Question: What Can We Do With HDFC Reward Points?

What is the value of HDFC reward points?

HDFC Bank Credit Card Reward Point Value in Rupees You can even earn reward points through it.

So, the value of one reward point in HDFC credit card is 30 paisa and if you are redeeming it at HDFC All Miles then its value increases to 50 paise..

What is HDFC 10x reward points?

HDFC 10X rewards is an accelerated rewards program that gets you 10X times more rewards than usual that you would get otherwise. The program has set of partners only through which you can get 10X rewards and not with every merchant.

Will 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 the value of 1 reward point?

What is the value of 1 Reward Point? 1 Reward Point is equivalent to INR 25 Paise. Thus, 1000 Reward Points get you free shopping worth Rs. 250.

How do credit card points work?

Points credit cards reward you for every dollar you spend. You may even get extra points for making certain types of purchases. For example, a credit card might offer 3 points per dollar on all travel purchases (hotels, airfare, etc.), while giving 1 point per dollar on other types of purchases.

Should I redeem my credit card points?

You should redeem credit card rewards as often as possible, whether they’re points, miles, or cash back. It is important to redeem often because credit card rewards can be devalued or expire, depending on the type of rewards they are.

Is it better to redeem points for cash or gift cards?

Generally, if you have a cash rewards or fixed value credit card, gift cards and statement credits will almost always be the best (and only) way to redeem your points. When you own a flexible rewards card, your points can be more valuable by transferring them out a loyalty program.

Can we convert HDFC 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.

How can I get HDFC reward points?

Log into to your NetBanking Portal/Account on HDFC Bank website. 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. Select the account number for which you want to redeem the points and Voila!

How are reward points calculated?

The simplest way to calculate the value of your credit card points is to divide the dollar value of the reward by the number of points required to redeem it. For example, if it takes 50,000 points to get a $650 airplane ticket, your points are worth about 1.3 cents each.

Can reward points be converted to cash?

You might be aware that reward points collected from your debit and credit cards can be converted to cash, but you never tried because you thought it might have a complicated process and because the banks never made it clear.

How does HDFC Cash back work?

HDFC Visa Value cash-back credit card, for instance, lets you avail cash-back only when your outstanding balance is Rs 10,000 or above. … Fee: Cash-back cards are not free. Issuers charge a joining fee between Rs 500 and Rs 2,000.

Is there any reward points for HDFC debit card?

Firstly there is – 5 Reward Points on every Rs 100 spent using HDFC Bank Rewards Debit Card. The merchant partners are: Big Bazaar, BPCL, IRCTC, Apollo, Snapdeal, SmartBuy and PayZapp. … Max Reward Points per Card per Month is Rs 2000.

Is it better to redeem points for cash?

Cash back, points and miles are a great way to save money with your rewards card, but if you don’t think twice before redeeming them, you could be leaving cash on the table. Your rewards are worth a certain amount of money.

What can I do with HDFC reward points?

Claiming reward points is easy with HDFC Bank. Once customers have accumulated 500 points they can redeem it for products, gift vouchers and discounts.

How does HDFC cash redemption work?

redemption value has to be Rs. 500 and Rs….How to redeem?Login to HDFC Netbanking.Goto Cards -> Enquire -> Redeem reward Points -> choose card & proceed.You’re now on the newly revamped Redemption Portal.Goto Redeem Reward Points -> Cash Redemption.Enter details and proceed.Expect cash credit in ~7 working days.

What is 5x reward points in HDFC?

This offer entitles every eligible user 5X reward points on SpiceJet using HDFC Bank Retail Credit Cards and 5% Cashback on using HDFC Bank Retail Debit Cards. Customers are eligible for a maximum of 15000 Reward Points (per customer, per month) and maximum cashback of Rs. 1500 (per customer, per month).

What is HDFC SmartBuy?

SmartBuy is a HDFC Bank’s customer engagement initiative to create an exclusive portal that offers wide range of digital and physical products offering from merchants across travel, entertainment, bill payments, electronics, fashion, books and more categories.

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.

How can I spend my reward 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…•

What is HDFC Bank smart buy?

SmartBuy is a platform only for display of offers extended by Merchants to HDFC Bank’s Customers, and HDFC Bank is not selling/rendering any of these Products/Services. … If the Customer proceeds from here, any purchase of a Product/Service will only be through the HDFC Bank’s credit/debit cards/net banking facility.