Sell Your Amex MR Points for Cash
Convert your American Express Membership Rewards points into Canadian dollars. We offer the highest rates in Canada for Amex MR points—whether you hold a Platinum, Gold, or Cobalt card.
This is the complete guide covering every Amex card in the Canadian lineup. If you landed here from a specific card search, everything you need is on this single page.
Turn Points Into Cash NowCurrent Rates
- 50,000 points = $550 – $775
- 100,000 points = $1,100 – $1,550
- 200,000 points = $2,200 – $3,100
Exact rate depends on volume and current market conditions.
About Amex Membership Rewards
American Express Membership Rewards is one of the most valuable and flexible points currencies in Canada. Points are earned through spending on eligible American Express cards and can be transferred to airline and hotel partners or used for travel, merchandise, and statement credits. Learn more about what your Amex points are really worth in 2026.
We offer premium rates for Amex Membership Rewards because of their flexibility and high demand in the Canadian market. Not sure which Amex card is right for you? Check our Amex Cobalt vs Gold vs Platinum comparison.
Top 6 Reasons to Sell Amex Membership Rewards Points
1. Cancelling or Downgrading Your Amex Card
When you cancel an American Express card like the Platinum or Gold Rewards Card, you typically have 30–90 days to use your accumulated Membership Rewards points before they vanish. If you're not planning to open another MR-earning card, selling your points preserves their value instead of letting them expire. Read our complete guide on what happens to your Amex points when you cancel your card.
Real scenario: You cancel your Amex Platinum after realizing you don't use the lounge access enough to justify the annual fee. You have 120,000 MR points with 60 days to use them. Selling nets you $1,320–$1,860 CAD immediately—enough to cover 1–2 years of a no-fee cash-back card.
2. Limited Transfer Options in Canada
Canadian Amex Membership Rewards has fewer transfer partners than the US program. While you can transfer to Aeroplan, Marriott Bonvoy, and British Airways Avios, options are limited compared to what US cardholders enjoy. If the available partners don't align with your travel needs, selling converts your points to flexible cash.
Many Canadians accumulate MR points hoping for new transfer partners that never materialize. Selling eliminates the waiting game and gives you certainty today.
3. Program Devaluations and Transfer Ratio Changes
Transfer ratios can change without notice. What's 1:1 today might become 1:0.75 tomorrow. If you've been holding points waiting for the "perfect redemption," consider that their value might decrease before you use them. Selling locks in today's cash value and protects you from future devaluations.
In 2020, Amex changed transfer ratios for several Canadian partners. Those who sold before the change got better value than those who waited.
4. Better Uses for Guaranteed Cash
While Amex MR points can theoretically deliver 2–3¢ value through premium cabin transfers, that requires finding award availability, paying hefty fuel surcharges, and having flexible travel dates. Many Canadians find the guaranteed cash value of $1.1–$1.55 per 100 points more practical than chasing optimal redemptions.
Consider: $1,500 cash today can pay for home repairs, reduce debt, or cover emergency expenses. Those are guaranteed benefits vs. speculative travel value.
5. Annual Fee Burden vs. Usage
Premium Amex cards charge substantial annual fees ($155.88–$699). If you're paying these fees primarily to earn points but rarely redeeming them, you're paying for value you're not extracting. Selling your accumulated points and switching to a lower-fee or no-fee card often makes more financial sense than continuing to pay for unused benefits.
Analysis: If you have 150,000 points and pay $250/year in fees, selling generates $1,650–$2,325 cash—covering 6–9 years of those annual fees.
6. Business Expenses Creating Personal Tax Complications
If you earned Amex MR points through business spending on a business card, using those points for personal travel creates grey areas in tax accounting. Selling the points for cash that goes into your business account simplifies bookkeeping and eliminates questions about personal benefit from business expenses.
Some business owners sell their MR points quarterly, treating it as a cashback rebate on business expenses rather than dealing with the complexity of personal redemptions from business-earned points.
What Are Amex MR Points Worth?
The value of Amex MR points varies depending on how you use them. Use our free Amex Points Calculator to see your exact cash value:
| Use Case | Value per Point |
|---|---|
| Statement credits | $0.007 – $0.010 |
| Transfer to airline partners | $0.015 – $0.025+ |
| Fixed Points Travel (hotel/flights) | $0.010 – $0.015 |
| Selling to Mega Miles | $0.011 – $0.0155 |
Selling makes sense when you prefer guaranteed cash today over optimizing transfer partner value.
How to Sell Your Amex MR Points
Request Your Quote
Fill out our quote form with your Amex MR point balance. We'll send you a personalized offer within 24 hours.
Accept Your Quote
Review your offer and reply to accept. We'll send you detailed transfer instructions.
Transfer Your Points
Transfer your Amex MR points to one of our designated airline partner accounts as instructed. Cobalt holders: transfer MR Select to Aeroplan first (1:1, instant).
Get Paid
Once we confirm receipt, you'll receive payment via Interac e-Transfer or cheque within 24–48 hours.
The entire process typically takes 3–5 business days from quote request to payment.
How to Transfer Amex MR Points: Complete Guide
Transferring Amex Membership Rewards points is straightforward through their airline transfer partners. Here's the exact process:
Step-by-Step Transfer Process
- 1.Log into your American Express account at americanexpress.com/canada using your username and password.
- 2.Navigate to Membership Rewards by clicking on "Rewards" in the main menu, then select "Use Points" and "Transfer to Travel Partners."
- 3.Select the transfer partner we specify in your instructions email (typically an airline loyalty program like Aeroplan or British Airways Avios).
- 4.Enter the recipient account details the frequent flyer number and name we provide. Ensure the spelling matches exactly what we give you.
- 5.Specify the number of points to transfer. Enter the exact amount we've agreed to purchase. Most transfers complete instantly.
- 6.Confirm the transfer. Review the details carefully. Once confirmed, the transfer cannot be reversed.
- 7.Save your confirmation and email it to us. We'll verify the points arrived (usually within minutes for most partners) and process your payment.
Important Transfer Details
- • Transfer times: Most Amex MR transfers are instant, though some partners can take 24–48 hours
- • No fees: American Express doesn't charge transfer fees for Membership Rewards
- • Transfer ratios: Typically 1:1, meaning 10,000 MR = 10,000 partner points
- • Minimum transfer: Usually 1,000 points per transaction
- • Irreversible: Once transferred, points cannot be moved back to your MR account
- • Account security: Never share your Amex password. We only need the transfer completed through official channels.
Tax Treatment of Selling Amex MR Points in Canada
Disclaimer: This is educational information only, not tax advice. Consult a qualified Canadian CPA or tax advisor for guidance specific to your situation.
The tax treatment of selling Amex Membership Rewards points depends primarily on how you earned them and whether you're an individual or business.
Personal Card Points (Most Common)
If you earned Amex MR points through personal spending on a personal credit card (Platinum, Gold, Cobalt), they're likely considered personal use property. Gains on personal use property under $1,000 are generally not taxable under Canadian tax law.
Practical impact: Most individual sales of personally-earned points are not reported by sellers. The CRA has shown no interest in pursuing individuals for selling personal loyalty points.
Business Card Points (Requires Attention)
If you earned points through an American Express Business card and claimed those expenses as business deductions, the CRA might consider proceeds from selling those points as business income, which would be fully taxable.
Best practice: If selling points earned through business expenses, consult your accountant about whether to report it as business income or reduce your expense deductions retroactively.
Large or Regular Sales
If you're selling points regularly (monthly/quarterly) or in large amounts ($5,000+ per transaction), the CRA might view this as a business activity rather than disposal of personal property. This is more likely if you're actively accumulating points specifically to sell them.
Record Keeping Best Practices
- Keep statements showing how you earned the points (personal vs. business card)
- Save our payment confirmation and transaction records
- Document the total amount sold per calendar year
- If business-earned, discuss with your accountant during tax filing
When You Shouldn't Sell Your Amex MR Points
We believe in honest recommendations. Here's when keeping your Membership Rewards points makes more sense:
✈️ You Have Premium Cabin Travel Plans
Transferring Amex MR to Aeroplan for business or first-class redemptions can deliver 2–3¢ per point in value—nearly double our cash rate. If you're planning premium travel in the next 6–12 months and have flexibility with dates, direct redemption often beats selling.
💳 You're Keeping Your Amex Card
If you plan to continue earning Amex MR points and will use them eventually, selling your current balance might not make sense unless you have far more points than you'll realistically redeem. Consider your earning rate and typical redemption patterns.
🎯 You Have a Specific Redemption Goal
If you're 20,000 points away from booking a specific redemption you've been planning (like a honeymoon or family reunion trip), finishing earning those points and redeeming directly will likely deliver more value than selling at our rates.
🔄 Transfer Bonuses Are Available
Occasionally, Amex offers transfer bonuses (e.g., 25% extra when transferring to Marriott). If a bonus is active for a partner you'd use, transferring during the promotion can increase your value beyond our cash rates. These bonuses are announced on the Amex website.
💰 The Amount Won't Move the Needle
With our 25,000 point minimum ($275–$388 value), very small balances aren't eligible. If you're close to the minimum, consider making a few more purchases on your Amex card to reach it, or explore using them for small statement credits through American Express directly.
Our Commitment: We'll tell you honestly if we think you'd get better value redeeming your points yourself. Our business is built on trust and repeat customers, not pressuring anyone into suboptimal decisions.
Amex Card-Specific Selling Guides
Each Amex card in the Canadian lineup presents a slightly different selling scenario. Use the guide below for your specific card before you request a quote.
Amex Platinum ($699/year)
Canada's highest-fee card — and the most common reason sellers come to us
Platinum Benefits Breakdown
Annual Travel Credit
Flights, hotels booked through Amex Travel
$200
Dining Credit
Select Canadian restaurants
$200
Centurion Lounge Access
Premium airport lounges worldwide
~$500+
Marriott Gold + Hilton Gold Status
Hotel upgrades, late checkout
~$200+
Travel Insurance Suite
Trip cancellation, medical, baggage
~$300+
Break-even math: If you use the travel credit ($200), dining credit ($200), and visit lounges 4+ times ($400+), you're covering the fee. But if travel is rare, you may only capture $200–$400 in value from a $699 card.
Key Considerations for Platinum Holders
Welcome bonus liquidation
Many sign up for the welcome bonus (often 70,000–100,000 points) but realize the card doesn't fit their lifestyle. Sell the bonus points and cancel before the second year's fee—you've extracted cash, not lost it.
Travel frequency has dropped
Post-pandemic lifestyle changes or career shifts mean fewer trips. Lounge access and hotel status have diminishing returns if you're only flying 2–3 times per year.
Large accumulated balances
Long-time holders often have 200,000–500,000+ points. At $0.013/point that's $2,600–$6,500 in cash—significant enough to justify a sale even if you plan to stay in the Amex ecosystem.
Downgrade vs. Sell: The Decision
Downgrade to Gold ($250/yr)
- Keep earning MR points
- $100 annual travel credit
- Existing points preserved
- $449/year savings
Best for occasional travelers who still want MR flexibility.
Sell Points & Cancel
- Immediate cash: $0.011–$0.0155/pt
- Full annual fee saved going forward
- No commitment to future travel
- Clean break from premium cards
Best for those leaving the premium card space entirely.
Platinum Cancellation Timeline
Points expire 30–90 days after cancellation. The safe order: (1) use your travel and dining credits, (2) get a quote from us, (3) transfer points, (4) receive payment, (5) cancel the card. Never cancel before your points are converted.
Real Scenarios
First-Year Cancellation
You signed up for the 80,000-point welcome bonus, earned another 20,000 from spending, but realize the card doesn't fit your lifestyle.
100,000 points × $0.013 = $1,300 cash
Plus $400 in credits used = $1,700 total value extracted. You paid $699, netting $1,001 profit.
Long-Time Cardholder Exit
You've held the Platinum for 5 years and accumulated 350,000 points but travel has decreased significantly.
350,000 points × $0.014 = $4,900 cash
Rather than letting points expire or forcing travel you don't want, convert to cash that can be invested, saved, or spent freely.
Business Platinum Liquidation
Your Amex Business Platinum has 750,000 MR points. You're closing the business or want cash for tax planning.
750,000 points × $0.015 = $11,250 cash
Large balances command premium rates. Consult your accountant on tax treatment for business-earned points.
Amex Gold ($250/year)
The mid-tier sweet spot — full MR flexibility at a moderate price
Gold Benefits Breakdown
Annual Travel Credit
Flights, hotels through Amex Travel
$100
Points on Travel & Gas
Flights, hotels, car rentals, fuel
2x
Points on All Other Purchases
Everything else
1x
Priority Boarding
Select airlines
Included
Travel Insurance Suite
Trip cancellation, car rental, baggage
Included
Effective fee: After using the $100 travel credit, your actual annual cost is $150—making Gold the best value proposition in the Amex lineup for moderate travelers.
Mid-Tier Optimization
Gold earns regular Membership Rewards—not the limited MR Select from Cobalt. This means full transfer partner access and the same cash value as Platinum card points. Gold is the "just right" card for sellers who want flexibility without premium pricing.
Moderate travelers (3–6 trips/year)
Don't need lounge access but want travel insurance and boarding priority.
Road warriors
Earn 2x on gas and benefit from comprehensive travel insurance coverage.
Business owners
Separate travel rewards on a mid-tier card without the Platinum overhead.
Upgrade vs. Downgrade vs. Sell
Upgrade to Platinum ($699/yr)
Consider upgrading if:
- • You fly 6+ times per year and value Centurion Lounge access
- • You can use $200 travel credit + $200 dining credit annually
- • Marriott Gold + Hilton Gold status has value for your hotel stays
Your Gold MR points carry over to Platinum. Upgrade first, continue earning, then sell when you're ready to exit entirely.
Downgrade to Cobalt ($155.88/yr)
Consider downgrading if:
- • Your spending is concentrated in dining/groceries (5x on Cobalt)
- • You don't need the $100 travel credit or priority boarding
- • You want to save $94/year while staying in the Amex ecosystem
Warning: Your regular MR points convert to MR Select when downgrading to Cobalt. MR Select has fewer transfer partners. Sell your MR points BEFORE downgrading to preserve their full flexibility and cash value.
Sell Points & Cancel
Consider selling and cancelling if:
- • You're simplifying to a no-fee or cash back card
- • You need cash now rather than speculative travel value
- • You have a large accumulated balance sitting idle
Use your $100 travel credit first, transfer MR to Aeroplan, sell for cash, then cancel. This maximizes total value extracted.
Real Scenarios
First-Year Bonus Seller
You signed up for the 40,000-point welcome bonus and earned 15,000 more from spending. Realized the card isn't for you.
55,000 points × $0.012 = $660 cash
You paid $250 fee − $100 credit = $150 effective. Net profit: $510 from first year.
Multi-Year Accumulator
You've held the Gold for 3 years, used the travel credits each year, and accumulated 120,000 points. Ready to simplify to cash back.
120,000 points × $0.013 = $1,560 cash
Convert years of earning into immediate liquidity for other financial goals.
Business Gold Liquidation
Your Business Gold has accumulated 300,000 MR points. Closing the business or need capital.
300,000 points × $0.014 = $4,200 cash
Business points can offset wind-down costs. Consult your accountant on tax treatment.
Amex Cobalt ($155.88/year)
The entry-tier earner — requires an extra conversion step before selling
Important: Cobalt Points Are Different
The Amex Cobalt earns Membership Rewards Select—not regular Membership Rewards. MR Select has limited transfer partners and cannot be sold directly. You must first transfer to Aeroplan (1:1 ratio, instant) before we can purchase them.
Good news: After transferring to Aeroplan, your points sell at the same rates as regular Aeroplan points. The extra step takes 5 minutes and costs nothing.
MRRegular Membership Rewards
Cards: Platinum, Gold, Business Platinum/Gold
- Transfer to 10+ airline/hotel partners
- Redeem for statement credits
- Use for Fixed Points Travel
- Sell directly via broker
SMR Select (Cobalt)
Cards: Cobalt, SimplyCash Preferred
- Transfer to Aeroplan (1:1)
- Transfer to Marriott Bonvoy (1:1.2)
- Limited other partners
- Sell via Aeroplan conversion
Cobalt Earning Categories
Dining & Food Delivery
Restaurants, UberEats, DoorDash, etc.
5x
Groceries
Supermarkets, grocery stores
5x
Streaming Services
Netflix, Spotify, Disney+, etc.
3x
Transit & Gas
Public transit, rideshare, fuel
2x
Everything Else
All other purchases
1x
The Math: When Cobalt Pays Off
Assume you spend $600/month on groceries + dining (5x category):
- • Monthly points earned: 600 × 5 = 3,000 MR Select
- • Plus 2,500 monthly bonus (when spending $500+) = 5,500 total
- • Annual total: 66,000 MR Select points
- • Cash value when sold: 66,000 × $0.012 = $792
Annual fee: $155.88 → Net value: $636 profit
Effective cash back: When you earn 5x on groceries and sell at $0.012/point, you're getting 6% cash back on grocery spending—far better than any pure cash back card in Canada.
MR Select Conversion: Step by Step
Since Cobalt earns MR Select, you need to convert to Aeroplan before selling. This process takes about 10 minutes total.
Check Your MR Select Balance
Log into americanexpress.com/canada and navigate to Membership Rewards. Note your total MR Select points available for transfer.
Request a Quote from Us
Contact Mega Miles Broker via /sell with your point balance. We'll provide a cash quote based on current Aeroplan rates within 24 hours.
Transfer MR Select to Aeroplan
In your Amex account, select "Transfer Points" → Aeroplan. Enter your own Aeroplan account number and transfer amount. Transfers are instant (1:1 ratio).
Complete the Sale via Aeroplan
Once points are in your Aeroplan account, you'll use Aeroplan's Family Sharing feature to transfer points to our designated account. We'll walk you through this step.
Receive Your Cash
After we confirm receipt of the Aeroplan points, payment is sent via Interac e-Transfer within 24 hours.
Why the Extra Step?
MR Select's limited transfer options mean we can't receive points directly from Amex. By going through Aeroplan (which has Family Sharing), both you and we can easily transfer points. The 1:1 conversion means you don't lose any value—it's just a routing mechanism.
Keep Earning, Sell Periodically
Many Cobalt cardholders treat points like a savings account: earn monthly, sell quarterly or annually. This approach keeps the card for its 5x earning power while regularly converting to cash. Our minimum is 25,000 points (~$275+ cash), which represents roughly 4–5 months of typical Cobalt earning.
Amex MR Selling FAQs
Other Programs We Buy
Aeroplan
$0.01–0.015/point
Learn MoreMarriott Bonvoy
$0.004–0.007/point
Learn MoreReady to Sell Your Amex MR Points?
Whether you hold a Platinum, Gold, or Cobalt card, get your free personalized quote and see exactly how much your points are worth in cash.
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