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.

 

[the_collector]

1. yes you can get both
2. new limit will be assigned
I'd 374k in my platinum CC, got 150k for cashback CC

Perfect thanks !

And any idea if ive to give any documentation and go through vkyc again when I apply for a fresh application for the CB card?

 

[krishc]

Perfect thanks !

And any idea if ive to give any documentation and go through vkyc again when I apply for a fresh application for the CB card?

I didn't need to do vkyc again
they did ekyc based on my existing relationship
but this can vary case by case, so can't confirm

 

[Animal]

I didn't need to do vkyc again
they did ekyc based on my existing relationship
but this can vary case by case, so can't confirm

Even I didn’t have to go through VKYC, was already holding VISA Platinum. They shared one form which you have to fill online and submit. For me it took around 2-3 weeks for card approval and delivery.

 

[BhaiyaJi]

Even I didn’t have to go through VKYC, was already holding VISA Platinum. They shared one form which you have to fill online and submit. For me it took around 2-3 weeks for card approval and delivery.

For me its been around 3 months now, but there is no update on credit card application yet.

 

[MS R]

Guys, will the OTP for HSBC add on cards be sent to the primary card holder or the add on card holder?

I have 2 HSBC add on cards... otp comes to my number

 

[Animal]

For me its been around 3 months now, but there is no update on credit card application yet.

Call CC and check. Are you salaried or self employed?

 

[BhaiyaJi]

Call CC and check. Are you salaried or self employed?

Salaried, current platinum has 7.9L limit. Used to call CC in January for the status but always received the same reply. Have stopped following.

 

[RAMESH BABU N]

For me its been around 3 months now, but there is no update on credit card application yet.

HSBC normally does not send any email or SMS informing a NO.

 

[RAMESH BABU N]

Salaried, current platinum has 7.9L limit. Used to call CC in January for the status but always received the same reply. Have stopped following.

You may choose to send your documents (3 months salary slips, etc., .....) again to digital.leads@hsbc.co.in and after one or two hours, call their CC number.

 

[Animal]

My HSBC CASHBACK statement got generated today. I don’t see any cashback for last statement spends. Is anyone else having the same issue?

I was expecting around 300 cashback.

 

[MS R]

My HSBC CASHBACK statement got generated today. I don’t see any cashback for last statement spends. Is anyone else having the same issue?

I was expecting around 300 cashback.

in 45 days

 

[Animal]

in 45 days

I’ve been getting cashback in every statement since Dec 2023. Cashback is missing only in this month’s statement.

 

[lhgeek]

Does the statement also include cashback breakup/breakdown?

 

[Animal]

Does the statement also include cashback breakup/breakdown?

No. It’s cumulative.

 

[MS R]

I’ve been getting cashback in every statement since Dec 2023. Cashback is missing only in this month’s statement.

same for me

 

[krishc]

I've not received cashback this month as well
guess they messed up something or taking leaves out of the book of a*is

 

[Animal]

Looks a common issue across users.

 

[Animal]

Called CC and raised a complaint. Need to wait for a week.

 

[Nitin13]

Hello All,

I had applied for HSBC Cashback CC last month and it got approved and Card got delivered on 21st March. Got my first HSBC Credit Card Statement on 13th April 2024. However, in the Statement there is no mention of Cashback anywhere for my spends for last and current month.

How can i get to know how much Cashback I earned through the HSBC Cashback CC and when it will be credited? Thank you.

 

[Animal]

C

Hello All,

I had applied for HSBC Cashback CC last month and it got approved and Card got delivered on 21st April. Got my first HSBC Credit Card Statement on 13th April 2024. However, in the Statement there is no mention of Cashback anywhere for my spends for last and current month.

How can i get to know how much Cashback I earned through the HSBC Cashback CC and when it will be credited? Thank you.

Cashback gets credited 20 days after statement generation. You’ll see cumulative cashback in the next statement.