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.

 

[Vasuki]

500th comment

 

[krishc]

It should be from date of activation. Please raise complaint with RBI.
Let say if card takes 15 daya to deliver then you have only 15 days remaining.
Better raise complaint

It's been 5 months already, don't want to drag things this late.
Besides they made a mistake in tracking and paid me twice for C*sh*aro which is a net profit for me.

 

[hellobois]

yes , this is very controversial
I missed this 1k because of 2 days
as they counted from date of card approval
whereas I counted from card activation

Same here. Very confusing and cunning technique by HSBC Bank

 

[Pack_of_Cards]

Second card can be ordered via cc or needs to be applied again?

Need to be applied, its a altogether different card.

 

[harshgupta940]

Same here. Very confusing and cunning technique by HSBC Bank

I applied for my card on 10th May got it approved on 15th and completed txns worth 10k on 1 June. I believe I should be eligible for the 1000 rs voucher because I completed the completely settled txns within 30 days of card application only.

 

[mithil_thesailor]

I received my card in the last week. I'm unable to change my mobile number through the App as the OTP just before mobile number EDIT doesnot come to my mobile!!
All other OTPs are getting delivered normally - just the change contact one is not coming. Anyone else too faced such issue?

I had the same issue. Connect with the customer care on HSBC app. They assisted me.

 

[|V|]

My 1st cashback just arrived. I can confirm 10% cashback on following purchases. Hope this helps someone..

• Swiggy
• Zomato Dining payment
• Local vegetable shop
• mc donalds
• Zepto
• Reliance Smart
• big basket
• Zomato delivery
• Subway
• JioMart

 

[harshgupta940]

My 1st cashback just arrived. I can confirm 10% cashback on following purchases. Hope this helps someone..

• Swiggy
• Zomato Dining payment
• Local vegetable shop
• mc donalds
• Zepto
• Reliance Smart
• big basket
• Zomato delivery
• Subway
• JioMart

In how many days from the statement generation did you get the cashback?
Also does customer care helps in telling the bifurcation?

 

[pprakash11]

In how many days from the statement generation did you get the cashback?
Also does customer care helps in telling the bifurcation?

You need to calculate yourself basis respective MCCs.
Customer care will tell which Mcc is tagged with a particular transaction

 

[Animal]

In how many days from the statement generation did you get the cashback?
Also does customer care helps in telling the bifurcation?

Do your own calculation first. If numbers don’t match, call customer care and ask.

 

[harshgupta940]

Do your own calculation first. If numbers don’t match, call customer care and ask.

Just asked the customer care and got to know a that if you are a new card customer then there is some lock-in of 2 statement Cycle which means I will get this month's cashback on my 3rd statement generation. Also she told me how much cashback I will receive on asking for some transactions.

 

[|V|]

In how many days from the statement generation did you get the cashback?
Also does customer care helps in telling the bifurcation?

statement on 22nd May, Cashback on 7th June !

 

[arone]

statement on 22nd May, Cashback on 7th June !

22nd may was first statement?

Just asked the customer care and got to know a that if you are a new card customer then there is some lock-in of 2 statement Cycle which means I will get this month's cashback on my 3rd statement generation. Also she told me how much cashback I will receive on asking for some transactions.

coz as per above we only get after 3rd statment

 

[Aditya12]

I got card in March and have 2 bills generated till now (Apr 27, May 27) but haven't received any cashback as of now or the 1000 amazon voucher. From what I understand I should have received cashback for April as most of you said cashback is received within 10-20 days of last billing date. Should I wait more?

Received cashback today June 7. Second statement had generated on May 27th.

 

[MJN]

My 1st cashback just arrived. I can confirm 10% cashback on following purchases. Hope this helps someone..

• Swiggy
• Zomato Dining payment
• Local vegetable shop
• mc donalds
• Zepto
• Reliance Smart
• big basket
• Zomato delivery
• Subway
• JioMart

Note :

Card generated - 22nd April
1st statement - 6th May
2nd statement - 6th June

Recieved cashback Rs 522.08 on 7th June for the May'24 statement which I had spent Rs 13059 in Total;
( Transactions Apr 22 to May 6)


MCC / Category/ Cashback
5499 / Swiggy online food delivery/ 10%

5812 / Dining / 10%

7011 / Hotels / 1.5% ( Its actually restaurant only, But they had 'Hotels' as their description - so only 1.5%)

5462 / Bakeries / 1.5% ( Its actually restaurant only, But they had 'Bakeries' as their description - so only 1.5%)

6540 / Slice (Add Money) / 0% (Since EWallet)

4900 / Snapay (Utilities)/ 1.5%

Attached here HSBC MCC CATEGORY EXCLUSIONS AND DETAILED MCC FILE FOR ALL YOUR REFERENCE

 

[harshgupta940]

I have some queries

Note :

Card generated - 22nd April
1st statement - 6th May
2nd statement - 6th June

Recieved cashback Rs 522.08 on 7th June for the May'24 statement which I had spent Rs 13059 in Total;
( Transactions Apr 22 to May 6)


MCC / Category/ Cashback
5499 / Swiggy online food delivery/ 1.5%

5812 / Dining / 10%

7011 / Hotels / 1.5% ( Its actually restaurant only, But they had 'Hotels' as their description - so only 1.5%)

5462 / Bakeries / 1.5% ( Its actually restaurant only, But they had 'Bakeries' as their description - so only 1.5%)

6540 / Slice (Add Money) / 0% (Since EWallet)

4900 / Snapay (Utilities)/ 1.5%


Does 5499 Swiggy online food delivery gets 1.5% only?

Attached here HSBC MCC CATEGORY EXCLUSIONS AND DETAILED MCC FILE FOR ALL YOUR REFERENCE

As per the above mcc list you should get 10% only. Did any Customer Care executive tell you that you have received 1.5% on this?

Please refer to this thread

 

[MJN]

View attachment 56509
As per the above mcc list you should get 10% only. Did any Customer Care executive tell you that you have received 1.5% on this?

Please refer to this thread

S .. They said like that only..5499 is Miscellaneous store

But just now calculated.. I got 10%.. Thanks

 

[harshgupta940]

S .. They said like that only..5499 is Miscellaneous store

But just now calculated.. I got 10%.. Thanks

The executive you talked to might be confused. Also your bakeries txn might also have got 10% if I am not wrong.

 

[MJN]

The executive you talked to might be confused. Also your bakeries txn might also have got 10% if I am not wrong.

Y E S

 

[wapenshaw]

I have had 2 statements so far, one on 4th may other on 4th june, I have however not received any cashback on any :| what the hell when will I get? mid june?