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.

 

[tachniki]

I think you meant 'does higher limit affect credit limit score? (If not used)'

Yes. Correct now. Thanks.

Answer is yes, but in a good way. More unused limit will reduce your overall credit utilisation ratio

This is good news.

 

[harshgupta940]

Hi,

I got live plus card in second attempt. Applied via cashkaro this time. Card limit seems to be way high. Is this usual for HSBC? Does higher limit affects credit score (if not used)?

Regards,
Nitin

The limit in my case was 4*(Net Monthly Income) check yours and tell if this formula holds true.

 

[tachniki]

The limit in my case was 4*(Net Monthly Income) check yours and tell if this formula holds true

For me, it is about 3 times of monthly take home.

 

[krishc]

For me, it is about 3 times of monthly take home.

while I got about same limit as take home when I got the card last year
while I already had the Platinum card with limit 2.5x of that

 

[harshmore]

Can someone plz tell me if this gives 10% on patanjali arogya kendra (patanjali stores), sampoorna super market and amazon fresh and ratnadeep super market

 

[Fracture_fixer]

Any live+ users using their card on Eazydiner?? There is inbuilt 15% billpay offer for hsbc cards. Can we use live+ and double dip??

 

[kesarkarshri]

Any live+ users using their card on Eazydiner?? There is inbuilt 15% billpay offer for hsbc cards. Can we use live+ and double dip??

Used it this month. Minimum bill amount is 2500 and showed up to 500 discount and one time per month. I think double dip is probably there but can't confirm as bill was ~1450 .Also, if I remember correctly , minimum bill amount was 1500 with 15% discount for Indusind non-eazydiner cards at that time and there were offers on other cards too. So if bill was > 1500, would have used Indusind card.

 

[Sriim]

Update - Cashback is being posted 1 day after statement generation from September onwards under the name rewards credit

They had initially done it partly in august.

But the change is complete from September onwards

 

[pprakash11]

Update - Cashback is being posted 1 day after statement generation from September onwards.

They had initially done it partly in august.

But the change is complete from September onwards

Is it posted as REWARDS CREDIT ?

 

[tachniki]

When is 1000 cashback credited for spending 20k in first 30 days?

 

[pprakash11]

When is 1000 cashback credited for spending 20k in first 30 days?

That's not ₹1000 cashback. That's ₹1000 Amazon Gift Card, will be getting within 60 days

 

[tachniki]

That's not ₹1000 cashback. That's ₹1000 Amazon Gift Card, will be getting within 60 days

It is mentioned as cashback on their site.

 

[Sriim]

Is it posted as REWARDS CREDIT ?

Y e s

 

[Sriim]

That's not ₹1000 cashback. That's ₹1000 Amazon Gift Card, will be getting within 60 days

It's 1000 cashback now

 

[tachniki]

It's 1000 cashback now

Will you know when does that get credited?

 

[PavanPavan is verified member.]

is there any minimum transaction amount?
And when they post cashback for a statement
Please help

 

[Sriim]

Will you know when does that get credited?

We received the 1000 amazon voucher between 30-60 days. Should be the same timeline I guess

 

[pprakash11]

It's 1000 cashback now

LOL. Just checked, I forgot actually.
Means will be getting ₹2000, One for primary & One for ADD-ON

 

[pprakash11]

is there any minimum transaction amount?
And when they post cashback for a statement
Please help

They have started posted cashback next day of statement generation.

No minimum transaction amount, HSBC sums up eligible MCCs transaction and applied 10% / 1.5% at last to calculate final cashback

 

[PavanPavan is verified member.]

W

They have started posted cashback next day of statement generation.

No minimum transaction amount, HSBC sums up eligible MCCs transaction and applied 10% / 1.5% at last to calculate final cashback

Seems after SC this is the best