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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
Latest trend: Tier-1 cards see consistent 35-50 paise; mass-market Millennia tier closer to 25-30