Core Insights - Axis Bank offers credit cardholders the ability to transfer reward points to 20 partners, including 6 hotel chains and 14 airlines, facilitating vacation bookings [3][20] - The transfer ratios for converting credit card reward points vary by card type, with specific ratios outlined for different Axis Bank credit cards [5][6] - Transfer partners are categorized into two groups, with specific limits on the number of points that can be transferred annually [9][10] Transfer Partners - Axis Bank has established partnerships with 20 transfer partners, which include major hotel and airline programs [3][4] - Hotel partners include Accor Live Limitless, IHG One Rewards, Club ITC, Marriott Bonvoy, The Postcard Hotel, and Wyndham Rewards [7] - Airline partners include Air Canada Aeroplan, Air France Flying Blue, Air India Maharaja Club, AirAsia Rewards, and several others [7] Transfer Ratios - The transfer ratios for converting reward points vary by credit card type, with the following key ratios: - Burgundy Private and Magnus for Burgundy: 5:4 - Reserve and Magnus: 5:2 - Horizon: 1:1 - Atlas: 1:2 (Marriott Bonvoy 2:1) - Olympus: 1:4 [6][8] - Other eligible cards have different transfer ratios, with some partners requiring a 10:1 or 20:1 ratio for point transfers [8] Categorization and Limits - Transfer partners are divided into Group A and Group B, with specific caps on the number of points that can be transferred annually [9][10] - For example, holders of the Axis Bank Magnus Credit Card can transfer a total of 500,000 EDGE REWARD Points per year, with a maximum of 100,000 points to Group A partners and 400,000 points to Group B partners [11] Value of Reward Points - The Accor Live Limitless program allows points to be converted at a specified ratio, providing value for hotel stays, with each point valued at approximately Rs. 2 [12][13] - The Club ITC program similarly allows for point conversion, with each Green Point valued at Rs. 1, applicable for stays at ITC Hotels [16][17]

Credit card reward points can be very versatile and put to various uses. They can be redeemed for statement credit, to pay for online transactions, purchase gift vouchers, direct redemption on the bank portal, purchase merchandise, transfer to airline/hotel loyalty partners, donation, etc. In this article, we will explore how HDFC Bank credit cardholders can redeem their reward points for travel.Travel redemption on SmartBuyHDFC Bank SmartBuy is a platform for the communication of various offers from mercha ...