Business the play 38,500 pts Malaysia Airlines via KUL (oneworld) — Avios partner chart, per-segment
CCU–KUL (1,638 mi, Z3, 24,500 J) + KUL–HKT (438 mi, Z1, 14,000 J) = 38,500 Avios for Malaysia business via Kuala Lumpur. A flat bed to Phuket, but the routing overshoots south to KL and doubles back north; IndiGo's nonstop is far faster in economy. Completeness up front.
Feed it: 38,500 HDFC Reward Points (1:1) · 77,000 Amex Membership Rewards (2:1) · 38,500 HSBC Reward Points (1:1)
Malaysia Airlines business via KUL (oneworld partner award)
40,000 AA miles business via KL — 120,000 Bonvoy at 3:1 (see /transfers/to/american-aadvantage). Above the 38,500 Avios sum for the same routing; completeness only.
Feed it: 1,20,000 Amex Membership Rewards (3:1 via Marriott Bonvoy) · 2,40,000 RBL Reward Points (6:1 via Club ITC → Marriott Bonvoy) · 40,000 Axis EDGE Miles (1:1 via Club ITC → Marriott Bonvoy)
Economy the play 19,000 pts Malaysia Airlines via KUL (oneworld) — Avios partner chart, per-segment
CCU–KUL (Z3, 12,500) + KUL–HKT (Z1, 6,500) = 19,000 Avios via KL — a lot of miles and a backtrack for a 3-hour beach hop IndiGo flies nonstop. The fixed-price option exists; it rarely beats the cash fare here.
Feed it: 19,000 HDFC Reward Points (1:1) · 38,000 Amex Membership Rewards (2:1) · 19,000 HSBC Reward Points (1:1)
Malaysia Airlines via KUL (oneworld partner award)
25,000 AA miles Indian Subcontinent → Asia Region 2 (Thailand) — 75,000 Bonvoy at 3:1 (see /transfers/to/american-aadvantage), routed via KL on Malaysia. The flat region price; a stop added to a nonstop corridor, so purely the backstop.
Feed it: 75,000 Amex Membership Rewards (3:1 via Marriott Bonvoy) · 1,50,000 RBL Reward Points (6:1 via Club ITC → Marriott Bonvoy) · 25,000 Axis EDGE Miles (1:1 via Club ITC → Marriott Bonvoy)
IndiGo nonstop — BluChip, dynamic (revenue-priced)
IndiGo flies CCU–HKT nonstop and BluChips knock rupees off the live fare at roughly ₹0.40–0.60 apiece (min 500), own metal only — no chart, no sweet spot. On a leisure route with cheap cash fares that's a coupon, and the only nonstop points option.
Ways in: HSBC Reward Points 1.5:1 via Accor Live Limitless (ALL) · Axis EDGE Reward Points 5:1 · HDFC Reward Points 3:1 via Accor Live Limitless (ALL)