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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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SCB 渣打銀行 logo
MoneySmart Exclusive
5% rebate｜The most popular in MoneySmart

Standard Chartered Smart Card

Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
Up to HK$1,139

[Limited Time Offer] 
Apply for SC Smart Card now via MoneySmart to get extra HK$1,100 Apple Gift Card or HK$1,100 Klook Voucher or American Tourister DARTZ SPINNER 55 (retail price: HK$1,139) ! Total up to HK$2,339 rewards including SCB welcome offer. HKTVmall Offer is Back! Earn 5% CashBack all year round when shopping at HKTVmall!

[Referral Program] After applying for the card, get extra HK$300 supermarket vouchers by referring each relatives and friends to apply as well! The more you refer, the more rewards you get!

Valid until 14 Oct 2022 - See more details below
Apply Now
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SCB 渣打銀行 logo
MoneySmart Exclusive

Standard Chartered Cathay Mastercard

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
MoneySmart Exclusive Offer
Up to HK$1,139

[Limited Time Offer]
Apply for Standard Chartered Cathy Mastercard now via MoneySmart to get an extra HK$1,100 Apple Gift Card or HK$1,100 Klook Voucher or American Tourister DARTZ SPINNER 55 (retail price: HK$1,139) ! Enjoy up to 60,000 welcome miles!

[Referral Program] After applying for the card, get extra HK$300 supermarket vouchers by referring each relatives and friends to apply as well! The more you refer, the more rewards you get!

Valid until 14 Oct 2022 - See more details below
Apply Now
More Details
DBS 星展銀行 logo
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
Apply Now
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安信信貸 logo
Get 6% 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
Apply Now
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DBS 星展銀行 logo
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
Apply Now
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AE 美國運通 logo
Bank Promo
No expiry date for Membership Rewards points

American Express Explorer® Credit Card

Min. Annual Salary
HK$300,000
Cash back on selected online spending
1.67%
Annual Fee Waiver
First-Year
Bank Promo:
Choose Your Explorer!
Offer A) Apply successfully via MoneySmart and upon successful spending in the first 3 months, you can enjoy limited-edition ANSON KONG X EXPLORER Hat Gift Box Set ! Up to HK$4,700 Welcome Offer & first-year annual fee waiver！
OR
Offer B) Apply for the American Express Explorer Credit Card and get rewards up to HK$4900 and first-year annual fee waiver!
Valid until 31 Oct 2022 - See more details below
Apply Now
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AE 美國運通 logo
Bank Promo
Unlimited 1.2% Cashback

Blue Cash® Credit Card from American Express

Min. Annual Salary
HK$0
Rewards on local spend
1.2% Cashback
Annual Fee Waiver
First-Year
Bank Promo:
From now till 31 October 2022, apply through MoneySmart's designated link, and get a limited-time welcome offer of up to HK$802! Enjoy 1.2% cash back with no string , cash back credited to account automatically every month with NO administration charge.
Valid until 31 Oct 2022 - See more details below
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SCB 渣打銀行 logo
MoneySmart Exclusive

Standard Chartered Cathay Mastercard - Priority Banking

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
MoneySmart Exclusive Offer
Up to HK$1,139

[Limited Time Offer]
Apply for Standard Chartered Cathy Mastercard - Priority Banking now via MoneySmart to get an extra  HK$1,100 Apple Gift Card or HK$1,100 Klook Voucher or American Tourister DARTZ SPINNER 55 (retail price: HK$1,139)! Enjoy up to 80,000 welcome miles!

[Referral Program] After applying for the card, get extra HK$300 supermarket vouchers by referring each relatives and friends to apply as well! The more you refer, the more rewards you get!

Valid until 14 Oct 2022 - See more details below
Apply Now
More Details
安信信貸 logo
MoneySmart Exclusive
Earn 2% cashback from everyday spending

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$600 cash rebate + Welcome offer: HK$670 cash rebate or  
Nintendo Switch Lite (Yellow/Turquoise) or Philips Instant Heating Water Dispenser or Hyundai Air Purifier + Hot + Cool 3-in-1 Bladeless Fan or Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program. (Exclusive reward will be fulfilled by PrimeCredit) 
Valid until 31 Dec 2022 - See more details below
Apply Now
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Citibank 花旗銀行 logo
MoneySmart Exclusive
5x Points on contactless transactions

Citi Rewards MasterCard

MoneySmart Limited Time Offer
HK$500
Wallet transactions(Apple Pay、 Google Pay and Samsung Pay)
5X points
Annual Fee Waiver
First-Year

Successfully apply now to get extra HK$500 Supermarket Voucher.

Valid until 31 Oct 2023 - See more details below
Apply Now
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Citibank 花旗銀行 logo

Citi The Club

MoneySmart Limited Time Offer
HK$300
Cash back on local spending (Designated HKT merchants and Designated Merchants)
4%
Cash back on other local spending
1%
Apply Now
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Citibank 花旗銀行 logo
MoneySmart Exclusive
Up to 15% transport fare rebate

Citi Octopus Platinum Card

MoneySmart Limited Time Offer
HK$300
Rewards on local spend
0.5% Cashback
Annual Fee Waiver
First-Year

Successfully apply now to get extra HK$ 300 Supermarket Voucher.

Valid until 31 Oct 2022 - See more details below
Apply Now
More Details
Citibank 花旗銀行 logo
MoneySmart Exclusive
Earn cashback from digital wallets

Citi Cash Back Card

MoneySmart Limited Time Offer
HK$500
Rewards on local spend
2% Cashback
Annual Fee Waiver
First-Year

Successfully apply now to get extra HK$500 Supermarket Voucher!

Valid until 31 Oct 2022 - See more details below
Apply Now
More Details
SCB 渣打銀行 logo
MoneySmart Exclusive

Standard Chartered Cathay Mastercard - Priority Private

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
MoneySmart Exclusive Offer
Up to HK$1,139

[Limited Time Offer]
Apply for Standard Chartered Cathy Mastercard - Priority Private now via MoneySmart to get an extra HK$1,100 Apple Gift Card or HK$1,100 Klook Voucher or American Tourister DARTZ SPINNER 55 (retail price: HK$1,139)! Enjoy up to 100,000 welcome miles!

[Referral Program] After applying for the card, get extra HK$300 supermarket vouchers by referring each relatives and friends to apply as well! The more you refer, the more rewards you get!

Valid until 14 Oct 2022 - See more details below
Apply Now
More Details
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$600 cash rebate + Welcome offer: HK$670 cash rebate or  
Nintendo Switch Lite (Yellow/Turquoise) or Philips Instant Heating Water Dispenser or Hyundai Air Purifier + Hot + Cool 3-in-1 Bladeless Fan or Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program. (Exclusive reward will be fulfilled by PrimeCredit) 
Valid until 31 Dec 2022 - See more details below
Apply Now
More Details
恒生銀行 logo

Hang Seng UnionPay Platinum Card

Min. Annual Salary
HK$150,000
Cash Dollars Rebate on designated spending category
6%
Miles Conversion (local spend)
N/A
Apply Now
More Details
Citibank 花旗銀行 logo
MoneySmart Exclusive
Free travel insurance and airport lounges access

Citi PremierMiles Card

MoneySmart Limited Time Offer
HK$300
Rewards on local spend
HK$8 = 1 mile
Annual Fee Waiver
First-Year

Successfully apply now to get extra HK$300 Supermarket Voucher!

Valid until 31 Oct 2022 - See more details below
Apply Now
More Details
SCB 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
Read More
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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
Read More
More Details
恒生銀行 logo
Get up to 11% cash dollars on designated spending

Hang Seng MPOWER CARD

Annual fee
Perpetual annual fee waiver
Cash back on local spend
5％
Cash back on overseas spend
5%
Apply Now
More Details

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.