HDFC Bank is cutting down the accelerated rewards on Gyftr gift voucher purchases made via its SmartBuy portal for Infinia credit cardholders. This change is effective January 16, 2026 and means you’ll now earn 3X reward points instead of 5X on Gyftr buys.
What’s Changing?
Until Jan 15, 2026:
• Infinia cardholders earned 5X points (1X base + 4X bonus) on gift vouchers via Gyftr on SmartBuy — one of the most attractive accelerated rewards on the card.
From Jan 16, 2026:
• Accelerated points drop to 3X (1X base + 2X bonus) for Gyftr voucher purchases on SmartBuy.
Practically, this means instead of earning 5 points per ₹1 on qualifying voucher buys, you’ll now earn only 3 points per ₹1.
Why This Matters
- Lower bonus earnings: Points collected on voucher buys directly influence your rewards accumulation, especially if you used SmartBuy frequently for gift cards.
- Value impact: While 3X still gives productive value, the cut from 5X reduces your effective rewards rate on these purchases.
- SmartBuy still useful: SmartBuy Gyftr remains a way to earn accelerated points — just not as generous for Infinia holders now.
Quick Take
Starting January 16, 2026, HDFC Infinia credit cardholders will see a reward devaluation on Gyftr gift voucher purchases via SmartBuy — dropping from 5X to 3X reward points. It’s a downgrade for power users of the SmartBuy program, but SmartBuy accelerated points remain a valuable perk overall.