Best Credit Cards Hong Kong

Updated February 2019

Choosing a credit card that best fits you is overwhelming, but MoneySmart.hk will help you pick out a good credit card to complement your spending habits. From latest welcome offers, best cash back to air miles promotions, we've compared and reviewed those best credit cards in Hong Kong for you.

Other Cards
AEON Card JAL
AEON Card JAL

$0

Min. Annual Salary

N.A.

Cash back on local spend

HK$6 = 1 Mile

Miles Conversion (local spend)

Best for: People who like to travel to Japan
Pros
  • No transaction fee is imposed by AEON on foreign currency transaction
  • Enjoy 10% discount for all inflight purchases
  • Accumulate credit purchase spending HK$30,000 or above in 12 months upon card issuance and annually thereafter, the annual fee $480 of the coming year will be waived
  • Enjoy 5% discount offer for shopping at Japan Duty Free shops and JAL Duty Free at the Narita International Airport, Tokyo
  • Enjoy 5% credit purchase discount at AEON on "Thanksgiving Days" (2nd & 20th of every month)
Cons
  • Miles can only be used for Japan Airlines
EarnMORE UnionPay Card
EarnMORE UnionPay Card

$0

Min. Annual Salary

2%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Promotion:
Welcome Offer : OTO Qseat or HK$600 Häagen-Dazs™ Gift Voucher or HK$500 Cash Rebate
Extra HK$100 cash rebate for successful application via MoneySmart
Best for: People who focus on cash rebate in all spending no matter local or overseas spending
Pros
  • Up to 2% Cash Rebate for all categories eligible purchase
  • Automatic Add Value Service in Octopus Card also have up to 2% cashback
  • Handling fee waiver for overseas spending
  • Enjoy free access to the Plaza Premium Lounges at Hong Kong International Airport (East Wing and West Wing) and Macau International Airport (promotion until 28 February 2019)
Cons
  • Buy 1 get 1 free ticket in Cinema City is only valid on the specified day
Hang Seng enJoy Card
Hang Seng enJoy Card

$150,000

Min. Annual Salary

1%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Promotion: Welcome offers up to $400 enJoy Dollars and receive HKD3,500 designated merchant coupons
Best for: People who frequently shopping on enJoy card designated merchant
Pros
  • Many designated merchants exclusive year-round discount offers
  • 1% enJoy Dollars Rebate for spending with your Card at the enJoy Card Designated Merchants (every HKD200 = $2 enJoy Dollars)
  • up to 2.4% Cash Dollars rebate on overseas spending and online shopping
  • Principal and Supplementary Card Customers will enjoy Perpetual Annual Fee Waiver
Cons
  • Every HKD200 card spending with your Card at merchant outlets other than the enJoy Card Designated Merchants, you can earn $1 Cash Dollar
DBS Black World Mastercard
DBS Black World Mastercard

$240,000

Min. Annual Salary

0.8%

Cash back on local spend

$6 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer: Up to 85,000 miles
Best for: Travel lovers, using DBS$ to redeem 4 different kinds of mileage, or instant redeem flight ticket or hotel via iGO Rewards with DBS$
Pros
  • Attractive welcome offer:First HK$5,000 local spending HK$1 = 1 Mile and first HK$70,000 overseas spending HK$2.5 = 1 mile
  • No expiry date on DBS$
  • 20% off Cash Rebate Redemption Promotion
  • Exclusive 45% off iGO Rewards Redemption
  • Complimentary newspaper/magazine redemption at airport
  • Use DBS$ to redeem flights, hotels, car rental or packages
  • Top up in PayMe can earn HK$6 = 1 Mile
Cons
  • No miles on bill-payment and insurance payment
  • No complimentary travel insurance
HSBC Visa Signature Card
HSBC Visa Signature Card

$480,000

Min. Annual Salary

3.6%

Cash back on local spend

$2.78 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer: Apply online to get up to HK$1,800 + first two-year annual fee waiver
Best for: Those looking to earn maximum amount of points on a particular category of their choosing, particularly for oversees spending
Pros
  • Earn up to 14X RewardCash for spending in Rewards of Your Choice category
  • Up to 5.6% RewardsCash rebate (ie. HK$2.78 = 1 mile)
  • Discounts from many merchants, such as restaurants and hotels
  • Many offers for overseas, online and dining spending, etc
Cons
  • High annual income requirement (HK$480,000)
  • Fee charged for mileage conversion
Standard Chartered Simply Cash Visa Card
Standard Chartered Simply Cash Visa Card

HKD240,000

Min. Annual Salary

1.5%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Promotion: Welcome offer up to HKD2,000 CashBack + MONEYSMART exclusive HK$250 Voucher!
Best for: CashBack seekers
Pros
  • Attractive New Cardholders welcome offer, up to HKD2,000 CashBack (100% CashBack [up to HKD1,000] + Lucky draw for extra HKD1,000 CashBack)
  • Receive extra HKD100 CashBack when apply for Standard Chartered UnionPay Dual Currency Platinum Credit Card at the same time
  • 1.5% CashBack on local currency spending, including Octopus Automatic Add-Value transactions
  • Minimum annual income requirement is HKD240,000
  • Enjoy all promotions of Visa Signature
Cons
  • No CashBack on bill payments made through Standard Chartered Online Banking, Standard Chartered Phone Banking or JET Payment Services and insurance payments
Citi PremierMiles Card
Citi PremierMiles Card

$240,000

Min. Annual Salary

0.8%

Cash back on local spend

$8 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer round trip ticket to Taipei 1 set (108,000 Points) + Free year-round travel insurance + MoneySmart exclusive HK$400 Voucher!
Best for: Frequent travellers who would enjoy free travel insurance, good overseas spending conversion rate, and airport lounge access
Pros
  • Welcome offer round trip ticket to Taipei 1 set (108,000 Points) (9,000 Avios, can be redeemable for Round trip ticket to Taipei 1 set)
  • After applying via MoneySmart, you may receive exclusive HK$400 Supermarket Voucher, without any spending requirement. Click here to learn more and redeem the offer
  • Flexible mile redemption options including Avios, KrisFlyer etc.
  • High miles conversion rate of HK$3 = 1 Miles for overseas spend
  • Short mileage conversion time, only takes 4-8 days
  • Free travel insurance
  • No charge on Dynamic Currency Conversion payment
  • Points do not expire
Cons
  • No miles earned on online bill-payment
AEON UnionPay Credit Card
AEON UnionPay Credit Card

$0

Min. Annual Salary

1%

Cash back on local spend

N.A

Miles Conversion (local spend)

Promotion: Welcome offer up to HK$500 + Up to HK$2000 rebate for overseas spending + Earn 3X Bonus points
Best for: Cash rebate seekers on lifestyle usage
Pros
  • Enjoy members-only discount at AEON's massive merchant network
  • Every HK$1 spent on credit purchase entitled 1 bonus point. Every HK$1 on credit purchase or Interest-free Card Instalment Plan at AEON Stores entitled 2 bonus points*. Points accrued can be used for redemption offered by AEON Bonus Point Program
  • Enjoy 5% credit purchase discount at AEON on "Thanksgiving Days"
  • Enjoy interest-free card installment services on electrical appliances, furniture, health and equipment, and designated products year-round
  • AEON UnionPay Credit Card can be added to UnionPay App to enjoy cross-borad QR code payment service
Cons
  • HK$500 ceiling for cash rebate
WeWa UnionPay Card
WeWa UnionPay Card

$0

Min. Annual Salary

4%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Promotion: Welcome gift : Redemption price for Nintendo Switch Package or DAHON Folding Bikes or HK$500 cash rebate
Extra $100 cash rebate for successful application via MoneySmart
Best for: Cash rebate seekers on lifestyle usage
Pros
  • Up to 4% cash rebate within “Travel”, “Cinema”, “Karaoke” and “Theme Park” categories
  • Make a single transaction or an overdraft of HK$400 or above to join “Shake to Win” on OmyCard mobile app. Grasp your chance to shake your prize of free spending credit! The more you spend, the more you earn! (Trade Promotion Competition Licence number: 50920-1)
  • Without transaction fee on overseas purchase
  • Student can apply this card
Cons
  • Only 0.4% cash rebate for non-specific category
HSBC Visa Platinum Card
HSBC Visa Platinum Card

$150,000

Min. Annual Salary

2.4%

Cash back on local spend

$4.17 = 1 Mile

Miles Conversion (local spend)

Promotion: Welcome offer: Apply online to get up to HK$1,800 + first two-year annual fee waiver
Best For: People who want to earn maximum amount of points to be used for a category of their choosing
Pros
  • Earn up to 6X RewardCash with ""Red Hot Rewards of Your Choice"" on your frequent spending category (equal to 2.4% RewardCash rebate)
  • HSBC Exclusive Benefits: Concierge services including travel information and restaurant reservations, exclusive hotel and car rental offers, and application for Private Label Cards (city'super, CODE, Dickson, and HARVEY NICHOLS)
  • Earn RewardCash by settling Premium / tuition via e-banking (only for the first HK$10,000 each month)
  • No extra fee for Dynamic Currency Conversion transactions
    Cons
    • Fee charged for mileage conversion
    American Express Cathay Pacific Credit Card
    American Express Cathay Pacific Credit Card

    $150,000

    Min. Annual Salary

    N.A.

    Cash back on local spend

    $8 = 1 Mile

    Miles Conversion (local spend)

    Promotion: Up to 74,000 Asia Miles + MONEYSMART exclusive HK$250 Voucher!
    Best for: Travel lovers for earning most air miles with large spending, also Cathay Pacific frequent user and enjoy travel benefits
    Pros
    • Enjoy Twice-yearly Plaza Premium Lounge access
    • Complimentary travel insurance and shopping protection
    • HK$8 = 1 Asia Mile on all local spend and HK$8 = 1.5 Asia Mile on foreign currency spend
    Cons
    • No rebates on octopus card auto add value
    The Platinum Card
    The Platinum Card

    $1,000,000

    Min. Annual Salary

    N.A.

    Cash back on local spend

    $7.5 = 1 Mile

    Miles Conversion (local spend)

    Promotion: Welcome offer : Up to 700,000 Membership Rewards Points + MONEYSMART exclusive HK$400 Voucher!
    Best for: Frequent travellers who value premium experiences and looking to redeem membership rewards points for air miles and different kinds of gifts
    Pros
    • In Membership Rewards Turbo Program, spend HK$1 = 2 points and 15 points = 1 miles (HK$7.5 = 1 Mile)
    • HK$5 = 1 mile on oversea spending and flights booking with designated airline
    • Unlimited access to worldwide airport lounge
    • Enjoy travel and hotel benefits
    • Buy 1 get 1 free movie ticket on both Thursday and Friday at any Broadway Circuit and AMC Pacific Place cinema
    • Enjoy the platinum concierge service
    Cons
    • The Buy-1-Get-1-Free movie tickets offer is not applicable in specified days
    HSBC UnionPay Dual Currency Diamond Card
    HSBC UnionPay Dual Currency Diamond Card

    $150,000

    Min. Annual Salary

    2.4%

    Cash back on local spend

    $4.17 = 1 Mile

    Miles Conversion (local spend)

    Promotion: Welcome offer: Apply online to get up to HK$1,800 + first two-year annual fee waiver
    Best for: Frequent travellers to China, who would enjoy good currency exchange rates between HKD and RMB
    Pros
    • Earn up to 6X RewardCash with ""Red Hot Rewards of Your Choice"" on your frequent spending category (equal to 2.4% RewardCash rebate)
    • Medical, Travel Assist, and Concierge Service when traveling
    • Enjoy a privileged rate of HK$250 for airport limousine transfer
    • Free entry to Plaza Premium lounge 3x per year
    • Low annual income requirement (HK$150,000)
    Cons
    • 1% handling fee charge on foreign currency spending
    Blue Cash℠ Credit Card from American Express
    Blue Cash℠ Credit Card from American Express

    $150,000

    Min. Annual Salary

    1.2%

    Cash back on local spend

    N.A.

    Miles Conversion (local spend)

    Promotion: Welcome offer: HK$500 Cashback + 2 movie tickets + MONEYSMART exclusive HK$350 Voucher and Le Creuset Gift Set !
    Best for: Cash rebates seekers, 1.2% cash rebate in spending
    Pros
    • Enjoy 1.2% Cashback on everyday purchases, in town and overseas
    • Annual salary requirement is low (HK$150,000)
    • Online fraud protection guarantee and 45 days cover
    • 15% savings on 3D, 2D and IMAX movie tickets at Broadway Circuit and AMC Pacific Place cinemas
    • Cashback with no string
    Cons
    • No rebates on bill-payment and octopus auto add value
    HSBC UnionPay Dual Currency Credit Card
    HSBC UnionPay Dual Currency Credit Card

    $60,000

    Min. Annual Salary

    2.4%

    Cash back on local spend

    $4.17 = 1 Mile

    Miles Conversion (local spend)

    Promotion: Welcome offer: Apply online to get up to HK$1,800 + first two-year annual fee waiver
    Best for: Frequent travelers to China looking for seamless transition between HKD and RMB
    Pros
    • Earn up to 6X RewardCash with ""Red Hot Rewards of Your Choice"" on your frequent spending category (equal to 2.4% RewardCash rebate)
    • Low annual income requirement (HK$60,000)
    • Medical, Travel Assist and Concierge Service
    Cons
    • No free of Airport Lounge access
    • 1% service fee on oversea spending
    Show more cards

    Which Credit Card is the Best in Hong Kong?

    Out of all credit cards, which one is the best? Unfortunately, there’s no single best credit card for everyone in Hong Kong. You’ll have to choose a credit card that best fits your lifestyle needs and wants. Here’s how:

    Step 1

    Find a card that fits your spending habits

    Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and love checking out new restaurants around town, then it makes sense to get a card with rewards points for dining out and useful perks like 1-for-1 buffet promotions.

    Step 2

    Plan how to use your credit card benefits

    Credit cards come with a whole bunch of benefits, so think about which benefits you actually want to use. You can pinpoint your spending to earn the most offers, such as instant cash rebates and air miles, from credit cards.

    Step 3

    Check the Terms & Conditions

    Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc.

    Pick your credit cards based on your spending habits

    Pick credit cards with different spending categories based on your habits to earn the most rewards. For reward point credit cards, you can redeem cash rebates, air miles, coupons, and other gifts, giving you a higher flexibility. Air miles credit cards are suitable for frequent flyers who know different skills like open jaw and stop-over to get a cheaper flight ticket with miles. But converting air miles may charge you handling fees, and you still need to pay for airport tax and fuel surcharge. Cashback credit cards are suitable for those who don’t spend a lot and want to get rebates directly.

    5 Most Common Credit Cards in Hong Kong

    Hong Kong credit cards are from 5 major card issuers. Visa and Mastercard take up most of the market, follow by American Express, UnionPay, and JCB. Visa and Mastercard are card issuers with longer history. You can swipe Visa and Mastercard everywhere in the world, and American Express can be used in 130+ countries. UnionPay credit cards are targeting at spending in China. Many Hong Kong banks launched UnionPay dual currency credit card, such as HSBC UnionPay Dual Currency Credit Card and Standard Chartered UnionPay Dual Currency Platinum Credit Card. JCB credit cards are perfect for those who travel often to Japan because they offer many discounts on spending in Japan. But now, only BEA and AEON have launched JCB credit cards in Hong Kong.

    Annual Fee is NOT the Only Credit Card Fee!

    Annual fees aren’t the only type of credit card charges you might be paying. There are many other common fees that will impact the benefits you earn, so be mindful of them and actively monitor your daily spending.

    Mileage conversion fees

    Some banks will charge you $100 to $500 for converting points to air miles.

    Overdue penalties

    You'll need to pay extra $80 to $350 as a penalty if you can’t repay the minimum charge on time.

    Foreign Transaction Fees

    If you travel a lot, be careful of the 1-2% handling fees for overseas spending.

    Tips for Credit Cards

    High annual percentage rate (APR)

    MoneySmart suggests you to clear all credit card debts every month. If you only pay for the minimum payment, banks will charge you an extra interest payment for unsettlement. The APR of credit cards is usually 30-35% or even higher.

    Purchase protection insurance

    Get stolen? No worries! Many credit cards offer purchase protection insurance, but the limit and indemnity of each card is different, e.g. Citibank credit cards only insure up to 30 days of purchase.

    Frequently Asked Questions

    How does a credit card work?

    A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly.

    What’s the difference between debit cards and credit cards?

    Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later. Make sure you know your repayment ability before swiping any credit cards.

    Am I qualified for credit cards?

    Different credit cards will have different requirements and qualifications. At a minimum, most credit cards in Hong Kong will require applicants to be at least 18+, have a Hong Kong identity card, and have income proof. Many banks offer an online credit card application, which takes a few minutes to get done.

    Can I apply for credit cards if I’m a housewife / freelancer / tertiary school student?

    Yes, you can! Simply check the banks’ requirements beforehand – some banks specifically cater for students or individuals with lower income by setting a lower bar on annual salary requirements. Submitting your income proof increases your chances of getting approved, but in some cases, you may still be apply for those credit cards without supporting documents.

    How long does a bank take to approve a credit card?

    It depends on the type of credit card you’re applying for, the application requirements, your credit records, and the supporting documents. Usually banks will give you a new credit card after 7-10 working days of submitting applications.

    Can I apply for several credit cards at the same time?

    Yes, you can. But note that applying for several credit cards at the same time may affect your credit score and increase your difficulty of getting loans later on. Even if you can get a credit card, your credit limit will also be affected.

    How to get my credit card annual fee waived?

    Lately, banks have offered credit card annual fee waivers for 1-5 year(s) as a benefit. Generally, the higher your credit card level, the higher your annual fee. Here’s a quick tip. Once the waiver promotion period passes, you can call the bank’s customer service hotline to see if they are willing to waive subsequent credit card annual fees.

    How can I pay my credit card bills?

    Credit cards have several bill payment methods, such as e-banking, bank counters, ATMs, PPS, cheques or DHL. Note that you’ll be charged for penalties if your bill payment becomes overdue.

    Is it bad to pay minimum payments only?

    Before swiping your credit cards, consider your repayment ability based on your income level and cash flow. Paying minimum payments will snowball the interest and extra credit card fees, and affect your credit score and home loan application in the long-term. We recommend you clear all your credit card bills every month to avoid any additional financial impact down the road.

    How to prevent my credit cards from getting stolen?

    Phone scams are one of the common ways to leak your credit card information. You should avoid giving your credit card information to suspicious people. Remember to confirm your spending amount, reject signing empty bills, and keep your receipts for verification.

    How to cancel my credit card?

    Not happy with your current credit card? You can call the credit card center listed on the provider’s website or go to a branch in-person to cancel your credit card.

    Do banks charge me for cancelling a credit card?

    Banks have the rights to cancel your welcome offers and deduct the face value of other offers from your account if you cancel your credit card within a short period after issuance (usually in 12 months).