HDFC Bank

What's 1 HDFC Reward Points worth?

Realistic value (our published)
35p
₹0.35 per point
-3.0p
Theoretical max
50p
Best-case redemption · power-users only
Floor (cash redemption)
15p
Statement credit · worst case

Methodology: max documented redemption × 0.70 friction discount · Last reviewed: 2026-05-23

How to get the most out of 1 HDFC Reward Points

↑ Best redemption route (50p)

SmartBuy catalogue redemption for flight booking via Vistara / IndiGo (₹0.50/point peak)

↓ Worst redemption route (15p)

Statement credit at ₹0.15/point

Methodology note: Effective rate depends heavily on card tier — Regalia Gold redeems higher than Millennia. Realistic avg uses Regalia tier as anchor minus friction.

Cards earning HDFC Reward Points

HDFC Regalia Gold Credit Card
HDFC Bank
HDFC Regalia Gold Credit Card
Annual fee: ₹2,500
★★★★★ 4.7
HDFC MoneyBack+ Credit Card
HDFC Bank
HDFC MoneyBack+ Credit Card
Annual fee: ₹500
★★★★☆ 3.8
HDFC Millennia Credit Card
HDFC Bank
HDFC Millennia Credit Card
Annual fee: ₹1,000
★★★★☆ 4.3
Latest trend: Tier-1 cards see consistent 35-50 paise; mass-market Millennia tier closer to 25-30

Sources

Related

All 14 reward currencies →Full devaluation tracker →How we rate credit cards →
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Methodology disclosed
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