Rewards Conversion
Compare and find the best credit card rewards conversion rates for your needs
Bank & Program
Conversion Value
Notes
Highest Value
HDFC Bank
Cash Points
₹0.30 – ₹1.00 per point
Value depends on the card variant. Redemption via SmartBuy offers maximum value.
Flights or hotels via SmartBuy with Infinia or Diners Black (up to ₹1.00 per point)
HDFC Bank
Cashback (Millennia Card)
1% to 5% cashback
Cashback is credited automatically and varies by spending category.
5% cashback on Amazon, Flipkart & flight/hotel bookings via SmartBuy
HDFC Bank
Reward Points (Regalia, MoneyBack+ etc.)
₹0.20 – ₹0.50 per point
Cash redemption usually gives lower value; SmartBuy or vouchers offer better returns.
Flights via SmartBuy or select vouchers (up to ₹0.50 per point)
HDFC Bank
NeuCoins (Tata Neu HDFC Card)
₹1.00 per NeuCoin
1 NeuCoin = ₹1 when used on Tata Neu app for Tata brand purchases.
₹1.00 per NeuCoin on Tata Neu app (e.g., Croma, Air India, BigBasket, etc.)
ICICI Bank
PAYBACK Points (Coral, Rubyx, HPCL Coral, etc.)
₹0.25 per point
Points can be redeemed via the PAYBACK platform for vouchers, merchandise, or fuel.
Fuel redemption at HPCL pumps or PAYBACK vouchers (₹0.25 per point)
ICICI Bank
ICICI Rewards (Amazon Pay ICICI Credit Card)
₹1.00 per reward point
No expiry. Reward points are auto-credited as Amazon Pay balance.
Direct credit to Amazon Pay Wallet (₹1.00 per point)
ICICI Bank
Hand-picked Rewards (Emeralde, Sapphiro, etc.)
₹0.25 – ₹0.50 per point
Premium cards have their own rewards platform. Points can be used for travel, vouchers, and merchandise.
Travel or high-value voucher redemptions via ICICI’s Hand-picked Rewards (up to ₹0.50 per point)
SBI Card
Reward Points
₹0.25 – ₹0.50 per point
Value depends on the card and the redemption method. Travel and vouchers provide better value.
Flights, hotels, and e-vouchers via SBI Rewards platform (up to ₹0.50 per point)
SBI Card
Cashback (Cashback SBI Card)
1% – 5% cashback
Cashback auto-credited to the statement. 5% on online spends, 1% elsewhere.
5% cashback on online spending up to ₹10,000 per billing cycle
Axis Bank
EDGE Rewards
₹0.20 – ₹0.25 per point
Applicable to cards like Axis Vistara, Privilege, MyZone, etc. Better value on Axis Rewards store.
Merchandise and vouchers via EDGE Rewards (up to ₹0.25 per point)
Axis Bank
Cashback (ACE, Flipkart, Airtel Axis Cards)
1.5% – 5% cashback
Cashback is credited automatically. Rates vary by card and category.
5% cashback on bill payments, DTH, and recharges via Google Pay (ACE Card)
Axis Bank
Miles (Axis Atlas Card)
1 EDGE Mile = ₹0.50 – ₹1.00
Miles can be transferred to partner airlines or hotels. High redemption value in premium travel.
Transfer to airline partners like Air France/KLM Flying Blue (up to ₹1.00 per mile)
IndusInd Bank
Reward Points
₹0.20 – ₹1.00 per point
Conversion value varies by card and redemption type. Premium cards offer higher value.
Flight bookings or premium redemptions on IndusMoments (up to ₹1.00 per point on premium cards like Indulge)
IndusInd Bank
Cashback (Legend, Iconia Amex)
₹0.75 – ₹1.00 per point
Some cards allow reward points to be redeemed as cash credit, often at better-than-average value.
Cash credit against statement (up to ₹1.00 per point on select cards)
Bank of Baroda
Reward Points (BoB Credit Cards)
₹0.20 – ₹0.25 per point
Reward points applicable on cards like Eterna, Premier, and Select. Redemption options include vouchers and travel.
E-vouchers and travel bookings via BoB Rewards platform (up to ₹0.25 per point)
Bank of Baroda
Eterna Card Cashback
5% reward on online spends
Reward points can be converted to statement credit at ₹0.25 per point. Bonus points on milestones.
Milestone rewards + online spend on Eterna card (effective 5%+ returns)
YES Bank
Reward Points
₹0.10 – ₹0.25 per point
Value depends on the card type and redemption method. Better value on flight/hotel bookings or vouchers.
Flight bookings or gift vouchers via YES Rewards (up to ₹0.25 per point)
YES Bank
YES Private / Exclusive Cards
₹0.25 – ₹0.50 per point
Premium cards offer better reward value; limited redemption options at higher value.
Luxury spends or curated premium experiences via YES Xclusive platform (up to ₹0.50 per point)
IDFC FIRST Bank
Reward Points
₹0.25 per point
Flat value across most cards; redeemable against statement credit or merchandise.
Statement credit or gift vouchers (₹0.25 per point)
IDFC FIRST Bank
Reward Points (Wealth & Select Cards)
₹0.25 per point
Points never expire. High reward earning rates (up to 10X) make this valuable over time.
Statement credit or lifestyle vouchers (₹0.25 per point)
Standard Chartered Bank
Reward Points (Manhattan, Platinum, Ultimate Cards)
₹0.25 – ₹1.00 per point
Ultimate Card offers highest redemption value; others vary. Points can be redeemed for travel, vouchers, or merchandise.
Travel or premium redemptions on Ultimate Card (₹1.00 per point)
Standard Chartered Bank
Cashback (Smart Credit Card)
2% – 5% cashback
Cashback auto-credited; offers 5% on essential categories like fuel, groceries, and utilities with caps.
5% cashback on key categories (fuel, utility, groceries)
Kotak Mahindra Bank
Reward Points (Kotak Credit Cards like Royale, League, etc.)
₹0.1875 – ₹0.25 per point
Value varies slightly depending on the card and redemption type. Points can be redeemed for vouchers, merchandise, or air miles.
E-vouchers and travel bookings via Kotak Rewards (up to ₹0.25 per point)
Kotak Mahindra Bank
Cashback (811 #DreamDifferent Credit Card)
1% cashback on online spends
Cashback is auto-credited monthly with a cap of ₹500 per statement cycle.
1% cashback on online spends (max ₹500/month)
Kotak Mahindra Bank
Miles (Kotak White Reserve Card)
₹0.50 – ₹0.75 per White Mile
Premium card offers White Miles, redeemable for luxury travel and hotel bookings.
Flight/hotel bookings via Kotak White travel portal (up to ₹0.75 per White Mile)
Kiwi
Cashback
₹0.25 per Kiwi
Cashback through Kiwis can be sent to the Bank Account directly
Utilizing Scan & Pay payments for everyday purchases to maximize rewards.
HSBC Bank India
Reward Points (HSBC Cashback, Platinum, Smart Value Cards)
₹0.20 – ₹0.25 per point
Reward points can be redeemed for vouchers, merchandise, or air miles. Redemption value is fairly consistent.
Vouchers and flight bookings (up to ₹0.25 per point)
HSBC Bank India
Cashback (HSBC Cashback Credit Card)
1.5% – 10% cashback
10% cashback on dining, 1.5% on online spends, 1% on others. Cashback is auto-credited monthly.
10% cashback on dining with monthly cap
American Express India
Membership Rewards Points (MRP)
₹0.25 – ₹1.00 per point
Value depends on card type and redemption (statement credit, travel, vouchers, gold collection). Premium cards get higher value.
Statement credit or 18K Gold Collection (up to ₹1.00 per point with Platinum Travel/Charge Card)
American Express India
Cashback (Amex SmartEarn, Amex Membership Rewards Gold)
1% – 10% equivalent benefit
SmartEarn gives milestone benefits and bonus rewards. Cashback is indirect, often via vouchers.
Milestone rewards + 10X points on Amazon, Flipkart, Uber etc. with SmartEarn Card
Bank & Program
Conversion Value
Notes
Highest Value
HDFC Bank
Cash Points
₹0.30 – ₹1.00 per point
Value depends on the card variant. Redemption via SmartBuy offers maximum value.
Flights or hotels via SmartBuy with Infinia or Diners Black (up to ₹1.00 per point)
HDFC Bank
Cashback (Millennia Card)
1% to 5% cashback
Cashback is credited automatically and varies by spending category.
5% cashback on Amazon, Flipkart & flight/hotel bookings via SmartBuy
HDFC Bank
Reward Points (Regalia, MoneyBack+ etc.)
₹0.20 – ₹0.50 per point
Cash redemption usually gives lower value; SmartBuy or vouchers offer better returns.
Flights via SmartBuy or select vouchers (up to ₹0.50 per point)
HDFC Bank
NeuCoins (Tata Neu HDFC Card)
₹1.00 per NeuCoin
1 NeuCoin = ₹1 when used on Tata Neu app for Tata brand purchases.
₹1.00 per NeuCoin on Tata Neu app (e.g., Croma, Air India, BigBasket, etc.)
ICICI Bank
PAYBACK Points (Coral, Rubyx, HPCL Coral, etc.)
₹0.25 per point
Points can be redeemed via the PAYBACK platform for vouchers, merchandise, or fuel.
Fuel redemption at HPCL pumps or PAYBACK vouchers (₹0.25 per point)
ICICI Bank
ICICI Rewards (Amazon Pay ICICI Credit Card)
₹1.00 per reward point
No expiry. Reward points are auto-credited as Amazon Pay balance.
Direct credit to Amazon Pay Wallet (₹1.00 per point)
ICICI Bank
Hand-picked Rewards (Emeralde, Sapphiro, etc.)
₹0.25 – ₹0.50 per point
Premium cards have their own rewards platform. Points can be used for travel, vouchers, and merchandise.
Travel or high-value voucher redemptions via ICICI’s Hand-picked Rewards (up to ₹0.50 per point)
SBI Card
Reward Points
₹0.25 – ₹0.50 per point
Value depends on the card and the redemption method. Travel and vouchers provide better value.
Flights, hotels, and e-vouchers via SBI Rewards platform (up to ₹0.50 per point)
SBI Card
Cashback (Cashback SBI Card)
1% – 5% cashback
Cashback auto-credited to the statement. 5% on online spends, 1% elsewhere.
5% cashback on online spending up to ₹10,000 per billing cycle
Axis Bank
EDGE Rewards
₹0.20 – ₹0.25 per point
Applicable to cards like Axis Vistara, Privilege, MyZone, etc. Better value on Axis Rewards store.
Merchandise and vouchers via EDGE Rewards (up to ₹0.25 per point)
Axis Bank
Cashback (ACE, Flipkart, Airtel Axis Cards)
1.5% – 5% cashback
Cashback is credited automatically. Rates vary by card and category.
5% cashback on bill payments, DTH, and recharges via Google Pay (ACE Card)
Axis Bank
Miles (Axis Atlas Card)
1 EDGE Mile = ₹0.50 – ₹1.00
Miles can be transferred to partner airlines or hotels. High redemption value in premium travel.
Transfer to airline partners like Air France/KLM Flying Blue (up to ₹1.00 per mile)
IndusInd Bank
Reward Points
₹0.20 – ₹1.00 per point
Conversion value varies by card and redemption type. Premium cards offer higher value.
Flight bookings or premium redemptions on IndusMoments (up to ₹1.00 per point on premium cards like Indulge)
IndusInd Bank
Cashback (Legend, Iconia Amex)
₹0.75 – ₹1.00 per point
Some cards allow reward points to be redeemed as cash credit, often at better-than-average value.
Cash credit against statement (up to ₹1.00 per point on select cards)
Bank of Baroda
Reward Points (BoB Credit Cards)
₹0.20 – ₹0.25 per point
Reward points applicable on cards like Eterna, Premier, and Select. Redemption options include vouchers and travel.
E-vouchers and travel bookings via BoB Rewards platform (up to ₹0.25 per point)
Bank of Baroda
Eterna Card Cashback
5% reward on online spends
Reward points can be converted to statement credit at ₹0.25 per point. Bonus points on milestones.
Milestone rewards + online spend on Eterna card (effective 5%+ returns)
YES Bank
Reward Points
₹0.10 – ₹0.25 per point
Value depends on the card type and redemption method. Better value on flight/hotel bookings or vouchers.
Flight bookings or gift vouchers via YES Rewards (up to ₹0.25 per point)
YES Bank
YES Private / Exclusive Cards
₹0.25 – ₹0.50 per point
Premium cards offer better reward value; limited redemption options at higher value.
Luxury spends or curated premium experiences via YES Xclusive platform (up to ₹0.50 per point)
IDFC FIRST Bank
Reward Points
₹0.25 per point
Flat value across most cards; redeemable against statement credit or merchandise.
Statement credit or gift vouchers (₹0.25 per point)
IDFC FIRST Bank
Reward Points (Wealth & Select Cards)
₹0.25 per point
Points never expire. High reward earning rates (up to 10X) make this valuable over time.
Statement credit or lifestyle vouchers (₹0.25 per point)
Standard Chartered Bank
Reward Points (Manhattan, Platinum, Ultimate Cards)
₹0.25 – ₹1.00 per point
Ultimate Card offers highest redemption value; others vary. Points can be redeemed for travel, vouchers, or merchandise.
Travel or premium redemptions on Ultimate Card (₹1.00 per point)
Standard Chartered Bank
Cashback (Smart Credit Card)
2% – 5% cashback
Cashback auto-credited; offers 5% on essential categories like fuel, groceries, and utilities with caps.
5% cashback on key categories (fuel, utility, groceries)
Kotak Mahindra Bank
Reward Points (Kotak Credit Cards like Royale, League, etc.)
₹0.1875 – ₹0.25 per point
Value varies slightly depending on the card and redemption type. Points can be redeemed for vouchers, merchandise, or air miles.
E-vouchers and travel bookings via Kotak Rewards (up to ₹0.25 per point)
Kotak Mahindra Bank
Cashback (811 #DreamDifferent Credit Card)
1% cashback on online spends
Cashback is auto-credited monthly with a cap of ₹500 per statement cycle.
1% cashback on online spends (max ₹500/month)
Kotak Mahindra Bank
Miles (Kotak White Reserve Card)
₹0.50 – ₹0.75 per White Mile
Premium card offers White Miles, redeemable for luxury travel and hotel bookings.
Flight/hotel bookings via Kotak White travel portal (up to ₹0.75 per White Mile)
Kiwi
Cashback
₹0.25 per Kiwi
Cashback through Kiwis can be sent to the Bank Account directly
Utilizing Scan & Pay payments for everyday purchases to maximize rewards.
HSBC Bank India
Reward Points (HSBC Cashback, Platinum, Smart Value Cards)
₹0.20 – ₹0.25 per point
Reward points can be redeemed for vouchers, merchandise, or air miles. Redemption value is fairly consistent.
Vouchers and flight bookings (up to ₹0.25 per point)
HSBC Bank India
Cashback (HSBC Cashback Credit Card)
1.5% – 10% cashback
10% cashback on dining, 1.5% on online spends, 1% on others. Cashback is auto-credited monthly.
10% cashback on dining with monthly cap
American Express India
Membership Rewards Points (MRP)
₹0.25 – ₹1.00 per point
Value depends on card type and redemption (statement credit, travel, vouchers, gold collection). Premium cards get higher value.
Statement credit or 18K Gold Collection (up to ₹1.00 per point with Platinum Travel/Charge Card)
American Express India
Cashback (Amex SmartEarn, Amex Membership Rewards Gold)
1% – 10% equivalent benefit
SmartEarn gives milestone benefits and bonus rewards. Cashback is indirect, often via vouchers.
Milestone rewards + 10X points on Amazon, Flipkart, Uber etc. with SmartEarn Card