One of the not-so-great ways to redeem HDFC Bank Credit Card Points is to redeem them for catalog vouchers, as this provides poor value, often about 50% lower compared to travel redemptions.
However, it helps those who do not travel and prefer to use the vouchers for shopping. Given that HDFC also offers “Amazon Pay” vouchers, it makes sense.
For such cardholders, HDFC Bank occasionally runs short-term offers to get much better value for the points, and one such offer is live at the moment. Here are the offer details:
- Offer: Redeem points for vouchers at 1:0.70 INR for vouchers
- Offer Period: 31st July to 2nd Aug 2024
- Applicable only on HDFC Infinia & Diners Club Black Credit Cards.
- Source
To redeem, login to smart-buy, choose the card variant under “Privileges”, login and then visit the rewards section, choose rewards catalog, then use the filter to choose the brand, as below.
We’ve previously seen the offer in 2021 (twice), 2022 (once) but not in 2023 if I remember it right and now it has come back again in 2024.
While it used to be a good option for some in the past, it’s no longer worth doing if you’re a traveller, because of the newly added ability to transfer points to Airmiles with bonus offers.
For example, we recently saw an Accor points transfer offer with 75% bonus that gave ~1.5 INR per point, so opting for vouchers is like letting go of half the value.
Hence, it’s more of a personal choice whether one wants to get 3.3% value back or more with travel, or just settle with 2.3% with this ongoing offer for instant redemptions.
Thanks Sid.
Just redeemed Amazon pay vouchers at 1 point = 0.7 Rs.
Hi sid,
Thanks alot for the update on the points value.
I was having so many points with hdfc infinia, that i redeemed 300000 points for amazon voucher worth 210000.
I missed this. However I noticed last only that we can buy Amazon pay vouchers on smartbuy portal for 20k, so can get 5x points and then pay insurance premium with that as we don’t get any points for insurance premium now, however my happiness dint last much as in August they reduced that monthly limit from 20k to 10k…. So hdfc is devaluing everything, which is not good… Infinia is not good now, they are not giving points on many transactions now.
@Shiv
who said you dont get points for Insurance. I paid 64k premium for universal Sampoo on 05/08 and got 3.3% points for DCB. If u say Infinia is useless then think about DCB 🙂 I am trying hard for an upgrade to Infinia but bank has been denying from past 2 years. Will try again. DCB is now useless. I used to but 20k voucher and meet my 5 lakh spend criteria to make my card free from fee. Now to achieve that would be difficult.
I missed it 🙁 Any ways will use points for Flying to asian countries from from November.
I missed as I did not get email alert even though I have signed up for same. Hope I get alert next time.
Email alert service is broken for sometime. Will be fixing it soon and will make sure regular new article emails (long pending) are sent on time going forward along with key alerts like this offer.
There are some people who offer to buy Infinia points at a ratio of 1:0.80 (pay 80 paisa per point). Most of these offer are available online.
Are these any good ? Or best avoided ?
Better to avoid. You can get much better value when you transfer to Accor during offer period.
Hi Siddharth and others.
Going by the past trends and other things, what will be the probable date by which iPhone 16 will be listed under rewards catalogue of HDFC Smartbuy? It is now available under shop & earn section for pre-order. But I am curious to know its availability under Rewards section for burning rewards points