CASHBACK SBI Card vs HSBC Live+ Credit Card
Last verified 19 Oct 2026 · how we compare
Side by side
| Feature | CASHBACK SBI Card | HSBC Live+ Credit Card |
|---|---|---|
| Issuer | SBI Card | HSBC |
| Joining fee | ₹999 | ₹999 |
| Annual fee | ₹999 | ₹999 |
| Fee waiver | Renewal fee reversed if annual spends in the previous year are ₹2,00,000 or more | The ₹999 joining fee is charged after your first transaction. The ₹999 annual fee is charged at the end of each card year and refunded in full, with GST, if you spend more than ₹2,00,000 in that year across your main and add-on cards. |
| Everyday spends (value back) | 1% | 1.5% |
| Online shopping (value back) | 5% | 1.5% |
| Fuel (value back) | 0% | 0% |
| Groceries (value back) | – | 10% |
| Travel (value back) | – | 1.5% |
| Bills and utilities (value back) | 0% | 10% |
| Dining and food delivery (value back) | 5% | 10% |
| Rewards in short | Flat cashback card: 5% on online spends and 1% on offline spends, capped at ₹4,000 a statement cycle. | Cashback card: 10% back on dining, food delivery, groceries, shopping and utility bills, capped at ₹1,200 a month (reached at ₹12,000 of these spends), and 1.5% on most other spends with no cap. Amazon, Flipkart and Myntra earn 1.5%, not 10%. Spends abroad earn no cashback, but the forex markup is a low 1.99%. |
| Works on UPI | No | No |
| Airport lounge | Not published by the bank | 2 domestic visits a year (no more than one every 6 calendar months) and 1 international visit a year, from 1 September 2026; no spend condition is published. HSBC's lounge-access page still shows the older 4 domestic visits a year. |
| Forex markup | 3.5% | 1.99% |
| Fuel surcharge waiver | 1% waiver on fuel transactions of ₹500 to ₹3,000; max ₹100 per statement cycle | No fuel surcharge waiver on this card. Limited offer until 31 Dec 2026: ₹250 cashback in a calendar quarter once contactless fuel spends reach ₹10,000 (each payment ₹1,000 to ₹5,000). |
| Card network | Visa | Visa |
| Minimum income (salaried) | Not published by the bank | ₹50,000 a month |
Value back is the % of spend you get at the bank's published redemption value. “–” means the bank doesn't publish it. Fees exclude GST.
Which one to pick
Pick the CASHBACK SBI Card if
most of your spending is online, across many shopping sites
₹999 joining, ₹999 a year
Pick the HSBC Live+ Credit Card if
you spend on food, groceries and bills and live in one of HSBC's 21 cities
₹999 joining, ₹999 a year
CreditParakh is not a bank or lender. Approval, limits and final terms are decided by the issuer.
Questions people ask
Which is better, SBI Cashback or HSBC Live+?
It depends on the spend. On ₹10,000 a month of dining, food delivery, groceries and utility bills, Live+ pays ₹1,000, while CASHBACK SBI pays 5% only on the online part and nothing on utilities. On ₹20,000 a month at Amazon, Flipkart or Myntra, CASHBACK SBI pays ₹1,000 against Live+'s ₹300. On other in-store spends Live+ pays 1.5% with no cap, against CASHBACK SBI's 1%.
Can I get HSBC Live+ anywhere in India?
No. HSBC issues it only to residents of 21 cities, including Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata and Pune, with income of at least ₹6 lakh a year if salaried or ₹12 lakh if self-employed. SBI doesn't publish income criteria for CASHBACK SBI.
Does either card have lounge access?
HSBC Live+ does: from 1 September 2026, 2 domestic airport visits a year (no more than one every 6 calendar months) and 1 international visit a year, with no spend condition published. SBI doesn't list lounge access for CASHBACK SBI.
Which is better for spending abroad?
Live+ charges a 1.99% forex markup against CASHBACK SBI's 3.5%, though Live+ gives no cashback on spends abroad.
Full details: CASHBACK SBI Card · HSBC Live+ Credit Card · find the card that fits your spending
Last verified 19 Oct 2026 on each issuer's official page. Fees and rewards change; check the issuer's terms before you apply.