HDFC Reward Points value.
Worth far more booked through SmartBuy than redeemed for cashback — the gap between floor and ceiling is the widest of any Indian program.
₹0.25
per point · statement credit / catalogue floor
₹1.00
per point · via SmartBuy flight & hotel bookings on premium cards
Typically 2–3 years from the statement in which they were earned; unredeemed points lapse.
Where you earn it
Regalia Gold, Diners Club Black, Infinia and most premium HDFC cards (note: Millennia/MoneyBack earn CashPoints, a separate currency).
Transfer partners
- · Select airline & hotel partners on Infinia / Diners Black (via SmartBuy / concierge)
How to maximise
- Redeem through SmartBuy for flights/hotels — premium cards (Infinia, Diners Black) can reach ~₹1/point there versus ~₹0.20–0.30 for cashback.
- Watch the per-cycle SmartBuy redemption caps; value drops once you cross them.
- Avoid redeeming for product catalogue items or statement cashback unless you have no travel use — that is the lowest-value exit.
Watch out for
- CashPoints (Millennia/MoneyBack) are a different currency with different rules — don't confuse the two.
- Premium-card SmartBuy value is capped monthly/quarterly; beyond the cap you fall back to base value.
Next steps
- · Compare all reward currencies — base-to-best value across HDFC, Axis, ICICI, SBI and Amex
- · HDFC Bank credit cards — the cards that earn HDFC Reward Points
- · Best cashback cards — when flat cashback beats chasing points
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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.
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