Best Credit Cards with Annual Fee Waiver in Hong Kong 2020

We found 34 Credit Cards for you!

Welcome Offer

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

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 till 28 Feb 2021.

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Annual Interest Rate	N/A
Annual Principal Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 Days

Local Resident	HK$0
Foreigner	HK$0

Unionpay

UnionPay QuickPass
Apple Pay

MoneySmart Exclusive

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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MoneySmart Exclusive: HK$350 Supermarket Vouchers Valid till 31 Jul 2020.

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Annual Interest Rate	33.41%
Annual Principal Fee	HK$2,000
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	All interest, fees, charges (including Annual Fee(s)), the total of the over-limit amount and/or the overdue amount (where applicable) that may be charged, plus 1% of outstanding principal or HK$220, whichever is higher
Interest Free Period	Up to 56 days

Local Resident	HK$96,000

Visa

Visa payWave

Bank Promo

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

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Bank Promo: 【Summer Offer】Enjoy up to $3,450 Cash Dollars! Valid till 30 Aug 2020.

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Annual Interest Rate	34.97%
Annual Principal Fee	HK$0
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	The Minimum Payment Amount is HK$300 / CNY300 (subject to card type) or the sum of items (i) to (iv) below (whichever is higher): (i) all fees and charges (including finance charges and annual fees); (ii) any overdue Minimum Payment Amount; (iii) amount exceeding the prescribed credit limit after deducting the amount of items (i) and (ii) from the New Balance; and (iv) 1% of the New Balance after deducting the amount of items (i) to (iii).
Interest Free Period	Up to 56 days

Local Resident	HK$150,000
Foreigner	HK$150,000

Mastercard

MoneySmart Exclusive

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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MoneySmart Exclusive: HK$300 Supermarket Vouchers Valid till 31 Jul 2020.

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Annual Interest Rate	33.41%
Annual Principal Fee	HK$2,000
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	All interest, fees, charges (including Annual Fee(s)), the total of the over-limit amount and/or the overdue amount (where applicable) that may be charged, plus 1% of outstanding principal or HKD/CNY220, whichever is higher
Interest Free Period	Up to 56 days

Local Resident	HK$96,000

Mastercard

Mastercard contactless

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

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MoneySmart Exclusive: Successful application through MoneySmart: Extra HK$100 cash rebate Valid till 31 Dec 2020.

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Annual Interest Rate	N/A
Annual Principal Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 days

Local Resident	HK$0
Foreigner	HK$0

Unionpay

UnionPay QuickPass
Apple Pay

MoneySmart Exclusive

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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MoneySmart Exclusive: HK$500 Cash coupon upon Card Approval Valid till 31 Jul 2020.

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Annual Interest Rate	37.67%
Annual Principal Fee	HK$980
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	The Minimum Payment is calculated as the highest of the following three amounts: (i) 1.5% of outstanding Principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220, plus any overdue minimum payments and any amount exceeding your credit limit

Local Resident	HK$150,000
Foreigner	HK$150,000

MoneySmart Exclusive

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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MoneySmart Exclusive: HK$500 Cash coupon upon Card Approval Valid till 31 Jul 2020.

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Annual Interest Rate	37.67%
Annual Principal Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	The Minimum Payment is calculated as the highest of the following three amounts: (i) 1.5% of outstanding Principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220 , plus any overdue minimum payments and any amount exceeding your credit limit

Local Resident	HK$300,000
Foreigner	HK$300,000

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

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MoneySmart Exclusive: Successful application through MoneySmart: Extra HK$100 cash rebate Valid till 31 Dec 2020.

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Annual Interest Rate	N/A
Annual Principal Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 days

Local Resident	HK$0
Foreigner	HK$0

Unionpay

UnionPay QuickPass
Apple Pay

Bank Promo

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

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Bank Promo: 【Limited Offer! Buy the Big Hit Dyson Electronics】HK$1,500 Sogo coupon Valid till 16 Jul 2020.

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Annual Interest Rate	35.52%
Annual Principal Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	1.5% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$240,000
Foreigner	HK$360,000

Mastercard

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

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MoneySmart Exclusive: Extra HK$150 voucher apply via MoneySmart! Valid till 31 Dec 2020.

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Annual Interest Rate	35.52%
Annual Principal Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.5% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$240,000
Foreigner	HK$240,000

Mastercard

DBS Black American Express Card

Min. Annual Salary: HK$240,000
Rewards on local spend: HK$5 = 1 mile
Annual Fee Waiver: First-Year

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Annual Interest Rate	36.33%
Annual Principal Fee	HK$1,000
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	Varies. For more info, view T&C
Interest Free Period	Up to 60 days

Local Resident	HK$240,000
Foreigner	HK$240,000

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

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MoneySmart Exclusive: HK$200 Cashback and HK$150 cash coupon upon Card Approval, Successfully applied through MoneySmart: Extra HK$150 cash Coupon Valid till 31 Jul 2020.

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Annual Interest Rate	37.68%
Annual Principal Fee	HK$980
Supplementary Annual Fee	N/A
Fee Waiver
Minimum Monthly Repayment	The highest of the following three amounts: (i) 1.5% of outstanding principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220, plus any overdue minimum payments and any amount exceeding your credit limit.

Local Resident	HK$150,000
Foreigner	HK$150,000

MoneySmart Exclusive

Enjoy premium travel offers

The Platinum Card

Min. Annual Salary: HK$1,000,000
Rewards on local spend: HK$7.5 = 1 mile
Annual Fee Waiver: N.A.

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MoneySmart Exclusive: HK$1,500 Cova Gift Card! Valid till 31 Jul 2020.

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Annual Interest Rate	N/A
Annual Principal Fee	HK$7,800
Supplementary Annual Fee	complimentary 2 supplementary cards
Fee Waiver
Minimum Monthly Repayment	N/A

Local Resident	HK$1,000,000
Foreigner	HK$1,000,000

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.

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MoneySmart Exclusive: HK$400 Cash coupon upon Card Approval Valid till 31 Jul 2020.

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Annual Interest Rate	36.07%
Annual Principal Fee	HK$2,200
Supplementary Annual Fee	N/A
Fee Waiver	N/A
Minimum Monthly Repayment	The highest of the following three amounts: (i) 1.5% of outstanding principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220, plus any overdue minimum payments and any amount exceeding your credit limit.
Interest Free Period	N/A

Local Resident	HK$300,000

Up to 25% discount at I.T

American Express I.T Cashback Card

Min. Annual Salary: HK$150,000
Rewards on local spend: 1.2% Cashback
Annual Fee Waiver: First-Year

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Welcome Offer

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

Apply Now

Welcome Offer: Jabra Elite Active 65t Wireless Headphone or USA meresoy Massage Gun or HK$500 Cash Rebate Valid till 28 Feb 2021.

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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.

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Bank Promo

High cash rebates for designated categories

Citi Rewards MasterCard

Min. Annual Salary: HK$150,000
Rewards on local spend: 3.2% Cashback
Annual Fee Waiver: First-Year

Apply Now

Bank Promo: 【Limited Offer! Buy the Big Hit Dyson Electronics】HK$1,500 Sogo coupon Valid till 16 Jul 2020.

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MoneySmart Exclusive

Up to 15% bus fare rebate

Citi Octopus Platinum Card

Min. Annual Salary: HK$150,000
Rewards on local spend: 0.5% Cashback
Annual Fee Waiver: First-Year

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MoneySmart Exclusive: Extra HK$150 voucher apply via MoneySmart! Valid till 31 Dec 2020.

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Hang Seng Platinum UnionPay Card

Min. Annual Salary: HK$150,000
Rewards on local spend: 4% Cashback
Annual Fee Waiver: Perpetual

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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.

Credit Card	Annual Minimum Salary Requirement	Feature
Hang Seng MPOWER Card	HK$150,000	5% cash dollars rebate on mobile payment, online shopping, and overseas transactions
HSBC Red Credit Card	HK$120,000	4% cashback on online purchases
BOC Dual Currency Diamond Card	HK$200,000	4% cashback on the mobile payment transaction

Annual Interest Rate	38.37%
Annual Principal Fee	HK$1,500
Fee Waiver
Minimum Monthly Repayment	"The Minimum Payment Amount is HKD300 / CNY300 (subject to card type) or the sum of items (i) to (iv) below (whichever is higher): (i) all fees and charges (including finance charges and annual fees); (ii) any overdue Minimum Payment Amount; (iii) amount exceeding the prescribed credit limit after deducting the amount of items (i) and (ii) from the New Balance; and (iv) 1% of the New Balance after deducting the amount of items (i) to (iii)."
Interest Free Period	Up to 56 days

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

Best Credit Cards with Annual Fee Waiver in Hong Kong

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WeWa UnionPay Card

Promotions

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

Standard Chartered Simply Cash Visa Card

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

Hang Seng MPOWER CARD

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Standard Chartered Asia Miles Mastercard

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

EarnMORE UnionPay Card

Promotions

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

American Express Cathay Pacific Credit Card

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

American Express Cathay Pacific Elite Credit Card

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

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

Promotions

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

Citi PremierMiles Card

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Citi Cash Back Card

Promotions

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

DBS Black American Express Card

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

Blue Cash℠ Credit Card from American Express

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association

Wireless Payment

The Platinum Card

Annual Fee Waiver Features

Annual Interest Rate and Fees

Minimum Income Requirements

Card Association