ICICI Bank American Express Business Essential Credit Card vs HDFC Moneyback Credit Card

• Key benefits: Joining bonus of 1,500 PAYBACK Points from ICICI Bank Rewards with additional annual bonus of 1,500 PAYBACK Points from ICICI Bank Rewards.

• Reward Points: Enjoy limitless reward-earning opportunities powered by PAYBACK, which is India’s largest and Europe’s most popular loyalty programme with every transaction as described below:

- 6 PAYBACK Points from ICICI Bank Rewards on every Rs 100 spent online

- 4 PAYBACK Points from ICICI Bank Rewards on every Rs 100 spent on dining & Airline transactions

- 4 PAYBACK Points from ICICI Bank Rewards on every Rs 100 spent on Hotel & Car Rental

- 2 PAYBACK Points from ICICI Bank Rewards on every Rs 100 spent on other spends (except fuel, utility and insurance)

• Reward points redemption: When you  desire to redeem your PAYBACK Points from ICICI Bank Rewards, you are provided with a worthy selection of rewards to choose from as described below:

Merchandise:

- Stylish accessories from Guess, Tommy Hilfiger and Calvin Klein. Classic time pieces from Omega. Raymond Weil and Tag Heuer

- Latest gadgets from Apple, Blackberry, Canon, Samsung and Sony Ericsson. Perfumes such as  Dunhill, 5th Avenue, Bvlgari and Carolina Herrara. These finest brands await for your indulgence

- Gift vouchers: You can redeem points for gift vouchers from Debenhams, Nautica, Jack and Jones, Taj Hotels Palaces & Resorts

- Air miles: Convert PAYBACK Points from ICICI Bank Rewards into air miles on Jet Airways Miles and more

• Culinary Treats: Drench your taste buds with various delicious treats at some of the leading restaurants in India and get avail great discounts. Save a minimum of 15% on dining bill at all participating restaurants. To view the complete list of restaurants, visit www.culinarytreats.com. You can also download the ICICI Bank Culinary Treats mobile app from (app store) or (google play) 
• American Express® SELECTS provides a broad range of special offers around the globe in travel, dining, shopping and entertainment. To view the current list of their offers, visit www.amexnetwork.com/selects
• Avail exclusive savings on ICICI Bank Business Essential Card
• Savings on fuel purchases: No fuel surcharge will be levied on fuel transactions up to Rs. 5,000 at HPCL petrol pumps (having ICICI Bank Point of Sale terminal) when you use your ICICI Bank American Express® Business Essential Credit Card
• Complimentary access to Railway Lounges and select lounges at airports in India with your ICICI Bank American Express® Business Essential Credit Card

• Annual Spend based benefit: By spending Rs. 50,000 and above in each calendar quarter, get Rs. 500 worth gift vouchers
• Renewal Offer: In the first year, spend Rs. 50,000 and above to get renewal membership fee waived off
• Get 2 Reward Points on every Rs. 150 spent 
• Get 2X Reward Points i.e. 4 Reward Points on every Rs. 150 spent online (With effect from 15th July 2020, cardholders can earn up to 500 Reward Points per statement cycle for online spends, under the 2X RP feature)
• Every quarter, get a gift voucher worth Rs. 500 on spends of Rs. 50,000. Earn up to Rs. 2,000 worth gift vouchers in a year
• Zero Lost card liability
• Up to 50 days of interest free period from the date of purchase
• Enjoy Revolving Credit at nominal interest rate
• Enjoy amazing dining benefits with Good Food Trail program. Get up to 20 % savings off on all restaurant bill payments via Swiggy Dineout (20k + restaurants). This offer is inclusive of Restaurant and Swiggy Discount. This offer is valid only on payments done via Swiggy App
• 1% Fuel Surcharge waiver on fuel transactions on minimum transaction of Rs. 400 and maximum transaction of Rs. 5,000
• Avail facility of converting big spends into EMI after purchase
• HDFC Bank MoneyBack Credit Card is enabled for contactless payments
• Reward Points can be used for redemption against travel benefits such as Flight and Hotel bookings, and the card members can redeem up to a maximum of 50% of the booking value through Reward Points and Rewards Catalogue at the SmartBuy Rewards Portal

Pros

• ICICI Business Essential has been specifically designed to deliver higher rewards catering to your business requirement
• Complimentary access to Railway Lounges and select lounges at airports in India with your ICICI Bank American Express® Business Essential Credit Card
• No fuel surcharge will be levied on fuel transactions up to Rs. 5,000 at HPCL petrol pumps (having ICICI Bank Point of Sale terminal) when you use your ICICI Bank American Express® Business Essential Credit Card

Cons

• No Golf/coaching sessions

To apply for ICICI Bank Credit Cards please click here

Pros

• Zero liability on the lost card if reported immediately
• With the EMV Chip technology presented in the card, stay protected against fraud
• Avail up to 50 days of the interest-free period from the date of purchase, and enjoy Revolving Credit at a nominal interest rate

Cons

• The Reward points are only valid for 2 years
• No complimentary Airport Lounge Access
• High-interest rate of 3.49%