1.5% on domestic spend · 10% on eligible dining, food delivery, grocery, and utilities
Strong data Pairwise comparison
Compare 3+ cards →
HSBC Live+ vs SBM Niyo Global
Side-by-side comparison of the HSBC India Live+ and the SBM Bank (India) Niyo Global. Verify fees, lounge access, forex markup, and base rewards before you apply.
The short answer
Pick Niyo Global for spending abroad.
Niyo Global costs ₹999 less a year.
Head-to-head
- Annual fee Annual fee outcome: tie. ₹999/yr apart · waiver gates differLive+ ₹999 Waivable at ₹2,00,000 spendNiyo Global ₹0
- Forex markup Forex markup outcome: Niyo Global wins. Niyo Global saves ~₹1,990 per ₹1L abroadLive+ 1.99%Niyo Global 0%
- Domestic lounge Domestic lounge outcome: insufficient data to compare. Live+ 2/yearNiyo Global Not specified
- Rewards Rewards outcome: insufficient data to compare. conservative base valueLive+ ~1.5%Niyo Global Not specified
Reward earning explained
Example usage at this monthly spend
At ₹50k/month spend:
- HSBC Live+: ~₹750/month at base rate
- Niyo Global SBM: Base earn not clearly specified
Illustrative only, using current base rates before caps.
All fields
| Field | Live+ HSBC India | Niyo Global SBM Bank (India) |
|---|---|---|
| Lounge Access | ||
| Domestic lounge visits Only available for HSBC Live+ | 2/year | Not specified |
| International lounge visits Only available for HSBC Live+ | 1 per year | Not specified |
| Forex / International Use | ||
| Forex markup Source agreement differs — verify both. 1.99% vs 0% | 1.99% | 0% |
| Fees | ||
| Recurring annual fee ₹999 vs ₹0 | ₹999 | ₹0 |
| Annual-fee waiver Only available for HSBC Live+ | ₹2,00,000 | Not specified |
| Interest-free period Only available for Niyo Global SBM | Not specified | Up to 45 days |
| Monthly interest rate 3.75% / month vs 3% / month | 3.75% / month | 3% / month |
| Rewards | ||
| Base cashback Some reward lanes are unsupported — base rate only for comparison. Only available for HSBC Live+ | 1.5% on domestic spend | Not specified |
| Earn ceiling ₹1,200 per month — shared across Dining, Food delivery, Grocery, Shopping & Utilities vs Not stated | ₹1,200 per month — shared across Dining, Food delivery, Grocery, Shopping & Utilities | Not stated |
Notes
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.
HSBC India Live+
Verify with issuer , opens external siteSBM Bank (India) Niyo Global