Compare Credit Cards in Hong Kong

Not sure which credit cards to get in 2019? MoneySmart lets you compare and choose the most popular credit cards in Hong Kong with ease and confidence.

Our Best Picks

From nice welcome offers to generous rewards, get started by reviewing a few cards that stand out to us.

DBS Black World Mastercard
DBS Black World Mastercard


Min. Annual Salary


Cash back on local spend

$6 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer: Up to 120,000 miles + MoneySmart Exclusive HK$200 Supermarket Vouchers
Best for: Travel lovers, using DBS$ to redeem 4 different kinds of mileage, or instant redeem flight ticket or hotel via iGO Rewards with DBS$


  • Attractive welcome offer:First HK$5,000 local spending HK$1 = 1 Mile and first HK$5,000 oversea spending HK$1=1 Mile
  • No expiry date on DBS$
  • 20% off Cash Rebate Redemption Promotion
  • Exclusive 45% off iGO Rewards Redemption
  • Complimentary newspaper/magazine redemption at airport
  • Use DBS$ to redeem flights, hotels, car rental or packages
  • Top up in PayMe can earn HK$6 = 1 Mile


  • No miles on bill-payment and insurance payment
  • No complimentary travel insurance
Standard Chartered Asia Miles Mastercard
Standard Chartered Asia Miles Mastercard


Min. Annual Salary


Cash back on local spend

HK$4 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer up to 40,000 Asia Miles (As low as HK$0.5 = 1 Asia Mile)
Best for: Asia Miles lovers, especially those who frequently spend on dining and online shopping


  • Attractive welcome offer of up to 40,000 Asia Miles
  • Receive extra 1,000 Asia Miles when successfully apply for both Standard Chartered Asia Miles Mastercard and Standard Chartered UnionPay Dual Currency Platinum Credit Card via online at the same time
  • Relatively high earning ratio of HK$4 = 1 Asia Mile on dining, online and overseas spending
  • 2 days priority redemption for selected discount flight awards bookings online from time to time
  • Even octopus auto add value service can earn HKD6 = 1 Asia Mile
  • 20% discount on Mileage Renewal fee, Mileage Transfer fee and purchase of Asia Miles Gift Miles™
  • Miles will be automatically credited to your Asia Miles™ membership account with no mileage conversion fee


  • Asia Miles is valid for 3 years
  • No rebates on online banking bill-payment and insurance payment
Citi Rewards Visa Card
Citi Rewards Visa Card


Min. Annual Salary


Cash back on local spend

$3 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer 135,000 Points + MONEYSMART exclusive HK$200 Voucher!
Best for: Frequent shoppers looking to maximize points that can be used for a wide range of redemption options


  • Welcome offer 135,000 Points (can be redeemable for HK$600 Wellcome coupon or 9000 Miles=Round trip ticket to Taipei 1 set)
  • Enjoy 5X points (=HK$3/Mile) all year round and 8X points (=HK$1.875/Mile) during your birthday month for spending in supermarkets, department stores and telecommunication bill payments
  • E-wallet transaction is eligible as welcome offer spending (PayMe, WhChat Pay, AliPay, etc.)
  • Points never expire
  • Low annual income requirement for HK$150,000


  • Fees will be charged for converting points into miles
  • No points for making payment through online e-banking
  • No offers for overseas spending
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Best Credit Cards in Hong Kong 2019

Credit CardMinimum SalaryAnnual Fee
Standard Chartered Simply Cash Credit CardHK$96,000HK$1,800
Citi Rewards Visa CardHK$150,000HK$1,800
Hang Seng enJoy CardHK$150,000HK$0
Standard Chartered Asia Miles MastercardHK$96,000HK$1,800
Hang Seng MPOWER CardHK$150,000HK$0

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 by 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.

Did you know?

APRs Are Extremely Costly

It is better to pay off your credit card bill in full each month whenever possible. However, if you need to make minimum payments, you may accrue additional costs on top of your bill due to the credit card’s interest rate (the price you pay for borrowing money). This interest rate is typically referred to as the APR, or annual percentage rate. APR’s in Hong Kong typically range anywhere from 30-35%+, which can add up to be very costly.

Credit Cards Can Offer Purchase Protection

Everyone enjoys the thrill of making purchases on items they’ve had on their wish list, but what happens when suddenly the item is lost, damaged or stolen? Not to fear, several cards offer insurance on purchases made with the card. There will often times be exceptions or limits to the amount of coverage, like 45 days under American Express’ credit cards, but it is still useful to know your coverage

Frequently Asked Questions

How do I apply for a credit card?

Once you’ve identified a card that best suits you, most eligibility requirements are the same - banks typically require people to be at least 18 years old and a HKID holder in good standing. The next step is to provide proof of your annual income. Most banks have an online portal where you can apply directly online, submit your documents and provide your HKID or passport details. The entire process takes just a few minutes, and can save you the trouble of paying a visit to the bank.

What is the use of a credit card?

A credit card enables you to borrow money from a bank to make purchases. Most cards have spending limits and require you to pay the bank back within 25-30 days to avoid any additional charges on top of the money you owe the bank. This additional charge is also known as interest. A credit card enables you the convenience of not carrying around cash and unleashes the freedom to make online purchases, typically from anywhere in the world. Visa and MasterCard are the two most common payment networks that banks partner with.

How long does it take to get a credit card?

After you’ve successfully submitted your application, the bank/card issuer will process your application. Processing time varies depending on your eligibility, credit history, and documentation. To get your card as fast as possible, make sure to submit all required documentation and fill out your application form fully. Once approved, it can take anywhere from 7 to 10 days to receive your card in the mail.

How do I qualify for a credit card account?

In order to qualify for a credit card, most Hong Kong banks require that you be at least 18 years of age and that you meet the minimum annual salary requirements. The salary requirements range from card to card, so it’s important to review these requirements before applying.

What is a debit card?

A debit card is a payment card that is granted by bank and lending institutions. Debit cards are tied to your bank account, and serve two purposes: 1) To enable funds to be automatically deducted when a customer pays for purchases, and 2) To enable consumers to retrieve cash from ATMs (automatic teller machines). In order to withdraw funds at an ATM machine or pay for purchases at offline and online merchants, most cards will require you to enter a PIN (personal identification number) in order to authorize purchases.

What is the difference between debit cards and credit cards?

When making a purchase, how do you know whether to use a debit or a credit card? Understanding the difference between debit cards and credit cards can help you make that decision. A debit card is directly linked to your bank’s bank account, whereas a credit card is not. In the case where a purchase is made with your debit card, you are deducting funds from your bank account in order to pay for the purchase, so you must have enough funds to pay for the purchase entirely. On the other hand, if you pay using a credit card, you are borrowing money from a bank in which you will need to pay the bank back later - typically electronically via your bank account or by an in person visit to the bank. There are limitations on how much you can charge to the credit card every month, so it’s important to understand your credit limit thoroughly.

How to prevent credit card fraud?

Credit card fraud can happen offline and online. One of the most common types of credit card fraud is telemarketing scams, where scammers ask for your credit card details over the telephone. Be wary of who you’re providing this information to, and always confirm whether the person on the other line is legitimate before providing sensitive card information. Another way to prevent fraud is to not sign blank credit card receipts - always indicate the correct amount upon signing the receipt, and take a copy with you in case there is a discrepancy on your credit card statement that month. Report any suspicious activity on your credit card statement to your bank immediately so that they can help you resolve the situation.

How to pay my credit card bills?

There are various ways to pay off your credit card bills in Hong Kong. The most common way is via the bank’s online banking (e-banking) portal. All you need to do is to create an account with your bank, and enter in your unique ID and password to access your bills. There are a number of other ways you may pay for your bills, such as going to the bank’s ATM, visiting the bank in person, PPS (payment by phone service), check, and even via mail centers like DHL Express. Paying off your credit card bills on-time is important so that you don’t accrue any interest on top of your balance. It also helps you maintain a healthy financial profile.

Can I apply for a credit card without a HKID?

Most of the larger banks in Hong Kong, like HSBC, Hang Seng, Citibank, Standard Chartered, and AEON all require applicants to hold a valid HKID card. There may be a few exceptions, and unique cases which are up to the bank’s discretion, but it’s best to get a HKID to ensure a smoother application process.

Is it bad to pay just the minimum payment on my credit card?

It is important to assess your spending ability and cashflow in advance to ensure that you can comfortably pay off the full balance on your credit card when your monthly statement arrives. If you cannot pay the full amount, then you may resort to paying the minimum, so long as you are careful to not make it a habit. If you continuously pay just the minimum, you can potentially accrue larger interest charges and fees, which means that you’ll need to set aside even more money to fully pay off your outstanding debt. Accruing debt can also affect your credit score, which would in turn affect your mortgage and loan applications in the future. Spend responsibly and always pay in your credit card bills - in full and on-time.

How do I cancel my credit card?

If you wish to cancel your credit card, you may cancel the card by calling the bank’s customer service line or by visiting one of the bank’s branch in person to inquire.