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 33 Credit Cards for you!
Standard Chartered logo
MoneySmart Exclusive
5% rebate|Waive foreign exchange fee
Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
HK$2,788

【SmartPoints - Your Rewards Your Choice】From now until 2 April 2024, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get SONY WF-1000XM5 earbuds (value: HK$2,490) or 12,000 SmartPoints and free to redeem HK$1,200 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)! SmartPoints can be converted into cash and cashed out directly!

Valid until 02 Apr 2024 - See more details below
Apply Now
DBS logo
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

Quick! Apply Today for Exclusive HomePod mini!From now until 31 March 2024, customers who successfully apply for DBS Blackworld Mastercard via MoneySmart, can enjoy a HomePod mini (retail price: HK$749) or HK$500 Apple Store Gift Card/ Klook Voucher/ PARKnSHOP Supermarket Voucher! You can also earn the bank welcome offer of up to 42,000 miles at the same time!

Valid until 31 Mar 2024 - See more details below
Apply Now
PrimeCredit logo
Min. Annual Salary
HK$0
Cash back on overseas spend
0.4%
Cash rebate on travel spending and designated spending categories
4%
Apply Now
DBS logo
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 March 2024, apply for designated cards through MoneySmart(DBS Eminent Card/ DBS Live Fresh/ DBS Compass Visa)successfully to get HK$200 Apple Store Gift Card or HK$200 Klook Voucher or HK$200 ParknShop Voucher! 

Valid until 31 Mar 2024 - See more details below
Apply Now
American Express logo
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
【Get an extra HK$600 Statement Credit!】+Up to 74,000 Miles Welcome Offer in Town!
From now on until 31 March 2024, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 18,000 American Express Membership Rewards points and additional reward of 🔥HK$600 statement credit upon the first transaction within the first 3 months, and gain another 108,000 American Express Membership Rewards points and additional reward of 🔥54,000 American Express Membership Rewards points upon the qualified spending of HK$7,000 within the first 3 months.

In total, customers can earn up to HK$600 statement credit and 180,000 American Express Membership Rewards points, equivalent to 10,000 miles - Earn 1.43 miles for every dollar spent! Plus, you can enjoy 8 complimentary access to Plaza Premium Lounges all over the world for a whole year!


Zoom to Japan, Korea, and Taiwan with Lightning Speed! 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!
Valid until 31 Mar 2024 - See more details below
Apply Now
Standard Chartered logo
MoneySmart Exclusive
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
Bank Welcome Offer
60,000 miles

【SmartPoints - Your Rewards Your Choice】From now until 2 April 2024, new Cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get DENON PerL earbuds (value: HK$1,580) or 9,000 SmartPoints and free to redeem HK$900 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)! SmartPoints can be converted into cash and cashed out directly!

Valid until 02 Apr 2024 - See more details below
Apply Now
PrimeCredit logo
Earn 2% cashback from everyday spending
N/A
N/A
N/A
Apply Now
Standard Chartered logo
MoneySmart Exclusive
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
Bank Welcome Offer
100,000 miles

【SmartPoints - Your Rewards Your Choice】From now until 2 April 2024, new Cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get DENON PerL earbuds (value: HK$1,580) or 9,000 SmartPoints and free to redeem HK$900 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)! SmartPoints can be converted into cash and cashed out directly!

Valid until 02 Apr 2024 - See more details below
Apply Now
China CITIC Bank International logo
Min. Annual Salary
HK$96,000
All year round Cash rebate on WeChat HK Wallet, UnionPay App and RMB Spending
4%
Basic Cash Back
0.5%
Read More
Standard Chartered logo
MoneySmart Exclusive
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
Bank Welcome Offer
80,000 miles

【SmartPoints - Your Rewards Your Choice】From now until 2 April 2024, new Cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get DENON PerL earbuds (value: HK$1,580) or 9,000 SmartPoints and free to redeem HK$900 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)! SmartPoints can be converted into cash and cashed out directly!

Valid until 02 Apr 2024 - See more details below
Apply Now
PrimeCredit logo
3 Complimentary airport lounges access per year
Min. Annual Salary
HK$0
Cash back on local or oversea spending
2%
Annual Fee Waiver
First 5 Years
Apply Now
Citibank logo
Free travel insurance and airport lounges access
Minimum Income Requirements
HK$120,000
Rewards on local spend
HK$8 = 1 mile
Annual Fee Waiver
First-Year
Read More
China CITIC Bank International logo
Min. Annual Salary
HK$96,000
Cash Back on Dining, Online and Foreign Currency Spending
6%
Annual Fee Wavier
First-Year
Read More
Standard Chartered logo
Unlimited cashback
Min. Annual Salary
HK$96,000
Rewards on local spend
1.5% Cashback
Annual Fee Waiver
First-Year
Read More
Citibank logo
2% foreign currency rebate
Minimum Income Requirements
HK$120,000
Rewards on local spend
2% Cashback
Annual Fee Waiver
First-Year
Read More
Citibank logo
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
Read More
Citibank logo
Up to 15% transport fare rebate
Minimum Income Requirements
HK$120,000
Rewards on local spend
0.5% Cashback
Annual Fee Waiver
First-Year
Read More
Dah Sing Bank logo
MoneySmart Exclusive
Min. Annual Salary
HK$150,000
Rewards on local spend
1% Cashback
Annual Fee Waiver
First 2 Years

【Welcome offer Exclusive for MoneySmart Users】From now until 31 March 2024,  New Dah Sing Credit Cardholder to get extra HK$150 PARKnSHOP supermarket vouchers or HKTVmall e-Voucher upon approval on the credit card! Total up to HK$650 rewards including Dah Sing Bank welcome offer. 



Each Eligible Cardholder is entitled to HK$500 cash rebate upon accumulating Eligible Spending of HKD5,000 or above, and making at least 5 Eligible Spending transactions, within the first 2 months from the date of the Bank's issuance of the Eligible Card.

Valid until 31 Mar 2024 - See more details below
Apply Now
American Express logo
Up to 25% discount at I.T
Min. Annual Salary
HK$150,000
Rewards on local spend
1.2% Cashback
Annual Fee Waiver
First-Year
Read More
Dah Sing Bank logo
MoneySmart Exclusive
As low as HK$0.5=1 Avios for welcome offer
Min. Annual Salary
HK$150,000
Miles Conversion (local spend)
HK$6 = 1 Avios
Miles Conversion (oversea spend)
$6 = 1.5 Avios

【MoneySmart Exclusive】From now until 31 March 2024, New Dah Sing Credit Cardholders are entitled to get an extra HK$100 PARKnSHOP supermarket voucher/ HKTVmall e-Voucher upon approval on the designated credit card (Dah Sing British Airways Platinum Card/ Dah Sing ANA World Mastercard. Dah Sing United MileagePlus World MasterCard)!

Valid until 31 Mar 2024 - See more details below
Apply Now

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.