HSBC Live+ Credit Card: fees, interest and requirements
The HSBC Live+ Credit Card has an annual fee of ₱5,000 a year, waived in the first year, charges 3% a month on unpaid balances and needs a minimum income of ₱400,000 a year.
Verdict: Worth it if the cash back on your own spending comes to more than ₱5,000 a year. The first year is free. Skip it if you earn under ₱400,000 a year or if you spend a lot abroad (3.5% foreign fee).
From HSBC Credit Card Fees and Charges. Interest cap, in force since 2023: BSP Circular No. 1165, s.2023.
₱20,000 repaid in 3 equal monthly payments at 3% a month costs ₱1,212 in interest; add the ₱5,000 annual fee and a year comes to ₱6,212, 103rd lowest of 127 cards open to the public (tied with 10).
HSBC's closest card is the HSBC Red Platinum Mastercard. Against it, this card costs ₱5,000 a year instead of ₱2,500, earns rewards on different terms, runs on Visa, not Mastercard and has different perks.
BSP supervised: The Hongkong & Shanghai Banking Corporation, universal and commercial bank, BSP institution ID 12, is on the BSP Verifier list dated Sep 28, 2026.
What the HSBC Live+ Credit Card gives you
- You'll earn 0.2% cashback on all transactions with your card. But if you spend at least PHP10,000 in a statement cycle, you'll earn cashback at accelerated rates of 8% for dining and 5% for shopping and entertainment. HSBC card page
- You can earn up to PHP1,250 cashback per month. same page
- 6% cashback on your first transaction, then 3% on all your Caltex fuel purchases same page
- Get free travel insurance coverage of up to PHP10 million when you pay for your travel fare with your HSBC Live+ Credit Card. same page
- With complimentary coverage of up to USD200 for any online purchase losses or damages. same page
Who should get the HSBC Live+ Credit Card
| If | Then |
|---|---|
| You pay in full every month and want a cash back card | The PNB Cashback Titanium Mastercard (PNB) asks the same or a lower income and costs ₱2,500 a year less. Pick the HSBC Live+ Credit Card only if its rewards are worth more than that to you. |
HSBC Live+ Credit Card downsides, and what a late payment costs
- The ₱5,000 fee is charged every year after the waiver ends.
- Foreign currency purchases cost 3.5% extra.
If you pay late: HSBC charges up to ₱1,500, and 3% a month interest runs on what is unpaid. Safe action: pay at least the minimum due by the due date, or the full balance to pay no interest.
HSBC Live+ Credit Card annual fee, interest and charges
| Charge | HSBC Live+ Credit Card | When, and the rule |
|---|---|---|
| Annual fee | ₱5,000 a year Supplementary: ₱2,500 a year | First year waived. HSBC fee page |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same page |
| Cash advance | ₱200 a withdrawal plus 3% a month interest | The BSP maximum (Circ. 1165). same page |
| Late payment | ₱1,500 | same page |
| Foreign transactions | 3.5% | same page |
Figures from HSBC Credit Card Fees and Charges, HSBC card page. BSP ceilings: BSP Circular No. 1165, s.2023. How HSBC words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: HSBC billing rules.
Requirements and how to apply
Income: at least ₱400,000 a year (about ₱33,333 a month). bank page
Apply with the button below. Channels, documents, status and hotline: HSBC contact and requirements.
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| HSBC Live+ Credit Card HSBC | ₱5,000 a year first year free | 3% | ₱6,212 | ₱400,000 a year |
| UnionBank Cash Back Visa Platinum UnionBank | ₱4,500 a year | 3% | ₱5,712 | ₱180,000 a year |
| BDO American Express Cashback Credit Card BDO | ₱250 a month first year free | 3% | ₱4,212 | ₱396,000 a year |
| UnionBank Lazada Credit Card UnionBank | ₱3,000 a year | 3% | ₱4,212 | ₱360,000 a year |