HSBC provides a variety of credit cards tailored to different financial needs, ensuring a rewarding experience for users. Among its popular offerings are the HSBC Live Plus Credit Card and the HSBC Visa Platinum Credit Card, each designed to cater to specific spending habits and lifestyle preferences. This guide explores these cards’ features, benefits, and eligibility criteria to help you make an informed decision.
HSBC Live Plus Credit Card
The HSBC Live Plus Credit Card, formerly the HSBC Cashback Credit Card, is an excellent choice for individuals seeking cashback rewards on everyday purchases. This card combines affordability with an extensive rewards program, making it a top pick for frequent shoppers and diners.
Key Features and Benefits
Here are some of the highlights that make the HSBC Live Plus Credit Card a rewarding choice:
- Cashback Rewards:
- Get 10% cashback on groceries, meal delivery, and dining in India.
- Earn 1.5% unlimited cashback on other spends, including retail shopping, entertainment, and travel.
- Welcome Benefits:
- Receive ₹1,000 cashback after spending ₹20,000 within the first 30 days of card issuance.
- Get a ₹250 Amazon eGift Voucher for completing your application with video verification.
- Dining Privileges:
- Benefit from up to 15% off at select restaurants through the Live Plus Dining Programme.
- Complimentary Lounge Access:
- Avail four complimentary domestic airport lounge visits per year, one per calendar quarter.
- Affordable Fees:
- The card comes with a joining and annual fee of ₹999, which is waived for annual spending exceeding ₹2,00,000.
Charges
Here’s an overview of the fees/charges associated with the HSBC Live Plus Credit Card:
| Charge Type | Amount |
| Joining Fee | ₹999 |
| Annual Fee | ₹999 (waived for spends above ₹2,00,000) |
| Finance Charges | 3.75% per month (45% annually) |
| Late Payment Fee | ₹250 – ₹1,200 based on the amount due |
Eligibility Criteria
Before applying, ensure you meet these criteria:
- Age: 18 – 65 years.
- Income: Minimum ₹4,00,000 annually for salaried individuals.
- Residency: Indian residents in cities like Mumbai, Delhi NCR, Bangalore, and Chennai.
The HSBC Live Plus Credit Card is perfect for those prioritising cashback and additional lifestyle perks like dining discounts and lounge access.
HSBC Visa Platinum Credit Card
The HSBC Visa Platinum Credit Card is a lifetime free card that combines flexibility with valuable rewards. It is well-suited for individuals seeking entry-level credit cards with no fees and comprehensive benefits.
Key Features and Benefits
Here’s why the HSBC Visa Platinum Credit Card stands out:
- Reward Points:
- Earn 2 reward points for every ₹150 spent.
- Get 5X reward points on annual spends above ₹4,00,000, capped at 15,000 accelerated points.
- Cashback Offers:
- Until August 31, 2024, take advantage of 1.5% cashback on other purchases and 10% cashback on food.
- Fuel Surcharge Waiver:
- Save up to ₹3,000 annually with a fuel surcharge waiver.
- Air Miles Conversion:
- Convert reward points into air miles with leading airlines like Singapore Airlines and British Airways.
- Zero Liability Protection:
- Enjoy insurance coverage of up to ₹3,00,000 in case of card misuse reported within 24 hours.
- No Fees:
- This card comes with no joining or annual fees, ensuring cost-effective usage.
Charges
Below is an outline of the fees/charges for the HSBC Visa Platinum Credit Card:
| Charge Type | Amount |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 3.49% per month |
| Overlimit Fee | ₹500 |
Eligibility Criteria
You’ll need to meet these requirements to apply:
- Age: 18 – 65 years.
- Income: Minimum ₹4,00,000 annually for salaried individuals.
- Residency: Residents of Indian cities like Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, and Pune.
The HSBC Visa Platinum Credit Card is an excellent choice for individuals seeking a no-fee credit card with straightforward rewards and additional perks like air miles conversion.
Comparison: HSBC Live Plus vs HSBC Visa Platinum
Here’s a quick comparison of the two cards to help you decide:
| Feature | HSBC Live Plus Credit Card | HSBC Visa Platinum Credit Card |
| Best For | Cashback on dining, groceries, and retail | Reward points and fee-free benefits |
| Joining Fee | ₹999 | Nil |
| Annual Fee | ₹999 (waived on ₹2,00,000 annual spends) | Nil |
| Cashback | 10% (dining, groceries), 1.5% (others) | 10% (food, limited-time), 1.5% (others) |
| Reward Points | Not applicable | Each ₹150 spent earns two points. |
| Airport Lounge Access | 4 complimentary visits annually | Not available |
| Fuel Surcharge Waiver | Not available | Up to ₹3,000 annually |
How to Apply for HSBC Credit Cards
If you’re ready to apply for an HSBC credit card, follow these steps:
- Visit the HSBC website or an authorised partner platform.
- Select the HSBC Live Plus Credit Card or HSBC Visa Platinum Credit Card, based on your preferences.
- Complete the application form and upload the required documents.
- Finish the video verification process if prompted.
- Submit your application for review.
Conclusion
The HSBC Live Plus Credit Card and the HSBC Visa Platinum Credit Card offer unique benefits that suit different financial goals. The Live Plus Card is ideal for those focussed on cashback and lifestyle perks, while the Visa Platinum Card is perfect for users seeking a fee-free card with reward points and air miles conversion.
Choose the card that aligns with your spending habits and financial objectives. For more details, visit HSBC’s official website and unlock a world of rewarding credit card experiences.
FAQs
- What is the cashback offered by the HSBC Live Plus Credit Card?
The HSBC Live Plus Credit Card offers 10% cashback on dining, food delivery, and groceries and 1.5% unlimited cashback on other eligible spends, including shopping, entertainment, and travel.
- Is there an annual fee for the HSBC Visa Platinum Credit Card?
The HSBC Visa Platinum Credit Card has no annual or joining fees, making it a lifetime-free credit card.
- Does the HSBC Visa Platinum Credit Card offer fuel surcharge waivers?
Yes, it provides a fuel surcharge waiver of up to ₹3,000 annually on transactions between ₹400 and ₹4,000.
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