We’ve discussed the Petro-Points and More Rewards partnership several times on Rewards since it launched in 2016. Petro Canada is More Rewards largest nationwide partner and when they became partners you could link you More Rewards account to your Petro-Points account. Then when you made a purchase at any Petro Canada gas station or convenience store not only would you earn your Petro-Points but you would also earn More Rewards points. This is a great option to earn points in several programs at once, add in your credit card payment and your triple dipping on every Petro Canada purchase. Here are some of our past posts discussing the relationship and the programs themselves that you can read as time allows so we don’t have to rewrite them here:
- How you can earn a 4% or higher return on lottery ticket and convenience store purchases
- Scotiabank More Rewards Visa Review
The Top 4 Coalition Program Credit Cards for Aeroplan, AIR MILES, More Rewards & SCENE members
Petro-Points get a makeover – easier to understand, now better for some, worse for others
Recently they expanded the partnership between the two reward programs by allowing you to convert Petro-Points to More Rewards points.
The conversion rate runs 10,000 Petro-Points to 2,400 More Rewards Points. With this conversion you are actually gaining value in points if you redeem More Rewards points for travel! Granted its very little but still you get ever so slightly more value. The revised Petro-Points program runs on a simple 10,000 points = $10 redemption basis. When you convert to More Rewards that 2,400 More Rewards points is equivalent to approximately $10.08 (value of a More Rewards point is ~$0.0042 when redeeming for travel). Personally I would only covert to More Rewards if I was redeeming for travel as that provides the best value and wouldn’t do so for merchandise or gift cards via More Rewards unless you only need a few more points to actually redeem then I would convert only enough to top off for that reward.
If you haven’t linked your Petro-Points card to your More Rewards card you can do so here. Really you should be linking your cards no matter what.You can still earn the extra Petro-Points offered by the program by also linking your SPC, HBC Rewards, CAA or BCAA cards.
Also seeing that there isn’t a credit card available for Petro-Points right now you could always go for the More Rewards Visa (ranked the #1 No Fee Travel Points Card in Canada) as your main payment method at Petro-Canada.
Scotiabank More Rewards Visa Card
- Earn 5,000 Bonus More Rewards Points on approval and 10,000 Bonus
More Rewards Points on first purchase if you apply by August 31, 2017
- Earn 6 More Rewards points for every $1 spent on purchases at
participating More Rewards locations including Save-On-foods, PriceSmart
Foods, Overwaitea Foods, Cooper’s Foods and Urban Fare stores and
participating More Rewards partners such as Petro Canada and Panago.
- Earn 4 points for every $1 on other purchases everywhere else
- Redeem your More Rewards points for travel, groceries, gift cards, merchandise and more
- No annual fee and no earning or redemption caps.