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.Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 15th July, 2024.
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 |
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 AccessComplimentary 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
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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, IMO
