1 Marriott Bonvoy point is worth ₹0.65 in India.
₹0.65₹650 per 1,000 points, our house mark
₹0.65, down from ₹1.24 · re-marked 10 Jul
How we got this ₹ figure
₹0.65 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹0.90, the ceiling) and not the worst you can always fall back on (₹0.35, 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? — 28 do
One card earns Marriott Bonvoy 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 →
Marriott Bonvoy HDFC Bank0.9%HDFC Bank27 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.
HSBC Premier (Metal)₹0.651:1 via HSBC Reward PointsHSBC TravelOne₹0.651:1 via HSBC Reward PointsHSBC Privé₹0.651:1 via HSBC Reward Points24 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? HDFC Bank → · HSBC → · American Express → · Kotak Mahindra Bank →
Fully dynamic since 2022 (award charts removed 29-Mar-2022, transition complete by 2023) and still drifting down — Marriott quietly repriced awards up another 5–16% across 2025–26. Free-night awards and the old ~35k-point sweet spots are where what's left of the value lives.
cheapest way in — what one point costs to mint
To Southwest Rapid Rewards₹0.403:1 (1–2 days)best way out — what one point is worth once it lands , at the base rate before any volume bonus
Marriott Bonvoy gets cut — we grade its nerf risk high 9 cuts in 24 months — latest: Sep-2026 partner purge (major) · 1 announced, not yet in force (from Nov-2026) How we grade it →
Expiry: activity-based — forfeited after 24 months without earning activity
What these points actually fly
You hold this — the numbers below are your own points.
These points feed 17 programmes that publish an award chart. Cheapest verified seat per cabin, in Marriott Bonvoy, transfer already priced in:
- Bengaluru → Colombo Economy 19,500 pts via Avios (BA / Qatar / Finnair) at 3:1 the play
- Delhi → Mumbai Business 37,500 pts via Air Canada Aeroplan at 3:1 the play
- Mumbai → Hyderabad First 60,000 pts via Air Canada Aeroplan at 2.4:1 the play
This drawing wants a wide screen. Every route it draws is in the lists below, priced.
+4 more in · +24 more out — every route is listed below, and drawn on the map.
Every way in
Currencies that transfer in
Ratios read source points : Marriott Bonvoy points, cheapest mint first — the ₹ figure is what one point here costs you via that route.
Gone (2)
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 Marriott Bonvoy; priced at this program's house value.
3 more chains in — same ranking, cheapest mint first
Every way out
Ranked by real ₹ per point at our house values — the play first, the traps last. Ratios read Marriott Bonvoy points : partner miles.
Ways out via partner transfer
Program-to-program corridors — Marriott Bonvoy moved onward without a bank card in the loop. Priced at the destination's house ₹/point (volume bonuses at the marginal block rate); destinations we refuse to fake a ₹ number for say so.
32 more partner-transfer corridors out — same ranking
Gone (5)
What a point has been worth
Derived only from quantified, dated events in the tracker — no interpolation, no vibes.
- 10 Jul 2026 ₹0.65 community-consensus re-mark (TPG/Frequent Miler 0.74–0.80¢; haircut retained)
- 29 Mar 2022 ₹1.24 2022-03-29 — Marriott Bonvoy removes award charts and goes fully dynamic; the Cat-5 standard-night ceiling climbs from 40,000 pts (early 2022) to 76,000 pts (2025), a ~90% award-cost rise (Frequent Miler's reconstructed chart) — Cat-5 nights 40,000 → 76,000 pts (+90%) → re-anchored to the 2026-07-10 house re-mark: 0.65 × (76000 ÷ 40000) = 1.235 ≈ 1.24
The nerf log
Full tracker →Every tracked event that touches Marriott Bonvoy.
- 15 Nov 2026The Reserve's memberships stop renewing unless you say yesClub ITC Culinaire, Accorplus, handcrafted Club Marriott Asia Pacific, EazyDiner Prime and Priority Pass renewed automatically each year for as long as the card was open → From 15 Nov 2026 complimentary memberships linked to the card renew only with the cardholder's explicit consent — Axis says renewal and consent details will be shared closer to each renewal date. The same notice flips Priority Pass off at Indian domestic lounges from 28 Aug 2026 (present the Reserve card itself) and adds a ₹1,300 late-payment slab above ₹50,000 outstanding
The Reserve's whole defence of a ₹50,000 fee is the membership stack — Club ITC Culinaire with its free third night, Accorplus, handcrafted Club Marriott Asia Pacific, EazyDiner Prime, and the unlimited Priority Pass. Axis's own Reserve revision notice says that from 15 November none of them renew unless you actively consent. Framed as a choice, it works as breakage: the failure mode of an opt-in is silence, and a cardholder who misses the renewal email keeps paying ₹50,000 for a card whose benefits have quietly lapsed. Reserve is on the same list as Select, Magnus, Magnus for Burgundy, Burgundy Private, Olympus and both Miles & More cards, so this is the whole Axis premium book learning the same trick. Two other things ride the notice: from 28 August the Priority Pass card stops opening Indian domestic lounges — you present the Reserve itself against Axis's own eligible-lounge list, and post-immigration lounges at Indian international terminals still count as international — and a fifth late-payment slab of ₹1,300 appears above ₹50,000 outstanding. Notably, the Reserve notice carries no dynamic-currency-conversion line at all while the bank-wide grid goes 1.5% → 3.5%, and the card's 1.5% foreign transaction fee is untouched.
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 10 Sept 2026Amex guts Platinum Travel's milestone ladder — 30,000 MR out, the Taj voucher doubledThree rungs in a Cardmembership year: 7,500 MR at ₹1.9 lakh, 10,000 MR at ₹4 lakh, 22,500 MR plus a ₹10,000 Taj Experiences e-Gift Card at ₹7 lakh — 40,000 bonus MR and ₹10,000 of Taj for the full run → The ₹1.9 lakh rung is deleted, ₹4 lakh keeps its 10,000 MR, and ₹7 lakh pays a ₹20,000 Taj Experiences e-Gift Card with its 22,500 MR removed — 10,000 bonus MR and ₹20,000 of Taj for the full run. Spend POSTED on or before 9 Sept 2026 is judged under the old ladder, posted from 10 Sept 2026 under the new one
Second cut in six months on the same ladder, and this one takes the entry rung out entirely. At our ₹0.50 house value for Membership Rewards the full ₹7 lakh run goes from ₹30,000 of milestone value (40,000 MR plus a ₹10,000 Taj card) to ₹25,000 (10,000 MR plus a ₹20,000 Taj card) — a ₹5,000 hole in a card whose fee is ₹5,000. The ₹1.9 lakh spender fares worse in proportion: their only milestone was 7,500 MR, worth ₹3,750, and it is simply gone, so the first ₹4 lakh of the year now buys nothing at all on a card sold on milestones. A ₹4 lakh spender is out the same ₹3,750. And the swap at the top is not like-for-like even where the rupees agree: the 30,000 Membership Rewards points being withdrawn are 15,000 miles into KrisFlyer, Qatar or BA Avios, Cathay, Emirates or Virgin Atlantic at Amex India's standard 2:1, or 30,000 Marriott Bonvoy points through the one 1:1 door — the ₹10,000 of extra Taj credit replacing them spends inside a single hotel group. Amex has announced this to cardmembers and published it nowhere: its own product page and the Platinum Travel general terms PDF (last modified 1 June 2026) both still print the March-2026 ladder at this read. The change comes from four independent community accounts that agree rung for rung, plus LiveFromALounge's write-up of the cardmember notice. The card has been closed to new applicants since March 2025, so every rupee of this lands on existing cardmembers.
- 10 Sept 2026Amex deletes the ₹1.9 lakh milestone on Platinum Travel and swaps the ₹7 lakh points for a voucherThree rungs — 7,500 MR at ₹1.9L, +10,000 MR at ₹4L, +22,500 MR and a ₹10,000 Taj voucher at ₹7L. 40,000 bonus Membership Rewards points across the ladder. → Two rungs — 10,000 MR at ₹4L, and a ₹20,000 Taj Experiences e-Gift Card at ₹7L. 10,000 bonus Membership Rewards points across the ladder.
The milestone ladder is the Platinum Travel card, and Amex just took three quarters of the points out of it. Per the cardmember notice reported on 10 August: "From September 10, 2026, the INR 1.9 lakh milestone will disappear entirely as a reward milestone", "The INR 4 lakh milestone, however, remains unchanged", and "The existing 22,500 bonus Membership Rewards points will disappear, and in their place cardmembers will receive an INR 20,000 Taj Experiences e-Gift Card." Do the arithmetic before you decide how you feel about it, because Amex has framed this as a swap and it is not one. Bonus MR across the full ladder falls 40,000 to 10,000 — thirty thousand points gone — against ₹10,000 more of Taj paper. MR transfers 1:1 into Marriott Bonvoy and a wall of airline programmes; a Taj e-gift card transfers into a Taj hotel. So the reader who ran ₹7 lakh through this card for the airline firepower is the reader who loses, and the reader who was going to stay at a Taj anyway is roughly whole. This is the second cut to the same ladder in six months: the March 2026 revision already moved the Taj voucher from the ₹4L rung to the ₹7L rung. THE OPERATIONAL TRAP, and it is the sentence to read twice if you are mid-run on a milestone right now: "Eligibility for the spend milestones will be determined based on the transaction posting date, rather than necessarily the date on which the transaction was made. Eligible spending posted on or before September 9, 2026 will qualify under the existing milestone benefits." A ₹1.9 lakh run completed on 8 September that posts on 11 September is judged under the new structure, where that rung no longer exists. If you are chasing the old ladder, finish with days to spare, not hours. WHAT AMEX HAS ACTUALLY PUBLISHED: nothing. Checked again on 23 August — the product page still reads "Spend Rs 7 lakhs in a Cardmembership year and get additional 22,500 Membership Rewards points" and the Platinum Travel general T&C PDF has not been reissued since 1 June 2026. Two independent reports of the same notice agree on every figure, which is why this row exists; the absence of an issuer document is why it says so.
- 1 Sept 2026Burgundy Private's lapse fee doubles to ₹1 lakhAnnual fee ₹50,000 + GST if the ₹5 Cr TRV lapses (Nil while the Burgundy Private relationship holds) → Annual fee ₹1,00,000 + GST below ₹5 Cr TRV from 1 Sep 2026 — TRV checked the month before the card anniversary month; still Nil at ₹5 Cr+. Same revision package: Priority Pass invalid at Indian domestic lounges from 28 Aug 2026 (present the card itself), memberships renew only with explicit consent from 15 Nov 2026
Axis's August-2026 revision banner on The One Card page reads politely and lands hard: from 1 September the fee that surfaces when a Burgundy Private relationship slips below ₹5 crore doubles from ₹50,000 to ₹1,00,000 + GST, with the TRV test run the month before your card anniversary. Holders who keep the ₹5 Cr relationship still pay nothing — the card's whole premise survives — but the exit toll for a lapsed private-banking client is now six figures. The same package rewires the airport routine from 28 August (Priority Pass stops working at Indian domestic lounges; the card itself opens them, and post-immigration lounges still count as international on PP) and, from 15 November, stops auto-renewing the Club Marriott / Accor+ Explorer / Taj Epicure / EazyDiner memberships without your explicit consent — silent-lapse risk for the perks that justify the tier.
7 earlier events on this program
- 25 Aug 2026Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite PlusNo standing public status-match route from most Indian-held airline and hotel tiers into a SkyTeam Elite Plus card → A paid Lotusmiles status match accepting ~47 airline programmes (Air India Maharaja Club included) and 18 hotel chains, granting 12 months up to Platinum
Lotusmiles will match tier status from roughly 47 airline programmes — Lufthansa, Swiss, Etihad, Emirates, BA, Qatar, Singapore, Qantas and Air India's Maharaja Club — plus 18 hotel chains (Marriott, Accor, Hilton, Hyatt, IHG, matched through Gold only), for a flat 12-month grant with no stated flying requirement. The SkyTeam translation is the point: Titanium and Gold confer SkyTeam Elite, and Platinum confers SkyTeam Elite Plus — priority everything plus a guest into SkyTeam lounges across the network. Priced USD 129–359 by tier matched. For an Indian reader sitting on an underused hotel or airline status, it is one of the cheaper routes to a year of Elite Plus; match near a renewal and treat it as a one-year sprint.
- 28 Jul 2026TAP's own-metal award table stops being a chart — every cell is now a floorA fixed one-way price per zone pair on TAP metal; this desk carried 63,000 miles for Lisbon → US East Coast business → 'Award Ticket Values From' — every cell a minimum. Mainland Portugal → North America from 29,000 economy / from 135,000 business, with unpublished lower floors for Gold and Navigator members
Eleven weeks after repricing its Star Alliance chart, TAP devalued again — and this time it changed the kind of document it publishes. The table covering TAP's own metal, effective 28 July 2026, is titled 'Award Ticket Values From' and every cabin column is headed 'from', so each of its 71 cells is a floor TAP may price above rather than a number you can hold it to. The marquee burn is the casualty: Mainland Portugal → North America in business reads from 135,000 miles one-way, against the 63,000 this desk carried through July and the roughly 100,000 the community documented on the prior chart — the new FLOOR alone sits above every fixed price anyone can evidence. Two things soften it slightly. Economy floors are low and even quirky: 29,000 across the Atlantic from Portugal, but only 19,000 if you start in Germany, France, the UK, Spain or Scandinavia and connect over Lisbon, so a positioning segment takes 10,000 miles off — a discount that reverses in business. And short-haul is cheap on paper: 1,990 domestic, 3,000 to Madeira or the Azores, 5,990 to 'Europe 1'. TAP also began the same day giving Gold and Navigator members special award rates it does not publish, which is a second reason no printed cell is a price. For an Indian wallet the sting is doubled: no card feeds Miles&Go, so every mile arrived through a Bonvoy 3:1, Accor 2:1 or IHG 5:1 hotel hop and starts a 3-year fuse the moment it lands. Note the board itself is unaffected — all 1,626 TAP options we price are Star Alliance partner awards off the separate May table, and no corridor we cover starts or ends in Lisbon or Porto.
- 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.
- 15 Jul 2026Your World Rewards pays 5,000 Bonvoy points for one paid stayNo standing stay bonus on the Marriott Bonvoy × Emirates Skywards Your World Rewards partnership → Register at travel-partner.marriott.com between 15 Jul and 30 Sep 2026; the first eligible paid stay consumed in that window earns 5,000 bonus Bonvoy points, once per member. Free Night Awards and Cash + Points nights don't qualify; points credit two to four weeks after 30 Sep 2026
A small, clean one: register on Marriott's Emirates partner page and your first paid Bonvoy stay before 30 September 2026 pays 5,000 bonus points on top of normal earn, once. Award nights and Cash + Points stays are excluded and the credit lands two to four weeks after the promotion closes. At our ₹0.65 house value that is a shade over ₹3,000 for a stay most Bonvoy members were taking anyway — not a reason to book, a reason to register before you do.
- 5 Jul 2026Marriott quietly reprices awards up 2–16% overnightWeekend-of pre-hike dynamic award prices (no published chart) → Award costs up 2.4–15.6% (most 3–8%); ~5–10% average across sampled hotels
Over the first weekend of July 2026 Marriott pushed through another no-notice, unpublished-chart devaluation — spotted first on Chinese frequent-flyer forums, then confirmed across the points blogs. Increases ran 2.4% to 15.6% with most properties 3–8% pricier: the Athenee Bangkok went 32k→37k, the London EDITION 107k→115k, the Ritz-Carlton Maldives 168k→176k. Post-hike, sampled Bangkok redemptions cleared only ~0.56¢/point after taxes and fees — one more reason Bonvoy's house value keeps drifting toward its floor. It follows the 2025 round that lifted the Cat-5 ceiling to 76,000 points, a 90% climb from early-2022's 40k.
- 10 Jun 2026China Southern returns to India: Guangzhou–Delhi daily from 21 September 2026No China Southern metal to or from India since 2020 — and because Sky Pearl left SkyTeam the same year, no partner metal either, so an Indian Sky Pearl award had nothing to fly on → CZ359/CZ360 Guangzhou–Delhi daily from 21 Sep 2026 on a Boeing 737-8; Delhi is the only Indian station on the map
China Southern files a daily Guangzhou–Delhi nonstop from 21 September 2026 — CZ359 out of Guangzhou at 15:35 landing 19:00, CZ360 back from Delhi at 20:00 — its first India flying in six years, and the third mainland Chinese carrier to return after China Eastern's Shanghai–Delhi and Air China's Beijing–Delhi. For points, the gap mattered more than most: Sky Pearl walked out of SkyTeam on 1 January 2020 and joined no alliance, so a Sky Pearl award IS a China Southern metal award — no partner, no alliance chart, no fallback. From 2020 until this launch there was therefore no such thing as a Sky Pearl redemption out of India, however many miles you had hopped over from IHG One (5:1) or Marriott Bonvoy (3:1). Our own board said otherwise for months: 112 Sky Pearl options priced China Southern out of eight Indian cities via Guangzhou. Eighty-four of them were deleted on 1 August 2026 when the carrier's real network was mapped, and the 46 that survive are the Delhi corridors that come alive on 21 September plus two genuine Guangzhou nonstops from Dhaka and Kathmandu. Treat every Sky Pearl price on this site as bookable from Delhi and nowhere else in India.
- 15 May 2026Regalia Gold's earn rate quietly drops 6% under a new denominator4 RP per ₹150 spent (~1.73% effective rate) → 5 RP per ₹200 spent (~1.625% effective rate)
HDFC didn't touch the headline '4 points per 150 rupees' framing that sells the card — it just moved the goalposts to '5 points per 200 rupees,' which sounds like more but pays out roughly 6% less per rupee spent. Add a new ₹199 reissuance fee and a bumped 1.75% DCC markup, and Regalia Gold's case as a starter travel card gets noticeably weaker. This is the same denominator trick HDFC has now run across its Diners/Marriott stable — check your statement, not the marketing page.
Straight answers
The questions people actually type about Marriott Bonvoy — answered from the same data as everything above, with the same numbers.
What is 1 Marriott Bonvoy point worth in INR?
Our desk marks Marriott Bonvoy at ₹0.65 a point — so 1,000 points are worth ₹650 and 10,000 are worth ₹6,500. That is the number every route on this page is priced with. The ₹0.35 floor is the redemption you can always fall back on; the ₹0.90 ceiling is the best sweet spot we have actually verified. The mark is trending down, last reviewed 12 Jul 2026. The valuation index prices it against every other program we cover.
What is the Marriott Bonvoy transfer ratio?
Every ratio on this page is read source points : destination points and is never inverted. The cheapest way in on our board is 1:1 from Amex Membership Rewards — cheapest by what it costs in ₹ to mint a point, which is not always the fattest-looking ratio . We track 4 live routes in and none out, each listed above with what one point becomes, the cards that may ride it, and the per-card exceptions where an issuer gives some cardholders a different rate.
Which Indian cards earn Marriott Bonvoy?
1 Indian card earns Marriott Bonvoy outright, and 27 more feed it by transfer. Best-ranked earner: Marriott Bonvoy HDFC Bank, at 0.9% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
Can I transfer HSBC points to Marriott Bonvoy?
Yes — HSBC Premier (Metal) earns HSBC Reward Points and moves them here at 1:1, which makes one of its points 1.0 points and ₹0.65 of value at our house mark. 27 cards feed Marriott Bonvoy; 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 Marriott Bonvoy last devalue?
10 Sept 2026 — Amex guts Platinum Travel's milestone ladder — 30,000 MR out, the Taj voucher doubled. That is the newest cut on our record. The nerf log below carries 30 tracked events touching Marriott Bonvoy, and the program grades high on nerf risk.
Verified against Marriott's own documents on · our house ₹/point, ₹0.65 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window · a published price for a night.
Every document behind this page — 2 of them, each with the day we read it
- official Marriott's own redemption page: no award chart at all, and the one fixed rule left is that the fifth night of an award stay is free. This mark prices an algorithm, not a table.
- official Marriott's miles-to-points table, enumerated row by row — ten airline programmes convert in at published ratios, and that grid is the only fixed price anyone puts on a Bonvoy point.