Credit Card Reward Points Value in Rupees
Last Updated : April 11, 2020, 5:30 p.m.
Almost every credit card has the option to earn reward points on making several transactions. In a year, if the individual uses the credit card regularly then he can earn thousands of reward points. But most of them think that the reward points are only credited in their accounts but they are of no use. But all the banks have a reward point redemption program that allows the individual to redeem all the reward points and save some extra money. Every reward point has a value in rupees and it may differ from bank to bank. So, you can have a look at the reward points value in rupees of the various leading banks that provides a credit card facility.
Value of 1 Reward Point in Rupees of All the Banks
There are some of the best banks in India that have a variety of credit card and every card earns you reward points. Therefore, you must go through the value of different types of reward points in terms of rupees.
| Bank’s Name | Reward Program | No. of Reward Point | Value |
|---|---|---|---|
| SBI Credit Card | SBI Rewardz | 1 Reward Point | INR 25 Paise |
| HDFC Infinia Credit Card | HDFC Infinia Reward Point | 1 Reward Point | INR 1 Rupee |
| HDFC Regalia Credit Card | HDFC Regalia Reward Point | 1 Reward Point | 0.5 AirMile or INR 0.20 cashback |
| RBL Bank | RBL Rewards | 1 Reward Point | INR 0.25 to 0.30 Rupees |
| Axis Bank Credit Card | EDGE REWARDS | 1 Reward Point | INR 0.20 Rupee |
| Standard Chartered Credit Card | Rewards Mastercard | 1 Reward Point | INR 0.25 Rupee |
HDFC Bank Credit Card Reward Point Value in Rupees
HDFC Credit Cards have exciting offers and discounts. You can even earn reward points through it. So, the value of one reward point in an HDFC credit card is 1 rupee and if you redeem it at HDFC All Miles, its value is 0.5 mile per point.
SBI Credit Card Reward Point Value in Rupees
In the SBI Credit Cards, the value of one reward point is 25 paisa and you can utilize the reward points in making payments of credit card bills and shopping for various products from the SBI Rewardz official website.
RBL Credit Card Reward Point Value in Rupees
The demand for RBL Credit Cards is increasing day by day because it allows you to earn thousands of reward points. The value of one reward point earned through the RBL credit card is 0.25 to 0.30 paisa. You can redeem all the points on the official website of RBL Rewards.
Axis Bank Credit Card Reward Point Value in Rupees
The reward points are the bonuses earned on the credit cards. One reward point value in rupees of the Axis Bank Credit Card is 20 paisa. If you are earning 1,000 reward points every month then you can make INR 2,400 a year.
Standard Chartered Credit Card Reward Point Value in Rupees
Each Standard Chartered credit card reward point holds a value of INR 0.25 in rupees, offering tangible benefits for every purchase. With every transaction, you’re not just spending; you’re earning valuable rewards that translate into real rupee savings.
Things to Know About Credit Card Reward Points
- Every Reward Point Credited into your Account has an Expiry Date.
- The Value of Reward Points in Rupees differs from bank to bank and card to card.
- You can even pay off your outstanding credit card bills using the reward points.
- Almost Every bank has an online shopping portal where you can redeem the earned reward points.
- Different Categories of transactions earn a different amount of reward points.
Take Away
Now, after exploring all the values of reward points in rupees of different banks, it would be easy for you to compute the value of your already earned reward points. You can compute the worth of your reward points in rupees and use it in paying the credit card bills. Utilize all your reward points on time before it expires. This article will help you to make the optimum use of your reward points and now you’ll try to earn more and more reward points.