HSBC Live+ Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
HSBC Live+ Credit Card
Bank Name :
HSBC Bank
Type :
Cashback Credit Card
Interest Rate :
3.49% per month (41.88% annually)
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
Pros
Welcome Benefit: Users will get INR1,000 cashback when they download and log on to the HSBC India Mobile Banking app and spend INR20,000 within the first 30 days of getting the card and an INR250 Amazon e-gift voucher when they apply for the card online and complete video KYC (VKYC).
Reward System: Users will get 10% cashback on all dining, food delivery and grocery spends (capped at up to INR1,000 per billing cycle), and 1.5% unlimited cashback on most other spends. 20% off on purchases of INR3,000 and over at Myntra, this offer is valid until 31 December 2024 and the discount can be used once per card per calendar month during the offer period, up to a maximum discount of INR1,000 per month.
4 complimentary domestic lounge visits per year (1 per quarter).
The annual membership fee of Rs. 999 will be waived if the user spends over INR200,000 per year.
Additional benefits like- 1. Zero card lost liability. 2. Emergency Card replacement. 3. Insurance benefits. 4. Globally accepted card.
Cons
It only provides cashback offers and no reward point benefits.
No international lounge access facility is available.
Welcome bonus can only availed on fulfilling a minimum transaction limit in 30 days.
Pros & Cons
Welcome Benefits
Users will get INR1,000 cashback when they download and log on to the HSBC India Mobile Banking app and spend INR20,000 within the first 30 days of getting the card and an INR250 Amazon e-gift voucher when they apply for the card online and complete video KYC (VKYC).
Rewards System
Users will get 10% cashback on all dining, food delivery and grocery spends (capped at up to INR1,000 per billing cycle), 1.5% unlimited cashback on most other spends.
20% off on purchases of INR3,000 and over at Myntra, this offer is valid until 31 December 2024 and the discount can be used once per card per calendar month during the offer period, up to a maximum discount of INR1,000 per month.
International Forex Markup
Welcome Benefits and Reward System
Special Features
10% accelerated cashback on all dining, food delivery and grocery spends.
Eligibility Criteria
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
Benefits
Welcome benefit.
Dining benefits.
Travel benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online: Visit the HSBC India website. Click on the "Credit Cards" tab. Click on the "Apply Now" button for the HSBC Live+ Credit Card Fill in the application form with your basic details, such as your name, PAN number, date of birth, father's name, occupation type, company name, marital status, and address details. Submit your application. A representative from HSBC will call you to complete the KYC process. Required documents: PAN card Aadhaar card Income proof (salary slip or Form 16 for salaried individuals, and income tax returns for self-employed individuals)
Contact Details
HSBC Personal Banking / Credit Cards 1800 267 3456 1800 121 2208
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get INR1,000 cashback when they download and log on to the HSBC India Mobile Banking app and spend INR20,000 within the first 30 days of getting the card and an INR250 Amazon e-gift voucher when they apply for the card online and complete video KYC (VKYC).
Reward System: Users will get 10% cashback on all dining, food delivery and grocery spends (capped at up to INR1,000 per billing cycle), and 1.5% unlimited cashback on most other spends. 20% off on purchases of INR3,000 and over at Myntra, this offer is valid until 31 December 2024 and the discount can be used once per card per calendar month during the offer period, up to a maximum discount of INR1,000 per month.
4 complimentary domestic lounge visits per year (1 per quarter).
The annual membership fee of Rs. 999 will be waived if the user spends over INR200,000 per year.
Additional benefits like- 1. Zero card lost liability. 2. Emergency Card replacement. 3. Insurance benefits. 4. Globally accepted card.
It only provides cashback offers and no reward point benefits.
No international lounge access facility is available.
Welcome bonus can only availed on fulfilling a minimum transaction limit in 30 days.
The HSBC Cashback Credit Card shines for its high cashback rates, especially on everyday food and grocery spends, lack of joining fee, and annual fee waiver with moderate spending. The complimentary lounge access adds further value for frequent travelers. However, keep in mind the monthly caps on the 10% cashback and limited partner offers.
HSBC Cashback Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee-NIL,
Annual Fee-INR 999 + GST
Cash advance fee: 2.5% of the cash withdrawn or Rs 500. (Whichever is higher)
Interest Rates: 3.49% per month (41.88% per annum)
Late payment fee (Charged if minimum amount due does not reach HSBC within 3 days of payment due date- Subject to a minimum of `250 and a maximum of `1,200 per month
Foreign Currency Transactions Fees: 3.5%.
Reward Redemption Fees: NIL
Fuel Surcharge
Billing Cycle
30 Days