HSBC Live Plus Credit Card
Gaurav
The HSBC Cashback Credit Card has been rebranded as the Live+ Credit Card. This card is ideal for those who love shopping online, offering a high cashback of 10% on grocery, food delivery, and dining purchases, and 1.5% on all other spends. As a welcome gift, you receive an Amazon voucher. Unlike reward points cards, this is a cashback card, meaning you don’t need to worry about redeeming points. The cashback is automatically credited to your account within 45 days of the statement date.
Additionally, the card provides complimentary access to domestic airport lounges. Read on to discover more about the HSBC Live+ Credit Card.
Rewards and Benefits
Movie & Dining
Enjoy a "Buy 1 Get 1 Free" offer on movie tickets every Saturday and get up to 15% off at over 1,000 restaurants in major cities across India.
Domestic Lounge Access
4 complimentary domestic lounge access per annum (one each quarter)
Rewards Rate
10% Cashback on Dining, Food, and Grocery Spends. 1.5% On All Other Eligible Spends
Golf
N/A
Travel
N/A
Insurance Benefits
Get insurance coverage of ₹3,00,000 for any misuse of the card, starting up to 24 hours before you report the card as lost.
International Lounge Access
N/A
Reward Redemption
The cashback is credited back within 45 days of the card's statement date.
Fees & Charges
Interest Rates
3.75% Per Month
Spend-Based Waiver
Renewal fee waived on expenditure of Rs. 2,00,000 in the previous year
Rewards Redemption Fee
Nil
Cash Advance Charges
2.5% of the withdrawn amount, subject to a minimum amount of Rs. 500.
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% fuel surcharge is applicable
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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