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Comparison · हिन्दी

HSBC Live+ vs HSBC RuPay Cashback

HSBC Live+ costs ₹999 a year and HSBC RuPay Cashback ₹499. We ran them on the same ₹18,000 monthly spend and compared rewards, fees, lounge access and forex markup.

Updated · Terms checked by Prashant Parikh
HSBC INDIA
LIVE+
ASHOK KUMAR
VS
HSBC INDIA
RUPAY CASHBACK
ASHOK KUMAR
Our verdict
HSBC Live+ Credit Card wins for most people
HSBC Live+ wins with ₹14,301 a year against ₹4,301 for HSBC RuPay Cashback. Its shared ₹1,200 monthly cap trims only ₹1,200 a year, while the ₹400 monthly cap on HSBC RuPay Cashback cuts ₹8,160 a year.
Side-by-side comparison
HSBC Live+ Credit Card ✓ HSBC RuPay Cashback Credit Card
Annual benefit ₹14,301 ₹4,301
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → ₹999 + taxes (waived on ₹2,00,000/year spend) ₹499 + taxes (waived on ₹2,00,000/year spend)
Issued by HSBC India HSBC India
Network Visa Infinite RuPay
Reward rateCashback pays you directly in rupees; reward points need converting first, and their real value depends on the redemption ratio.Full definition → 10% cashback on dining, food delivery, groceries, utility bills and shopping, excluding Amazon, Flipkart and Myntra (shared cap ₹1,200/month across all five categories); 1.5% unlimited on all other spends, including Amazon/Flipkart/Myntra 10% cashback on dining, food delivery and groceries; 1% on other eligible spends; total cashback capped at ₹400 a month; no cashback on fuel, wallets, rent, insurance, education, government or jewellery
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → 2 domestic visits per year (1 per 6 months) + 1 international visit per year 2 domestic visits/quarter (8/year); 2 international visits/year
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 1.99% 0% (until 31 December 2026)
Best for Dining, groceries and utility bills with the best unlimited base cashback in India Food delivery and grocery spenders wanting a low-fee RuPay card for UPI
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹6L/year (salaried) ₹6L+/year
Credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → 700+ 700+
Apply now ↗ Full review →
Apply now ↗ Full review →
When each card wins
HSBC Live+ Credit Card
HSBC Live+ is better when your monthly spend is spread across dining, groceries, bills and shopping. Its higher ₹1,200 monthly cap and 1.5% base rate keep far more of your cashback.
HSBC RuPay Cashback Credit Card
HSBC RuPay Cashback suits you if lounge visits matter more than cashback. It offers 8 domestic and 2 international visits a year, a lower ₹499 fee and zero forex markup until 31 December 2026.
Who should get which card
Get HSBC Live+ if you…
· You spend on dining, groceries and utility bills every month
· You want 10% cashback on bills and shopping, not just food
· You want a 1.5% base rate on everything else, including Amazon, Flipkart and Myntra
· You spend enough that a ₹400 monthly cap would hold you back
Get HSBC RuPay Cashback if you…
· You want more lounge access, with 8 domestic and 2 international visits a year
· You want a lower ₹499 annual fee
· You want a RuPay card for UPI payments
· You travel abroad and want zero forex markup until 31 December 2026
Partner offer
Roarbank RuPay Credit Card
New-to-credit users who want a lifetime-free RuPay UPI card with a built-in savings account, and who will actively pick and track their monthly cashback categories
Apply now →
UNITY
ASHOK KUMAR

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Frequently asked questions
HSBC Live+ comes out ahead on a typical ₹18,000 monthly spend (₹4,000 on shopping, ₹4,000 on dining, ₹1,000 on travel, ₹6,000 on groceries and ₹3,000 on bills): it returns about ₹14,301 a year after fees, against ₹4,301 for HSBC RuPay Cashback. HSBC RuPay Cashback suits you if lounge visits matter more than cashback.
HSBC Live+ costs ₹999 + taxes (waived on ₹2,00,000/year spend). HSBC RuPay Cashback costs ₹499 + taxes (waived on ₹2,00,000/year spend). HSBC RuPay Cashback is cheaper to hold, by ₹500 a year before any waiver.
In our yearly figures, HSBC Live+ earns 10% on dining, groceries and bills (up to a monthly cap); 1.5% on shopping, travel and other spends; nothing on fuel. HSBC RuPay Cashback earns 10% on dining and groceries (up to a monthly cap); 1% on shopping, travel, bills and other spends (up to a monthly cap); nothing on fuel. Full reward rules, caps and exclusions are in the comparison table above.
HSBC Live+: 2 domestic visits per year (1 per 6 months) + 1 international visit per year. HSBC RuPay Cashback: 2 domestic visits/quarter (8/year); 2 international visits/year.
HSBC RuPay Cashback is cheaper abroad: it charges no forex markup, against 1.99% on HSBC Live+.
Both are issued by HSBC India: HSBC Live+ on Visa Infinite and HSBC RuPay Cashback on RuPay.
Income needed for HSBC Live+: ₹6L/year (salaried). For HSBC RuPay Cashback: ₹6L+/year.