IndusInd Bank PAYBACK Credit Card vs HDFC Bank Visa Signature Credit Card

• 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: Get the first-year’s membership free by spending Rs. 15,000 within the first 90 days
• Renew the membership for free by spending Rs. 75,000 in a year
• Enjoy the comfort of over 600 global airport
• Earn 2 reward points for every Rs. 150 spends
• Save up to Rs. 8300 on lounge access by getting complimentary Priority Pass membership worth $99 and fuel costs every year (assuming Rs. 6,000 on fuel per month)
• Get up to three add-on cards free for your family
• With the EMV Chip technology in the card, stay protected against fraud
• Zero liability on lost card
• Avail 50 days of interest-free credit 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

Pros

• Avail exciting rewards on dining, shopping, entertainment and more: 

1. Get 5 PAYBACK Points on every Rs.100 spent on groceries and shopping
2. Relish 5 PAYBACK Points on every Rs.100 spent on dining delights
3. Get 20 PAYBACK Points on every Rs. 100 spent on movie bookings
4. 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

• Enjoy the comfort of over 600 global airport
• Earn 2 reward points for every Rs. 150 spends
• Save up to Rs. 8300 on lounge access by getting complimentary Priority Pass membership worth $99 and fuel costs every year (assuming Rs. 6,000 on fuel per month)

Cons

• No golf benefits
• No insurance benefits
• No cashback offers