Complete Credit Card Reward Redemption Guide (Where & How to Redeem for Most Banks) - For Beginners

[hellowo₹ld]

Nice work HW

Such a pity that most of the banks enforce both redemption fees and points validity expiry. 😥

In an ideal world (wink wink RBI), you should have neither, but in a worst case scenario, keep the expiry but remove the redemption fees, especially for instant vouchers

True and some banks force us to checkout multiple times (not allow stacking multiple vouchers etc.) which charges redemption fee each time. (ex: AU)

 

[soccer]

True and some banks force us to checkout multiple times (not allow stacking multiple vouchers etc.) which charges redemption fee each time. (ex: AU)

So if one wanted to, say, redeem 1500 worth vouchers, but the only denomination is 500, you'd need to pay 118*3 as redemption fees? 😲

If yes, this is an absolute chor b a n k.

 

[hellowo₹ld]

So if one wanted to, say, redeem 1500 worth vouchers, but the only denomination is 500, you'd need to pay 118*3 as redemption fees? 😲

Yes, u can't checkout with 3 items in cart and have to pay 118*3.

 

[KLB@96]

YES Credit Cards

- https://www.technofino.in/community/threads/yes-marquee-vs-yes-reserv-3x-vs-yes-reserv-5x.24652/

Minimum reward points: INR 500 worth of reward points
Redemption Fee: INR 118
Reward Points Expiry: 2 Years (Reserv/Marquee: 3 Years)

• Visit and Login: https://credit.yesrewardz.com/
• Redeem Points
  • EGV: E-Gift Vouchers
  • Catalogue: Shopping items on MRP
  • Bookings: To book Flight/Hotel/Golf
  • Other:
    • Share Reward Points: To share your reward points to other YES credit card
    • Adani Reward Conversion: To convert Adani points (to use in Adani app)
  • Bill Pay:
    • BBPS: To pay utility bills
    • CC Bill Pay: To convert 'reward points' to 'statement credit' (because Cash is King)

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Hi, I have 80k points in yes marquee, do you suggest to transfer those to adani one for flight bookings ? I want to book international flight. Is it good reward conversion ?

 

[2025]

Good work buddy.

Rather than thread marking I would have preferred individual thread and one master thread connecting all threads.

But, acknowledging the level of information u provide in each of ur past threads I would rather wait and see the finished thread after it is fully completed. Thanks.

 

[S U D O]

Good work buddy.

Rather than thread marking I would have preferred individual thread and one master thread connecting all threads.

But, acknowledging the level of information u provide in each of ur past threads I would rather wait and see the finished thread after it is fully completed. Thanks.

Yeah, But this is better
No hassle navigate back and forth to-fro other threads, just use "Threadmarks" button and filter out the bank you want

 

[hellowo₹ld]

Hi, I have 80k points in yes marquee, do you suggest to transfer those to adani one for flight bookings ? I want to book international flight. Is it good reward conversion ?

no, that is not good option.

Adani gives 1 RP = 0.10p (this is also same for statment credit, bill pay etc.), so I suggest avoid.

Best option book directly using YES protal, 1 RP = 0.25p.

 

[hellowo₹ld]

Good work buddy.

Rather than thread marking I would have preferred individual thread and one master thread connecting all threads.

But, acknowledging the level of information u provide in each of ur past threads I would rather wait and see the finished thread after it is fully completed. Thanks.

Yeah, But this is better
No hassle navigate back and forth to-fro other threads, just use "Threadmarks" button and filter out the bank you want

For now, I'll use threadmarks ( 🙂 I just want to utilize that option ), if needed will make different threads (based on length of each comment).

Do check and let me know - any changes in existing format, or need some other information to be included in these posts.

 

[KLB@96]

no, that is not good option.

Adani gives 1 RP = 0.10p (this is also same for statment credit, bill pay etc.), so I suggest avoid.

Best option book directly using YES protal, 1 RP = 0.25p.

got it. was planning for vietnam trip , vietjet has cheapest fares and Im unable to book that via yes rewardz. only indigo is available. 🙁

 

[samss]

Very useful post

 

[2025]

Very useful post

Yes. Sometimes, valuable threads like this do not get the necessary attention. I think Admin is working on this to create a separate latest thread/ post option. Men vs Boys. @sidp @Mr. Bean @TechnoFino

 

[Mr. BeanMr. Bean is verified member.]

Yes. Sometimes, valuable threads like this do not get the necessary attention. I think Admin is working on this to create a separate latest thread/ post option. Men vs Boys. @sidp @Mr. Bean @TechnoFino

It's been moved to Informative Threads to get more attention. Thanks for notifying us @2025 . And great work on this thread (and many other threads) @helloworld .

 

[Dreamer]

Very informative posts.

My preference:
Similar to some old best card to pick posts, I would have been happy with a table and bank, redemption fees, website, options as columns.

Cleaner and easy to read that way.

 

[AlooDum]

ICICI & Axis reward points have a validity of 3 Years. Please update

 

[2025]

AXIS Bank Credit Card Reward Redemption Guide

🥸 Reward Points Expiry: 2 Years

ICICI & Axis reward points have a validity of 2 Years. Please update

Axis edge reward points expiry 3 years.
I have some edge reward points available for redemption that are acquired more than 2 years back.

Ref: https://application.axisbank.co.in/webforms/axis-support/sub-issues/edgeloyalty-trackpoints-2.aspx

 

[hellowo₹ld]

Very informative posts.

My preference:
Similar to some old best card to pick posts, I would have been happy with a table and bank, redemption fees, website, options as columns.

Cleaner and easy to read that way.

will check that, yeah I need cleaner way whichever possible.

 

[hellowo₹ld]

ICICI & Axis reward points have a validity of 2 Years. Please update

its 2 yrs only mentioned, let me know if any issues with display of text in those bank posts.

update: updated to 3yrs.

 

[AlooDum]

its 2 yrs only mentioned, let me know if any issues with display of text in those bank posts.

update: updated to 3yrs.

my bad it was typo error, yes 3 years only

 

[cardy]

💡 Use ‘Threadmarks’ to directly jump to your required bank’s reward redemption process. Each post covers a specific bank with step-by-step instructions, direct links, and screenshots for clarity.

Maximize Your Rewards & Get the Most Value from Your Credit Cards!

• The Ultimate Credit Card Guide – One-Stop Solution for All Your Queries with RR Analysis!

Credit card reward programs offer various redemption options; cashback, travel, e-vouchers, and even bill payments. However, navigating these options can sometimes be confusing. This guide will help you understand and redeem your points efficiently across different banks.

📌Let’s make sure those hard-earned points don’t go to waste! Check out the posts below for your bank's reward redemption process.

What this guide covers:​

✅ Where to find and redeem your credit card reward points.
✅ All available redemption options for each bank (cashback, vouchers, flights, transfers, etc.).
✅ Tips and suggestions to maximize your reward points.

What this guide does not cover:​

❌ The best redemption choice (this depends on individual needs).
❌ The value of reward points (as it varies across different cards).
❌ Preferred redemptions (since the "best" option is subjective).

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💬 Have you redeemed your credit card reward points recently? Share your experience; was the process smooth or confusing?

• Is Your Credit Card Worth the Fee? A Guide to Evaluating Net Rewards

💡 Which redemption option do you prefer the most? Are you a fan of cashback, travel redemptions, or gift vouchers?

• Credit Card Redemptions: Rewards or Cashback? Let's Talk About Your Preferences!

🚀 Any pro tips for maximizing reward redemptions? Drop your suggestions!

🤔 Found any hidden tricks or lesser-known benefits? Let us know in the comments!

---

Feel free to provide suggestions or any additional information needed or included in these posts. Thanks!

Valuable addition !

 

[hellowo₹ld]

Very informative posts.

My preference:
Similar to some old best card to pick posts, I would have been happy with a table and bank, redemption fees, website, options as columns.

Cleaner and easy to read that way.

Does this looks good (draft)?

Bank	Minimum Points	Redemption Fee	Points Expiry	Website	Redemption Options
AXIS	INR 500 worth	INR 118	3 Years (365 days inactivity)	Axis Rewards	E-Vouchers, POS Checkout, EDGE Rewards, EDGE Miles
BOB	500	0	2 Years (Eterna: No Expiry)	BOB Rewards	Statement Credit Only
AMEX	500	0	No Expiry	AMEX Rewards	Statement Credit, Pay with Points, Vouchers, Travel, Transfer Points
HDFC (Premium)	INR 500 worth	INR 118	2 Years (365 days inactivity)	HDFC Rewards	Vouchers, Travel, Luxury Brands, Apple Products, Statement Credit, Miles Transfer
HDFC (Other)	INR 500 worth	INR 118	2 Years (365 days inactivity)	HDFC Bank	Same as above
Standard Chartered	INR 1000 worth	INR 118	2 Years (Ultimate: 3 Years)	SC Rewards	Electronics, Lifestyle, E-Gift Vouchers, Travel
ICICI	INR 500 worth	INR 118	3 Years	ICICI Rewards	Shopping, Travel, Vouchers, Loyalty Program Transfer
Federal Bank	INR 250 worth	INR 118	2 Years	Federal Rewards	Shopping, Vouchers, Flights, Hotels, Bill Pay, Bus, AirMiles, Statement Credit
AU Bank	INR 500 worth	INR 118	2 Years	AU Rewards	Merchandise, Booking, Recharge, Golf, E-Gift Vouchers
IDFC	INR 500 worth	INR 118	No Expiry	IDFC Rewards	Vouchers, Travel, Recharge, Store, Movies, Checkout
YES Bank	INR 500 worth	INR 118	2 Years (Reserv/Marquee: 3 Years)	YES Rewards	Vouchers, Bookings, Bill Pay, Points Transfer
IndusInd	INR 100 worth	INR 118	No Expiry	Indus Moments	Products, Travel, Luxe Vouchers, Charity, Hotel Vouchers, Statement Credit