Hotel and airline loyalty programs worth transferring points to

The standout hotel transfer for raw value — Accor points are priced in euros, so a point holds around ₹2 and behaves a little like an appreciating asset as the rupee weakens.

The largest hotel footprint in India — which is why so many cards route to it — but the points dilute. Great for availability, weaker on raw value than Accor.

One of the few hotel currencies with a published value — ITC’s own terms fix a Green Point at ₹1 against hotel bills — and reachable from five Indian bank currencies, level with IHG One Rewards and Wyndham and one behind Accor ALL among the hotel programmes we model.

India’s largest mid-scale hotel estate, fed by five Indian bank currencies — into a point IHG itself says has no value until redeemed. We hold it at ₹0.45, below the global figure, because the Indian estate is Holiday Inn, not InterContinental.

One Indian route in — American Express Membership Rewards at 2:3 — into a point we hold at a deliberately conservative ₹0.35. The maths clears Amex’s voucher floor by a whisker, and Hilton’s free Points Pooling is the most generous sharing rule of any hotel currency an Indian card reaches.

Air India’s unified frequent-flyer programme — Maharaja Points earn on flights or feed in from bank credit-card transfers, and unlock Star Alliance award seats where the best value sits.

Singapore Airlines’ frequent-flyer programme — a favourite transfer target for Indian cardholders, where premium-cabin Saver awards deliver the standout value.

One shared currency across British Airways, Qatar, Iberia, Finnair and Aer Lingus — collect Avios from an Indian card once, then spend it on whichever airline has the seat.

The SkyTeam counterpart to Avios — dynamically priced, with a standout free stopover and a clean 1:1 route from an Indian card, plus a hotel-points bridge via Accor.

India’s largest airline runs a closed currency: BluChips are earned on seven co-brand cards or fed in from Axis EDGE, and buy nothing but IndiGo fares — at a rate IndiGo does not publish.

The best exit American Express Membership Rewards has in India since August 2026, points that never expire, and a Household account for ten — reached directly only from Amex, and from every other Indian currency through a hotel programme at a loss.