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Airline & Hotel Transfer Partners
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How Much Are My Credit Card Reward Points Worth in India?
The value of credit card reward points in India ranges from ₹0.10 to ₹1.00 per point, depending on the card and redemption method. HDFC Infinia offers the highest at ₹1/point via SmartBuy travel bookings, while catalogue redemptions typically yield only ₹0.15-0.25/point.
The same 10,000 points can be worth ₹10,000 or just ₹2,000 — a 5x difference from choosing the right redemption channel.
What Is the Best Way to Redeem Credit Card Points in India in 2026?
The best way to redeem credit card points in India is through the bank's travel portal for flight and hotel bookings. This consistently delivers the highest per-point value across HDFC, Axis, SBI, ICICI, and Amex cards.
For premium cards, transferring points to airline frequent flyer programs like Singapore Airlines KrisFlyer or British Airways Avios can unlock even higher value — especially for business class award bookings.
Credit Card Reward Points Value Per Bank (May 2026)
HDFC Bank: Infinia and Diners Club Black points are worth ₹1.00/point via SmartBuy for flights, hotels, Tanishq, or Apple. Gift vouchers yield ₹0.50/point. Product catalogue drops to ₹0.20/point.
Axis Bank: EDGE points are worth ₹0.20 to ₹0.50/point. Magnus and Atlas get ₹0.50/point via Travel EDGE portal.
SBI Card: Reward points are worth ₹0.25/point. Cashback now capped at ₹2,000 per month as of April 2026.
ICICI Bank: Reward points are worth ₹0.25/point. Emeralde gets ₹0.50/point via InterMiles.
American Express: Membership Rewards range from ₹0.30 to ₹1.00/point. Best value from airline transfers at 1:1 ratio.
What Changed in the April 2026 Credit Card Devaluations?
Between January and April 2026, every major Indian bank devalued credit card reward programs. Axis removed Marriott, Accor, and Qatar Airways as transfer partners. HDFC changed Turkish Airlines and Avianca ratios from 1:1 to 2:1. SBI capped monthly cashback at ₹2,000. This tool reflects all post-devaluation data.