14 reward programs · Updated monthly
Indian Credit Card Reward Currencies
Every major Indian credit-card reward currency, with realistic paise-per-point values, devaluation history, and the cards that earn each. Pick a currency below to see redemption routes, trend analysis, and which cards are worth holding for it.
HDFC Bank
HDFC Diners Club Reward Points
70prealistic / max 100p
₹0.70 per point
-10.0p
HDFC Bank
HDFC Reward Points
35prealistic / max 50p
₹0.35 per point
-3.0p
Axis Bank
Axis Bank EDGE Miles
30prealistic / max 50p
₹0.30 per point
-15.0p
SBI Card
SBI Card Reward Points
25prealistic / max 30p
₹0.25 per point
-2.0p
ICICI Bank
ICICI Reward Points
25prealistic / max 30p
₹0.25 per point
-1.0p
American Express India
Amex Membership Rewards India
50prealistic / max 70p
₹0.50 per point
-2.0p
Tata Digital (with HDFC Bank)
Tata Neu NeuCoins
70prealistic / max 100p
₹0.70 per point
-5.0p
Vistara (Tata/Singapore Airlines JV)
Club Vistara Points
80prealistic / max 120p
₹0.80 per point
-10.0p
Marriott International
Marriott Bonvoy Points (India)
42prealistic / max 60p
₹0.42 per point
-3.0p
Kotak Mahindra Bank
Kotak Reward Points
22prealistic / max 30p
₹0.22 per point
stable
AU Small Finance Bank
AU Bank Reward Points
22prealistic / max 30p
₹0.22 per point
stable
RBL Bank
RBL Bank Reward Points
25prealistic / max 35p
₹0.25 per point
-2.0p
Standard Chartered Bank
Standard Chartered 360 Rewards
25prealistic / max 35p
₹0.25 per point
stable
IDFC FIRST Bank
IDFC FIRST Reward Points
22prealistic / max 25p
₹0.22 per point
stable
How we calculate these values
For each reward currency we identify the highest documented public redemption rate (typically against flight redemptions, hotel transfer partners, or branded catalogues). We apply a 30% friction discount for caps, blackouts, expiry, partner availability. The result is a "realistic average" closer to what most cardholders actually realise — not theoretical best requiring perfect optimisation.