Why are reward points confusing?

Banks intentionally obfuscate point values (e.g., 'Earn 10X points') to hide the true cashback rate. 10 points might only be worth Rs. 2.

How do I calculate the true cashback rate?

Divide the INR value of the points earned by the total amount spent, then multiply by 100. EQUIS does this automatically for you.

What is a 'spend multiplier'?

Certain cards offer multipliers (like 5X or 10X) on specific categories like travel or dining. Our translator factors this in to show the boosted INR value.

Reward Point Translator

Convert credit card reward points to real cash value. Calculate exact monetary returns for flights, hotel redemptions, and statement credit.

＋Equis / Point Translation

FORM RT · REV. 02 · MMXXVI

Select Program

Or select a specific card to auto-fill max point valueexpand_more

Value per Point (₹)

Real fiat value (e.g., 0.25)

₹

Points Balance

Pts

FIAT VALUE

Liquidation Value Receipt

Points to Liquidate10,000 pts

Fiat Equivalent (Rate: ₹0.25)₹2,500

Total Fiat Value₹2,500

infoYe aapke points ki maximum asal value hai. Apne points ko kisi bhi aisi cheez ke liye redeem na karein jiski value ₹2,500 se kam ho.

YIELD ANALYSIS

SYSTEM RECOMMENDATION

Reward Devaluation Warning

Your accrued points yield a terminal value of merely ₹2,500. Liquidate complex reward structures and pivot to straight-line 5% direct-to-bank cashback assets.

arrow_upwardProjected Yield: ₹2,500

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Methodology: Calculating the Fiat Value of Reward Points

Banks often market cards with high reward multipliers like "10x points on dining." However, the true value lies in the redemption ratio. Our calculator converts your points into fiat (Rupee) value so you know exactly what your points are worth in the real world.

Redemption Category	Average Value Per Point	Equis Recommendation
Airlines / Hotel Airmiles	₹0.50 to ₹1.00+	Highest yield. Best for premium and travel-focused cards.
Statement Credit (Cashback)	₹0.20 to ₹0.30	Safe but low yield. Good for entry-level cards.
Product Catalog / Vouchers	₹0.15 to ₹0.25	Worst yield. Avoid redeeming points for catalog products.

Frequently Asked Questions

How is the actual value of a credit card reward point calculated?expand_more

The value of a reward point depends on the redemption option you choose. For example, if 10,000 points can buy a flight ticket worth ₹5,000, then the value of 1 point is ₹0.50. Equis uses the maximum available redemption ratio for your specific card to calculate its true fiat value.

Do banks charge a fee for redeeming reward points in India?expand_more

Yes. Most major Indian banks (like HDFC, SBI, and Axis) charge a "Reward Redemption Fee" which is usually ₹99 plus 18% GST (total ₹117) every time you redeem points. You should subtract this fee from your total fiat value to find your actual net profit.

What is credit card reward point devaluation?expand_more

Devaluation happens when a bank reduces the value of a point without notice. For instance, if a flight ticket that used to cost 10,000 points now costs 15,000 points, the fiat value of your points has been covertly devalued. Always liquidate points frequently to avoid devaluation traps.

Points10,000

Fiat Value₹2,500

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