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Best Credit Cards with Annual Fee Waiver in Hong Kong

Compare credit cards with an annual fee waiver in Hong Kong to save credit card spending and earn rewards at the same time. Read More
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We found 37 Credit Cards for you!
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Citibank 花旗銀行 logo
MoneySmart Exclusive
5x Points on contactless transactions

Citi Rewards MasterCard

Min. Annual Salary
HK$150,000
Rewards on local spend
3.2% Cashback
Annual Fee Waiver
First-Year
Extra HK$500 voucher apply via MoneySmart!
Valid until 28 Feb 2021 - See more details below
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渣打銀行 logo
Unlimited cashback

Standard Chartered Simply Cash Visa Card

Min. Annual Salary
HK$96,000
Rewards on local spend
1.5% Cashback
Annual Fee Waiver
First-Year
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渣打銀行 logo
As low as HK$0.2=1 Asia Miles for welcome offer

Standard Chartered Asia Miles Mastercard

Min. Annual Salary
HK$96,000
Rewards on local spend
HK$4 = 1 mile
Annual Fee Waiver
First-Year
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安信信貸 logo
MoneySmart Exclusive
Get 4% cash rebate on designated categories

WeWa UnionPay Card

Min. Annual Salary
HK$0
Rewards on local spend
4% Cashback
Annual Fee Waiver
First 2 Years
Successfully applied through MoneySmart: Extra HK$300 cash rebate + Welcome offer: Jabra Elite Active 65t Wireless Headphone or USA meresoy Massage Gun or HK$500 Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program
Valid until 28 Feb 2021 - See more details below
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AE 美國運通 logo
MoneySmart Exclusive
Unlimited 1.2% Cashback

Blue Cash® Credit Card from American Express

Min. Annual Salary
HK$150,000
Rewards on local spend
1.2% Cashback
Annual Fee Waiver
First-Year
HK$200  Supermarket Voucher+ HK$200 Cashback upon Card Approval , A total of welcome offer up to HK$1,472
Valid until 31 Jan 2021 - See more details below
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Citibank 花旗銀行 logo
MoneySmart Exclusive
Earn cashback from digital wallets

Citi Cash Back Card

Min. Annual Salary
HK$240,000
Rewards on local spend
2% Cashback
Annual Fee Waiver
First-Year
Extra HK$500 voucher apply via MoneySmart!
Valid until 28 Feb 2021 - See more details below
Apply Now
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安信信貸 logo
MoneySmart Exclusive
Earn 2% cashback from Octopus AAVS

EarnMORE UnionPay Card

Min. Annual Salary
HK$0
Rewards on local spend
2％ Cashback
Annual Fee Waiver
First 2 Years
Successfully applied through MoneySmart: Extra HK$300 cash rebate + Welcome offer: HK$670 cash rebate or DYSON V7 Fluffy+ Wireless Vacuum Cleaner or TEFAL Healthy Air Fryer or Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program. 
Valid until 28 Feb 2021 - See more details below
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安信信貸 logo
MoneySmart Exclusive
3 Complimentary airport lounges access per year

EarnMORE UnionPay Card (applicable to designated Full-time University /Tertiary Students)

Min. Annual Salary
HK$0
Rewards on local spend
2％ Cashback
Annual Fee Waiver
First 5 Years
Successfully applied through MoneySmart: Extra HK$300 cash rebate + Welcome offer: HK$670 cash rebate or DYSON V7 Fluffy+ Wireless Vacuum Cleaner or TEFAL Healthy Air Fryer or Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program. 
Valid until 28 Feb 2021 - See more details below
Apply Now
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AE 美國運通 logo
MoneySmart Exclusive
Up to 50% savings at designated restaurants

American Express® Platinum Credit Card

Min. Annual Salary
HK$300,000
Rewards on local spend
HK$5 = 1 mile
Annual Fee Waiver
N.A.
HK$800 Supermarket coupon upon Card Approval and welcome offers valued up to HK$2,960
Valid until 31 Jan 2021 - See more details below
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HSB 恒生銀行 logo
Get 5% cash dollars rebate on designated spending

Hang Seng MPOWER CARD

Min. Annual Salary
HK$150,000
Rewards on local spend
5％
Annual Fee Waiver
Perpetual
Apply Now
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Citibank 花旗銀行 logo
MoneySmart Exclusive
Free travel insurance and airport lounges access

Citi PremierMiles Card

Min. Annual Salary
HK$240,000
Rewards on local spend
HK$8 = 1 mile
Annual Fee Waiver
First-Year
Extra HK$300 voucher apply via MoneySmart!
Valid until 28 Feb 2021 - See more details below
Apply Now
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AE 美國運通 logo
MoneySmart Exclusive
Enhanced Welcome Offer

The Platinum Card

Min. Annual Salary
HK$1,000,000
Rewards on local spend
HK$7.5 = 1 mile
Annual Fee Waiver
N.A.
【Enhanced welcome offer】HK$1,000 Sogo Cash coupon upon Card Approval and Enhanced welcome offer up to 600,000 Membership Rewards points
Valid until 31 Jan 2021 - See more details below
Apply Now
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安信信貸 logo
MoneySmart Exclusive
Buy-1-Get-1-Free UA movie tickets on Friday

WeWa UnionPay Card (applicable to designated Full-time University /Tertiary Students)

Min. Annual Salary
HK$0
Rewards on local spend
4% Cashback
Annual Fee Waiver
First 5 Years
Successfully applied through MoneySmart: Extra HK$300 cash rebate + Welcome offer: Jabra Elite Active 65t Wireless Headphone or USA meresoy Massage Gun or HK$500 Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program
Valid until 28 Feb 2021 - See more details below
Apply Now
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Citibank 花旗銀行 logo
MoneySmart Exclusive
Complimentary 4th night free at any hotel

Citi Prestige Card

Min. Annual Salary
HK$600,000
Rewards on local spend
HK$6 = 1 mile
Annual Fee Waiver
N.A.
Extra HK$300 voucher apply via MoneySmart!
Valid until 28 Feb 2021 - See more details below
Apply Now
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AE 美國運通 logo
Free Marco Polo Club green tier membership

American Express Cathay Pacific Credit Card

Min.Annual Salary
HK$150,000
Rewards on local spend
HK$8 = 1 mile
Annual Fee Waiver
First-Year
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AE 美國運通 logo
Complimentary Plaza Premium Lounge access

American Express Cathay Pacific Elite Credit Card

Min. Annual Salary
HK$300,000
Rewards on local spend
HK$6 = 1 mile
Annual Fee Waiver
First-Year
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Citibank 花旗銀行 logo
MoneySmart Exclusive
Up to 15% transport fare rebate

Citi Octopus Platinum Card

Min. Annual Salary
HK$150,000
Rewards on local spend
0.5% Cashback
Annual Fee Waiver
First-Year
Extra HK$300 voucher apply via MoneySmart!
Valid until 28 Feb 2021 - See more details below
Apply Now
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DBS 星展銀行 logo
Welcome Offer
Redeem various mileage points without any fee

DBS Black World Mastercard

Min. Annual Salary
HK$240,000
Rewards on local spend
HK$6 = 1 mile
Annual Fee Waiver
First-Year
Welcome Offer:
Get up to 50,000 miles or Rollink Flex 21 Foldable Suitcase + 2,000miles
Customer must choose to participate in the DBS$ Redemption Scheme and conduct retail and/ or overseas spending ("Eligible Spending") according to the designated condition ("Spending Condition"):
Valid until 31 Jan 2021 - See more details below
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DBS 星展銀行 logo
Welcome Offer
8% discount at Watsons and ParknShop

DBS COMPASS VISA

Min. Annual Salary
HK$100,000
Rewards on local spend
1% Cashback
Annual Fee Waiver
First-Year
Welcome Offer:
 Get up to HK$400 “InstaRedeem” Amount or LE MAURICE® CUBIX 28” ALUMINUM FRAME SUITCASE or Dyson Airwrap Hair Styler at a discounted price or 6 MCL movie ticket vouchers
Valid until 31 Jan 2021 - See more details below
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大新銀行 logo
Get 20% discount at lookfantastic

Dah Sing ONE+ Credit Card

Min. Annual Salary
HK$150,000
Rewards on local spend
1% Cashback
Annual Fee Waiver
First 2 Years
Apply Now
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Selected Credit Cards with Perpetual Annual Fee Waivers

Credit Card Annual Minimum Salary Requirement Feature
Hang Seng MPOWER CardHK$150,0005% cash dollars rebate on mobile payment, online shopping, and overseas transactions
HSBC Red Credit CardHK$120,0004% cashback on online purchases
BOC Dual Currency Diamond CardHK$200,0004% cashback on the mobile payment transaction

Credit Cards with Annual Fee Waivers for New Customers

Credit Card Annual Fee Waivers for New CustomersAnnual Fee for Subsequent Years
Citi Cash Back CardFirst Year HK$1,800
Citi PremierMiles CardFirst Year HK$1,800
Citi Rewards MasterCardFirst Year HK$1,800
DBS Eminent Visa Platinum CardFirst Year HK$1,800
DBS COMPASS VISAFirst Year HK$1,800
DBS Black World MastercardFirst Year HK$2,000
Blue Cash℠ Credit Card from American ExpressFirst Year (Enjoy annual fee waiver for subsequent years for spending HK$25,000 or above annually)HK$980
American Express Cathay Pacific Elite Credit CardFirst Year HK$1,800
Standard Chartered Asia Miles MastercardFirst Year HK$2,000
Standard Chartered Simply Cash Visa CardFirst Year HK$2,000
EarnMORE UnionPay CardFirst Two Years/ First Five Years (Student Card)HK$800
WeWa UnionPay CardFirst Two Years/ First Five Years (Student Card)HK$800

What is an annual fee?

The annual fee is a cost that your credit card provider charges yearly to keep the card active and allows you to enjoy the card benefits. In most cases, credit cards with a higher annual fee provide more benefits.

Other Ways to Waive the Annual Fee

Meet the minimum spend requirement

Some credit cards will only waive annual fees if a minimum spending requirement is met. If it is not specified, cardholders can usually get it waived as long as there has been a transaction.

Call customer hotline

Cardholders can call credit card issuers at the 11th month after card issuance to request an annual fee waiver. You can also call after you have been charged. This can usually be done over the automated service over the phone 24 hours a day.

Become designated customers

Some banks offer an annual fee waiver for designated members. For example, American Express Cathay Pacific Elite Credit Card offers an annual fee waiver for Marco Polo Club members.

Redeem points for an annual fee waiver

Cardholders can also redeem points earned for the annual fee waiver. But before you do this, it is better to call the customer service hotline to check if you can get it waived first.

Credit Cards with Annual Fee that Cannot Be Waived

Some premium credit cards which include Citi Prestige Credit Card and The Platinum Card do not accept annual fee waiver requests. These types of credit cards are characterized by exclusive offers. Citi Prestige charges HK$3,800 annual fee. Cardholders can enjoy complimentary global airport lounge access and complimentary 4th night at any hotel. The nonwaivable annual fee of the Platinum Card is HK$7,800. Cardholders can enjoy 1,200+ lounges access all over the world and exclusive access to the Centurion Lounges and complimentary travel insurance, etc.

FAQ

What is the HSBC customer service hotline for credit card annual fee waiver?

You can call HSBC Credit Card Customer Service Hotline at +852 2233 3000 to try getting your credit card annual fee waived.

How to waive DBS credit card annual fee?

You can call DBS Credit Card Customer Service Hotline at +852 2290 8345 to request an annual fee waiver.

What should applicants be aware of when applying for credit cards with perpetual annual fee waivers?

Applicant should check if the annual fee waivers apply to all applicants and whether it is applicable to both principal and supplementary cardholders. For example, Standard Chartered Simply Cash only offers a perpetual annual fee waiver to holders of priority banking/premium banking/bonus payroll. Moreover, it is only exclusive for principal cardholders. In other words, if you would like to apply for a supplementary card, you will need to pay for the annual fee for the extra card.

Do I have to pay an annual fee even if I don’t use the credit card anymore?

Yes, the annual fee will be charged regardless of the credit card activity, but you may ask the credit card issuer to see if you can apply for a credit card annual fee waiver, or you may also consider cancelling your credit card if you no longer use its benefits.

What is the definition of a new customer when applying credit cards?

Most of the credit cards only offer an annual fee waiver to new customers, but different banks have their own definition for a new customer. Take Citibank as an example, customers who currently do not hold, have not cancelled or have not held any principal card of Citi Credit Card within the past 12 months will be considered as a new customer, but for Standard Chartered, applicants who do not currently hold and have not cancelled any principal card of Standard Chartered credit card in the past 6 months will be eligible to get the new customer offer.