What’s your point actually worth?
A reward point isn’t worth one fixed number — it’s worth whatever your best redemption gives you. The same HDFC point can be ₹0.30 as cashback or close to ₹1 booked through SmartBuy. Here’s the realistic base-to-best range for each major Indian currency, and the redemption route that gets you to the top.
| Currency | Base | Best |
|---|---|---|
| HDFC Reward Points HDFC Bank | ₹0.25 | ₹1.00 |
| Axis EDGE Miles Axis Bank | ₹0.20 | ₹1.00 |
| Amex MR American Express | ₹0.25 | ₹0.50 |
| Axis EDGE Points Axis Bank | ₹0.20 | ₹0.40 |
| ICICI Reward Points ICICI Bank | ₹0.25 | ₹0.40 |
| SBI Reward Points SBI Card | ₹0.25 | ₹0.25 |
“Base” ≈ statement credit / catalogue floor. “Best” ≈ realistic ceiling via the highest-value redemption. Tap any currency for how to earn it, transfer partners, expiry, and how to reach the top of the range.
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Regulated by Reserve Bank of India.
Credit cards in India are issued by banks and NBFCs licensed by the Reserve Bank of India. Card issuance, credit limit, interest rate (APR), fees, and reward structures are at the sole discretion of the issuer subject to KYC, credit profile, and internal policy. Rates and benefits shown on this page are issuer-published and may change without notice — verify on the issuer's official website before applying.
Risk note: Carrying revolving credit-card balances at typical APRs of 36–48% per annum is one of the most expensive forms of debt in India. Always pay the total amount due, not just the minimum.
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