Synopsis: Since Axis Bank removed Accor Live Limitless (ALL) from its transfer partner list on April 2, 2026, ending India’s most popular hotel-points route. This article compares five cards still active in the Accor ecosystem on exact transfer ratios and effective returns.
Until April 2026, transferring points to Accor almost always meant Axis Bank, at a fixed, transparent rate close to ₹2 per point. That route closed overnight, leaving cardholders to find the next-best path into the same hotel network.
1. HDFC Diners Club Black Metal Credit Card
- Joining Fee: ₹10,000 + GST
- Annual Fee: ₹10,000 + GST
- Fee Waiver: On ₹8 lakh spend condition in 12 months
- Accor ALL Transfer Ratio: 2 HDFC Reward Points = 1 ALL Reward Point (2:1)
- Forex Fee: 2% + taxes
- Rewards & Benefits:
- 2X reward points on Weekend Dining
- 6 Complimentary golf games per quarter
- Spend of equal or more than ₹4 lakh in a quarter and get 10,000 bonus reward points
- Unlimited lounge access both domestic and international
To apply for the card, please visit the Official Website
2. HDFC Regalia Gold Credit Card
- Joining Fee: ₹2,500 + GST
- Annual Fee: ₹2,500 + GST
- Accor ALL Transfer Ratio: 2 HDFC Reward Points = 1 ALL Reward Point (2:1)
- Forex Fee: 2% + taxes
- Rewards & Benefits:
- 10X points reward points on Hotel and Flight Bookings
- 5X points on Instant Vouchers
- 3 domestic lounge visits per quarter on a spend condition of ₹60,000 and 6 international lounge visits per year via Priority Pass.
To apply for the card, please visit the Official Website
3. SBI Card Miles Elite
- Joining Fee: ₹4,999 + GST
- Annual Fee: ₹4,999 + GST
- Accor ALL Transfer Ratio: 2 SBI Travel Credits = 1 ALL Reward Point (2:1)
- Forex markup: 1.99% + GST
- Rewards & Benefits:
- Welcome benefit of 5,000 Travel Credits on ₹1 lakh spent within 60 days.
- Milestone 20,000 bonus Travel Credits on ₹12 lakh annual spend and annual fee waiver at ₹15 lakh spend
- 8 complimentary domestic lounge access visit every year, and complimentary international lounge access via priority pass
4. HSBC TravelOne Credit Card
- Joining Fee: ₹4,999 + GST
- Annual Fee: ₹4,999 + GST
- Fee waiver: Annual fee waived on ₹8 lakh or more annual spend
- Accor ALL Transfer Ratio: 1,000 HSBC Reward Points = 1,000 ALL Reward Points (1:1)
- Forex Fee: 3.5% + taxes
- Rewards & Benefits:
- 4 points per ₹100 on flights and travel aggregators which is capped at 50,000 accelerated points per month
- 6 domestic lounge visits per year and 4 international lounge visits per year.
5. HSBC Premier Metal Credit Card
- Joining Fee: ₹12,000 + GST
- Annual Fee: ₹20,000 + GST
- Accor ALL Transfer Ratio: 1,000 HSBC Reward Points = 1,000 ALL Reward Points (1:1)
- Forex Fee: 0.99%
- Rewards & Benefits:
- VIP shopping privileges at Bicester Village outlets.
- Complimentary dining perks via Mastercard privileges at select restaurants (Asia Pacific).
- Broader lounge access than TravelOne in most comparisons.
Sample Conversion: 10,000 Points or Travel Credits → Accor ALL Points
All in all
The April 2026 devaluation didn’t close the door on Accor for Indian cardholders, it just moved the best entry point from Axis to HSBC. Which of these five cards is best now depends less on the transfer ratio alone and more on where your everyday spending already sits.
