What is the Value of an RBC Rewards Point?

Point of Clarity: RBC Reward Points from Avion and RBC Reward Points, are similar and even transferable (when you product switch from a Reward Points card to an Avion, they transfer 1:1). However, non-Avion Reward Points don't have access to the Fixed Flight Rewards chart. Otherwise, the points are identical.


RBC Rewards Points are Royal Bank's in-house credit cards reward program. They are rather versatile, and available redemptions include flight rewards (for Avion points), travel bookings, statement credits, gift cards, and transfers to Hudson's Bay Rewards, or several transfer partners. For this analysis we are going to focus on flight rewards, Hudson's Bay Rewards transfers and Westjet Dollars transfers as they will produce the most value for most Canadians. Transfers to several international airline loyalty programs are available but only dedicated Canadian travel hackers will want to use these (and if you do, more power to you! They can produce some great value). We determined the best redemption to be from the Avion Air Travel Redemption Schedule, which will provide a value of 1.75 cents per Avion Point. Otherwise, RBC Rewards Points are worth 1 cent per RBC Rewards Point.

Flights - Value: 1.75 Cents Per Point

Transfer to Westjet Dollars - Value: 1 Cent Per Point

Transfer to HBC Rewards - Value: 1 Cent Per Point


Flights

Value: 1.75 Cents Per Point

The RBC Air Travel Redemption Schedule is even better than the American Express Membership Rewards flight rewards chart. Redemptions require fewer Points and have higher max ticket prices. Since the tickets booked will not always be the maximum ticket price, we estimate an average value of 1.75 cents per point.


Avion Flight Table


Transfer to Westjet Dollars

Value: 1 Cent Per Point

RBC Rewards Points can be directly transferred to WestJet Dollars at a 100:1 rate. WestJet Dollars are generally worth 1 Dollar per Westjet Dollar (as the name implies) so we value this redemption at 1 cent per point. It is important to note that RBC occasionally runs transfer bonuses to WJD, which may further improve this value.


Transfer to HBC Rewards

Value: 1 Cent Per Point

RBC Rewards Points can be directly transferred to HBC Rewards at a 1:2 rate. Since each HBC Rewards point is worth 0.5 cents, we consider this redemption to be worth 1 cent per point.

Great! You've successfully subscribed.
Great! Next, complete checkout for full access.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.