American Express PAYBACK® Credit Card vs Axis Bank Signature Credit Card with Lifestyle Benefits

• Earn multiple Points from more than 50 PAYBACK partners and 2 PAYBACK Points from American Express PAYBACK Credit Card for every Rs. 100 spent
• Milestone Benefits: Avail Flipkart vouchers worth Rs. 7,000 on spending Rs. 2.5 Lakh in a Card-membership year. Earn a Flipkart voucher worth Rs 2,000 on spending Rs. 1.25 Lakh in a Card-membership year. Additionally, earn a Flipkart voucher worth Rs. 5,000 on spending Rs. 2.5 Lakh in a Card-membership year
• Earn 2 PAYBACK Points for every Rs. 100 spent except for spend on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at Point of Sale. Boost the PAYBACK Points while shopping at over 50 PAYBACK partner brands
• The NEW American Express PAYBACK Credit Card provides a range of other exciting offers and privileges too. Other exciting offers are available on Fuel, Dining, Limited liability for card loss, Contactless Payment

• Based on your spending patterns and payment behaviours over a period of time, the unique flexible spending limit will allow you to spend over and above the assigned credit card limit at no additional charge
• From second year onwards, Annual Fee Rs. 3000 will be waived on the achievement of spends threshold of Rs. 3 Lakhs in the preceding year 
• On any transactions above Rs. 2500, contact the bank to convert it into EMIs
• Air Accident Cover up to Rs. 2,50,00,000
• Purchase Protection up to Rs. 1,00,000
• Loss Travel Document cover/Delay  of check-in baggage cover up to 300 USD
• Complimentary access to airport lounges in India 
• With Priority Pass access over 700 VIP lounges in over 90 countries and  275 cities. Only the membership to the Priority Pass Program is complimentary
• 50% Cashback on movie tickets purchased through BookMyShow. Maximum Cashback in a calendar year is limited to Rs. 2000
• Discover unique  delectable cuisines with Axis  Bank Dining Delights that  offers  15% off at partnered restaurants in India 
• Fuel surcharge refund valid on transactions between Rs.  400 and Rs. 4000 only. Maximum benefits up to Rs. 400 per month
• Earn EDGE REWARD points for transactions and use them to redeem from 500+ rewards and offers
• Earn 10 points on Domestic spends for every Rs. 200
• Earn 20  points on International spends for every Rs. 200
• 100  points on  the first online transaction 

Pros

• Get rewarded on all your spends
• Reasonable Joining Fees

Cons

• No Fuel Surcharge Wavier
• No complimentary Airport Lounge Access

Pros

• Avail Gift Vouchers from top brands
• Earn 10/20 points for every Rs. 200 spent on Domestic/International spends
• Obtain Air Accident Insurance Cover 

Cons       

• The joining fee is Rs. 5000, which's higher than Axis Bank Privilege Credit Card