1 AirAsia Rewards point is worth ₹0.23 in India.
₹0.23₹230 per 1,000 points, our house mark
₹0.23, up from ₹0.20 · re-marked 10 Jul
How we got this ₹ figure
₹0.23 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹0.24, the ceiling) and not the worst you can always fall back on (₹0.15, the floor). It is the number every route on this page is priced with.
The mark has 2 dated points in data/valuation-history.yaml, each one pinned to a quantified event in the tracker — no interpolation. The last move was re-marked 10 Jul. How we value a point →
Which of my cards reach it? — 50 do
50 more cards feed it by transfer, ranked by what one of ITS points actually becomes here — per-card exceptions and card-specific whitelists already applied, no averages.
Axis Bank PRIMUS₹1.151:5 via Axis EDGE MilesAxis Olympus₹0.921:4 via Axis EDGE MilesHSBC Premier (Metal)₹0.691:3 via HSBC Reward Points47 more cards that get you there — same ranking, best conversion first
The full funnel — ratios, chains and ₹/mile, side by side →
Shopping by bank instead? Axis Bank → · HSBC → · HDFC Bank → · SBI Card →
Fixed-ish: 100 points knock RM1 off AirAsia fares — 1 point ≈ 1 sen ≈ ₹0.23 at MYR/INR ≈23 (Jul 2026). Cash-fare offsets on SE Asia short-haul, nothing more.
cheapest way in — what one point costs to mint
AirAsia Rewards has held — we grade its nerf risk stable No cuts on record — 2 tracked events, all clean How we grade it →
No corridor on our board prices a seat in AirAsia Rewards against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
This drawing wants a wide screen. Every route it draws is in the lists below, priced.
Every way in
Currencies that transfer in
Ratios read source points : AirAsia Rewards points, cheapest mint first — the ₹ figure is what one point here costs you via that route.
2 more currencies that transfer in — same ranking, cheapest mint first
Every way in (via a chain)
Chains (2–4 legs) that survive our honesty filter — shown only where no direct route exists or the chain strictly beats it. End-to-end ratio in card points per point of AirAsia Rewards; priced at this program's house value.
What a point has been worth
Derived only from quantified, dated events in the tracker — no interpolation, no vibes.
- 10 Jul 2026 ₹0.23 FX re-mark — rupee slide against pegged EUR/USD/MYR (audit 2026-07-10)
- 1 Mar 2015 ₹0.20 tracker coverage start — no recorded movement while indexed — flat at the current house value; see currencies.yaml source
The nerf log
Full tracker →Every tracked event that touches AirAsia Rewards.
- 6 Aug 2026MaxCoins' full transfer catalogue surfaces — Accor at 2:1 re-prices the coin to ₹1.08One verified door (Maharaja Club 5:4 via Air India's partner page) priced MaxCoins at ₹0.64 by the best-exit method; Accor ALL appeared in-app ~04-Aug with no ratio published anywhere citable → The in-app Redeem catalogue (read 06-Aug-2026) prints all eight doors — ALL Accor 2:1, SAS EuroBonus 1:1, AirAsia 1:1, Maharaja Club 5:4, LotusMiles 5:4, IndiGo BluChip 5:4 (enrollment gate), ShebaMiles 5:3, Air Arabia 5:3 — plus a '1 MaxCoin = ₹1' gift-card face. Best exit is now Accor: ₹1.08/coin
The gift-card app's coin grew up. When Accor ALL appeared in Maximize's transfer list in early August, no ratio existed anywhere on the public web — the catalogue lives server-side, behind the app. Now read in full, it settles the question generously: 100 MaxCoins become 50 Accor points, and at Accor's ₹2.15 peg that is ₹1.08 of hotel value per coin — ahead of the ₹1 gift-card face the app itself prints, and well ahead of the old Maharaja-door mark of ₹0.64. The rest of the catalogue is mostly a decoy: EuroBonus at 1:1 and LotusMiles at 5:4 sit below the cash face, and AirAsia at 1:1 turns a rupee into twenty-three paise. The play is unchanged in shape — earn the coins as gift-card discounts, exit through Accor — but the exit is now the best rupee-per-point door this currency has ever had.
- 25 Jul 2026HDFC switches on 22 transfer partners for BizPowerAirmiles conversion via NetBanking only — no partner ever named by HDFC → 22 SmartBuy transfer partners — 14 at 2:1, 8 at 3:1
HDFC's ₹2,500 business card just got a redemption game. BizPower Reward Points — 5 RP per ₹200 since 15 May 2026, 5X on income tax, GST, PayZapp bills, Google and Meta Ads — could previously only leave the account as cashback at ₹0.20, catalogue goods at ₹0.35, SmartBuy travel at ₹0.50, or a nameless 'Airmiles conversion' via NetBanking. From 25 July they transfer on SmartBuy to the same 22 airline and hotel programmes Infinia and Diners Black see, one notch worse across the board: 2:1 to KrisFlyer, Flying Blue, Avianca LifeMiles, Turkish, United, Accor ALL, IHG, Club ITC, AirAsia, Finnair, Radisson, Wyndham, Lotusmiles and SpiceClub; 3:1 to Qatar and BA Avios, Air India Maharaja Club, Marriott Bonvoy, Aeroplan, Cathay Asia Miles, Etihad Guest and Thai Royal Orchid Plus. HDFC announced nothing and still names no partner in any document it publishes — the grid comes from four independent sightings that agree partner-for-partner, and the 2:1 base matches HDFC's own FAQ line, '1 Reward Points = Rs.0.5 airmiles'. Accor ALL at 2:1 is the standout: at our ₹2.15 house value that is the only one of the 22 doors worth more than a rupee a point (₹1.07), and it beats every cash-out HDFC offers this card. Sister card BizBlack, on Infinia-grade earn, still reaches exactly one programme.
Straight answers
The questions people actually type about AirAsia Rewards — answered from the same data as everything above, with the same numbers.
What is 1 AirAsia Rewards point worth in INR?
Our desk marks AirAsia Rewards at ₹0.23 a point — so 1,000 points are worth ₹230 and 10,000 are worth ₹2,300. That is the number every route on this page is priced with. The ₹0.15 floor is the redemption you can always fall back on; the ₹0.24 ceiling is the best sweet spot we have actually verified. The mark is trending up, last reviewed 11 Jul 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn AirAsia Rewards?
None — no Indian card earns AirAsia Rewards directly, so it is a transfer-only balance here. 50 cards feed it instead, and the hardest converters are Axis Bank PRIMUS, Axis Olympus and HSBC Premier (Metal). The ratio you are offered is therefore the whole decision. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
Can I transfer Axis Bank points to AirAsia Rewards?
Yes — Axis Bank PRIMUS earns Axis EDGE Miles and moves them here at 1:5, which makes one of its points 5.0 points and ₹1.15 of value at our house mark. 50 cards feed AirAsia Rewards; it is the best of them. Everything that bank's points can reach — caps by card tier included — is on its transfer page.
When did AirAsia Rewards last devalue?
Never, on our record. We hold 2 tracked events touching AirAsia Rewards and not one of them is a devaluation. Read that as an absence of evidence, not a promise — the nerf log below is the full sourced history, and the nerf-risk grade still reads stable.
Verified against AirAsia (Capital A)'s own documents on · our house ₹/point, ₹0.23 today
Not published , and we will not invent it: when the points expire · how long posting takes · its award terms — surcharges and the booking window.
Every document behind this page — 2 of them, each with the day we read it
- official AirAsia's own newsroom, 17 Jun 2026 — "the minimum redemption is 100 AirAsia points (equivalent to RM1 or approximately 7.5 THB) per transaction". That ringgit peg is the whole of this mark.
- official AirAsia's own redemption terms — away from flights the rate is 125 points per RM1, and AirAsia reserves the right to change it at will. That spread is why the floor sits under the mark.