The plus point for HSBC Live+ is that it does not restrict accelerated benefits to a single brand (on Swiggy HDFC, the savings can be done only on transactions on the Swiggy platform). The HSBC card enables you to avail accelerated benefits across all grocery, dining, and food delivery spends. But, for an entry-level card that offers limited benefits, the annual fee of Rs. 999 seems a bit high. Comparable options like Cashback SBI Card offer up to 5% cashback across all online spends at the same annual fee, with a monthly capping of Rs. 5,000, leading to more significant savings.
HSBC Bank
HSBC Live+ Credit Card
Dining
Cashback
1st Year Fee: ₹999* Plus Applicable Taxes
Cashback
Up to 10% Cashback
Dining
Up to 15% off
Low Fee Waiver
On spends of Rs. 2 Lakh
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About HSBC Live+ Credit Card
HSBC Live+ Credit Card is a rebranded version of HSBC Cashback Credit Card offering accelerated benefits across food delivery, dining, and groceries. Users can get 10% cashback on these categories and 1.5% cashback on other spends. The credit card retains its core features and benefits and can be a strong competitor of popular dining card – Swiggy HDFC. With a monthly capping of Rs. 1,000 for primary categories, it may be tough for Live+ to secure its place in the competitive cashback credit card market.
Both Swiggy HDFC Credit Card and HSBC Live+ Credit Card offer 10% cashback on the same spending categories- dining, food delivery and groceries, and come with their own pros and cons.
Cashback Benefits
The card offers direct cashback on card spends as follows:
- 10% Cashback: Up to Rs. 1,000 per month, on dining, grocery and food delivery spends
- 1.5% Cashback: Unlimited, on other category spends
Categories Excluded from Cashback Earning: Utility payments, EMIs, e-wallets, fuel-related, property management fees, rental payments & commissions, select business to business transactions, insurance, select education & government-related transactions, security broker services, jewellery & antique items, collection agencies, tolls & bridge fees, financial & non-financial institutions, money transfers, charity and wholesale clubs.
Other Features & Benefits
Introductory Offer 1 : Users get bonus cashback 2 worth Rs. 1,000 on card activation. Both primary as well as add-on users are individually eligible for this benefit on their respective card spends.
Complimentary Lounge Benefits: HSBC Live+ credit card users can avail up to 4 complimentary visits to domestic airport lounges in a year, maximum 1 visit per calendar quarter.
Dining Discount Offers: Up to 15% off on dining bills at 200+ partner restaurants via Live+ Dining Programme.
Annual Fee Waiver: HSBC offers annual fee waiver to Live+ credit card users if their credit card spends amount to more than Rs. 2 lakh in a year.
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₹999 Plus Applicable Taxes
NA₹999 Plus Applicable Taxes
Waived off on annual spends of Rs. 2 lakh and aboveNeed Help understanding?
HSBC Live+ Credit Card: Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 999 |
| Annual Fee | Rs. 999 (Waived off on reaching Rs. 2 lakh annual spends) |
| Finance Charge | 3.75% per month | 45% per annum |
| Forex Mark-up Fee | 3.5% |
| Late Payment Fee | 100% of the minimum payment due (subject to a min. of Rs. 250 & max. Rs. 1,200 per month) |
Things to Know Before you apply
Opt for this card if:
You spend a considerable amount on dining, groceries and food delivery
You prefer cashback over reward points
You are not looking for accelerated benefits on specific brands
You can spend Rs. 2 Lakh in a year to avail the fee reversal
Look for other card options if:
You want to earn reward points with multiple redemption options
You are eligible for premium credit cards with a better reward structure and enhanced lifestyle benefits
Paisabazaar Review
What do we like about this card?
The good part about this card is the accelerated 10% value-back on not one but multiple everyday categories—dining, grocery, and food delivery. For dining spends, the return doubles up via the Live+ Dining Program. Additionally, the card offers a good base rate on other spends of 1.5% that can fetch users unlimited value-back.
Pros
- High cashback earning rate on food-related spends
- Hassle-free cashback redemption as statement credit
- Low spend-based annual fee waiver condition
- Good value-back on card activation
Cons
- Monthly capping of Rs. 1,000 on 10% cashback
- No significant benefits on travel or movies
- Long list of exclusions from cashback earning that also includes some major spends like Utility payments, fuel, rent etc
Conclusion
HSBC Live+ Credit Card is suited for those who spend a substantial amount on dining and groceries without brand preferences and are looking to save in the form of cashback on all their spends. However, the card does not offer accelerated cashback in any other category. Users can only avail the base cashback rate across all other spends. Those looking for significant savings across multiple categories should consider credit cards with all-round benefits, such as the Cashback SBI Card.
Frequently Asked Questions
Everything you need to know about this credit card
HSBC Live+ offers up to Rs. 1,000 savings per month on dining, food delivery and grocery spends, which makes it a good option for diners. However, other cards such as Swiggy HDFC and Eazy Diner IndusInd Bank Card also provide considerable savings on your dining spends. Consumers should compare their options and choose the card that best matches their spending preferences.
Yes. HSBC Live+ offers unlimited cashback on base earning of 1.5%. However, under 10% cashback category (dining, grocery and food delivery spends), maximum Rs. 1,000 cashback can be earned in a month.
You can apply for HSBC Live+ Credit Card through Paisabazaar. Enter your mobile number and check eligibility for this card, and, if eligible, continue applying for it.
Yes. HSBC Live+ Credit Card is accepted internationally. However, a foreign exchange mark-up fee of 3.5% will be applicable on transactions made in foreign currency.
Cashback will be directly credited to your credit card account within 45 days of the statement date.
Footnotes
- The introductory offer is valid till 31st Dec 2024.
- Cardholders can avail this benefit by downloading and logging in to HSBC India mobile app and spending Rs. 20,000 or more within the first 30 days of its issuance.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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2 Comments
Are there any exclusions apply on 1.5% unlimited cash back category on HSBC live + credit card
The category spends excluded from cashback earnings are spends made towards utility payments, EMIs, e-wallets, fuel, property management fees, rent, select business to business transactions, insurance, select education & government transactions, security broker services, jewellery & antique items, collection agencies, tolls & bridge fees, gambling, cash withdrawals, credit repayments, foreign currency, liquid or cryptocurrency assets, financial & non-financial institutions, money transfers, charity and wholesale clubs.