January 30, 2023

Bank cards that convert reward factors into air miles or resort vouchers carry down our journey prices

November 30, 2022 / 08:53 AM IST

Are you planning a year-end vacation? Then you’ll be able to contemplate making use of for a bank card providing journey advantages. There are some reward bank cards, whereby you’ll be able to avail journey advantages by changing the earned reward factors into air miles or in opposition to resort or flight bookings. So, if you’re not solely on the lookout for a travel-focused card however wish to avail such advantages by factors conversion a number of instances a 12 months, these reward playing cards can be useful for you. Paisabazaar has compiled an inventory of the most effective bank cards that provide vital reward level conversion in opposition to air miles.

YES FIRST Exclusive Credit Card_final

Picture Supply: Sure Financial institution | YES FIRST Most well-liked Credit score Card affords conversion of reward factors into air miles at a price of 10 reward factors equal to 1 InterMile or Membership Vistara level. You’ll be able to redeem reward factors in opposition to flight or resort reserving via YesRewardz. It affords complimentary precedence go membership to the first cardholder. Throughout the quarter, you get two home lounge entry. You’ll be able to earn 16 reward factors on each Rs 200 spent on journey and eating and eight reward factors on each Rs 200 spent on all different classes. The annual charge is Rs 999 on this bank card.

HDFC Bank Diners card

Picture Supply: HDFC Financial institution | HDFC Diners Membership Privilege Credit score Card affords conversion of reward factors into air miles at a price of 1 reward level equal to 0.50 air mile. You’ll be able to redeem reward factors in opposition to flights or resort bookings via SmartBuy. Throughout the 12 months, you get 12 visits to airport lounge entry internationally. The cardboard fees a overseas change mark-up charge of two %. You’ll be able to earn 4 reward factors on each Rs 150 spent on retail spending and as much as 10X reward factors on spending through SmartBuy. The annual charge is Rs 2,500 on this bank card.

Citi-premiermiles_e

Picture Supply: Citibank | Utilizing Citi Premier Miles Credit score Card, you get to earn 10 miles per Rs 100 spent on airline transactions and 4 miles per Rs 100 spent on all different classes. You get 10,000 miles on spending Rs 1,000 inside 60 days of card issuance as a welcome profit and you’ll earn 3,000 miles on card renewal yearly. The accrued air miles by no means expire. You’ll be able to redeem earned miles throughout numerous airways, together with Air India, Etihad Airways, InterMiles, and so on. Throughout the 12 months, you get entry to pick out airport lounges at home and worldwide terminals. The annual charge is Rs 3,000 on this card.

Image Source: American Express | American Express Membership Rewards Credit Card allows transferring of reward points into air miles of select airlines or loyalty points of select hotels. A card user can redeem reward points against vouchers of top brands like Taj Hotels, Myntra, Big Basket and more. You earn 5,000 membership reward points on the payment of the first year annual membership fee. The annual fee is Rs 4,500 on this card. The annual fee is waived on spending Rs 1.50 lakh or above in the previous year of card membership.

Picture Supply: American Specific | American Specific Membership Rewards Credit score Card permits transferring of reward factors into air miles of choose airways or loyalty factors of choose accommodations. A card consumer can redeem reward factors in opposition to vouchers of high manufacturers like Taj Accommodations, Myntra, Massive Basket and extra. You earn 5,000 membership reward factors on the fee of the primary 12 months annual membership charge. The annual charge is Rs 4,500 on this card. The annual charge is waived on spending Rs 1.50 lakh or above within the earlier 12 months of card membership.

SBI_Air India_e

Picture Supply: SBI Card | Air India SBI Signature Credit score Card affords as much as 30 reward factors for each Rs 100 spent on Air India tickets booked via Air India portals and app, complimentary membership of the Air India Frequent Flyer programme-Flying Returns, and entry to over 600 airport lounges with complimentary Precedence Move Programme. You’ll be able to convert your reward factors into Air India miles at a price of 1 reward level equal to 1 Air India mile. The cardholder will get eight complimentary visits per 12 months to home visa lounges in India. The annual charge is Rs 4,999 on this card.

Use your credit cards smartly and responsibly. Have a disciplined approach to your credit behaviour. Since credit cards offer a significant interest-free period, there may be a tendency to overspend while travelling with family on vacations. If you spend more than you can repay and cannot pay your credit card bill timely, you will incur hefty interest charges ranging from 28-49 percent p.a., along with late payment fees.

Use your bank cards neatly and responsibly. Have a disciplined strategy to your credit score behaviour. Since bank cards provide a major interest-free interval, there could also be an inclination to overspend whereas travelling with household on holidays. Should you spend greater than you’ll be able to repay and can’t pay your bank card invoice well timed, you’ll incur hefty curiosity fees starting from 28-49 % p.a., together with late fee charges.

To shortlist the best credit cards with a feature of airmiles conversion, Paisabazaar compared all the credit cards available within the segment. They selected all the cards based on the travel benefits offered by each credit card, along with other benefits. All credit card information is sourced and updated as of November 17, 2022. We arranged these credit cards according to the least annual fees.

To shortlist the most effective bank cards with a characteristic of airmiles conversion, Paisabazaar in contrast all of the bank cards obtainable throughout the phase. They chose all of the playing cards primarily based on the journey advantages supplied by every bank card, together with different advantages. All bank card data is sourced and up to date as of November 17, 2022. We organized these bank cards in response to the least annual charges.

Hiral Thanawala is a private finance journalist with 9 years of reporting expertise. Based mostly in Mumbai, he covers monetary planning, banking and fintech segments from private finance group for Moneycontrol.

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