If I am not mistaken HSBC Singapore just launched this card. Maybe it will be launched in MY too?

Live+ already on HSBC MY website

https://www.hsbc.com.my/credit-cards/products/liveplus/

nothing related to BNM. it is depend on bank good will. besides, it is always a risk that bank wont waive annual fees. TNC did not say this card can waive annual fees. Some sites say use 2k or swipe 12x to waive however u wont find this info from bank tnc. That why always check bank cc tnc. U will lose if u don't have any doc tnc from bank to support it.
your best try is pay off the outstanding, cancel the card and see if retention team allow to counter offer.

You can read page 1 on this topic.

my bad experience is on Standard chartered. they revised the tnc and did not honor my welcome gift after 6 month.
Keep say new tnc does not meet requirement. Lucky I save the old tnc and showed to them. then they admit changed the tnc and give me welcome gift as they sure lost when I bring to bnm. However, I already dislike that bank as they did the same for jumpstart promo. So I 've terminated SC cc, follow by saving ACC & lastly jump start. say bye bye to that bank forever. Lesson learned, initially I plan to apply HSBC VS but found this loopholes. Therefore abort applying this card.

But this is a new T&C effective from 25June2024. Pg43.

this year hsbc so strict, no sst cashback, AF waiver given even threaten to cancel the card. Cancelled all the card, hoping can get better NTB reward next time 

they offer me RM50 instead with condition to perform 3 trx 

Or check his usage. Low usage, waste time to retain. Just terminate those not provide revenue to bank

You can actually cancel the card and combine it to another card within same bank?
Wow looks something new to me.

I see. Can I ask one more thing regarding the annual fee waiver which is the 12x swipe to waive?
Is it need to swipe at least once every month for 12 consecutive month? Or as long as 12 swipe in one year?

Sad. I will cancel HSBC due to the annual fee…