Program hub
Kotak Air Miles
Flat ₹1/mile against flights and hotels on Kotak Unbox — that IS the ceiling: all 9 airline/hotel transfers (Air India 1:1, most others 2:1, Marriott 3:1) price WORSE than just redeeming. Floor is the ₹0.50 voucher rate. (Kotak Solitaire rewards page, 2026-07-21.)
₹0.50
Floor
₹1.00
House value / point
₹1.00
Ceiling
—
Trend
Nerf risk: stable No tracker events on record for this program
Floor = the worst redemption you can always fall back on; ceiling = the best sweet-spot exit. The house value is what a disciplined traveller actually clears.
Every way in
Every way out
Ranked by real ₹ per point at our house values — the play first, the traps last. Ratios read Kotak Air Miles points : partner miles.
2:1
ALL - Accor Live Limitless not published
Accor's near-fixed €40/2,000-point value survives even the 2:1 for a disciplined redemption.
₹1.07 /pt
1:1
Air India Maharaja Club not published
Kotak Air+ gets 2:1
The one 1:1 route — Air India domestic + Star Alliance premium cabins. Still worth ~₹0.8/mile vs the ₹1 flat Unbox redemption, so book travel direct unless you need Maharaja specifically.
₹0.80 /pt
2:1
Etihad Guest not published
Etihad business to AUH and beyond — but 2 Air Miles per mile halves the ₹1 flat value.
₹0.50 /pt
2:1
British Airways Executive Club (Avios) not published
Avios for short-haul and partner sweet spots; Qatar Privilege Club transfers at the same 2:1 via the shared Avios pool. Poor value against the ₹1 Unbox redemption.
₹0.50 /pt
2:1
United MileagePlus not published
Wide Star Alliance access, no fuel surcharges — but the 2:1 makes it a top-up route only.
₹0.50 /pt
2:1
Cathay Pacific Asia Miles not published
oneworld premium cabins via Cathay; 2:1 dilutes the value.
₹0.50 /pt
2:1
Air France-KLM Flying Blue not published
Flying Blue Promo Rewards from India; 2:1 keeps it a fallback.
₹0.50 /pt
3:1
Marriott Bonvoy not published
The worst route here — 3 Air Miles per Bonvoy point. Only for topping up a near-complete award.
₹0.22 /pt
Spot an error? Report it →