Written by
Demi ZhuangAccurate as of
June 21, 2024
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One dethroned and another takes the crown place? Will the newly launched HSBC Live+ be the next crown jewel in the cashback credit card scene, let’s find out.
At a Glance
8% Cashback for the following Categories
Dining
Shopping
Entertainment
5% Cashback for
Petrol (Caltax & Shell)
How does it work?
Min Monthly Spending | $600 | Must hit for all 3 months in a Quarter
sounds familiar? 😏 |
Cashback | 5% Cashback on specific categories
(Total 8% Cashback till 31 Dec 2024)
0.3% on other spend | 3% Promotional Cashback from 21 June 2024 - 31 December 2024 |
Cashback Cap | $250 per quarter | *Bonus Cashback Credited within 2 months after the end of each Quarter |
Annual Income Requirement | $30,000 for SC and PRs, $40,000 for Foreigners | |
Annual Fee | $196.20 | First year waived |
1st Quarter | 1 January - 31 March |
2nd Quarter | 1 April - 30 June |
3rd Quarter | 1 July - 30 September |
4th Quarter | 1 October - 31 December |
*When will the Cashback be Credited?
According to their T&Cs -
How to get the full $250 Cashback?
Quarterly Cashback cap | $250 |
Eligible Expenses in a quarter at 8% Cashback rate | $3,125 |
Per Month | $1,041.67 |
Comparisons with other Cashback Credit Card
Card | Effective Cashback | Categories | Min Spend | Effective Max Spend | Cashback Cap |
HSBC Live+ | 8%* | Dining (8%)
Entertainment (8%)
Shopping (8%)
Caltex/Shell (5%) | $600 / month
(per quarter) | $1,042 / month
($3,125 / quarter) | $250 / quarter |
UOB EVOL | 3.9375% | Online and Contactless (10%)
Overseas FX Transaction (10%) | $800 / month | $800 / month | $80 / month |
Citi Cash Back | 6-8% | Dining (6%)
Groceries (6%)
Ride-hailing (8%)
Petrol (8%) | $800 / month | it depends on how much you spend on each category due to the varying cashback rates | $80 / month |
OCBC 365 | 3-6% | Petrol (6%)
Dining (5%)
Groceries (3%)
Public Transport + Cabs (3%)
Streaming (3%)
Watsons (3%)
EV (3%)
Utilities (3%) | $800 / month | it depends on how much you spend on each category due to the varying cashback rates | $160 / month |
To be honest I think this is a great replacement to UOB EVOL. But similar to how UOB One Credit Card works, if you’re considering HSBC Live+, please do track your expenses on this card to make sure you can hit the minimum spend consistently every month in a quarter for the 8% cashback otherwise, your efforts will be wasted.