Compare the Best Hong Kong Credit Cards 2020

Annual Interest Rate	33.41%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	All interest, fees, charges (including Annual Fee(s)), the total of the over-limit amount and/or the overdue amount (where applicable) that may be charged, plus 1% of outstanding principal or HKD/CNY220, whichever is higher
Interest Free Period	Up to 56 days

Local Resident	HK$96,000
Foreigner	HK$0

Card Association	Mastercard
Wireless Payment	Mastercard contactless

Annual Interest Rate	37.67%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	The Minimum Payment is calculated as the highest of the following three amounts: (i) 1.5% of outstanding Principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220 , plus any overdue minimum payments and any amount exceeding your credit limit
Interest Free Period

Local Resident	HK$300,000
Foreigner	HK$300,000

Card Association	American Express
Wireless Payment	Amex Pay

Annual Interest Rate	35.52%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.5% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$240,000
Foreigner	HK$240,000

Card Association	Visa
Wireless Payment	Visa payWave

Best Credit Cards in Hong Kong 2020

Credit Card	Minimum Salary	Annual Fee
Standard Chartered Simply Cash Credit Card	HK$96,000	HK$1,800
Citi Rewards Visa Card	HK$150,000	HK$1,800
Hang Seng enJoy Card	HK$150,000	HK$0
Standard Chartered Asia Miles Mastercard	HK$96,000	HK$1,800
Hang Seng MPOWER Card	HK$150,000	HK$0
DBS Black World Mastercard	HK$240,000	HK$2,000
American Express Cathay Pacific Elite Credit Card	HK$300,000	HK$1,800
BEA Flyer World Mastercard	HK$240,000	HK$1,800
American Express Platinum Credit Card	HK$300,000	HK$2,200
WeWa UnionPay Card	HK$0	HK$800
EarnMORE UnionPay Card	HK$0	HK$800
Citi Cash Back Visa Card	HK$240,000	HK$1,800

HK Credit Card Offers

HSBC Credit Cards

HSBC cards feature an attractive rewards program- the Red Hot Rewards. This program allows all cardholders to collect reward points for eligible transactions with the earning ration of HK$250 = 1 RewardCash, which can be converted into shopping coupons, air miles or cash rebates.

Standard Chartered Credit Cards

All Standard Chartered customers can earn rewards for eligible purchases. Rewards range from Asia Miles (with the Standard Chartered Asia Miles card), cashback, or 360° Rewards Points. Cardholders can exchange points for vouchers at merchants such as PARKnSHOP and IKEA. Other shopping categories include electronics, lifestyle products, and travel.

Citibank Credit Cards

Citi PremierMiles Card and Citi Rewards Card are the signature cards for Citibank. The former one is a good choice for collecting Asia Miles with the earning ratio of HK$8=1 mile with no mileage conversion fee while the latter one offers many travel perks including up to 12 times of free access to the airport lounge. Moreover, you can earn bonus reward points for spending in supermarkets and department stores. These points can be redeemed for cash coupons, miles, or used to offset purchases.

DBS Credit Cards

DBS Black Card is famous for collecting miles. All DBS personal credit card holders (except for COMPASS VISA cardholders) can earn DBS $1 for every HK$250 spending, which can be used for cash rebate or other rewards under the Reward Scheme. But changes to the type of reward scheme can only be made once a year.

How to Choose the Best Credit Card for You in 3 Steps

There isn’t one credit card that is better than the rest. The best card for you depends on your lifestyle and regular spending habits. Here’s 3 ways to decide which card is best for you.

Step 1

Identify the type of card that best fits your lifestyle

Firstly, you want to make sure you are benefitting from the things that you spend the most money on. For example, if you spend the most on dining every month, it would make sense to get a card that maximizes the benefits you get from spending all that money eating out.

Step 2

Understand your intentions

It’s important to think about how you intend on using your card benefits. Do you prefer immediate cash rebates? Or would you prefer to collect and redeem Asia miles? Understanding what types of benefits you’d like is a major factor in deciding which card would be better for you.

Step 3

Consider the charges in the Terms and Conditions

Dig deeper into the card details to find one with the best overall value. For example, what is the expiry date for point redemptions? What are the international and domestic transfer fees? What is the required spending before you qualify for the sign-up bonus? These are a few of the important questions to think through as you shop for your new card.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance transfer fees: Charged when you move a balance from one card to another, usually 3-4% of the amount.
Late payment fees: If you don’t pay at least the minimum payment on your credit card payment due date, you may incur a late payment fee, usually HK$80-350.
Foreign transaction fees: If you love to travel, be cautious of this fee whenever a purchase is made outside of Hong Kong, as it is typically between 3-4% of the purchase amount.

Credit Card Recommendations 2020

Which cards suit me the most?

There's no best credit card that suits everyone. Let's pick a card based on your spending habits!

Travel Credit Cards

Digital Wallet Credit Cards

Best PayMe Credit Cards in Hong Kong

Types of Credit Cards

Local Spending Credit Cards

Frequently Asked Questions

Does Hong Kong take credit cards?

Yes. Visa, Mastercard, Union Pay and American Express credit cards are widely accepted in Hong Kong.

Can I use my credit card in Hong Kong?

Visa and Mastercard can be accepted worldwide but cardholders need to be aware that foreign transactions fee may apply. If cardholders wish to pay in his/ her preferred currency other than the local currency, Dynamic currency conversion (DCC) will be charged in addition to the foreign transaction fee.

Which credit card is best in Hong Kong?

There is no single card that suits everyone. Card applicant should pick credit cards with different spending categories to earn the most rewards. For reward point credit cards, cardholders can exchange for cash rebates, air miles, coupons, and other gifts flexibly. Air miles credit cards are suitable for frequent flyers who don’t mind the complicated redemption procedure. Cashback credit cards are suitable for low spenders to get rebates directly.

Do taxis in Hong Kong accept credit cards?

Generally speaking, no. Taxi fare needs to be settled by cash in Hong Kong.

Which credit card has the best foreign exchange rate?

It varies from providers to providers. It is best to check on the card issuer’s website for the exact foreign exchange rate on the day of the transaction. To make your money go further, you should also consider other factors like transaction fees, earning ratio, etc. when choosing which card to use overseas.

Which credit card has no foreign exchange fee?

Most UnionPay Cards do not charge a foreign exchange fee. But it doesn’t mean that it’s best to use UnionPay Cards for foreign transactions. To make your hard-earned money go further, other factors like transaction fees, earning ratio, etc. should also be taken into consideration.

Compare Credit Cards in Hong Kong

Our Best Picks

Standard Chartered Asia Miles Mastercard

American Express Cathay Pacific Elite Credit Card

Citi Cash Back Visa Card

Best Credit Cards in Hong Kong 2020

HK Credit Card Offers

HSBC Credit Cards

Standard Chartered Credit Cards

Citibank Credit Cards

DBS Credit Cards

How to Choose the Best Credit Card for You in 3 Steps

Identify the type of card that best fits your lifestyle

Understand your intentions

Consider the charges in the Terms and Conditions

Common Credit Card Fees

Credit Card Recommendations 2020

Travel Credit Cards

Digital Wallet Credit Cards

Types of Credit Cards

Local Spending Credit Cards

Frequently Asked Questions

Does Hong Kong take credit cards?

Can I use my credit card in Hong Kong?

Which credit card is best in Hong Kong?

Do taxis in Hong Kong accept credit cards?

Which credit card has the best foreign exchange rate?

Which credit card has no foreign exchange fee?

Compare Credit Cards in Hong Kong

Our Best Picks

Standard Chartered Asia Miles Mastercard

Key Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

American Express Cathay Pacific Elite Credit Card

Key Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi Cash Back Visa Card

Other Promotions

Key Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Best Credit Cards in Hong Kong 2020

HK Credit Card Offers

HSBC Credit Cards

Standard Chartered Credit Cards

Citibank Credit Cards

DBS Credit Cards

How to Choose the Best Credit Card for You in 3 Steps

Identify the type of card that best fits your lifestyle

Understand your intentions

Consider the charges in the Terms and Conditions

Common Credit Card Fees

Credit Card Recommendations 2020

Travel Credit Cards

Digital Wallet Credit Cards

Types of Credit Cards

Local Spending Credit Cards

Frequently Asked Questions

Does Hong Kong take credit cards?

Can I use my credit card in Hong Kong?

Which credit card is best in Hong Kong?

Do taxis in Hong Kong accept credit cards?

Which credit card has the best foreign exchange rate?

Which credit card has no foreign exchange fee?