Welcome Gift includes getting rewarded with 1000 PAYBACK points as a Welcome Bonus and availing 10% Discount at Big Bazaar, Central, e-Zone, FBB, Brand factory & more with complimentary Future Privilege Membership
1% fuel surcharge across all petrol pumps in India
Auto assist
Complimentary personal air accident insurance cover of up to Rs 25 lakh
Avail ‘Total Protect’ facility which is a first-of-its-kind program that covers the individual for an amount equal to the credit limit on its card
Annual fees: Renew the membership for free by spending Rs. 50,000 in a year
Avail 2 reward points for every Rs. 150 spends
Redeem points for exclusive gifts and air miles through the bank’s exclusive MyRewards catalogue
Redeem the reward points for cash back against the outstanding amount on the Credit Card (100 Reward Points = Rs. 10)
Earn 50% more reward points as exclusive dining privileges
Fuel: Enjoy savings of up to Rs. 250 every billing cycle with a 100% fuel surcharge waiver
Zero liability on lost card
With the EMV Chip technology in the card, stay protected against fraud
Avail of 50 days of interest-free period from the date of purchase
Enjoy Revolving Credit at nominal interest rate
Cash advance fee: A fee of 2.5%, with a minimum of Rs. 500, is applicable on all cash withdrawals on the card
Editor's Review
Pros
Avail exciting rewards on dining, shopping, entertainment and more:
Get 5 PAYBACK Points on every Rs.100 spent on groceries and shopping
Relish 5 PAYBACK Points on every Rs.100 spent on dining delights
Get 20 PAYBACK Points on every Rs. 100 spent on movie bookings
While buying utilities, purchasing insurance and other miscellaneous items, except fuel, get 2 PAYBACK Points on every Rs. 100 spent
Gain privileges of doing free shopping when redeeming PAYBACK Points. Categories for this include movie tickets on BookMyShow.com, grocery from Big Bazaar, a shopping voucher from VoucherWorld, or for any product of the cardholder’s choice from the PAYBACK Rewards Catalogue and more
Avail 500 PAYBACK Points on spending Rs. 20,000 or more in a month. Avail 4000 PAYBACK Points on spending Rs. 2,00,000 or more in a membership year
Cons
No Airport Lounge Access
No Golf Privileges
Pros
Avail 2 reward points for every Rs. 150 spends
Redeem points for exclusive gifts and air miles through the bank’s exclusive MyRewards catalogue
Earn 50% more reward points as exclusive dining privileges
Cons
No golf benefits
No insurance benefits
No airport lounge access
More comparisions with IndusInd Bank PAYBACK Credit Card