1 CheQ point is worth ₹0.50 in India.
₹0.50₹500 per 1,000 points, our house mark
₹0.50 · first marked 23 Aug 2026, never re-marked since
How we got this ₹ figure
₹0.50 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹0.50, the ceiling) and not the worst you can always fall back on (₹0.25, the floor). It is the number every route on this page is priced with.
We hold one dated point for CheQ Points — the mark itself. There is no earlier valuation on our record, so this page shows no trend line rather than drawing one. How we value a point →
Which of my cards reach it? — 1 do
One card earns CheQ Points outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
CheQ AU Credit Card0.5%AU Small Finance BankClosed loop, and AU prices it on the card's own page: "Flight & hotel bookings (2 CheQ Points = ₹1) / Shopping across 30+ top brands (2 CheQ Points = ₹1) / Monthly bill payments (4 CheQ Points = ₹1)". So ₹0.50 at the two rates that cover flights, hotels and 30+ brand gift cards, and ₹0.25 when the points are used to offset a card or utility bill — the floor. No transfers, no partners, no airline: the points land in a CheQ account and are spent in the CheQ app. THE TRAP WORTH NAMING: every headline percent AU prints for this card is EXACTLY DOUBLE the rupee it returns, because AU quotes points-per-₹100 with a percent sign while a point is worth ₹0.50. "12% Rewards On Your Favourite Brands" is 24 points per ₹200 = 12 points per ₹100 = ₹6 = 6%. The base "1%" is 0.5%. (AU's CheQ AU product page, read 23-Aug-2026.)
CheQ Points has held — we grade its nerf risk stable No tracker events on record for this program How we grade it →
Expiry: 2 years from the date the points are credited to the CheQ account — AU's own FAQ: "Your reward points are valid for 2 years from the date they are credited into your CheQ account."
No corridor on our board prices a seat in CheQ Points 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 →
Straight answers
The questions people actually type about CheQ Points — answered from the same data as everything above, with the same numbers.
What is 1 CheQ point worth in INR?
Our desk marks CheQ Points at ₹0.50 a point — so 1,000 points are worth ₹500 and 10,000 are worth ₹5,000. That is the number every route on this page is priced with. The ₹0.25 floor is the redemption you can always fall back on; the ₹0.50 ceiling is the best sweet spot we have actually verified. The mark is holding flat, last reviewed 23 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn CheQ Points?
1 Indian card earns CheQ Points outright. Best-ranked earner: CheQ AU Credit Card, at 0.5% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did CheQ Points last devalue?
We hold no dated events for CheQ Points at all — no devaluation, no buff, nothing sourced — and we will not fill that gap with a guess. The nerf-risk grade reads stable, which on a program with no logged history means untested rather than safe.
Verified against AU Small Finance Bank × CheQ's own documents on · our house ₹/point, ₹0.50 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.