls within, with the categories being based primarily on the distance flown.The categories are as follows:Canada/US Popular Short-Haul FlightsThis category offers redemptions for popular short-haul routes at a rate that is incrementally lower than the regular short-haul category below. The eligible routes include Calgary–Vancouver; Montreal–New York; Toronto–Montreal; Toronto–New York; and Toronto–Ottawa.For a round-trip economy flight within this category, you’ll need to redeem 15,000 MR points, with a maximum base ticket price of $300. This redemption offers a value of 2 cents per MR point.Canada/US Other Short-Haul FlightsThis category allows you to redeem MR points for flights from a Canadian province or territory to a destination within the same province or in an adjacent Canadian province, Canadian territory, or US state (excluding Alaska).For a round-trip economy flight within this category, you’ll need to redeem 20,000 MR points, with a maximum base fare price of $300, giving you a value of 1.5 cents per MR point.Another option is to redeem 50,000 MR points for a maximum base fare of $800 in business class, offering a value of 1.6 cents per MR point.Canada/US Long-Haul FlightsThis category offers redemptions on flights travelling from a Canadian province or territory to a non-adjacent Canadian province, Canadian territory, or US state (excluding Alaska and Hawaii).For a round-trip economy flight within this category, you’ll need to redeem 40,000 MR points for a maximum base ticket fare of $700. This provides a 1.75 cents per MR point value.For a round-trip business class ticket, you’ll need to redeem 100,000 MR points for a maximum base fare of $1,800, giving you a value of 1.8 cents per MR point.Canada to Specific DestinationsThe last three categories offer flights to destinations outside of Canada and the US (plus Hawaii and Alaska).North America and Central AmericaFor round-trip economy flights from anywhere in Canada to Alaska, Bermuda, the Caribbean, Central America, Hawaii, or Mexico, you’ll need to redeem 50,000 MR points. With a maximum ticket price of $800, this redemption offers a value of 1.6 cents per MR point.Round-trip business tickets within the same category require 120,000 MR points for a maximum base fare price of $2,100, offering a value of 1.75 cents per MR point.EuropeFor round-trip economy flights from anywhere in Canada to any destination in Europe, you’ll need to redeem 60,000 MR points for a maximum base fare price of $900. This exchange offers a redemption value of 1.5 cents per MR point.If you’d prefer to travel business class, you can get a round-trip ticket for 140,000 MR points. This covers a maximum base fare of $2,500 and offers a redemption value of 1.79 cents per MR point.WorldwideThe final redemption category is for flights from anywhere in Canada to destinations in Africa, Asia, Australia, Middle East, New Zealand, South America, or the South Pacific.In this category, you’re able to redeem 100,000 MR points for a round-trip ticket in economy class. This redemption can have a maximum base fare of $1,700 and is valued at 1.7 cents per MR point.You’re also able to book a round-trip business class ticket for 250,000 MR points, with a maximum base fare of $4,500. This offers a value of 1.8 cents per MR point.Comparing all the redemption categories, the best value can be found in redeeming your MR points at 2 cents per point for a round-trip economy flight on one of the popular short-haul routes found in the first category.To achieve this value, you’ll need to redeem the fixed amount of MR points (15,000 points) for the maximum base ticket price ($300).That being said, you’ll want to compare all of your options when it comes to booking your flight, as you can still get better value from transferring your MR points to Aeroplan or British Airways Executive Club.Statement Credits
Membership Rewards points can also be redeemed for statement credits. This is probably the quickest and easiest way to redeem your MR points; however, you’ll likely get better value by transferring to a partnered loyalty program instead.When redeeming your points for statement credits, you’ll get a fixed rate of 1 cent per MR point. To access this option, you’ll also need to redeem a minimum of 1,000 MR points.
As stated above, when compared to loyalty program transfers or redemptions for a flight through the fixed-points travel program, redeeming MR points for statement credits provides significantly worse value.That being said, there have been promotions, which raise the statement credit from 1 cent per point to 1.2 or 1.5 cents per point.While you still won’t get quite the same value as transferring your MR points out or redeeming them for a flight, you’re definitely getting a lot closer at 1.5 cents per point.What’s more, given that statement credit redemption s are by far the quickest way of redeeming your MR points, this can be of value if you find you need to offload your points in a hurry.Other Options for Redeeming MR Points
Although additional redemption options for MR points do exist, they should all be avoided. This includes the options to redeem your points for gift cards, for purchases made on Amazon or with PayPal, or for overpriced items in the Amex online store.
Each of these options provides a redemption rate of less than 1 cent per point. This means that you will always be better off simply redeeming your points for a statement credit against your purchases, rather than buying a gift card or an overpriced item.Transferring Points to Another Country
The final option for redeeming your MR points is by transferring them to an Amex MR program in another country. In this case, if you hold an American Express card within a second (or third) country, you can transfer your MR points to that account.For example, if you have an American Express US card that earns Amex US Membership Rewards points, you can transfer your Canadian MR points to your US Membership Rewards account.MR points will be transferred based on the exchange rate, so you’ll end up with less US MR points than the number of Canadian MR points you started with. However, you’ll have access to more transfer partners in the US program, which may help you unlock flights that you don’t have access to through the Canadian MR transfer partners.Conclusion
American Express’s Membership Rewards program is arguably the strongest rewards program in Canada. There are lots of ways to earn MR points, including with generous welcome bonuses and referral bonuses.The program also offers a wide array of transfer partners, allowing you to piece together your travel plans through several airline and hotel loyalty programs, or to redeem your points for fixed-rate flights at a decent value.With so many redemption choices, make sure you take some time to get to know all of the options in order to make the best decision for your needs.