Here's your Rewards Canada Daily update! Your daily dose (or near
daily dose) of loyalty program, credit card and travel news, bonuses,
deals and more. This update is brought to you by the HSBC +Rewards Mastercard which
is currently offering a welcome bonus of up to 30,000 bonus points, no
annual fee in the first year and a low 11.9% interest rate!
Great news from our friends at
HigherEdPoints as
they have brought back another big loyalty partner to their ranks that
you can redeem points for education! You can now once again redeem
American Express Membership Rewards points
for a HigherEdPoints certificate. This means you can use your
Membership Rewards points (all types Select, First etc.) to help pay for
tuition and/or student loans. The redemption rate is 32,500 Membership
Rewards points for $250. This works out to almost 0.77 cents per point
which puts the redemption value about 10% higher than the Use Points for
Purchases option (essentially cash back). This means for cards like the
American Express Cobalt Card which earns up to 5x points your return
woud range from 0.77% to just over 3.8%.
Learn more about redeeming MR points for HigherEdPoints here.