HSBC Launches Live+ Credit Card That Gives You 15% Off Dining Deals & Cashback Of Up To 8%
It also gives you cashback when you spend on Netflix, Disney+, Spotify, as well as RM10 off at GSC Cinemas.
By Gowri Chitra — 26 Jun 2024, 01:44 PM
HSBC Malaysia has just launched a brand new lifestyle credit card, the HSBC Live+ Credit Card, in partnership with Visa
The credit card is designed to elevate your lifestyle, giving you deals and cashback when you spend on dining, shopping, and entertainment.
Key features of HSBC Live+ Credit Card include:
- Exclusive dining discounts: Enjoy up to 15% off your total bill at over 200 restaurants across Asia through the curated Live+ Dining Programme. Plus, enjoy up to 8% cashback* on your dining bill.
- Shopping: Enjoy up to 8% cashback* at clothing stores, sporting goods, and departmental stores
- Entertainment: Enjoy up to 8% cashback* on entertainment spending at cinemas and on your favourite streaming subscriptions, including Netflix, Disney+, Spotify, and more. Also, from 1 July onwards, you can enjoy RM10 off at any GSC Cinemas outlet on weekends.
- Unlimited cashback on all other eligible spending: 0.5% cashback on overseas spend & 0.2% cashback on domestic spend
*Terms and conditions apply.
Taylan Turan, Chief Executive Officer, Retail Banking, HSBC said, "We combine our global expertise and knowledge on-the-ground to design products that meet local customers' needs, such as our new Live+ credit card.
"As wealth creation drives more spending among the middle class and emerging affluent segments, we designed Live+ to offer outstanding lifestyle experiences and accessible rewards that resonate with our customers.
"We're excited to bring this card to Malaysia, where we have been investing in our wealth and personal banking capabilities and look forward to expanding Live+ into other dynamic global markets."
Malaysia is one of the first markets to introduce the HSBC Live+ Credit Card, with subsequent launches planned in multiple markets globally this year
A study carried out by HSBC in 2023 found that cashback credit cards are favoured among South Asian customers, garnering nearly 40% of consumer ownership. Simply put, consumers in this region not only enjoy spending on their lifestyle experiences, but also enjoy the rewards that come through everyday spending.
The research also revealed that consumers in Southeast Asia, with their increased spending power and greater international exposure, derive the most enjoyment in shopping therapy and dining with friends.
"According to the spend data by HSBC-Visa cardholders, spending on food is a top priority for Asians, with restaurants and food-related expenses ranking in the top three spend categories in seven out of eight markets.
"This underscores the significance of dining in the region and the value that the HSBC Live+ Credit Card brings to its cardholders.
"Dining, shopping, and entertainment are key lifestyle experiences that most Malaysians can relate to, and this is why the HSBC Live+ Credit Card is specifically designed for customers to enjoy quality experiences from their lifestyle choices and be rewarded in the form of cashback for both their local and overseas spend," commented Linda Yip, Country Head of Wealth and Personal Banking, HSBC Malaysia.
Residents who are 21 years old or above with an annual income of RM60,000 can apply for the HSBC Live+ credit card via HSBC branches and official website
