Cashback credit cards have become an essential financial tool for regular spenders, offering rewards for everyday purchases like dining, shopping, and groceries. Two of the most popular options in India are the Cashback SBI Credit Card and the HSBC Live+ Credit Card. Let’s break down the benefits of each to help you decide which suits your needs best.
Cashback SBI Credit Card:
The SBI Cashback Credit Card is designed for those who want to maximize savings on every transaction, especially online shopping.
- Fees: ₹999 (waived on spending ₹2 lakhs annually)
- Rewards:
- 5% cashback on online transactions.
- 1% cashback on offline transactions.
- Cashback is capped at ₹5,000 per statement cycle.
- 1% fuel surcharge waiver (₹100 max per cycle).
- Exclusions: No cashback on fuel, rent, insurance, education, jewelry, etc.
Apply for SBI Cashback Credit Card
HSBC Live+ Credit Card:
The HSBC Live+ Credit Card caters to lifestyle enthusiasts who enjoy dining, entertainment, and regular shopping.
- Fees: ₹999 (waived on spending ₹2 lakhs annually)
- Rewards:
- 10% cashback on dining, grocery, and food delivery (₹1,000 max per cycle).
- 1.5% cashback on other eligible spends.
- Complimentary lounge access (1 per quarter).
- BOGO movie ticket offers every Saturday.
- Exclusions: Cashback doesn’t apply on fuel, rent, education, toll fees, insurance, etc.
Apply for HSBC Live+ Credit Card
Comparison Table:
| Features | Cashback SBI Credit Card | HSBC Live+ Credit Card |
|---|---|---|
| Joining/Annual Fee | ₹999 + GST | ₹999 + GST |
| Reward Rate | 5% on online, 1% on offline | 10% on dining/food delivery, 1.5% on others |
| Reward Redemption | Next month’s statement | Credited within 45 days of the statement |
| Movie/Dining | N/A | BOGO movie tickets, 15% off at select restaurants |
| Travel Benefits | N/A | 1 complimentary lounge access per quarter |
| Insurance Coverage | N/A | Up to ₹3 lakh insurance for lost cards |
| Fuel Surcharge Waiver | 1% waiver at all petrol pumps | 1% fuel surcharge waiver |
Cashback Exclusions Table:
| Exclusions | Cashback SBI Credit Card | HSBC Live+ Credit Card |
|---|---|---|
| Exclusions | Wallet, Fuel, Rent, Jewelry, Government spends | Fuel, Rent, Education, Toll Fees, Insurance |
Both cards offer great cashback benefits, but SBI Cashback is more suited for online shoppers, while HSBC Live+ excels in dining, travel, and entertainment perks. Choose based on your spending habits!