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

[2025]

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

Ya, add something like this as summary in the initial thread. Thanks.

 

[Dreamer]

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

Yes. Superb. Thanks a lot

 

[hender]

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

It's not good 👍 It's BEST.
A ready reference ☝️

 

[helloworld]

update:

- Added table in #1 post for quick glance (for process related refer respective bank threadmark)
- Removed 'Points Transfer' option from some banks due to unavailability on Vistara and no/waiting for update on AirIndia till new Apr 1st

Few Points:

- Reward points never expiry doesn't mean those banks are good and reward points expiry doesn't means those banks are bad. Its worth to spend and redeem on those banks rather keep them lifelong on not useful banks (decision upto you).
- Some bank allow redemption even for 10Rs. but charge you 118rs, so as long as you find voucher at min. rate, can redeem but do mind the redemption fee.

Travel = Booking flight/hotel/bus tickets online at revenue rate without transferring to those partners.
Points Transfer = Tranfer to those partners and redeem there instead of booking at revenue rate.