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Comparison · हिन्दी

SBI Cashback vs HSBC Live+

Both cards compared on real rupee returns for best cashback credit card India SBI vs HSBC. We ran the numbers so you can make the right call.

Updated · Terms checked by Prashant Parikh
SBI
CASHBACK
ASHOK KUMAR
VS
HSBC INDIA
LIVE+
ASHOK KUMAR
Our verdict
HSBC Live+ Credit Card wins for most people
HSBC Live+ dominates with ₹13,101 annual benefit versus SBI Cashback's ₹6,801, nearly doubling returns on your ₹16,000 monthly spend despite identical fees.
Side-by-side comparison
SBI Cashback Credit Card HSBC Live+ Credit Card ✓
Annual benefit ₹6,801 ₹13,101
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 ₹2L spend) ₹999 + taxes (waived on ₹2,00,000/year spend)
Reward rateCashback pays you directly in rupees; reward points need converting first, and their real value depends on the redemption ratio.Full definition → 5% cashback on online spends (capped ₹2,000/month); 1% on offline (capped ₹2,000/month); total cap ₹4,000/month 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
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → No 2 domestic visits per year (1 per 6 months) + 1 international visit per year
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 3.5% 1.99%
Best for Flat 5% on all online spends up to ₹40,000/month Dining, groceries and utility bills with the best unlimited base cashback in India
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹4L+ per year ₹6L/year (salaried)
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
SBI Cashback Credit Card
SBI Cashback wins only if you spend heavily on Amazon, Flipkart, or Myntra, categories where HSBC Live+ offers reduced rewards. Otherwise, HSBC Live+ is superior.
HSBC Live+ Credit Card
HSBC Live+ excels for your profile: it maximizes cashback on dining (₹4,000), groceries (₹4,000), utilities (₹3,000), and shopping (₹5,000) with 10% rewards on most categories.
Who should get which card
Get SBI Cashback if you…
· Primary shopper on Amazon, Flipkart, or Myntra
· Prefer simpler 5% online cashback structure
· Consistent high online spenders needing cap relief
Get HSBC Live+ if you…
· Frequent diners and food delivery users
· Grocery and utility bill payers seeking 10% returns
· Want unlimited 1.5% cashback on excluded shopping platforms
· Best overall value for balanced spend profiles
Partner offer
Axis Bank Select Credit Card
Higher spenders (₹6L+ income) who will spend ₹3L+ a year, want international lounge access through Priority Pass with 12 visits, and want a 2% earn rate on everyday retail spends
Apply now →
AXIS
ASHOK KUMAR

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Related guides
Axis ACE vs SBI Cashback →HDFC Millennia vs SBI Cashback →SBI Card PRIME vs SBI Cashback →Axis ACE vs HSBC Live+ →Best Dining Credit Cards →Best Shopping Credit Cards →Best Credit Cards for Swiggy and Zomato →
Frequently asked questions
Based on our analysis, HSBC Live+ Credit Card offers better annual returns for most spend profiles.
SBI Cashback Credit Card has an annual fee of ₹999 + taxes (waived on ₹2L spend). HSBC Live+ Credit Card has an annual fee of ₹999 + taxes (waived on ₹2,00,000/year spend).
SBI Cashback Credit Card offers 5% cashback on online spends (capped ₹2,000/month); 1% on offline (capped ₹2,000/month); total cap ₹4,000/month. HSBC Live+ Credit Card offers 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.
SBI Cashback Credit Card lounge access: No. HSBC Live+ Credit Card lounge access: 2 domestic visits per year (1 per 6 months) + 1 international visit per year.
SBI Cashback Credit Card charges 3.5% forex markup. HSBC Live+ Credit Card charges 1.99% forex markup.