HSBC Launches New Cashback Credit Card | HSBC Live +

HSBC Launches New Cashback Credit Card | HSBC Live +

Written by
Demi Zhuang
Date published
June 21, 2024
📒
Table of Contents
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Open Me!

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.

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At a Glance

8% Cashback for the following Categories

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Dining

Shopping

Entertainment

5% Cashback for

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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 -

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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.

🎁 Exclusive on SingSaver

  1. FLUJO SmartTrax Standing Desk (worth $699)
  2. Dyson AM06 (worth $459)
  3. Sony WF-1000XM5 (worth $429)
  4. $300 eVoucher (Redeem from Merchants such as Shopee, Grab)
  • Valid for new HSBC Credit card holders only
  • Activate and make a min spend of $500 by end of following calendar month from card account opening date
  • Valid from 24 June 5PM - 21 July 2024

➕ $100 Cashback ON TOP of existing rewards!

  • Charge 1 qualifying Transaction by the end of the month after card approval
    • e.g. card approved 25 June, 1 transaction done by end July
  • Valid until 30 September 2024

Sign up here

Rewards Upgrade: Option to upgrade the regular ongoing promo rewards to premium gifts by topping up additional cash themselves. Promotion is valid until 30 June 2024.

Gift Options below:

  • S$200 top up – Sony HT-AX7 Portable Theatre System (worth S$769)
  • S$588 top up – Sony ZV-1M2 Vlog Camera (worth S$1209)
  • S$1,099 top up – Apple iPhone 15 Pro 128GB (worth S$1,664.25)