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.

 

[krishc]

Applied to HSBC Cashback via Cashkaro but since I already hold another HSBC card, hsbc detected it and told me someone will contact me regarding cashback card. Would I be eligible for Cashkaro rewards in that case? What about the amzb pay voucher of 250rs given by hsbc for completing it online?

for me first part applied and I got the cashkaro rewards
but second part doesn't apply for existing customers

 

[krishc]

In this forum, someone commented that HSBC charges annual fee in the penultimate month of the year.
Here I've been charged annual fee in the second month itself 😑😑😑

 

[hellobois]

Applied to HSBC Cashback via Cashkaro but since I already hold another HSBC card, hsbc detected it and told me someone will contact me regarding cashback card. Would I be eligible for Cashkaro rewards in that case? What about the amzb pay voucher of 250rs given by hsbc for completing it online?

In this forum, someone commented that HSBC charges annual fee in the penultimate month of the year.
Here I've been charged annual fee in the second month itself 😑😑😑

I was also told my the CC that joining fee will be levied in second month's statement and cashback will be credited in third month.
Have you received your cashback for first month statement?

 

[krishc]

Have you received your cashback for first month statement?

Not yet 😶
second month running for me

 

[hellobois]

Not yet 😶
second month running for me

Have you completed 10000 in 30 days for additional 1000 cashback?

 

[Animal]

In this forum, someone commented that HSBC charges annual fee in the penultimate month of the year.
Here I've been charged annual fee in the second month itself 😑😑😑

That’s joining fee, not annual fee.

 

[Animal]

I was also told my the CC that joining fee will be levied in second month's statement and cashback will be credited in third month.
Have you received your cashback for first month statement?

Cashback is posted after 20 days of statement generation. For me 1st statement was generated on 15 Nov and cashback was posted on 5 Dec.

 

[krishc]

Have you completed 10000 in 30 days for additional 1000 cashback?

Yes done that

 

[hellobois]

MCC for 10% CB on HSBC CB card. Pls add more in this list.

5411	Grocery Stores, Supermarkets

5813	Drinking Places (Alcoholic Bev) - Bars, Taverns

5814	Fast Food Restaurants

5812	Eating Places and Restaurants

5462

Bakeries

5499	Misc Food/Convenience Stores/Speciality Markets

 

[redcarpet]

If we exhaust the 10% cap of Rs 1000, further spends on groceries and dining would still fetch 1.5% right?

 

[pprakash11]

If we exhaust the 10% cap of Rs 1000, further spends on groceries and dining would still fetch 1.5% right?

mostly no .

 

[Animal]

If we exhaust the 10% cap of Rs 1000, further spends on groceries and dining would still fetch 1.5% right?

Yes it should. Better confirm with CC.

 

[akshayhs]

mostly no .

I agree with this. Because it says all other spends will get 1.5%.

 

[shutapdiya]

MCC for 10% CB on HSBC CB card. Pls add more in this list.

5411	Grocery Stores, Supermarkets

5813	Drinking Places (Alcoholic Bev) - Bars, Taverns

5814	Fast Food Restaurants

5812	Eating Places and Restaurants

5462

Bakeries

5499	Misc Food/Convenience Stores/Speciality Markets

where did you find these details?

 

[hellobois]

where did you find these details?

HSBC CC+ rupay website. Both are same. These are standard one.

 

[shutapdiya]

HSBC CC+ rupay website. Both are same. These are standard one.

It is not necessary that all MCCs on Rupay Website are included for 10% CB by HSBC

whatever HSBC Customer support has told should be only considered, they should put list of eligible MCC in Card Features webpage

 

[margan]

Do we get cashback on this card, if we pay via eazydiner/paytm deals etc ?
will these be considered as restaurant spend ? or diff/excl MCC : (


Kindly clarify if anyone has tried and got CB ... Thanks.

 

[Animal]

Do we get cashback on this card, if we pay via eazydiner/paytm deals etc ?
will these be considered as restaurant spend ? or diff/excl MCC : (


Kindly clarify if anyone has tried and got CB ... Thanks.

I’ve tried Swiggy Dineout and got CB.

 

[kesarkarshri]

They accept only Adhaar as address proof in vkyc. No other address proof will do.not even passport. Only apply if your current address is same as aadhar address.

 

[kunal.exe]

They accept only Adhaar as address proof in vkyc. No other address proof will do.not even passport. Only apply if your current address is same as aadhar address.

Not true, atleast in my case. My current and Aadhar address both are different and they delivered card on my current address.