Master thread - Credit card Reward redemption fees/charges for all cards

[the_collector]

Many times we accumulate rewards on our cards and go ahead and redeem only to realise that there is a charge for redemption.

Hence I thought of creating a thread that lists out the reward redemption charges for all banks / cards.


This is a wiki post. Please feel free to edit/ comment for any changes / suggestions.


ICICI cards - Rs. 99 + get
AU bank - Rs. 99+gst
Idfc - Rs.99+gst
HDFC - Rs. 99 + gst ( Rs.50+gst for
statement CB)

RBL - Rs. 99 + gst
SBI - Rs. 99 + gst
Standard chartered - Rs. 99 + gst
BOB cards - NIL
Amex - NIL
Federal - NIL
Hsbc - NIL
Axis - NIL
Kotak - NIL
Yes bank - NIL
Onecard - NIL
PNB - NIL
Indusind- ?

 

[Arkapal Sen]

indusind might be 100+gst bcuz in there lft platinum rupay cc..redemption has 100+gst

 

[varun__goel_]

Many times we accumulate rewards on our cards and go ahead and redeem only to realise that there is a charge for redemption.

Hence I thought of creating a thread that lists out the reward redemption charges for all banks / cards.


This is a wiki post. Please feel free to edit/ comment for any changes / suggestions.


ICICI cards - Rs. 99 + get
AU bank - Rs. 99+gst
Idfc - Rs.99+gst
HDFC - Rs. 99 + gst ( not for statement CB)
RBL - Rs. 99 + gst
SBI - Rs. 99 + gst
Standard chartered - Rs. 99 + gst
BOB cards - NIL
Amex - NIL
Federal - NIL
Hsbc - NIL
Axis - NIL
Kotak - NIL
Yes bank - NIL
Onecard - NIL
PNB - NIL
Indusind- ?

HDFC statement credit charges - Rs 50+gst

 

[Arnal07]

sbi simplyclick charges 99+gst for redemption?

 

[Arkapal Sen]

sbi simplyclick charges 99+gst redemption?

yes it does

 

[Syed Habeeb]

IndusInd if redeemed using Pay with rewards there is no redemption fee else 100+GST

 

[vine]

Can we also list rewards expiry in the same way (from the date of credit)
Some like Yes Bank and Amex don't expire.
Many banks ,like HDFC, are valid for a year, I think?

 

[S.B.N.B]

Yes bank cc charge 100+gst on anything redeem and only 50% of points can be redeem

 

[SpiesCan'tCatchMe]

yes it does

I have never been charged any fees on simplyclick
I've redeemed coupons multiple times

 

[Arnal07]

I have never been charged any fees on simplyclick
I've redeemed coupons multiple times

yes, it also shows 0 redemption charge for simplyclick.

 

[Farhad sekh]

I have never been charged any fees on simplyclick
I've redeemed coupons multiple times

It is applicable only on statement cash redemption

 

[SpiesCan'tCatchMe]

It is applicable only on statement cash redemption

I can't seem to find the option for cash redemption for simply click

 

[VikasBhindwar]

Yes bank cc charge 100+gst on anything redeem and only 50% of points can be redeem

Do it get charged for Flight also? I am using Yes Reserv, planning to book tickets through points.

 

[Farhad sekh]

I can't seem to find the option for cash redemption for simply click

You have to call customer care

 

[Farhad sekh]

Can I redeem ICICI RP into statement cash ??