HSBC Live+
EntryHSBC India
Where it ranks · across all 71 cards
Reward rules
Base rate - everything not covered below
cashback
1.50%
effective
International spends earn NOTHING (from 26 Jul 2026)
cashback
0.00%
effective
The 26 Jul 2026 revision that widened the 10% lane also killed cashback on international spends.
Source: HSBC Live+ page + footnotes (26 Jul 2026 revision) · 2026-08-22
Amazon / Flipkart: 1.5% only (excluded from 10% shopping)
cashback
1.50%
effective
Myntra earns 10% as a LIMITED launch offer until 31 Oct 2026, then drops to 1.5% - move it back into this rule after that date. Amazon/Flipkart stay at 1.5%.
Source: HSBC Live+ Service Guide 07/26 (bank PDF) · 2026-08-22
10% dining / food delivery / groceries / shopping / utilities
cashback
10.00%
effective
Since 26 Jul 2026: shopping + utilities joined the 10% set; cap ₹1,200/month (bank site).
Source: HSBC Live+ (bank site, verified Aug 2026) · 2026-08-20
Earns nothing on
- ⊘ Fuel: 0% cashback (Service Guide MCC table).51725541554255525983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
- ⊘ Rent and property management: 0% cashback.651370127349bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ E-wallet loads: 0% cashback.6540bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ Insurance: 0% cashback.59606300bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Jewellery and antiques: 0% cashback.5094593259375944bank MCC list→ use HDFC Infinia Metal here (3.3%)
- ⊘ Local bus transport and tolls/bridge fees: 0% cashback.41114784bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Education: 0% cashback.8211822082418244824982998351bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Government: 0% cashback.92119222922393119399940294059950bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Hospitals (MCC 8062): 0% cashback on Live+ - unusual exclusion, straight from the MCC table.8062bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Gambling: 0% cashback.7995bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ EMI-converted transactions earn no cashback (Service Guide - no MCC, transaction-type based).
Plays with this card
- 🟢 HSBC Live+ after the Jul 2026 UP-valuation - the ₹12,000 lane
The only card that got BETTER in 2026: 10% now spans dining, food delivery, groceries, utilities AND ~40 shopping MCCs, cap raised to ₹1,200/cycle. First ₹12,000 of the right spends each month = flat 10%.
₹12,000/month in-lane → ₹1,200 → ₹14,400/year at a guaranteed 10%.
- 🥇 Gold below parity - AJIO coins on the apparel MCC
AJIO (Reliance) still processes gold coins under an apparel MCC - the last marketplace where cards earn on gold. Bhima 1g bars have listed BELOW spot+GST during promos; stack BoB Eterna 3.75% online or HSBC Live+ 1.5% plus its recurring AJIO instant-discount offers and you buy gold under parity on a credit card.
Aug 2026 live check: 6×1g Bhima bars ₹96,822 on Eterna → ₹3,631 back → effective ₹15,532/g vs ₹16,488 spot+GST parity = 5.8% BELOW parity.