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.

 

[Sriim]

Thank you so much sir...

got this msg on friday evening... but due to 2nd Saturday bank holiday, i haven't received any bluedart shipment...let see on monday...

Was there any physical verification?

 

[RajMahadik]

Was there any physical verification?

NO sign of verification...

Today approval msg rcvd but no sign of tracking... maybe delivered by tomorrow

 

[kunal.exe]

Physical verification was done?

Yes! Office verification took place on the same day when card got delivered. No home verification though.

 

[tec14]

I'd similar problem but I received CashKaro benefits.
Although can't be sure about individual cases.

What are the Cashkaro benefits?

 

[telescope]

What are the Cashkaro benefits?

If cc is applied through cashkaro website, after approval, cashkaro gives some money.

 

[sudheer102]

They did physical verification even after vkyc?

Yes, they did physical verification even after vkyc.

 

[RajMahadik]

N

Yes it’s approved congratulations, sometimes u will get approved message after you receive the card. By Monday u will get tracking details from blue-dart.

Need urgent help please dm sir

 

[krishc]

What are the Cashkaro benefits?

2k in amazon pay balance

 

[Rishabh]

Received both the benefits yesterday:

- 1000 Amazon voucher (Two vouchers of 500 each) on 10000 spends in first 30 days from HSBC
- 2000 Cashkaro rewards (Redeemed as Amazon balance & credited to Amazon Pay today)

 

[rojajimmy]

I applied and VKYC done on 8th and they have been MIA.
there is no way to contact them. I tried phone banking but the IVR does not give the option to connect the call and talk to a human and also there is no way to check the application status online. Can someone help me on this?

 

[BhaiyaJi]

I applied and VKYC done on 8th and they have been MIA.
there is no way to contact them. I tried phone banking but the IVR does not give the option to connect the call and talk to a human and also there is no way to check the application status online. Can someone help me on this?

This is nothing I applied on 3rd Jan as ETB customer but still no message or email from their side. On 4th Jan I received a call from them for documents and all after that its all silence.

 

[krishc]

Received both the benefits yesterday:

- 1000 Amazon voucher (Two vouchers of 500 each) on 10000 spends in first 30 days from HSBC
- 2000 Cashkaro rewards (Redeemed as Amazon balance & credited to Amazon Pay today)

I got cashkaro reward very early but yet to get the amazon vouchers
almost a month passed since spend criteria completion

 

[Rishabh]

I got cashkaro reward very early but yet to get the amazon vouchers
almost a month passed since spend criteria completion

I have got both of this 2 days after 2nd statement generation.

 

[vishals]

I have got both of this 2 days after 2nd statement generation.

And when do we get the statement cashback?

 

[MangoRush]

And when do we get the statement cashback?

Check Page 14 for answer

 

[ABindal]

I am a self employed professional and graduated to this card by opening an HSBC regular bank account. Within a month, the RM called me to offer a Credit card (HSBC Visa Platinum LTF). It was a pretty basic card and remained out of use for about a year. Recently, I called their Customer Care number and after a long drawn IVR navigating through options and reaching the executive, I asked for the card to be upgraded. She took about 2 minutes and told me that the card has been flipped for HSBC Cashback. I received the card within 7 days.
Note: Do not go through RM for the upgrade, that failed in my case. Customer care works wonder. I believe you can upgrade once you've completed 6 months with the LTF card and haven't defaulted.

Loving the HSBC Cashback's 10% cash back on all dining. Closed my HDFC Swiggy and this is also giving tough competition to my Airtel Axis (which is still good for Airtel and Utility payments).

 

[Visith]

Can anyone please confirm whether all the products listed under Amazon fresh category and all products in JioMart are eligible for 10% discount or MCC tend to change? Understand that FK grocery is not giving 10% from conversations in this thread

 

[Animal]

In JioMart app, under Smart Bazaar everything gives 10%.

 

[Visith]

In JioMart app, under Smart Bazaar everything gives 10%.

Thanks for response. Olive oil i have ordered is not tagged under smart bazaar will check in next month cashback statement but glad to atleast know now👍

 

[Visith]

In JioMart app, under Smart Bazaar everything gives 10%.

in Big Basket(Inside Tata Neu) as well do we have any such restrictions on merchants/products?