250,000 Membership Rewards points are worth up to $5,000 with Fixed Points Travel, or $2,500 with Statement credits (cash).
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| Redemption option | Value per point | 250,000 points |
|---|---|---|
| Fixed Points Travel | up to 2¢/point | up to $5,000 |
| Transfer to airline partners | 1.48¢ – 3.96¢/point | $3,700 – $9,900 |
| Flexible Points Travel | 1¢/point | $2,500 |
| Statement credits (cash) | 1¢/point | $2,500 |
| Gift cards | up to 0.8¢/point | up to $2,000 |
| Amazon.ca and PayPal | 0.7¢/point | $1,750 |
| Transfer to hotel partners | 0.62¢ – 0.82¢/point | $1,560 – $2,040 |
Rates checked November 13, 2026. Fixed rates are the program’s own. “Up to” values come from fixed-points charts: the maximum fare divided by the points. Ranges are WalletReturn estimates, explained on the page. Programs can change rates at any time; check before you redeem.
WalletReturn is an independent Canadian comparison site. Values are estimates; confirm current terms with the provider. Commission never changes rankings. Methodology · Advertising disclosure