Canada’s loyalty landscape is dominated by a handful of programs that sit on top of credit cards from the major banks. Understanding how each program earns, what your points are actually worth, and which redemptions give you the most value is the key to getting outsized value from your everyday spending.
Canada’s Major Rewards Programs
| Program | Backed By | Best For | Approx. Point Value |
|---|---|---|---|
| Aeroplan | Air Canada | Star Alliance flights, international travel | 1.5–2.5¢/pt |
| Scene+ | Scotiabank | Flexible — travel, movies, groceries | ~1.0¢/pt |
| Avion Rewards | RBC | Avios transfers, Cathay Pacific, British Airways | 1.0–2.5¢/pt |
| Air Miles | LoyaltyOne | Domestic flights, merchandise, cash | 0.7–1.2¢/pt |
| Amex Membership Rewards | American Express | Transfers to Aeroplan, Avios, Marriott | 1.0–2.0¢/pt |
| TD Rewards | TD Bank | Expedia for TD portal redemptions | ~0.5¢/pt |
| BMO Rewards | BMO | Travel portal + cash out | ~0.7¢/pt |
| WestJet Rewards | WestJet | WestJet flights, WestJet Vacations | ~1.1¢/pt |
| Aventura | CIBC | Travel portal, transfers | ~1.0¢/pt |
| PC Optimum | Loblaw | Grocery, Shoppers Drug Mart | 0.1¢/pt |