HSBC Bank Cashback/Live+ Credit Card
Key Highlights of HSBC Live+ Credit Card
The key details of the HSBC Live+ or Cashback card are given in the following table:
| Features | Details |
|---|---|
| Best for | Shopping and dining |
| Joining fee | Rs. 999/- |
| Annual fees | Rs. 999/- (waived off on Rs. 200,000 on annual spends) |
| Welcome benefits | Rs. 1,000 cashback on spending Rs. 20,000 within the first 30 days of getting the card & Rs. 250 Amazon Voucher |
| Cashback |
|
| Complimentary airport lounge access | 4 complimentary domestic airport lounge visits per year |
| Annual income required | At least Rs. 4,00,000 per annum (for salaried individuals) |
| Required age | 18 to 65 years |
Features & Benefits of HSBC Live+ Credit Card
The key HSBC Cashback Credit Card benefits and features:
Welcome Benefit
- Download and login to the HSBC India mobile app and get Rs. 1,000 cashback.
- Offer valid on spending Rs. 20,000 within the first 30 days of getting the card.
- This offer is not applicable to Corporate Cardholders, who apply for a Live+ Credit Card between 12 July 2024 to 31 December 2024 (Offer Period)
- Cardholders who have not repaid their minimum payment due within 30 days of the payment due date will not be eligible.
- Cardholders with updated KYC details with the bank are eligible.
- Get Amazon eGift Voucher worth Rs. 250 when you apply online and complete your application with video self-verification. Offer valid till 31 August 2024.
Cashback
- 10% cashback on dining & food delivery across India.
- 10% cashback on groceries.
- 1.5% unlimited cashback at other retail purchases.
- 1.5% unlimited cashback on binging movies & shows at home or at the cinema.
- 1.5% unlimited cashback in selected categories at home & when you are travelling abroad.
Dining Benefits
- Up to 15% off with Live+ Dining Programme & 10% cashback on dining and food delivery spends.
Free Airport Lounge Visits
- 4 complimentary domestic airport lounge visits per year.
Other Benefits
- Annual fee of Rs. 999 can be waived on spending more than Rs. 2,00,000 per year.
- Get HSBC’s exclusive dining programme and curated offers on the Visa Digital Concierge app.
- Activate both primary and supplementary cards right way, on the HSBC India app.
HSBC Live+ Credit Card Fees & Charges
Following are the fees and charges associated with the HSBC Live+ credit card:
- Standard joining fee: Rs. 999/-
- Standard annual fee: Rs. 999/- (Waived off on annual spends of Rs. 2,00,000 or above).
- Standard annual fee for Premier Customers: Nil.
- Finance charges on extended credit: 3.49% p.m. (41.88% p.a.).
- Late payment fee: 100% of the minimum payment due (minimum Rs. 250 & maximum Rs. 1,200 p.m.).
- Currency conversion charge for foreign currency transactions: 3.5%.
- Cash payment charge: Rs. 100.
- Minimum Payment Due (MPD) on credit usage: Minimum Rs. 100 interest will be charged on the extended credit.
- Bounced cheque/ dishonoured SI/ unsuccessful NACH payment: Rs. 500.
- Cash advance limit: Up to 20% of the credit limit.
- Transaction fee for cash advances at branches & ATMs: 2.5% of the transaction amount (minimum Rs. 500).
- Transaction fee for cash withdrawal at ATMs overseas: Rs. 100.
- Overlimit fee: Rs. 500 p.m.
- Balance transfer charges: 10.99% p.a. to 15.99% p.a. interest rate & 1.5% (minimum Rs. 200) processing fee
HSBC Bank Cashback Credit Card Eligibility Criteria
To apply for an HSBC Live+ credit card, you have to meet the following eligibility criteria:
- Age between 18 to 65 years.
- Minimum annual income of Rs. 4 Lakhs for salaried individuals.
- Indian resident
- Reside in either Gurgaon, Chennai, Delhi NCR, Noida, Pune, Bangalore, Hyderabad, Mumbai, Jaipur, Kochi, Chandigarh, Coimbatore, Kolkata, or Ahmedabad.
HSBC Cashback Credit Card Documents Required
You will need to submit the documents mentioned below to apply for an HSBC Live plus Credit Card along with the filled-in and signed application form and recent passport-sized photographs:
- The latest salary slip (for salaried employees)
- The front side of the credit card and the latest credit card statement (if already using another credit card)
- Proof of residence, identity proof, and PAN Card
*The above list of documents is for reference purposes only. Additional documents may be requested by the bank during the credit card application process.
How to Apply?
You can apply for an HSBC Cashback credit card through MyMoneyMantra.
- Click on the "Apply Now" button.
- You will be redirected to the HSBC Bank website.
- Fill in the required details and submit.
Conclusion
If you are looking to apply for a cashback credit card at affordable joining and annual fees, HSBC Live+ can be a good option. This credit card is best suited for those who want cashback on all their purchases and transactions along with complimentary access to domestic airports.
HSBC Bank Live+ Credit Card FAQs
The HSBC Cashback Card’s credit limit is given at the discretion of the bank. The bank will conduct thorough checks before assigning you a specific limit. Some of the factors that play a major role in deciding your credit limit are your credit score, credit report, and past/existing debt repayment habits.
Anyone who meets the following eligibility criteria can apply for an HSBC Cashback Credit Card:
- An Indian resident aged at least 18 years and a maximum of up to 65 years old.
- Annual income must be a minimum of Rs. 4,00,000 per annum (if salaried individuals).
- Must be residing in New Delhi, Noida, Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, or Pune.
You can use this card for foreign transactions at no extra charge. However, the bank will charge the applicable currency conversion rate in the country you make your transaction. For more details about the card’s international usage, please read the HSBC Cashback credit card review online.
No, there are no reward points earned on this card, however, you are eligible to earn the following cashback.
Unlimited cashback on all transactions.
- 1.5% cashback on all online spends (except on transfer of funds to an online wallet).
- 1% cashback on all other spends.
- Cashback is also available on the Instant EMI facility on your card across listed merchants.
- Cashback will be credited within 45 days of the card statement date.
Yes. You get a chance to win Amazon e-gift voucher worth Rs. 250 on completing the online credit card application and Video KYC. Also, you can avail of the following introductory offers on a minimum transaction of Rs. 2,500 within 30 days of card issuance (valid from 1 Jan 2023 till 15 April 2023):
- Amazon voucher worth Rs. 500
- Swiggy voucher worth Rs. 500
- SonyLIV 12 month membership
- Myntra vouchers worth Rs. 1,500 (Rs. 300 x 5)
- Ajio vouchers worth Rs. 3,000 (Rs. 600 x 5)
- 3 complimentary airport lounge access at domestic & international lounges or 3 meal-vouchers for use at airport restaurants in India.
The maximum limit for cashback on dining, food delivery and grocery spends is collectively capped at Rs. 1,000 for each billing cycle.
Yes, the annual fee of Rs. 999 can be waived if you spend more than Rs. 2,00,000 per year.
