HSBC Live+ Credit Card Review: Eligibility, Benefits, and Application
Is the HSBC Live+ Credit Card Worth It? If you’re someone who spends significantly on dining, groceries, and food delivery, the HSBC Live+ Credit Card could offer you substantial cashback benefits. However, it may not be the best for all-around savings or other spending categories.
Features and Benefits
The HSBC Live+ Credit Card stands out for its 10% cashback on dining, groceries, and food delivery up to Rs. 1,000 per month. For other spends, cardholders can earn 1.5% cashback.
Cashback Details
Cardholders get:
- 10% Cashback: Up to Rs. 1,000 per month on dining, grocery, and food delivery spends
- 1.5% Cashback: Unlimited on other eligible spends
However, certain categories are excluded from cashback earning, such as fuel-related transactions, utility payments, EMIs, and more.
Eligibility Criteria and Documentation
To apply for the HSBC Live+ Credit Card, you need to meet the following criteria:
| Criteria | Details |
|---|---|
| Nationality | Indian resident |
| Age | 18 to 65 years |
| Annual Income | Rs. 4 lakh or more if salaried |
| Residence | Select cities like Mumbai, Delhi, Bangalore, etc. |
Required Documents
Applicants need to provide:
- Latest salary slip and 3 months of bank statement
- Identity and residence proof
- PAN card/Form 60
Fees and Charges
The annual fee for the HSBC Live+ Credit Card is Rs. 999, which can be waived off if your annual spends exceed Rs. 2 lakh. Other fees include:
| Type | Details |
|---|---|
| Annual Fee | Rs. 999 |
| Finance Charges | 3.75% per month |
| Late Payment Fee | Rs. 250 to Rs. 1,200 |
| Foreign Transaction Fee | 3.5% |
How It Compares to Other Cards
Here’s a comparison of the HSBC Live+ Credit Card with other popular cards like the Swiggy HDFC Credit Card and Cashback SBI Card:
| Spends (Rs.) | HSBC Live+ | Swiggy HDFC | Cashback SBI |
|---|---|---|---|
| Dining & Food Delivery | 500 | 500 | 250 |
| Groceries | 500 | 800 | 400 |
| Apparel (Online) | 75 | 250 | 250 |
The HSBC Live+ Credit Card is a strong contender if you’re looking for cashback mainly in dining and groceries. However, for more diversified spending categories, the Cashback SBI Card might be a better fit.
Conclusion
The HSBC Live+ Credit Card is best suited for individuals who spend primarily on dining, groceries, and food delivery and prefer cashback over reward points. However, if you’re looking for broader benefits across various categories, you might want to explore other options.
