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HSBC Live+ Credit Card Review | HSBC Cashback Credit Card Rebranded

Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 15th July, 2024.
HSBC revamped their Cashback Credit Card back in December 2023, and I would say it stood out as an exception in a season of brutal devaluations. Since earning points for travel is becoming increasingly difficult, many people are shifting to cashback credit cards to enhance their value back. Now, in July 2024, they have just rebranded their Cashback Credit Card as the Live+ Credit Card with a fresh design. In terms of benefits, nothing has actually changed.

Here's a quick review of this great credit card from HSBC Bank!



Charges and Welcome Benefits​

Joining Fees​
₹999 + GST​
Welcome Benefits​
Amazon voucher worth ₹1000 on spending ₹10000 within the first 30 days​
Annual Fees​
₹999 + GST​
Annual Benefits​
NIL​
Annual Fee Waiver​
Spend ₹2L on your card in a year for an annual fee waiver*.
Add-on Fees​
NIL​
Card Category​
Cashback​
The welcome voucher compensates the joining fee but there will be no annual benefits for paying the annual fees.

Reward Rate​

Spends Area
CashbackRate
Capping
All dining, food delivery and grocery spends​
10%​
₹1000​
All Other Spends*​
1.50%​
Unlimited​
  • *Cashback cannot be earned on transactions made on Fuel, e-wallets, rental payments, Business to Business transactions, education and government payments, Insurance, Jewelry and antique items, Gambling, Tolls and Bridge Fees, Financial and Non-Financial Institutions, Security Broker Services, Collection Agencies, Charity, Money Transfers and Wholesale Clubs.​
  • Your cashback will be credited within 45 days after the statement generation date​
  • No cash-back redemption fee is applicable​

Other Benefits​

Airport Lounge Access​

Domestic Airport Lounge Access
Complimentary Limit – 4 Visits/ Calendar year (1 per quarter) within India only for primary cardholders.
Access Via – Credit Card

Fuel Surcharge Waiver​

No fuel surcharge waiver is applicable on this card.

Forex Markup​

Forex markup charges are applicable of 3.5%+GST.

Eligibility​

  • You must be aged between 18 to 65​
  • Your annual income must be at least INR400,000 per annum (for salaried individuals)​
  • You must be an Indian resident​
  • You must reside in any of the following cities: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, Pune​
HSBC Bank is currently only offering their credit cards to salaried individuals that too very strictly. If you are a self-employed individual then you may try your luck by opening a premium bank account against a huge NRV.

TechnoFino Recommends​

After the revaluation of the HSBC Cashback Credit Card back in December 2023, it became one of the best cashback cards for offline and online dining and grocery spends. The recent rebranding is just a name change to the Live+ Credit Card, but nothing has changed in terms of benefits. This is a simple, no-nonsense cashback card from HSBC Bank that caters to both groceries and dining at a flat 10% rate, which I would say is unprecedented. Earlier, Kotak was offering similar cashback on their Essentia and Delight Credit Cards with some conditions, but these have now been discontinued.

If you are looking for a great multi-utility card for all your grocery and dining spending then this card should be there in your wallet! Not to worry about the fees since in festive time reaching that upper cap on 10% cashback even for just one time will make your card free virtually for the year. This card is in direct competition with the HDFC Swiggy card now.

Are you planning to get this card? Tell us in the comments below about your experience.
 
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HSBC has recently revamped their Cashback Credit card and I would say it has been revalued as an exception in this season of brutal devaluations. Since earning points for travel is again becoming difficult many people are shifting to cashback credit cards to bump up their valueback.

Here's a quick review of this great credit card from HSBC Bank!



Charges and Welcome Benefits​

Joining Fees​
₹999 + GST​
Welcome Benefits​
Amazon voucher worth ₹1000 on spending ₹10000 within the first 30 days​
Annual Fees​
₹999 + GST​
Annual Benefits​
NIL​
Annual Fee Waiver​
Spend ₹2L on your card in a year for an annual fee waiver*.
Add-on Fees​
NIL​
Card Category​
Cashback​
The welcome voucher compensates the joining fee but there will be no annual benefits for paying the annual fees.

Reward Rate​

Spends Area
CashbackRate
Capping
All dining, food delivery and grocery spends​
10%​
₹1000​
All Other Spends*​
1.50%​
Unlimited​
  • *Cashback cannot be earned on transactions made on Fuel, e-wallets, rental payments, Business to Business transactions, education and government payments, Insurance, Jewelry and antique items, Gambling, Tolls and Bridge Fees, Financial and Non-Financial Institutions, Security Broker Services, Collection Agencies, Charity, Money Transfers and Wholesale Clubs.​
  • Your cashback will be credited within 45 days after the statement generation date​
  • No cash-back redemption fee is applicable​

Other Benefits​

Airport Lounge Access​

Domestic Airport Lounge Access
Complimentary Limit – 4 Visits/ Calendar year (1 per quarter) within India only for primary cardholders.
Access Via – Credit Card

Fuel Surcharge Waiver​

No fuel surcharge waiver is applicable on this card.

Forex Markup​

Forex markup charges are applicable of 3.5%+GST.

Eligibility​

  • You must be aged between 18 to 65​
  • Your annual income must be at least INR400,000 per annum (for salaried individuals)​
  • You must be an Indian resident​
  • You must reside in any of the following cities: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, Pune​
HSBC Bank is currently only offering their credit cards to salaried individuals that too very strictly. If you are a self-employed individual then you may try your luck by opening a premium bank account against a huge NRV.

TechnoFino Recommends​

A simple no-nonsense cashback card from HSBC Bank which caters to both Groceries and Dining that too at a flat 10% rate which I would say is unheard of before. Earlier Kotak was offering such cashback on their Essentia and Delight credit cards with some conditions and now have been discontinued.

If you are looking for a great multi-utility card for all your grocery and dining spending then this card should be there in your wallet! Not to worry about the fees since in festive time reaching that upper cap on 10% cashback even for just one time will make your card free virtually for the year. This card is in direct competition with the HDFC Swiggy card now.

Are you planning to get this card? Tell us in the comments below about your experience.
HSBC should increase their Branches and Serviceable Areas if they want to bet big on Retail Banking sector else it will be just a wannabe HNI banking bubble waiting to burst like ABN AMRO.

They should also add new tiers of Credit Card products for their large HNI customer base.
 
HSBC should increase their Branches and Serviceable Areas if they want to bet big on Retail Banking sector else it will be just a wannabe HNI banking bubble waiting to burst like ABN AMRO.

They should also add new tiers of Credit Card products for their large HNI customer base.
credit card in India is not their primary focus.
If you look at their 2023 numbers (in India as well as Globally), they've turned the tables pretty well.
 
credit card in India is not their primary focus.
If you look at their 2023 numbers (in India as well as Globally), they've turned the tables pretty well.
Not confident enough to invest in it yet, but would definitely love to have their credit card.
 
How did u apply online or offline??
kind of both
as online application couldn't be completed due to their issue and it showed someone will call to complete the application
couple of hours later, got the call, she completed the application over call and couple of adobe e-sign
 
kind of both
as online application couldn't be completed due to their issue and it showed someone will call to complete the application
couple of hours later, got the call, she completed the application over call and couple of adobe e-sign
Thanks a lot
 
They were offering this card as LTF in my office today. Also, the sales executive claimed that the 1k Amazon voucher will be sent even for LTF card if you send 10k within 30 days.
 
They were offering this card as LTF in my office today. Also, the sales executive claimed that the 1k Amazon voucher will be sent even for LTF card if you send 10k within 30 days.
be careful about such LTF offers
double check if possible
AFAIK they're not even giving it LTF to their own employees
 
kind of both
as online application couldn't be completed due to their issue and it showed someone will call to complete the application
couple of hours later, got the call, she completed the application over call and couple of adobe e-sign
Hi, my application process has been similar to yours, after the adobe sign application completion step, what happens next, how to know whether card has been approved or not, do they call after adobe sign application step as well, can u share the details of process thereafter, sorry for too many queries, thanks in advance.
 
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