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
We found 32 Credit Cards for you!
Standard Chartered Smart Card
MoneySmart Exclusive
5% rebate|Waive foreign exchange fee
Promotion ends in
Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
HK$2,798

【MoneySmart Exclusive: Rewards up to HK$2,798💰】
From now until 31 October 2024, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get JBL Charge 5 Portable Waterproof Speaker (Value HK$1,998) or German Pool Capsule Coffee Maker CMC-101 (Value: HK$1,580) or BRUNO BOE021 - Compact Hot Plate (Value: $998) or HK$800 Apple Store Gift Card or HK$800 PARKnSHOP supermarket vouchers or HK$800 HKTVmall e-Vouchers.
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【🌎Go Global, Stay Connected: Free 5GB eSIM】If you have successfully applied for a Standard Chartered Smart Card and submit the redemption form on or before 31 October, you can earn a 5GB Eskimo Global eSIM redemption code (Value: USD$25) within 14 days after the promotion ends! *400 quotas only, first come first served

Valid until 23 Oct 2024 - See more details below
Apply Now
sim World Mastercard®️
MoneySmart Exclusive
Up to 8% cashback on online retail transactions*
Cashback on Online Retail Transactions
Up to 8%
Fee Waiver
First Year Free
Minimum Income Requirements
150000

【📣 Flash Welcome Offer up to HK$2,069 + Get up to HK$1,600 cashback on NEW iPhone!】
From now until 31 October 2024, customers who successfully apply for a designated sim credit card (sim Credit Card/ sim World Mastercard®️) via MoneySmart can earn an extra Sudio E3 Noise Cancelling Earbuds (Retail value: HK$899) or HK$500 Apple Store Gift Card/ PARKnSHOP Supermarket Voucher/ HKTVmall e-Voucher. Complete the digital ID verification on the sim Credit Card App within 3 hours after application, sim will offer an additional HK$50 cash rebate; fulfilling the spending requirement can earn sim welcome offer of up to HK$1,120. Enjoy the total rewards of up to HK$2,069!

Valid until 31 Oct 2024 - See more details below
Apply NowApply directly on MoneySmart
American Express Explorer® Credit Card
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
Annual Fee Waiver
First-Year
📣MoneySmart Exclusive: Elevate Your Rewards, Extend Your Journey!】
From now on until 31 October 2024, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 108,000 American Express Membership Rewards points (eqv. to 6,000 miles) upon the qualified spending of HK$7,000 within the first 3 months. Receive an extra HK$100 rebate by first top up HK$300 via iPhone or Apple Watch to your Octopus in the first 3 months.

🛫 Zoom to Japan, Korea, and Taiwan with Ample Time!
Within the FIRST 6 MONTHS,
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! Enroll to earn as low as HK$1.68 = 1 mile of overseas spend!
Valid until 31 Oct 2024 - See more details below
Apply Now
WeWa UnionPay Diamond Card
MoneySmart Exclusive
Min. Annual Salary
HK$0
Local, Overseas and Online Spending via selected mobile payments
Up to 6%
Cash rebate on travel spending and designated spending categories
4%

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 31 October 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 the Rewards Store (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)
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【PrimeCredit x MoneySmart】From now until December 31 2024, successfully applied WeWa UnionPay Diamond Card through MoneySmart and earn extra HK$100 cash rebate + Welcome offer : 🇯🇵 Osaka Round-trip Flight Tickets or Sony Wireless Noise Cancelling Headphones WH-1000XM4 (Silver) (Suggested price: HK$2,890) or HK$500 Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$400 Klook e-Gift Card (Extra reward will be fulfilled by PrimeCredit)

Valid until 31 Oct 2024 - See more details below
Apply Now
sim Credit Card
MoneySmart Exclusive
Up to 8% cashback on online retail transactions*
Cashback on Online Retail Transactions
Up to 8%
Fee Waiver
First Year Free
Minimum Income Requirements
N/A

【📣 Flash Welcome Offer up to HK$2,069 + Get up to HK$1,600 cashback on NEW iPhone!】
From now until 31 October 2024, customers who successfully apply for a designated sim credit card (sim Credit Card/ sim World Mastercard®️) via MoneySmart can earn an extra Sudio E3 Noise Cancelling Earbuds (Retail value: HK$899) or HK$500 Apple Store Gift Card/ PARKnSHOP Supermarket Voucher/ HKTVmall e-Voucher. Complete the digital ID verification on the sim Credit Card App within 3 hours after application, sim will offer an additional HK$50 cash rebate; fulfilling the spending requirement can earn sim welcome offer of up to HK$1,120. Enjoy the total rewards of up to HK$2,069!

Valid until 31 Oct 2024 - See more details below
Apply NowApply directly on MoneySmart
CNCBI Motion Credit Card
MoneySmart Exclusive
Min. Annual Salary
HK$96,000
Cash Back on Dining, Online and Foreign Currency Spending
6%
Annual Fee Wavier
First-Year

【MoneySmart Exclusive】
Customer apply for CNCBI Motion Credit Card via MoneySmart to get an extra JBL Smart Speaker Link 20 (Value:HK$1,699) / HK$600 PARKnSHOP Supermarket Voucher / Apple Store Gift Card / HKTVmall e-voucher!⠀⠀

【Welcome Offer】
From now till 2 January 2025, New Cardholders can enjoy Welcome Offer choose 1 from 2:
1. 10% Cash Rebate on spending in foreign currencies made with the CNCBI Motion Credit Card in the first 3 months starting from the card issuance month OR
2. HK$600 Cash Rebate with accumulated spending of HK$6,000 in the first 2 months from the card issuance month.

Valid until 31 Oct 2024 - See more details below
Apply Now
Standard Chartered Cathay Mastercard
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, hotels and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
60,000 miles

【 ✈️ Travel with CX Card & Jollying Pebble Suitcase! 🧳】From now until 31 October 2024, new cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get Sennheiser Accentum True Wireless Earbuds (Value: HK$1,750) or POLAROID Go Instant Camera (Value: HK$999) or Jollying Pebble 20" Foldable Suitcase (Value: HK$899) or HK$900 Apple Store Gift Card or HK$900 PARKnSHOP supermarket vouchers or HK$900 HKTVmall e-Vouchers.
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【🌎Go Global, Stay Connected: Free 5GB eSIM】If you have successfully applied for a Standard Chartered Cathy Mastercard and submit the redemption form on or before 31 October, you can earn a 5GB Eskimo Global eSIM redemption code (Value: USD$25) within 14 days after the promotion ends! *400 quotas only, first come first served

Valid until 31 Oct 2024 - See more details below
Apply Now
DBS Black World Mastercard
MoneySmart Exclusive
Redeem various mileage points without any fee
Min. Annual Salary
HK$240,000
Upon meeting local and overseas spending goal*
HK$3/mile
Annual Fee Waiver
First-Year

From now until 31 October 2024, customers who successfully apply for DBS Blackworld Mastercard via MoneySmart, can enjoy HK$500 Apple Store Gift Card / HK$500 PARKnSHOP Supermarket Voucher! You can also earn the bank welcome offer of up to 42,000 miles at the same time!

Valid until 31 Oct 2024 - See more details below
Apply Now
DBS COMPASS VISA
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 31 October 2024, customers who apply for DBS Compass Visa through MoneySmart successfully, can get HK$200 Apple Store Gift Card or HK$200 Klook Gift Card or HK$200 ParknShop Voucher! 

Valid until 31 Oct 2024 - See more details below
Apply Now
EarnMORE UnionPay Diamond Card
MoneySmart Exclusive
Earn 2% cashback from everyday spending
N/A
N/A
N/A

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 31 October 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] From now until December 31, apply EarnMORE UnionPay Diamond Card through MoneySmart and earn extra HK$100 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 or Tertiary Student: HK$400 Klook e-Gift Card (Extra reward will be fulfilled by PrimeCredit)

Valid until 31 Oct 2024 - See more details below
Apply Now
HSBC Red Credit Card
Bank Promo
Min. Annual Salary
HK$NaN
RewardCash Rebate
Up to 4%
Cash back on Supermarket purchases
2%
Bank Promo:
Limited-time online welcome offer:
New credit card customers can enjoy up to HK$800 RewardCash. Earn extra HK$200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan, bringing the total rewards to up to HK$1,000.

Existing Credit Card Customers can enjoy a HK$200 RewardCash Offer.

When top up the PayMe wallet with the newly approved Red Card during the two subsequent calendar months after the month of card issuance. Together with the basic 0.4% RewardCash rebate, that's 4% RewardCash rebate in total!
Valid until 31 Oct 2024 - See more details below
Apply Now
Citi Cash Back Card
MoneySmart Exclusive
2% foreign currency rebate
Minimum Income Requirements
HK$120,000
Rewards on local spend
2% Cashback
Annual Fee Waiver
First-Year
【MoneySmart Exclusive!】From now until 31 October, upon successful application of designated Citi Credit Cards via MoneySmart and eligible spending of HK$8,000 after card issuance, new customers can enjoy $1,600 cash rebate!
Valid until 31 Oct 2024 - See more details below
Apply Now
Standard Chartered Cathay Mastercard - Priority Private
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, hotels and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
100,000 miles

【 ✈️ Travel with CX Card & Jollying Pebble Suitcase! 🧳】From now until 31 October 2024, new cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get Sennheiser Accentum True Wireless Earbuds (Value: HK$1,750) or POLAROID Go Instant Camera (Value: HK$999) or Jollying Pebble 20" Foldable Suitcase (Value: HK$899) or HK$900 Apple Store Gift Card or HK$900 PARKnSHOP supermarket vouchers or HK$900 HKTVmall e-Vouchers.
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【🌎Go Global, Stay Connected: Free 5GB eSIM】If you have successfully applied for a Standard Chartered Cathy Mastercard and submit the redemption form on or before 31 October, you can earn a 5GB Eskimo Global eSIM redemption code (Value: USD$25) within 14 days after the promotion ends! *400 quotas only, first come first served

Valid until 31 Oct 2024 - See more details below
Apply Now
Standard Chartered Cathay Mastercard - Priority Banking
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, hotels and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
80,000 miles

【 ✈️ Travel with CX Card & Jollying Pebble Suitcase! 🧳】From now until 31 October 2024, new cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get Sennheiser Accentum True Wireless Earbuds (Value: HK$1,750) or POLAROID Go Instant Camera (Value: HK$999) or Jollying Pebble 20" Foldable Suitcase (Value: HK$899) or HK$900 Apple Store Gift Card or HK$900 PARKnSHOP supermarket vouchers or HK$900 HKTVmall e-Vouchers.
⠀⠀
【🌎Go Global, Stay Connected: Free 5GB eSIM】If you have successfully applied for a Standard Chartered Cathy Mastercard and submit the redemption form on or before 31 October, you can earn a 5GB Eskimo Global eSIM redemption code (Value: USD$25) within 14 days after the promotion ends! *400 quotas only, first come first served

Valid until 31 Oct 2024 - See more details below
Apply Now
EarnMORE UnionPay Diamond Card (applicable to designated Full-time University /Tertiary Students)
MoneySmart Exclusive
3 Complimentary airport lounges access per year
Min. Annual Salary
HK$0
Local, Overseas and Online Spending via selected mobile payments
Up to 6%
Annual Fee Waiver
First 5 Years

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 31 October 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)
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[PrimeCredit x MoneySmart] From now until December 31, apply EarnMORE UnionPay Diamond Card through MoneySmart and earn extra HK$100 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 or Tertiary Student: HK$400 Klook e-Gift Card (Extra reward will be fulfilled by PrimeCredit)

Valid until 31 Oct 2024 - See more details below
Apply Now
Hang Seng MMPOWER World Mastercard®
MoneySmart Exclusive
Get 6% +FUN Dollars on overseas spending
Annual fee
Perpetual annual fee waiver
+FUN Dollars rebate on selected spending categories
6%
+FUN Dollars rebate on Online Retail Transaction
5%

【📱Earn 5% +FUN Dollar Rebate & Welcome Perks with Your NEW PHONE Purchase!】
From now until 31 October, new credit card customers* who successfully applied for the Hang Seng MMPOWER World Mastercard® via MoneySmart, simply spend HK$1,000 within 30 days after card issuance, can enjoy an extra 10,000 SmartPoints; existing customers who spend HK$700 within 30 days after card issuance, can also enjoy extra 7,000 SmartPoints!
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New customers can use 10,000 SmartPoints to fully redeem HK$1,000 vouchers (over 20+ brand vouchers including Apple / HKTVmall / Klook etc) or POLAROID Now+ i-Type Instant Camera + 5 lens filters (Value : HK$1,599) or German Pool Multifunctional Cordless Vacuum Cleaner (Value: HK$1,380) from our Rewards Store. You can also top-up to redeem AirPods 4 (Value: HK$1,099). Existing customers can use 7,000 SmartPoints to fully redeem a SAMSUNG Galaxy Buds FE (Retail Value: HK$898) or HK$700 vouchers. Explore more other options available at our Rewards Store!
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【MMPOWER Super Deal】From now until 31 December, 2025, customers who earn 6% +FUN Dollars in overseas foreign currencies spending, 5% +FUN Dollars in online retail spending and 1% +FUN Dollars in your selected spending categories upon meeting accumulative monthly eligible retail spending of HK$5,000!

Valid until 31 Oct 2024 - See more details below
Apply Now
Citi Rewards MasterCard
5x Points on contactless transactions
Minimum Income Requirements
HK$120,000
Wallet transactions(Apple Pay、 Google Pay and Samsung Pay)
5X points
Annual Fee Waiver
First-Year
Apply Now
AEON CARD WAKUWAKU
Read More
Citi Octopus Platinum Card
MoneySmart Exclusive
Up to 15% transport fare rebate
Minimum Income Requirements
HK$120,000
Rewards on local spend
0.5% Cashback
Annual Fee Waiver
First-Year
【MoneySmart Exclusive!】From now until 31 October, upon successful application of designated Citi Credit Cards via MoneySmart and eligible spending of HK$8,000 after card issuance, new customers can enjoy $1,600 cash rebate!
Valid until 31 Oct 2024 - See more details below
Apply Now
Dah Sing ONE+ Credit Card
Min. Annual Salary
HK$150,000
Rewards on local spend
1% Cashback
Annual Fee Waiver
First 2 Years
Read More

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.

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.