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 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. Here’s everything you need to know about the features, benefits and shortcomings of Live+.
HSBC Live+ Credit Card Rating ★★★ (3/5) |
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| Cashback Benefits | ★★★ (3.5/5) |
| Milestone Benefits | ★★★ (3/5) |
| Lounge Access | ★★★ (3/5) |
| Get 15% instant discount on Bryan Adams Tickets on all HSBC VISA Credit Cards! Offer valid till Oct 2024. |
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. The Swiggy HDFC Card has capped the monthly savings on the accelerated categories at Rs. 1,500 whereas for the HSBC Card, the capping is Rs. 1,000. 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 Swiggy platform). The HSBC card enables you to avail accelerated benefits across all grocery, dining, and food delivery spends.
On the downside, HSBC Live+ Credit Card does not offer any accelerated benefits on other categories; users can earn 1.5% cashback on all other eligible spends. Whereas, with the Swiggy HDFC, users can earn accelerated cashback (5%) on online spends as well.
Moreover, 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.
Users who primarily seek dining and grocery benefits without being tied to a single brand can opt for HSBC Live+ Card. However, those looking for significant savings across multiple categories should consider credit cards with all-round benefits such as the Cashback SBI Card.
Video: Quick Review of HSBC Live+ Credit Card
Note: Details mentioned in the video have been sourced from the issuer’s website as of July 2024. For updated information, refer to this page.
Features and Benefits of HSBC Live+ Credit Card
Up to 10% Cashback Benefits
- 10% Cashback: Up to Rs. 1,000 per month, on dining, grocery and food delivery spends
- 1.5% Cashback: Unlimited, on other category spends
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Spending 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. |
Users who spend up to Rs. 10,000 in a month on dining, food delivery and groceries can maximize the benefits of this card by reaching the monthly capping of Rs. 1,000.
Value-back Comparison: HSBC Live+ vs. Swiggy HDFC vs. Cashback SBI Card
| Monthly Spends | Amount (in Rs.) | HSBC Live+ | Swiggy HDFC | Cashback SBI |
| Dining and Food Delivery (Swiggy) | 5,000 | 500 | 500 | 250 |
| Grocery (Swiggy Instamart) | 8,000 | 500 | 800 | 400 |
| Apparel (Online) | 5,000 | 75 | 250 | 250 |
| Flight and Hotel Bookings (Online) | 15,000 | 225 | 750 | 750 |
| Dining (Offline) | 5,000 | 0* | 50 | 50 |
| Misc. Offline Spends | 2,000 | 30 | 20 | 20 |
| TOTAL | 40,000 | 1,330 | 2,370 | 1,720 |
*Since the user has already reached the monthly capping of Rs. 1,000, no cashback will be offered on the offline dining spends as mentioned in the table.
Other Benefits
Introductory Offer: HSBC Live+ credit card comes with a welcome benefit offer in the form of cashback worth Rs. 1,000*. The 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. Both primary as well as add-on card users are individually eligible for this welcome bonus based on their respective card spends. So, each card member can avail this voucher separately.
*Offer valid till 31st Dec 2024
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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Should you get this card?
HSBC Live+ Credit Card is suited for those who spend a substantial amount on dining and groceries and are looking to save in the form of cashback on all their spends. However, the card does not offer accelerated cashback on any other category. Users can only avail the base cashback rate across all other spends.
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 or categories, like travel, utility bills, online/offline shopping, etc.
- 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 or air miles which offer multiple redemption options
- You want a card with co-branded benefits on select brands from which you shop regularly
- You are eligible for premium credit cards with a better reward structure and enhanced lifestyle benefits
Other Cards Similar to HSBC Live+ Credit Card
Swiggy HDFC Bank Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
10% cashback on Swiggy food orders, Instamart, Dineout & Genie
5% cashback on online spends
Product Details
- 1% cashback on other spends
- Up to Rs. 3,500 cashback in a month
- 3-month Swiggy One Membership worth Rs. 1,199 on card activation
- Renewal fee waived off on Rs. 2 lakh annual spends
Cashback SBI Card
Joining fee: ₹999
Annual/Renewal Fee: ₹999
5% cashback on all online spends
1% cashback across all offline spends
Product Details
- 5% cashback across all online spends with no merchant restriction
- 1% cashback across all offline spends
- Earn cashback of up to Rs. 5,000 per month
- Renewal fee reversed on spending at least Rs. 2 lakh in a year
- 1% fuel surcharge waiver of up to Rs. 100 per month
Airtel Axis Bank Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
Up to 25% cashback on transactions at Airtel Thanks app
Product Details
- 10% cashback on utility bill payments via Airtel Thanks app
- 10% cashback on spends at Zomato, Swiggy and BigBasket
- Unlimited 1% cashback on other spends
- 4 complimentary domestic airport lounge visits every year
Axis Bank ACE Credit Card
Joining fee: ₹499
Annual/Renewal Fee: ₹499
5% cashback on utility bill payments and recharges via Google Pay
4% cashback on Swiggy, Zomato and Ola
Product Details
- 1.5% cashback on other offline & online spends
- 4 domestic lounge access per year on spending Rs. 50,000 or more in the previous quarter
- 1% fuel surcharge waiver across all fuel stations on transactions between Rs. 400 to Rs. 4,000
Myntra Kotak Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
7.5% off up to Rs. 750 per transaction on Myntra
Unlimited 1.25% cashback on other spends
Product Details
- 7.5% off up to Rs. 750 per transaction on Myntra
- 5% cashback up to Rs. 1,000 per month on Swiggy, Swiggy Instamart, PVR, Cleartrip & Urban Company
- 1.25% cashback across all other transactions
- 2 complimentary PVR tickets of Rs. 250 each on Rs. 50,000 quarterly spends
- 1% fuel surcharge waiver of up to Rs. 3,500 in a year on fuel spends of Rs.500 to Rs. 3,000
Amazon Pay ICICI Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹0
Up to 5% cashback on Amazon purchases
1% cashback across all offline spends
Product Details
- 5% cashback on Amazon spends for Prime members
- 3% cashback on Amazon spends for non-Prime members
- 2% cashback on spends at Amazon Pay partner merchants
- 1% cashback on other spends
- 1% waiver on fuel surcharge across all petrol pumps in India
Flipkart Axis Bank Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
5% cashback on transactions at Flipkart and Cleartrip
4% cashback on partner merchants, like Swiggy, PVR, Uber, etc.
Product Details
- 1% cashback across other spends
- 4 complimentary domestic airport lounge visits in a year on spending at least Rs. 50,000 in a year
- Activation benefits worth Rs. 600 from Flipkart and Swiggy
- 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000