HDFC TIMES Platinum Credit Card Rewards Points Redemption - Best Value

The PostMighty

Sharing my experience with the redemption of rewards points on the HDFC TIMES Platinum Credit Card.

The validity of these rewards points is 2 years (compared to 3 years for Infinia/DCB). Unfortunately, you cannot redeem them directly for Hotel/Flight bookings on SmartBuy like you can for Infinia/DCB.

I had nearly 24000  Rewards Points expiring in 60 days.
To redeem, you login to NetBanking > Cards > Enquire > Redeem Reward Points > Select your Credit Card > Continue. It will open a new window.

You have options to redeem for -
1. Cash - 1RP = 15p

2. Product Catalog - 1RP = 15p-25p depending on the item you choose, typically. The catalog is quite big and you may possibly find a higher value on some products.

3. Insta Vouchers 1RP =
a) 28p for Pizza Hut
b) 25p for PVR
c) 22.7p for BookMyShow
d) 20.8p for Uber (No OLA), Dominos
e) 17.8p for Myntra, Zomato, Swiggy
f) 15p for Amazon Pay/Flipkart/Croma vouchers. Yes, the value is same as cash redemption making this a useless option
There are many more vouchers but I listed the most popular ones in my opinion.

4. InterMiles
1RP = 0.2 Miles. Since each mile is at best 30p, 1RP = 6p effectively making it one of the worst options

There is a Rs 99 redemption fee as well. So, redeem as many points at one go to minimize the effect of that redemption fee.

We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Benevolent Benevolent
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How did u get this card? Paid or LTF? U have only 1 card from hdfc or more?

Customer care says this card is discontinued. My RM is ready to give, but not LTF.

The PostMighty The PostMighty
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Bro got it back in mid-2019. He is a long time HDFC Savings Account holder. It is paid (Rs 1000 + GST).

HDFC has this problem of showing cards on their website that are discontinued. I asked my RM for HDFC Bharat RuPay Credit Card earlier this year (I didn't have a HDFC CC back then) and she laughed stating that it had been discontinued years ago. Yet on DD people have posted that they have got this card even this year but mostly in non-Metro locations.

Deal Cadet Deal Cadet
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Send an email to HDFC Bank at the following mail id's :

[email protected],
[email protected]

and ask them to upgrade your card to Millennia.

Within a week, your card will be upgraded and your points will be converted to Millennia with a fresh validity.

Furthermore, the reward structure of Millennia is pretty good compared to other HDFC cards.

The PostMighty The PostMighty
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While the rewards points structure is bad, by no means I meant to say that I want to replace this card with something else. My primary use of this card is movies via BookMyShow. I do around 50 movies a year in the theatres, a lot of them alone, and this is the only card I know that gives 50% off even on a single ticket. Other cards insist on minimum 2 tickets.

I get a 50% discount on 4 tickets per month up to a maximum of Rs 600 for the month. So, even if I watch 4 movies a month at Rs 180 each, I save 4x90 = Rs 360 every month. The card pays for itself within 3 months. 

Yes, if they take away that BookMyShow benefit then I will immediately replace it Millennia or something else as you suggested.
The PostMighty The PostMighty
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This time I redeemed for HP Petro voucher at 1RP = 17.8p which is a level above cash redemption at 1RP = 15p.
Reasoning - You cannot get petrol discounted and all other vouchers which offer a better ratio (upto 1RP = 28p) can be bought at 10-25% discount rather easily.
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