Question: What Is The Value Of 1 Reward Point In HDFC Credit Card?

Does HDFC reward points expire?

In case of HDFC Bank, as per the existing details on its website as on 18 February, the reward points have a validity of two years from the date of accrual.

So if 100 reward points accrue at the end of February 2019, these 100 reward points will be valid till February 2021..

What is 10x reward points HDFC?

Types of 10X Rewards They are multiple ways to earn 10X rewards. Initially they started this program for Diners Cards and then extended to other cards with the launch of HDFC smartbuy (a dedicated rewards portal from HDFC) which expands the 10X coverage to many cards.

How much is 50000 points worth?

There are two best ways to redeem 50,000 Ultimate Rewards® points: Redeem them through the Ultimate Rewards® portal at 1.5 cents each for a total value of $750.

How much is a point worth credit card?

Credit card points are usually worth about one cent each. But it can vary, depending on both the credit card company and what you spend the points on.

What can you do with credit card points?

Here are some ways to redeem your credit card reward points for shopping online.Shop online. … Get cash back. … Redeem your reward points for gift cards. … Get discounts on airfare and hotels. … Donate your credit cards rewards to charity. … Pay off your balance. … Narrow your spending. … Watch for bonus offers.More items…•

Can we convert HDFC credit card reward points to cash?

Yes, you can convert your HDFC Bank credit card reward points to cash, but it is not available on all cards. … The amount will be added to your credit card account, which can be used to pay the outstanding principal. You must also remember that for each redemption, the bank charges a fee of Rs. 99.

Can reward points be converted to cash?

Few credit card providers allow their cardholders to convert their reward points into cash. Depending on the type of card you hold, you can use your reward points to pay your annual fee. Cardholders can use their reward points to make flight or hotel bookings.

What is the value of HDFC reward points?

Value of 1 Reward Point in Rupees of All the BanksBank’s NameReward Point NameValue in RupeesHDFC Bank Credit CardReward PointsINR 0.30HDFC Bank Credit CardAll MilesINR 0.50ICICI Bank Credit CardPAYBACK PointsINR 0.25RBL Bank Credit CardReward PointsINR 0.255 more rows

What is the value of 1 reward points?

One reward point does not equal one rupee. In fact, it is much less than that in most cases (20-30 paise). “The value can vary from issuer to issuer. It can be as low as 10 paise per point and as high as Re 1 per point,” says Anil Ramachandran, head, credit cards, IndusInd Bank.

Should I redeem my cash rewards?

You should redeem cash back as soon as you can because it continually loses value due to inflation. Even though your cash back won’t lose much of its value year to year, it doesn’t make sense to hold on to it. Maximize its value by redeeming it immediately.

Can I redeem HDFC credit card points on Amazon?

Visit Amazon tab/icon via HDFC Bank SmartBuy portal / mobile site, shop as usual and pay with your HDFC Bank Debit Card or Credit Card. … The eligible cashback for debit card transactions will be posted as cashback points. Visit Netbanking to redeem these on card account.

What is the value of HDFC Regalia reward points?

The card also earns 4 points per Rs. 150 on general spending. The redemption rate for the rewards is 1 point = Rs. 0.30.

Does HDFC debit card have reward points?

Your HDFC Bank Rewards Debit Card entitles you to: A single card that provides benefits / savings across categories like Grocery, Fuel, Pharmacy, Railways and Online. 5% savings on your everyday spends on partner merchants. Enjoy up to 2000* Reward points per month Click here to Know More.

What can I buy with HDFC reward points?

Reward points are awarded for expenses on the HDFC Bank credit card. Once a customer has accumulated at least 500 reward points, they can redeem it from a number of options ranging across products, gift vouchers, discounts and air miles.

How do you get the reward points?

A reward point is a perk offered by banks to credit cardholders as a reward for every time they spend on their credit card. You can collect these points as you spend on your credit card. Once you have collected enough points, you can redeem them for gift vouchers, merchandise, air miles and more.

Does credit card points expire?

Credit card points never expire Unlike many airline miles and hotel points, credit card points don’t expire as long as you keep your account open and in good standing (meaning you continue to pay off your balances or communicate with the bank if you need any financial assistance).

How can I use HDFC credit card reward points?

How to redeem Reward Points?Log into to your NetBanking Portal/Account on HDFC Bank website.Once logged-in, click the ‘Cards’Then click on the ‘Enquire’ tab in the Debit Card section.Once you are taken to the next page, click on the ‘Cashback Enquiry and Redemption’ tab.More items…