How A lot Are Factors Price? (Quarter 3 2025)

We’re now in Quarter 3 of 2025, and it’s as soon as once more time to revisit our Factors Valuations, which we replace on a quarterly foundation.

Late in Quarter 2, 2025, Aeroplan made probably the most vital modifications to this system since its relaunch in Fall 2020 with the debut of a revamped Flight Reward Chart.  This system needs to be updating the median values any day now, and I’m eager to see what (if something) modifications.

On April 30, 2025, WestJet Rewards underwent a large transformation. WestJet {dollars} turned WestJet factors, and most of the program’s earlier ache factors have been eradicated. 

In the meantime, Porter Airways launched a duo of co-branded bank cards with BMO this spring. VIPorter factors are actually simpler than ever earlier than to earn, and as an added bonus, there are wonderful redemption alternatives for economic system journey inside North America.

South of the border, Amex US Membership Rewards has seen a number of reasonably vital modifications within the current previous. You’re now not in a position to convert MR factors into HawaiianMiles (and thus to Alaska miles), and the switch ratio to Emirates Skywards has been devalued.

Earlier than we delve into the valuations, a pleasant reminder that the main target of those valuations lies within the goal redemption worth of every factors forex, reasonably than the acquisition price that you simply would possibly incur (which may range considerably relying on how you favor to earn factors).

Air Canada Aeroplan

In late March, Aeroplan printed a brand new Flight Rewards Chart, and made probably the most vital modifications to this system we’ve seen since its relaunch in Fall 2020.

A handful of accomplice airways – formally termed as Choose Companions – turned topic to dynamic pricing, and our preliminary evaluation confirmed a little bit of a combined bag.

One facet of the brand new chart that I’m conserving an in depth eye on is the median values, that are speculated to be up to date each quarter. I haven’t observed a refreshed Flight Reward Chart but, however I’m curious to see what modifications (if something does).

Aeroplan stays a wonderful loyalty program – among the finest on the earth – and we’re lucky in Canada to have so some ways to entry it. 

• Continued valuation: 2.1 cents per level (CAD)

WestJet Rewards

In late April, WestJet Rewards underwent a big overhaul as WestJet {dollars} turned WestJet factors, and the methods in which you’ll be able to earn and redeem WestJet factors have been expanded.

It’s true that this system is best than it was once, whereas it’s vital to acknowledge that there have been unfavorable modifications introduced final fall, too. Lots of the ache factors – like solely with the ability to redeem WestJet factors in opposition to the bottom fare – have been eliminated, and this system stays a easy, easy program (which is by design).

For my part, this system nonetheless doesn’t actually permit for lots of intrigue, because it’s basically a fixed-value factors program that’s extra aligned with Scene+, CIBC Aventura, TD Rewards, BMO Rewards, and many others., than it’s with, say, Aeroplan or VIPorter. 

The truth is, in case your major purpose is to save cash on WestJet flights by way of incomes rewards on bank cards, I’d argue you’re significantly better off incomes Scene+ factors as a substitute.

In some circumstances, you may get a slight quantity of outsized worth by way of Member Unique Fares, however normally, you’ll be able to redeem WestJet factors at 1 cent per level (in opposition to base fares, Different ATC, baggage charges, and seat choice charges throughout the reserving course of), or for barely much less for third-party taxes and charges or redemptions utilized after the reserving.

• Valuation: 1 cent per level (CAD)

VIPorter

This spring, Porter Airways launched its first-ever co-branded bank cards along with BMO. Previous to this, coming throughout VIPorter factors was reasonably troublesome, which was a disgrace because the program presents wonderful alternatives for economic system redemptions.

Presently, Porter Airways is present process a speedy enlargement of its fleet, and it presents a rising roster of locations throughout Canada, the USA, Mexico, the Caribbean, and Costa Rica.

In the event you’re primarily based in Toronto, Ottawa, and even Montreal, you’ll have the most effective entry to Porter’s community, and this system ought to undoubtedly be in your radar for nice economic system redemptions inside North America.

It’s not unusual to get redemption values north of two–3 cents per level, which is a excessive commonplace for economic system redemptions. 

Plus, the transatlantic redemption charges with Air Transat are a fantastic deal, and Porter’s rising relationship with Alaska Airways (and different carriers) is certainly one thing to control.

For now, we’ll keep a really conservative valuation of VIPorter factors, although I think about this determine will develop as this system presents much more flexibility to members.

• Valuation: 1.5 cents per level (CAD)

American Categorical US Membership Rewards

In the USA, American Categorical Membership Rewards has seen some changes to its roster of switch companions within the current previous.

Ever since 1:1 factors transfers between Alaska Airways Mileage Plan and HawaiianMiles turned potential, many members of the Miles & Factors neighborhood have been changing their US MR factors into Hawaiian miles, after which to Alaska miles.

This represented an impressive alternative to pad your Mileage Plan stability, as Alaska miles are typically fairly troublesome to earn.

As of June 30, 2025, HawaiianMiles is now not a switch accomplice with US Membership Rewards, which signifies that Alaska miles are as soon as once more comparatively inaccessible.

In the meantime, the switch ratio for Emirates Skywards was lately devalued from 1:1 to five:4. In different phrases, you’ll get 20% fewer Skywards miles than you used to. 

There are nonetheless loads of excellent methods to get outsized worth out of your US MR factors, however they’re not fairly as versatile as they was once.

• Continued valuation: 2.5 cents per level (CAD) / 1.8 cents per level (USD)

Factors Valuations, Quarter 3 2025

Right here’s a abstract of our Factors Valuations for Quarter 3 of 2025. You’ll be able to check with the Factors Valuations web page for a full checklist with extra notes.

Conclusion

The second quarter of 2025 noticed some optimistic enhancements which is nice for Miles & Factors fans, whereas others modified for the more severe.

Bear in mind, deal with these numbers as merely a suggestion for affordable goal redemption values when deciding whether or not to redeem factors or pay money in your subsequent journey.

In the end, the worth derived from each redemption might be subjective to the person traveller, and our valuations are designed as an example a median benchmark throughout the neighborhood to assist inform your choice as you think about your subsequent factors redemption.