HSBC Live Plus vs IOB ZET Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.

HSBC Live Plus Credit Card versus IOB ZET Credit Card compared
Feature	HSBC Live Plus Credit CardHSBC4 recent changes →	IOB ZET Credit CardIndian Overseas Bank
Rewards by spend
Rewards	1.5% base, up to 10% on dining	Rewards not published
UPI payments (scan and pay)same	Earns nothing	Earns nothing
Online shopping	10%	Not stated
Dining and food delivery	10%	Not stated
Groceries	10%	Not stated
Travel: flights, hotels, trains	1.5%	Not stated
Fuel	Earns nothing	Not stated
Bills and recharges	10%	Not stated
Rent	Earns nothing	Not stated
Insurance premiums	Earns nothing	Not stated
School and college fees	Earns nothing	Not stated
Wallet top-ups	Earns nothing	Not stated
Taxes and government payments	Earns nothing	Not stated
Spend abroad or in a foreign currency	Earns nothing	Not stated
Everything else	1.5%	Not stated
Card identity
Card type	Dining	Secured
Network	Visa	-
Card tier	Mid	-
Fees
Joining fee	₹999 + GST	Free
Annual fee	₹999 + GST	Free
Lifetime free	No	Yes
Fee waived at	₹2,00,000	-
Eligibility
Min age	18 years	-
Max age	65 years	-
Employment type	BOTH	-
Min monthly salary	₹50,000	-
Min credit score	750	-
Rewards
Reward type	Cashback	-
Point value	₹1	-
Fuel surcharge
Fuel surcharge waiver	Yes	No
Lounge access
Domestic lounge visits	2	-
International lounge visits	1	-
Lounge condition	2 complimentary domestic lounge visits per year (one per 6 months) plus 1 international lounge visit per year from 1 September 2026	-
Forex and international
Forex markup	1.99%	2.49%
UPI rewards
Works on UPI	No	-
Interest and charges
Interest rate (monthly)	3.75%	-
Interest rate (annual)	45%	-
Page content
Eligibility	Age: 21 to 65 years Employment: Salaried and Self Employed Salaried Income: Rs 50000/monthly Self Employed: ITR > Rs 12,00,000/annually Credit Score: 750+	-
Documents needed	ID Proof: PAN Card/Form 60 Address Proof: Aadhaar, Passport, or utility bills Income Proof: Bank statements or Salary slips Photograph: Recent passport-sized photo	-
Apply	Apply Now	Apply Now

Best For

HSBC Live Plus Credit Card

Families with big food and grocery bills
Frequent Swiggy and Zomato users
People wanting simple cashback

IOB ZET Credit Card

First-time credit users
Students and new earners
People rebuilding a credit score
UPI users

Watch-Outs

HSBC Live Plus Credit Card

10% categories share one Rs 1,200 monthly cap
No cashback on fuel, rent, insurance, education, wallets or EMIs
No cashback on international spends
Lounge visits cut to just 2 domestic a year

IOB ZET Credit Card

Credit limit is capped at 90% of your deposit
Cashback applies only to UPI payments made through ZET
Discount offers vary by brand and change over time

Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, HSBC Live Plus Credit Card or IOB ZET Credit Card?

IOB ZET Credit Card. IOB ZET Credit Card: no annual fee; HSBC Live Plus Credit Card: ₹999. Check whether a spend-based waiver applies before you decide.

Which is better for spending abroad?

HSBC Live Plus Credit Card has the lowest forex markup. HSBC Live Plus Credit Card: 1.99%; IOB ZET Credit Card: 2.49%. The markup is charged on every foreign-currency transaction, before GST.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

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