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Loyalty Program Devaluation Index
Latest prices: October 2026Checked Oct 16 – Oct 21, 2026Site updated Oct 21, 2026Next update: November 2026
Programs / Air India Maharaja Club

Air India Maharaja Club

Air India Maharaja Club is an airline program based in Asia-Pacific. In October 2026 (prices checked October 16–21), one Air India Maharaja Club mile bought a median of 2.58¢ of travel across 6 priced searches on the same 3 flights checked every month; on the 6 searches priced in both September and October, its value rose 8.7%. One mile bought 2.21¢ in September and 2.11¢ in August.

What 50,000 miles bought$1,291 in October$1,107 in September · $1,053 in August
Change since September+8.7%on the 6 searches priced in both months, each compared with itself
Change since August+12.4%each month’s same-search change, chained over 3 months
Checks with a price18 of 18every search returned a price
Table 1. About Air India Maharaja Club · as of Aug 13, 2026
Publishes an award chart?YesSee the source
Did prices in miles change?No, all 3 items heldacross 18 mile prices seen
Need an account to see prices?YesYou must sign up before it shows an award price
Partner programs to redeem with25See the source
Credit card points that transfer inNone tracked
Published valuationsTPG: none · NerdWallet: noneHow these compare

Notes from collection: “points calculator functioning as a chart, works the same way. range chart, doesn't show an exact award fare. needed sign up for awards price”

Item by item

What one mile bought on each flight, every month. Each item is checked twice: about 60 days before travel and about 180 days before.

Booked ~60 days aheadBooked ~180 days ahead× no price that month
Chart 1. Delhi → Dubai
DEL–DXB · Economy
1.07¢2.11¢4.14¢AugSepOct
Chart 2. Delhi → New York
DEL–JFK · Economy
1.07¢2.11¢4.14¢AugSepOct
Chart 3. Delhi → New York
DEL–JFK · Business
1.07¢2.11¢4.14¢AugSepOct

All 3 charts share one scale, so their heights compare directly.

Chart 4. Every check compared with published valuations · 18 checks
Each checkMiddle checkTPGNerdWalletCents per point.
1.5¢2¢3¢

Grey dots are individual checks. The white tick is the middle value. TPG and NerdWallet each publish one number per program; this index shows the whole range.

Every check, with its screenshot

Each row is one search. Click a thumbnail to open the screenshot it came from: “a” is the points search, “c” the cash search.

  • Delhi → Dubai · Economy1.71¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    12,000 points · cash INR 19,672.00 (≈ $206)
  • Delhi → Dubai · Economy2.21¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    12,000 points · cash INR 25,432.00 (≈ $266)
  • Delhi → New York · Business2.50¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    130,000 points · cash INR 310,783.00 (≈ $3,247)
  • Delhi → New York · Business3.03¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    130,000 points · cash INR 376,781.00 (≈ $3,937)
  • Delhi → New York · Economy1.33¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    40,000 points · cash INR 51,020.00 (≈ $533)
  • Delhi → New York · Economy2.00¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    40,000 points · cash INR 76,409.00 (≈ $798)
  • Delhi → Dubai · Economy1.59¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    12,000 points · cash INR 18,038.00 (≈ $191)
  • Delhi → Dubai · Economy2.57¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    12,000 points · cash INR 29,163.00 (≈ $309)
  • Delhi → New York · Business2.70¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    130,000 points · cash INR 331,634.00 (≈ $3,510)
  • Delhi → New York · Business3.60¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    130,000 points · cash INR 442,218.00 (≈ $4,680)
  • Delhi → New York · Economy1.26¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    40,000 points · cash INR 47,769.00 (≈ $506)
  • Delhi → New York · Economy1.85¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    40,000 points · cash INR 70,113.00 (≈ $742)
  • Delhi → Dubai · Economy2.48¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    12,000 points · cash INR 28,127.00 (≈ $297)
  • Delhi → Dubai · Economy3.18¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    12,000 points · cash INR 36,133.00 (≈ $382)
  • Delhi → New York · Business2.69¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    130,000 points · cash INR 330,830.00 (≈ $3,493)
    “1 stop FCO 1h 30mins, AI both legs”
  • Delhi → New York · Business2.69¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    130,000 points · cash INR 330,830.00 (≈ $3,493)
    “anchoring effect present”
  • Delhi → New York · Economy1.65¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    40,000 points · cash INR 62,385.00 (≈ $659)
    “1 stop FCO 1h 30mins, AI both legs”
  • Delhi → New York · Economy1.65¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    40,000 points · cash INR 62,385.00 (≈ $659)
    “anchoring effect present”
MonthItemBookedPointsPlus cashCash priceOne pointScreenshotsNotes
Aug (R1)
checked Aug 17
Delhi → Dubai · Economy~60 days
Oct 14 · 58d
12,000INR 19,672.00
≈ $206
1.71¢
Aug (R1)
checked Aug 17
Delhi → Dubai · Economy~180 days
Feb 10 · 177d
12,000INR 25,432.00
≈ $266
2.21¢
Aug (R1)
checked Aug 17
Delhi → New York · Business~60 days
Oct 14 · 58d
130,000INR 310,783.00
≈ $3,247
2.50¢
Aug (R1)
checked Aug 17
Delhi → New York · Business~180 days
Feb 10 · 177d
130,000INR 376,781.00
≈ $3,937
3.03¢
Aug (R1)
checked Aug 17
Delhi → New York · Economy~60 days
Oct 14 · 58d
40,000INR 51,020.00
≈ $533
1.33¢
Aug (R1)
checked Aug 17
Delhi → New York · Economy~180 days
Feb 10 · 177d
40,000INR 76,409.00
≈ $798
2.00¢
Sep (R2)
checked Sep 4
Delhi → Dubai · Economy~60 days
Nov 4 · 61d
12,000INR 18,038.00
≈ $191
1.59¢
Sep (R2)
checked Sep 4
Delhi → Dubai · Economy~180 days
Mar 3 · 180d
12,000INR 29,163.00
≈ $309
2.57¢
Sep (R2)
checked Sep 4
Delhi → New York · Business~60 days
Nov 4 · 61d
130,000INR 331,634.00
≈ $3,510
2.70¢
Sep (R2)
checked Sep 4
Delhi → New York · Business~180 days
Mar 3 · 180d
130,000INR 442,218.00
≈ $4,680
3.60¢
Sep (R2)
checked Sep 4
Delhi → New York · Economy~60 days
Nov 4 · 61d
40,000INR 47,769.00
≈ $506
1.26¢
Sep (R2)
checked Sep 4
Delhi → New York · Economy~180 days
Mar 3 · 180d
40,000INR 70,113.00
≈ $742
1.85¢
Oct (R3)
checked Oct 16
Delhi → Dubai · Economy~60 days
Dec 16 · 61d
12,000INR 28,127.00
≈ $297
2.48¢
Oct (R3)
checked Oct 16
Delhi → Dubai · Economy~180 days
Apr 14 · 180d
12,000INR 36,133.00
≈ $382
3.18¢
Oct (R3)
checked Oct 16
Delhi → New York · Business~60 days
Dec 16 · 61d
130,000INR 330,830.00
≈ $3,493
2.69¢
1 stop FCO 1h 30mins, AI both legs
Oct (R3)
checked Oct 16
Delhi → New York · Business~180 days
Apr 14 · 180d
130,000INR 330,830.00
≈ $3,493
2.69¢
anchoring effect present
Oct (R3)
checked Oct 16
Delhi → New York · Economy~60 days
Dec 16 · 61d
40,000INR 62,385.00
≈ $659
1.65¢
1 stop FCO 1h 30mins, AI both legs
Oct (R3)
checked Oct 16
Delhi → New York · Economy~180 days
Apr 14 · 180d
40,000INR 62,385.00
≈ $659
1.65¢
anchoring effect present

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