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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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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?
HSBC has messed up crediting cashback since this April. Till March they were crediting on time.
 
Yes. 1st statement. Even the joining fee got charged at the same time as cashback credit
My joining fee is deducted but no cashback is credited and when asked the customer care they provided the breakup but told I will get it when the 3rd statement is generated
 
Post VKYC in how many days is card allotted and delivered?
Tried to go through 4-5 pages but could not find the answer to my question. TIA
 
What is the minimum transaction amount for grocery payments to earn 10% cashback?
Or is that cashback calculated as cumulative spend in a statement cycle (similar to Tata Neu cards)?
 
Yes. 1st statement. Even the joining fee got charged at the same time as cashback credit
i also received my first cashback on June 7th along with annual fee being charged. first statement date was 22nd May. card approval was 22 April.
these stupid people don't send sms when cashback gets credited i just found out by logging into their app for which they send annoying sms saying i logged in
 
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i also received my first cashback on June 7th along with annual fee being charged. first statement date was 22nd May. card approval was 22 April.
these stupid people don't send sms when cashback gets credited i just found out by logging into their app for which they send annoying sms saying i logged in
lmao thank you for this I didn't get any sms /email about cashback either, but I just checked in the app (which will send you email and sms after logging in) and the cashback for May24 Statement (STATEMENT Period 04 APR 2024 To 03 MAY 2024), an amount of 247.6 was credited on June 4th.

I got 10% for all DMart transactions and swiggy, one swiggy transaction I made on the old HSBC Platinum (1681rs) before flipping
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What is the minimum transaction amount for grocery payments to earn 10% cashback?
Or is that cashback calculated as cumulative spend in a statement cycle (similar to Tata Neu cards)?
No minimum amount. Doesn’t make any difference if it’s calculated cumulative or not.
 
lmao thank you for this I didn't get any sms /email about cashback either, but I just checked in the app (which will send you email and sms after logging in) and the cashback for May24 Statement (STATEMENT Period 04 APR 2024 To 03 MAY 2024), an amount of 247.6 was credited on June 4th.

I got 10% for all DMart transactions and swiggy, one swiggy transaction I made on the old HSBC Platinum (1681rs) before flipping
View attachment 56973
ikr just because of the annoying sms and email i stopped checking their app. glad to know others are irritated by this as well
 
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Reactions: R@J
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