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.

 

[Arpi]

Does HSBC consider cashback as repayment of dues?

 

[Sup]

W

which card is offering 3% cashback for offline spend?

the card I mentioned will launch in few months from now

 

[harshgupta940]

My Amazon Fresh transaction ended up with MCC 5399 and I did not get 10% cashback.

What was the merchant name?

 

[harshgupta940]

Does HSBC consider cashback as repayment of dues?

Yes it does, you get an email stating "you've received credits" and then the remaining amount due is the total amount due - the cashback. So you can pay the amount left after the cashback.

 

[harshgupta940]

As if now I feel super.money supercard plus will be best for offline spends with flat 3% cashback on all type of spends.

You can say it may give 3% as of now only but we never know the t&cs.

It may come with a clause of minimum 2k spent and as of now its only for scan and pay, so if a merchant has turned off rupay cc over upi then you cannot get 3% on normal pos swipe.

 

[Sup]

You can say it may give 3% as of now only but we never know the t&cs.

It may come with a clause of minimum 2k spent and as of now its only for scan and pay, so if a merchant has turned off rupay cc over upi then you cannot get 3% on normal pos swipe.

Every card comes with a clause but I'm optimistic that it will be consumer friendly.

 

[Sriim]

Does HSBC consider cashback as repayment of dues?

Y e s

 

[ontherocks]

You can say it may give 3% as of now only but we never know the t&cs.

It may come with a clause of minimum 2k spent and as of now its only for scan and pay, so if a merchant has turned off rupay cc over upi then you cannot get 3% on normal pos swipe.

Indeed. Moreover, more and more merchants are turning off Scan & Pay via Credit Cards. Surprising to see even malls doing this.

 

[harshgupta940]

Indeed. Moreover, more and more merchants are turning off Scan & Pay via Credit Cards. Surprising to see even malls doing this.

I have seen that only small merchants with AOV of below 500 or is kn Grocery category has it on while the merchants with high AOV and in different category has it turned off. Even Jewellers like Tanishq didn't had the option to pay via Rupay CC on UPI

 

[tachniki]

Does HSBC consider cashback as repayment of dues?

It does. Tested it last month.

 

[cardio_guy]

It does. Tested it last month.

Does HSBC Live+ give 10% for Swiggy genie? Any idea pls?

 

[tachniki]

Does HSBC Live+ give 10% for Swiggy genie? Any idea pls?

Not tried ever.

 

[ontherocks]

I have seen that only small merchants with AOV of below 500 or is kn Grocery category has it on while the merchants with high AOV and in different category has it turned off. Even Jewellers like Tanishq didn't had the option to pay via Rupay CC on UPI

Yeh. I fail to understand the logic of malls. On one hand they happily take credit card payments via POS machines and on the other hand they disable UPI via credit cards.
In malls, when I see some store having disabled UPI against credit cards, I always pay using credit card via POS. I make them pay CC MDR for their idiocy.

 

[harshgupta940]

Yeh. I fail to understand the logic of malls. On one hand they happily take credit card payments via POS machines and on the other hand they disable UPI via credit cards.
In malls, when I see some store having disabled UPI against credit cards, I always pay using credit card via POS. I make them pay CC MDR for their idiocy.

Some of those people then carry forward the mdr to you.

 

[moneyminded]

Magicpin (Cashfree PG) still giving 10%?

 

[AllThatStuff]

Magicpin (Cashfree PG) still giving 10%?

Is it so??

 

[ontherocks]

I applied as ETB and got a message that HSBC will contact me since I am an existing customer and did not let me move ahead with the application.
I got a call from HSBC and the agent started asking personal details on phone. I said, since I am an existing customer you already have all my details in your system, why don't you fetch them. She kept on asking the details and said I need to submit salary slips, photo, bank statement, PAN and what not. I said, I can't give personal details on phone and send me an official email instead. She said she can only WhatsApp me and then I can type in the details and attach the documents in WhatsApp. No call after that.
If they are eventually asking me for all these documents what is the difference between a new customer and existing customer? Is that how its supposed to be for existing customers?
@krishc @redcarpet @Rishabh @Animal

 

[temp77]

I applied as ETB and got a message that HSBC will contact me since I am an existing customer and did not let me move ahead with the application.
I got a call from HSBC and the agent started asking personal details on phone. I said, since I am an existing customer you already have all my details in your system, why don't you fetch them. She kept on asking the details and said I need to submit salary slips, photo, bank statement, PAN and what not. I said, I can't give personal details on phone and send me an official email instead. She said she can only WhatsApp me and then I can type in the details and attach the documents in WhatsApp. No call after that.
If they are eventually asking me for all these documents what is the difference between a new customer and existing customer? Is that how its supposed to be for existing customers?
@krishc @redcarpet @Rishabh @Animal

Never share personal documents over Whatsapp.

Either upload them on the HSBC platform or share over HSBC's official email ids.

 

[krishc]

I applied as ETB and got a message that HSBC will contact me since I am an existing customer and did not let me move ahead with the application.
I got a call from HSBC and the agent started asking personal details on phone. I said, since I am an existing customer you already have all my details in your system, why don't you fetch them. She kept on asking the details and said I need to submit salary slips, photo, bank statement, PAN and what not. I said, I can't give personal details on phone and send me an official email instead. She said she can only WhatsApp me and then I can type in the details and attach the documents in WhatsApp. No call after that.
If they are eventually asking me for all these documents what is the difference between a new customer and existing customer? Is that how its supposed to be for existing customers?
@krishc @redcarpet @Rishabh @Animal

yes, it's a bit like this.
HSBC has probably outsourced even for ETB
but they can send mail and will do so to get you to provide consent on filled up form.
It was done via Adobe e-sign when I applied last year.
Basically these agents cannot fill from system directly and hence need some info from you to get started and then they fill the form and ask you to authorize via adobe e-sign.
If you don't provide consent, they can't proceed further.
Also, if you need correction, you can ask for that as well.

 

[ontherocks]

yes, it's a bit like this.
HSBC has probably outsourced even for ETB
but they can send mail and will do so to get you to provide consent on filled up form.
It was done via Adobe e-sign when I applied last year.
Basically these agents cannot fill from system directly and hence need some info from you to get started and then they fill the form and ask you to authorize via adobe e-sign.
If you don't provide consent, they can't proceed further.
Also, if you need correction, you can ask for that as well.

Did they ask you to provide salary slips, photo, bank statement, PAN, etc. etc.? This is my main pain point.