Every transfer partner, one matrix
HDFC → KrisFlyer at 1:1. Axis EDGE → Marriott at 5:4. Amex MR → Avios at 1:1. The canonical reference for which bank points go to which airline / hotel program — and what each transfer is actually worth in rupees.
Airline partners
Best per-point values are typically in premium-cabin international awards.
Singapore KrisFlyer
Business class to Europe at 70K miles (vs ₹3-4L cash)
Air Vistara CV
Domestic Premium Economy at low CV cost — post AI merger ratio in flux
British Airways Avios
Short-haul Asia awards from 8-10K Avios — best per-mile value
No bank transfers indexed yet. Check back as we expand coverage.
United MileagePlus
Star Alliance access; LHR-LAX business class at ~70K miles
No bank transfers indexed yet. Check back as we expand coverage.
Etihad Guest
Premium-cabin to Europe via AUH; partner award sweet spots
Hotel partners
Lower per-point values than airlines, but more predictable redemption (off-peak Cat 4 properties).
Marriott Bonvoy
Cat 4 hotels at 25K points = ~₹15-25K cash room
World of Hyatt
Cat 4 properties at 12K points = ~$300+ rooms
No bank transfers indexed yet. Check back as we expand coverage.
Taj Epicure
Direct INR conversion at Taj properties — Amex Platinum exclusive
💡 Don't just look at the matrix — run YOUR spend through it
The matrix shows the ratios. The points calculator tells you what your specific spend pattern would actually earn at the best transfer partner — net of annual fee, with welcome bonus thrown in.
Open the points calculatorFAQ
›What is a transfer partner?
An airline or hotel program that accepts your bank's reward points at a fixed conversion ratio. The transfer multiplies the value of your points: 1 HDFC point is worth ~₹0.30 as cashback but ~₹4-6 when transferred to Singapore Airlines KrisFlyer for a premium-cabin award.
›How are ratios written?
X:Y means X bank points = Y partner points/miles. So '1:1' is one-to-one (HDFC → Singapore Air), '5:4' is five EDGE Miles = four KrisFlyer miles (Axis Magnus), '2:1' is two source points = one partner mile (HDFC Regalia → KrisFlyer at the older ratio).
›Which transfers actually have value?
Transfers to airline programs (KrisFlyer, Avios, MileagePlus) tend to yield 2-5 INR/point at sweet-spot redemptions. Hotel transfers (Marriott Bonvoy, Hyatt) yield ~0.8-1.2 INR/point. Transfers FROM hotels TO airlines (Marriott → United at 3:1) almost always lose value vs direct hotel use.
›Do transfers happen instantly?
Varies. HDFC → KrisFlyer is typically 24-48 hours. Axis EDGE → Marriott is 2-5 days. Amex MR → most partners is instant. Always confirm award availability BEFORE transferring — points are non-refundable once moved.
›How often do programs devalue?
Every 12-18 months on average. Major devaluations in the last 24 months: HDFC stripped Vistara CV transfers post AI merger; Marriott added peak-season pricing; Amex MR shuffled Taj rates. The strategy: burn points within 6-12 months of earning, don't hoard.