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How much is the value of 1M Amex MR points?
Tired of guessing what the value of 1M Amex MR points is? FinlyWealth's point calculator tool can estimate the value of your points when redeemed through various options in Canada.
Number of Points
Points
Loyalty Program
1,000,000 Amex MR points is worth $21,000 CAD on average using the most optimal redemption (Transfer to Airline Partners)
1,000,000 Amex MR points is valued at $16,600 CAD on average if redeemed towards fixed point travel program
1,000,000 Amex MR points is valued at $16,600 CAD on average if redeemed towards transfer to hotel partners
1,000,000 Amex MR points is valued at $10,000 CAD on average if redeemed towards statement credits (cash)
1,000,000 Amex MR points is valued at $7,650 CAD on average if redeemed towards gift cards
1,000,000 Amex MR points is valued at $7,000 CAD on average if redeemed towards amazon.ca
1,000,000 Amex MR points is valued at $6,300 CAD on average if redeemed towards merchandise
American Express Membership Rewards Points Value Chart
American Express Membership Rewards Points Value Table
Redemption | Average Value |
|---|---|
Transfer to Airline Partners | 2.1¢ / point |
Fixed Point Travel Program | 1.66¢ / point |
Transfer to Hotel Partners | 1.66¢ / point |
Statement Credits (Cash) | 1¢ / point |
Gift Cards | 0.765¢ / point |
Amazon.ca | 0.7¢ / point |
Merchandise | 0.63¢ / point |
Best Credit Cards for the American Express Membership Rewards Loyalty Program
These credit cards will give you the most rewards and benefits to optimize for American Express Membership Rewards points
American Express Cobalt® Card
First Year Value:
$1,255.2
Annual Fee
$155.8
$0
Learn More
First Year Bonus
$315
Modify spending to satisfy bonus requirement
Net Annual Rewards
$940.2
Annual fee deducted
5/5
Our Rating
American Express® Green Card
First Year Value:
$677.86
Annual Fee
$0
$0
Learn More
First Year Bonus
$210
Modify spending to satisfy bonus requirement
Net Annual Rewards
$467.86
Annual fee deducted
3.9/5
Our Rating
American Express Gold Rewards Card®
First Year Value:
$1,629.03
Annual Fee
$250
$0
Learn More
First Year Bonus
$1,260
Modify spending to satisfy bonus requirement
Net Annual Rewards
$369.03
Annual fee deducted
4.2/5
Our Rating
American Express Platinum Card®
First Year Value:
-$217.74
Annual Fee
$799
$0
Learn More
First Year Bonus
$0
Modify spending to satisfy bonus requirement
Net Annual Rewards
-$217.74
Annual fee deducted
4.5/5
Our Rating
Rewards based on $2,000/month average spending. Estimates may be higher if you meet spend requirements for certain welcome bonuses. Click learn more on the card to calculate your rewards.
American Express Membership Rewards Points Value in Increments
Optimal Redemption Value 2.1¢ / point | Optimal Redemption Value 2.1¢ / point | ||
|---|---|---|---|
| 1 point | $0.021 | 60,000 points | $1,260 |
| 10 points | $0.21 | 65,000 points | $1,365 |
| 100 points | $2.1 | 70,000 points | $1,470 |
| 1,000 points | $21 | 75,000 points | $1,575 |
| 2,500 points | $52.5 | 80,000 points | $1,680 |
| 5,000 points | $105 | 85,000 points | $1,785 |
| 10,000 points | $210 | 90,000 points | $1,890 |
| 15,000 points | $315 | 95,000 points | $1,995 |
| 20,000 points | $420 | 100,000 points | $2,100 |
| 25,000 points | $525 | 125,000 points | $2,625 |
| 30,000 points | $630 | 150,000 points | $3,150 |
| 35,000 points | $735 | 200,000 points | $4,200 |
| 40,000 points | $840 | 250,000 points | $5,250 |
| 45,000 points | $945 | 500,000 points | $10,500 |
| 50,000 points | $1,050 | 750,000 points | $15,750 |
| 55,000 points | $1,155 | 1,000,000 points | $21,000 |
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