Looking to get more travel for less? You should focus on transferable reward credit card points. They’re the most valuable in Canada.
You’ll get better value, more options, and save money with transferable points since you can transfer them to many airline and hotel programs.
According to our points valuation, American Express Membership Rewards® points rank among the most valuable in Canada.That’s thanks to the many ways you can earn and redeem them.
Here’s why transferable rewards deserve your focus and which cards are worth considering.
What Are Transferable Points
You’ll earn transferable points from select reward credit cards that let you transfer them to top airline and hotel programs.
You’ll have the flexibility to choose the best options and save money on travel.
With American Express Membership Rewards®, you can earn points with plenty of cards like the American Express Cobalt® , American Express Gold®, and American Express Platinum®.
The AWP Newsletter
Fuel your adventures with points
Sign up to get your free guide. Get our newsletter with credit cards and points tips. See how easy it is to travel for nearly free.
The AWP Newsletter
Fuel your adventures with points
Sign up to get your free guide. Get our newsletter with credit cards and points tips. See how easy it is to travel for nearly free.
More Airline and Hotel Choices
You’ll get the most value from transferable points like Amex Memership Rewards® because you can choose from many airline and hotel partners instead of being tied to one program.
Top Offers
Wondering which credit card to get next?
Our recommendations for the best credit card offers in Canada for November 2025.
Top Offers
Wondering which credit card to get next?
Our recommendations for the best credit card offers in Canada for November 2025.
American Express Membership Rewards®
You’ll find American Express Membership Rewards® points are the most valuable transferable points in Canada.
You’ll get about 2 cents per point in value based on our latest valuations. You’ll earn strong returns because you can transfer them to plenty of travel partners.
American Express Membership Rewards® Cards
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Welcome Points: 120,000
Welcome Value: $5,100
Annual Fee: $799
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Welcome Points: 40,000
Welcome Value: $1,300
Annual Fee: $199
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Welcome Points: 15,000
Welcome Value: $590
Annually Fee: $191.88 ($15.99 Monthly)
Transfer Bonuses
You’ll often see American Express offer transfer bonuses from 15% to 40%. These can make a big difference, giving you enough extra points to book premium economy or even business class.
Check out the latest credit card transfer bonuses as they help you get more value from your points.
Why Transfer Points
You’ll get more value and benefits when you transfer points and book directly with an airline or hotel instead of using a credit card portal. It’s especially rewarding for premium cabins and luxury stays.
You’ll also have the flexibility to combine points from many sources into one program, making it easier to book bigger trips. Direct bookings usually include better change and cancellation options too.
Plus, you’ll enjoy perks tied to your loyalty status and co-branded credit cards, like free checked bags, upgrades, breakfast, and priority boarding.
I transferred Amex Membership Rewards® points to Flying Blue to book two business class seats to Paris.
Each ticket was only 45,000 Flying Blue points, or 60,000 Membership Rewards® points.
Each ticket was only 45,000 Flying Blue points, or 60,000 Amex MR points.
You’ll usually pay thousands in cash for the same trip in peak season, but we flew in lie-flat comfort and arrived refreshed.
When to Transfer Points
You’ll want to transfer your points only when you’re ready to book. Most transfers happen instantly, but it’s smart to check transfer ratios and timing first.
You’ll get the most value when you use your points for strong redemptions and avoid holding them too long, since they can lose value over time.
AWP TIP
You’ll want to confirm award space before transferring. Most transfers are instant, but you can’t reverse them.
Beginner’s Guide
From points newbie to booking your first trip.
Learn how easy it’s for Canadians to earn and redeem points with the best reward credit cards and programs. Make your first redemption for almost free travel in no time.
Beginner’s Guide
From points newbie to booking your first trip.
Learn how easy it’s for Canadians to earn and redeem points with the best reward credit cards and programs. Make your first redemption for almost free travel in no time.
Bottom Line
You’ll get more flexibility and value from transferable points than fixed rewards or cash back can match.
You can earn American Express Membership Rewards® points through multiple cards with welcome offers and everyday spending.
You can transfer your Membership Rewards® to plenty of airline and hotel partners. This means you can combine them with your existing loyalty points to redeem for flights, premium cabins, and luxury hotels while saving money.
