How to save with cashback credit cards for online shopping
By using a cashback credit card for your online purchases, you earn a percentage of your spend back as a rebate, effectively lowering the cost of your goods.
This guide explores the benefits of using credit cards for online shopping and how the HSBC Live+ Credit Card can maximise your savings.
What is a cashback credit card?
A cashback credit card is a payment card that refunds a percentage of your spending, credited to your account to offset purchases or reduce debt.
For example, the HSBC Live+ Credit Card offers unlimited cashback on eligible local and overseas purchases, rewarding frequent use and helping you save more as you spend.
Ideal for cashback on shopping, dining and entertainment spends
Apply for an HSBC Live+ credit card online to receive cashback offer worth up to VND2 million today!
HSBC Live+ card vs debit card and cash
Choosing the right payment method can make a big difference. While debit cards and cash are straightforward, they don't offer the same rewards and security as a cashback credit card.
| Feature | HSBC Live+ Credit Card | Standard debit card / cash |
|---|---|---|
| Cashback rewards | Up to 8% cashback on shopping | No rewards or cashback |
| Online security | Advanced fraud protection and 3D Secure | Direct link to bank account, higher risk |
| Global acceptance | Accepted on international websites | Limited international use |
| Welcome bonus | VND800,000 off first year fee plus up to VND2 million cashback | No welcome offers |
| Exclusive deals | Access to dining and partner discounts | Standard transactions only |
| Transaction fees | No fees on eligible retail purchases | May include ATM, foreign transaction, or cash withdrawal fees |
| Feature | Cashback rewards | Cashback rewards |
|---|---|---|
| HSBC Live+ Credit Card | Up to 8% cashback on shopping | Up to 8% cashback on shopping |
| Standard debit card / cash | No rewards or cashback | No rewards or cashback |
| Feature | Online security | Online security |
| HSBC Live+ Credit Card | Advanced fraud protection and 3D Secure | Advanced fraud protection and 3D Secure |
| Standard debit card / cash | Direct link to bank account, higher risk | Direct link to bank account, higher risk |
| Feature | Global acceptance | Global acceptance |
| HSBC Live+ Credit Card | Accepted on international websites | Accepted on international websites |
| Standard debit card / cash | Limited international use | Limited international use |
| Feature | Welcome bonus | Welcome bonus |
| HSBC Live+ Credit Card | VND800,000 off first year fee plus up to VND2 million cashback | VND800,000 off first year fee plus up to VND2 million cashback |
| Standard debit card / cash | No welcome offers | No welcome offers |
| Feature | Exclusive deals | Exclusive deals |
| HSBC Live+ Credit Card | Access to dining and partner discounts | Access to dining and partner discounts |
| Standard debit card / cash | Standard transactions only | Standard transactions only |
| Feature | Transaction fees | Transaction fees |
| HSBC Live+ Credit Card | No fees on eligible retail purchases | No fees on eligible retail purchases |
| Standard debit card / cash | May include ATM, foreign transaction, or cash withdrawal fees | May include ATM, foreign transaction, or cash withdrawal fees |
What are the benefits of using a credit card for online spends?
Beyond earning cashback, using a credit card for online transactions offers superior security and convenience compared to debit cards or cash.
1. Enhanced convenience
Credit cards allow you to complete transactions in just a few steps. When shopping on reputable e-commerce platforms, you avoid the hassle of manual bank transfers or the risks associated with handling cash on delivery.
2. Widely accepted payment method
Unlike cash or debit cards, credit cards are an accepted mode of payment across almost all online shopping platforms. This allows you to shop internationally with peace of mind.
3. Earn more with every purchase
Credit cards unlock a variety of financial benefits:
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Cashback: Deduct earnings from your current balance.
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Rewards points: Redeem for shopping vouchers, products, or gifts.
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Discounts: Access exclusive merchant offers not available to cash users.
Savings example
Linh, an avid online shopper in Ho Chi Minh City, switched to the HSBC Live+ card a year ago. By using her card for groceries, clothes, and paying for streaming services, she earned an average of VND167,000 in cashback each month. Over the year, Linh saved over VND2 million just by using her Live+ card for her usual spending.
4. Safer transactions
Credit cards offer robust security measures that separate your purchase from your main bank funds. HSBC credit cards ensure safe online transactions through:
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Advanced payment protection: Features like 3D Secure protect against fraud.
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Layered security: Mastercard SecureCode and Verified by Visa provide extra verification steps.
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Real-time tracking: Monitor your balance in real time via the HSBC Vietnam App.
Learn more about the HSBC Live+ Credit Card
The HSBC Live+ Credit Card is tailored for those who want to turn their lifestyle spending into savings.
Key cashback features:
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Shopping online and instore: Get up to 8% cashback, capped at VND200,000 per month (6% for all customers, plus an extra 2% for payroll customers).
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Dining: Enjoy a discount of 15% or more at over 200 restaurants across Asia through the curated Live+ Dining Programme.
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Entertainment: Receive unlimited 1% cashback on entertainment spending, including cinema tickets and subscriptions to Netflix or Spotify.
You can keep up to date with the latest discounts when shopping online with the HSBC Live+ Credit Card at Daily offers.
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How to apply online for HSBC Live+ Credit Cards
Apply for the HSBC Live+ Credit Card online by simply following a few steps. Before you start, you're advised to visit our HSBC Live+ page for details on eligibility, documents, and applicable fees and charges.
Step-by-step application guide:
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Select the 'Apply online' button.
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Follow the instructions on the screen to continue your application.
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Upload the required documents (if any).
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Enter your details to receive a security code via SMS.
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Enter the security code to submit your completed application.
After completing the steps, you'll get an email from HSBC, and our team will contact you within 1-2 working days.
Moreover, you'll receive many other attractive gifts upon registering to open a credit card from HSBC's partners, including Shopee, Traveloka, TIKI, CellphoneS, Caophong, Nguyen Kim, Maison and FPT Shop. (This list may be updated from time to time.)
Frequently asked questions
Is it safe to use a cashback credit card for online shopping?
Yes, it's generally safer than using a debit card. HSBC credit cards use advanced encryption and 3D Secure technology to verify your identity and protect against fraudulent transactions.
How is cashback credited to my account?
Your cashback is automatically calculated and credited to your primary credit card account each month. You'll see the rewards without any extra steps.
Can foreigners apply for the HSBC Live+ Credit Card?
Yes, foreigners residing in Vietnam can apply if they have a minimum monthly income of VND40 million. For the most current details, please visit the HSBC Live+ page.
Cashback credit cards can be safe and convenient payment method for shopping online. You can also enjoy cashback offers for every online spend and rewards.
This article is for general informational purposes only. Please refer to the latest information on our HSBC Live+ Credit Card page.
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