Best Credit Cards in Hong Kong

Compare Hong Kong credit cards to earn most air miles, cashback and welcome offers, apply through MoneySmart to get extra rewards! Read More
We found 65 Credit Cards for you!
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Standard Chartered logo
MoneySmart Exclusive
5% rebate|Waive foreign exchange fee
Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
HK$2,788

【SC Smart Card Offer: Total rewards amount is as high as HK$4,288!】 New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get extra HK$1,200 Apple Store Gift Card or HK$1,200 PARKnSHOP supermarket voucher or PHILIPS RO Water Dispenser ADD6910/90(value: HK$2,788)!

Valid until 29 Feb 2024 - See more details below
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sim logo
MoneySmart Exclusive
8% cashback on online retail transactions*
Cashback on Online Retail Transactions
8%
Fee Waiver
First Year Free
Minimum Income Requirements
N/A

【🔥Hottest Deal in Town: Earn a HomePod Mini and Supercharge Your Welcome Offer!】
From now until 29 February 2024, customers apply for a designated sim credit card through MoneySmart (sim Credit Card/ sim World Mastercard®️) successfully to get a HomePod mini (Retail Price: HK$749) or HK$500 Apple Store Gift Card/ PARKnSHOP Voucher/ HKTVmall E-vouchers! Including the welcome offer, you can enjoy up to HK$1,249 rewards in total!



💡Quick Reminder: Speed up your approval process - After completing your online application, please screenshot your reference ID (which should be 88-XXXXXXXXX-X-03XX-thesim), and conduct digital ID verification on the sim Credit Card App. Complete the verification within 3 hours after application, and sim will offer an additional HK$50 cash rebate!

Valid until 29 Feb 2024 - See more details below
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Standard Chartered logo
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, online and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
63,000 miles

[Limited Time Offer]
Apply for Standard Chartered Cathy Mastercard - Priority Private now via MoneySmart to get an extra HK$900 PARKnSHOP supermarket vouchers or HK$900 Apple Store Gift Card or JBL SOUNDGEAR SENSE Headphone  (Retail price: HK$1,299)!

Valid until 29 Feb 2024 - See more details below
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DBS logo
MoneySmart Exclusive
Redeem various mileage points without any fee
Welcome Offer
Up to 42,000 miles
Upon meeting local and overseas spending goal*
HK$3/mile
Miles Conversion (overseas spend)
HK$4/mile

Ultimate Gift Upgrade! Apply Today for Exclusive Bowers & Wilkins Pi5 S2!
From now until 29 February, customers who successfully apply for DBS Black World Mastercard via MoneySmart, can enjoy a Pi5 S2 In-Ear True Wireless Earbuds (retail price: HK$2,380) or HK$800 Apple Store Gift Card/ Klook Voucher/ PARKnSHOP Supermarket Voucher! You can also earn the bank welcome offer of up to 42,000 miles simultaneously!



Save Big on Your Travel Plan!】During 1-29 February, book the designated products via the Klook website or mobile app to enjoy up to 50% off: Save HK$100 upon a single net spending of HK$1,000 or above; Enjoy HK$100 off (up to 50% off) upon a single net spending of HK$200 on overseas activities (out of Hong Kong & Macau)! Don't miss out on these unbeatable deals!

Valid until 29 Feb 2024 - See more details below
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American Express logo
MoneySmart Exclusive
No expiry date for Membership Rewards points
Min. Annual Salary
HK$300,000
Complimentary Plaza Premium Lounge Access
8 times per Calendar Year
Miles Conversion (Eligible Foreign Currency Transaction)*
HK$2 = 1 Mile

【Get up to $600 rewards by applying American Express Explorer Credit Card via MoneySmart! MoneySmart rewards you with extra HK$100 HKTVmall eGift voucher exclusively!】 From 23 February to 29 February, eligible customers who successfully apply for American Express Explorer Credit Card via MoneySmart can enjoy an additional HK$100 HKTVmall eGift voucher (Fulfilled by MoneySmart)!



【🏮CNY Exclusive - Get an extra HK$500 Statement Credit】From now on until 29 February, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 🔥additional HK$500 statement credit when completing the first transaction within the first 3 months, and get 7,000 miles/ HK$420 rewards (from 126,000 points)upon the qualified spending of HK$7,000 within the first 3 months! Spend 7,000 and Earn 7,000 Miles! Plus, you can enjoy 8 complimentary access to Plaza Premium Lounges all over the world for a whole year!



Zoom to Japan, Korea, and Taiwan with Lightning Speed! Earn HK$2=1 mile on eligible foreign currency transactions, up to 720,000 Points, enough to redeem for 40,000 miles. Plus, earn HK$4.5=1 mile on eligible local transactions, up to 432,000 Points, enough to redeem for 24,000 miles. That's a potential of up to 64,000 bonus miles!



【🌟Attention Electronic Shoppers!】Looking to take your electronic or Apple product purchases to the next level? The Explorer Card has got you covered! You’ll enjoy an extended 1-year warranty on any purchase; plus earn 5 Membership Rewards points for every eligible HK$1 spent at the Apple Online Store. Seize the chance and APPLY NOW!

Valid until 29 Feb 2024 - See more details below
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Hang Seng Bank logo
MoneySmart Exclusive
Up to 4x Points to spend as cash
Annual fees
Perpetual annual fee waiver
Cash back on local spend
2%
Welcome Offer
Up to 120,000 yuu Points

【Make Every Grocery Trip Count: Enjoy the Limited-time Offer!】
From now until 29 February, new credit card customers* who successfully applied for the Hang Seng enJoy Card via MoneySmart simply spend HK$1,000 within 30 days after card issuance, can enjoy an extra Dreame Hair Glory High-Speed Hair Dryer (Retail Price: HK$1,199) or HK$1,000 Apple Store Gift Card or HK$1,000 PARKnSHOP Supermarket vouchers or HK$1,000 Klook Coupon! You can also enjoy up to 120,000 yuu Points (equivalent to rewards worth HK$600) upon meeting the specified spending requirements!



🌟 Get Ready! Prepare yourself for the Spending Promotion from Hang Seng Bank happening every Mar-Apr. Don't miss out! Apply for an enJoy card now and unlock amazing bonus yuu Points while you indulge in a shopping spree! To ensure you can get the exclusive reward, please apply via this link and do not log on to Hang Seng Personal e-Banking!

Valid until 29 Feb 2024 - See more details below
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AEON Credit Service logo
MoneySmart Exclusive
Min. Annual Salary
HK$0
Cash back on online shopping
6%
Cash back on local spending (dinning)
1%

【Limited Time Offer】From now until 29 February 2024, apply for the AEON CARD WAKUWAKU through MoneySmart, you can exclusively enjoy extra 3,000 SmartPoints and free to redeem HK$300 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc). Alternatively, you can convert them into HK$200 cash and cash out directly! Click here to explore limitless possibilities (T&C applied)!



New AEON Customers successfully applied AEON CARD WAKUWAKU through “AEON HK” Mobile App and input the welcome offer code “MSWAKU” to enjoy an extra HK$200 cash rebate (Offer by AEON) and up to 16% cash rebate + HK$400 cash rebate! Enjoy a year-round 6% cash rebate on online spending! Earn 3% cash rebate on purchases in Japan and enjoy waived transaction fees on foreign currency transactions (except charges imposed by Cards Associations)!

Valid until 29 Feb 2024 - See more details below
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PrimeCredit logo
MoneySmart Exclusive
Min. Annual Salary
HK$0
Cash back on overseas spend
0.4%
Cash rebate on travel spending and designated spending categories
4%

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 29 February 2024, new customers who successfully applied for WeWa UnionPay Diamond Card via MoneySmart, can enjoy 2,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$200 in theRewards Store (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)



PrimeCredit x MoneySmartSuccessfully applied WeWa UnionPay Diamond Card through MoneySmart and earn extra HK$200 cash rebate + Welcome offer: Sony Truly Wireless Headphones LinkBuds S or Samsung Galaxy Watch4 40mm (Bluetooth) or B&O Beosound Explore Bluetooth Speaker (Black Anthracite) or HK$500 Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$200 Cash Rebate (Exclusive reward will be fulfilled by PrimeCredit)

Valid until 29 Feb 2024 - See more details below
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American Express logo
MoneySmart Exclusive
Enhanced Welcome Offer
Miles Conversion (Overseas Spending)
HK$6 = 1 Mile
Miles Conversion (Local Spending)
HK$9 = 1 Mile
Discount at designated restaurants
40%
【The Ultimate Choice for High-Spending Mileage: New Year New Offer - Enjoy up to 55,555 Miles!】
From now till February 29, 2024, customers who successfully apply for the Platinum Card via MoneySmart and complete the first transaction within the first 3 months, can earn 100,000 Membership Rewards points + [💥CNY Exclusive] additional HK$1,000 statement credit; With aggregate spending of HK$50,000 can enjoy extra 900,000 Membership Rewards points! Up to 1,000,000 Membership Rewards points in total!


Equivalent to HK$3,333 statement credit or HK$6,666 travel credit or 55,555 air miles, which is sufficient to redeem round trip tickets to Japan for two or round trip tickets to Europe!
Valid until 29 Feb 2024 - See more details below
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PrimeCredit logo
MoneySmart Exclusive
Earn 2% cashback from everyday spending
Min. Annual Salary
HK$0
Cash back on overseas spend
2%
Cash back on local spend
2%

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 29 February 2024, new customers who successfully applied for EarnMORE UnionPay Diamond Card via MoneySmart, can enjoy 2,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$200 in the Rewards Store(over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)



[PrimeCredit x MoneySmart] Apply EarnMORE UnionPay Diamond Card through MoneySmart and earn extra HK$200 cash rebate + Welcome offer: HK$670 cash rebate (included the extra up to 2% cash rebate) Or  OTO Vanda 2.0 massage chair (VN-05) (Suggested price: HK$13,800) Or German Pool Smart Air Purifier Fan (EFB-426HM-SC) (Suggested price: HK$2,480) Or Up to HK$90K Interest-free and Handling Fee-free Cash Instalment Program (Extra reward will be fulfilled by PrimeCredit)

Valid until 29 Feb 2024 - See more details below
Apply Now
HSBC logo
Bank Promo
Local and oversea spending
As low as HK$2 = 1 Mile
Minimum Annual Income
HK$240,000
Welcome Offer
Up to $1,200 RewardCash
Bank Promo:
New credit card customers can enjoy an extra $1,000 RewardCash exclusively for online applications (equivalent to 20,000 miles), with a low spending rate of only HK$0.3 = 1 mile per transaction.


Enjoy an extra $200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan
Valid until 29 Feb 2024 - See more details below
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American Express logo
MoneySmart Exclusive
Uncapped 1% rebate on foreign currencies expenses
Annual Principal Fee
Annual Fee Waiver in First Year
Foreign Currency Spending Bonus
Up to 3X points^
Local Spending Bonus
Up to 2X points^
Enjoy welcome offers up to HK$2,800 plus first-year annual fee waiver!

【Double You Spending Power: Get HK$1,000 for HK$1,000 Spent!】Customers who successfully apply for the American Express Gold Business Card through MoneySmart and make their first transaction within the first three months, accumulating a total of HK$1000 in spending, can receive up to HK$1,000 statement credit!


【Welcome Bonus Rewards】
By accumulating a total of HK$45,000 in spending within the first three months, you can enjoy an additional 315,000 points (which can be redeemed for HK$1,050 Pay with Points or 17,500 miles)!
Valid until 29 Feb 2024 - See more details below
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sim logo
MoneySmart Exclusive
8% cashback on online retail transactions*
Cashback on Online Retail Transactions
8%
Fee Waiver
First Year Free
Local Resident
HK$150,000

【🔥Hottest Deal in Town: Earn a HomePod Mini and Supercharge Your Welcome Offer!】
From now until 29 February 2024, customers apply for a designated sim credit card through MoneySmart (sim Credit Card/ sim World Mastercard®️) successfully to get a HomePod mini (Retail Price: HK$749) or HK$500 Apple Store Gift Card/ PARKnSHOP Voucher/ HKTVmall E-vouchers! Including the welcome offer, you can enjoy up to HK$1,749 rewards in total!



💡Quick Reminder: Speed up your approval process - After completing your online application, please take a screenshot of your reference ID (which should be 89-XXXXXXXXX-X-03XX-thesim), and conduct digital ID verification on the sim Credit Card App. Complete the verification within 3 hours after application, and sim will offer an additional HK$50 cash rebate!

Valid until 29 Feb 2024 - See more details below
Apply NowApply directly on MoneySmart
DBS logo
MoneySmart Exclusive
Up to 10% rebate on local supermarkets
Min. Annual Salary
HK$100,000
Cash back on designated local spend
1%
Miles Conversion (local spend)
HK$10 = 1 Mile

From now until 29 February 2024, apply for designated cards through MoneySmart(DBS Eminent Card/ DBS Live Fresh/ DBS Compass Visa)successfully to get HK$200 Apple Store Gift Card or HK$200 Klook Gift Card or HK$200 ParknShop Voucher! 

Valid until 29 Feb 2024 - See more details below
Apply Now
American Express logo
Up to 50% savings at designated restaurants
Min. Annual Salary
HK$300,000
Cash back on local spend
1%
Miles Conversion (local spend)
$6 = 1 Mile
Apply Now
Fubon Bank logo
Bank Promo
Min. Annual Salary
HK$60,000
Online Cash Rebate
4%
Overseas transaction rewards
8%
Bank Promo:
From now until 29 February 2024, successfully apply for Fubon Visa Platinum Credit Card through MoneySmart, with promotional code "MoneySmart", and spend HK$5,800 or above within the first 3 months from the date of card issuance to enjoy the cash rebate up to HK$500. You can get an extra HK$100 Supermarket Coupon for applying via Fubon GO or online application form.
Earn up to HK$1,060 cash rebate with up to HK$460 overseas transaction!
Valid until 29 Feb 2024 - See more details below
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DBS logo
MoneySmart Exclusive
Min. Annual Salary
HK$150,000
Rebate on designated spending categories
5%
Rebate on other retail spending
1%

From now until 29 February 2024, apply for designated cards through MoneySmart(DBS Eminent Card/ DBS Live Fresh/ DBS Compass Visa)successfully to get HK$200 Apple Store Gift Card or HK$200 Klook Gift Card or HK$200 ParknShop Voucher! 

Valid until 29 Feb 2024 - See more details below
Apply Now
Dah Sing Bank logo
MoneySmart Exclusive
Min. Annual Salary
HK$150,000
Miles Conversion (local spend)
N/A
Cash back on local spend
0.4%

From now until 29 February 2024, successfully apply for the Dah Sing MyAuto Credit Card through MoneySmart to get an HK$150 PARKnSHOP Supermarket Voucher or HKTVmall e-Voucher!

Apart from that, receive an AutobotV mini max 2 Handheld Vacuum Cleaner (Suggested Retail Price: HK$588) upon accumulating eligible spending of HK$10,000 or above within the first 2 months from the date of card issuance or Enjoy HK$400 Cash Rebate upon accumulating eligible spending of HK$6,000 or above within the first 2 months from the date of card issuance (Fulfilled by Dah Sing Bank)

Valid until 29 Feb 2024 - See more details below
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HSBC logo
Bank Promo
Min. Annual Salary
HK$360,000
RewardCash Rebate
Up to 3.6%
Miles Conversion (local spend)
HK$2.78 = 1 Mile
Bank Promo:
Limited-time online welcome offer:New credit card customers can enjoy an extra $800 RewardCash exclusively for online applications. Earn extra $200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan, bringing the total rewards to up to $1,000

Valid until 29 Feb 2024 - See more details below
Apply Now
Dah Sing Bank logo
MoneySmart Exclusive
Min. Annual Salary
HK$150,000
Annual Fee Waiver
First 2 Years
Cash back on retail spend
1%

【Welcome offer Exclusive for MoneySmart Users】From now until 29 February 2024,  New Dah Sing Credit Cardholder to get extra HK$150 PARKnSHOP supermarket vouchers or HKTVmall e-Voucher upon approval on the credit card! Total up to HK$650 rewards including Dah Sing Bank welcome offer. 



Each Eligible Cardholder is entitled to HK$500 cash rebate upon accumulating Eligible Spending of HKD5,000 or above, and making at least 5 Eligible Spending transactions, within the first 2 months from the date of the Bank's issuance of the Eligible Card.

Valid until 29 Feb 2024 - See more details below
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Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Credit Cards in Hong Kong 2023

Credit CardMinimum SalaryAnnual Fee
Standard Chartered Smart CardHK$96,000HK$0
Citi Rewards MasterCardHK$150,000HK$1,800
Standard Chartered Asia Miles MastercardHK$96,000HK$1,800
Hang Seng MMPOWER CardHK$150,000HK$0
DBS Black World MastercardHK$240,000HK$2,000
American Express Platinum Credit CardHK$300,000HK$2,200
WeWa UnionPay CardHK$0HK$800
EarnMORE UnionPay CardHK$0HK$800
Citi Cash Back Visa CardHK$240,000HK$1,800
HSBC Red CardHK$120,000HK$0

HK Credit Card Offers

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.

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Compare Credit Cards in Hong Kong

Air Miles

Miles Credit Cards

  1. Standard Chartered Asia Miles Mastercard: HK$4/ mile for dining and online spending
  2. Citi PremierMiles Card: HK$3/ mile for foreign currency transactions
  3. American Express Cathay Pacific Elite Credit Card: HK6/ 1.5 mile for foreign currency spending

Cashback

Cashback Credit Cards

  1. Standard Chartered Simply Cash Visa Card: 2% rebates on foreign currency transactions
  2. Citi Cash Back Visa Card: 2% rebates on global dining and hotel spending
  3. EarnMORE UnionPay Card: 2% rebates on all spending

Reward Points

Reward Points Credit Cards

  1. Citi Rewards Card: 5x points all-year-round at supermarkets, department stores, and telecom providers
  2. HSBC Visa Signature Card: Up to 14x “RewardCash” for selected categories

Credit Card Promotions

Year-Round Offers

Enjoy year-round privileges at dining, shopping and travel hotspot throughout the year with your credit card. For movie lovers, get buy-1-get-1-free on Friday movie tickets at UA Cinemas with UnionPay Diamond Credit Cards. Visa Signature cardholders can enjoy up to HK$200 off upon designated spending amount at restaurants like Limewood and Sip Song.

Free Airport Lounge Access

Credit Cards often provide complimentary airport lounge access which some might even allow free companions entry. Take AE Platinum Card as an example, the principal card owner is entitled to a free membership in Priority pass, which allows access to over 1,000 lounges in the world. Citi Prestige Card cardholders can also get access to Mastercard Airport LoungeKey lounges worldwide.

Welcome Gift

Welcome offers come in various types including cash rebate, air miles, coupons or gifts. Popular gift options including suitcases and electronic devices. For example, DBS COMPASS VISA gives you a Le Maurice suitcase and WeWa UnionPay Card gives you a Jabra wireless headphone as a welcome gift.

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.

5 Types of Hong Kong Credit Cards

Hong Kong credit cards are from 5 major card issuers. Visa and Mastercard take up most of the market, followed by American Express, UnionPay, and JCB. Visa and Mastercard are card issuers with a long history and are accepted everywhere in the world. On the other hand, American Express can be used in 130+ countries.

UnionPay credit cards are great for spending in China. Many Hong Kong banks have launched UnionPay dual-currency credit cards, such as HSBC UnionPay Dual Currency Credit Card and Standard Chartered UnionPay Dual Currency Platinum Credit Card to benefit frequent travelers to mainland China.

JCB credit cards are perfect for those who travel often to Japan because they offer many discounts on spending in Japan. Currently, only BEA and AEON have launched JCB credit cards in Hong Kong.

What Are the Easiest Credit Cards to Get Approved for?

Low Income Requirement Credit Cards

Many credit cards specify a low minimum income and some cards such as EarnMORE UnionPay Card and WeWa UnionPay Card do not specify a minimum income, which is ideal for housewives/ freelancers or tertiary school students to apply. Submitting your proof of asset increases your chances of getting approved, but you may still get approved without it.

No Annual Fee Credit Cards

A credit card with no annual fee helps cardholders save on card costs and maximise the rewards cardholders earn. Cardholders can enjoy no fees for life or within the promotional period depending on the type of cards you apply.

What Credit Card is Best?

There is no absolute for the best credit card, you should choose credit cards based on your spending habits. Pick credit cards with different spending categories based on your habits to earn the most rewards. For reward point credit cards, you can redeem cash rebates, air miles, coupons, and other gifts, giving you higher flexibility. Air miles credit cards are suitable for frequent flyers who would take the effort to research on collecting miles. Cashback credit cards are suitable for those who don’t spend a lot and want to get rebates directly.

Which is better: Visa or Mastercard credit card?

Visa and Mastercard credit cards are both globally accepted and offer different perks for members in different tiers, the most common types of Visa and Mastercard credit cards include Visa Platinum, Visa Signature, Visa Infinite, Titanium & Platinum Mastercard, World Mastercard and World Elite Mastercard.

Both Visa and Mastercard offer its own network benefits including travel, luxury hotel, dining and more when it comes to foreign spending, Mastercard often offers slightly better exchange rate, but for everyday card users, there is not much difference between Visa and Mastercard. It is suggested to find the right credit card by focusing on each card offer and perks of your choice, and be aware of annual fee, cash back, air miles or rewards that you are looking for.

How many credit cards can I apply for?

There is no absolute limit on the number of credit cards you can have. Having more than one credit card can allow you to get different credit card offers and benefits for different cards, you can also earn various rewards like air miles or cashback on your daily spending.

However, applying for too many credit cards at a time can hurt your credit score and the chances of credit card approval. Even though the damage on credit scores are only temporary, if you are hoping to get a mortgage or personal loan in the coming months, it is best to keep your credit report nice and clean.

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 $80-350 HKD.

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.

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Credit Card Recommendations

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!

Frequently Asked Questions

What is MoneySmart Referral Program?

Successful application through MoneySmart and accumulating eligible transactions of HK$300 or above can get HK$1,600 Apple Gift Card/759 store e-voucher/Beosound Explore Waterproof outdoor speaker (retail value $1,898) and 9,000 Miles (108,000 Points) (Fulfilled by Citibank). Get extra $300 for every friend you refer to apply. The more you refer, the more rewards you get!

Can foreigners apply for credit cards in Hong Kong?

Non-permanent residents can submit credit card application online together with supporting documents which include identity proof (e.g passport), income/ employment proof and address proof for approval.

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.

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.

What exclusive offers can I enjoy if I apply for credit cards through MoneySmart?

MoneySmart partners with various banks in Hong Kong, such as Citibank and SCB to give exclusive offers. Click now to find the latest offers!