Best Cash Back Credit Cards Hong Kong

Updated April 2019

Earn cash rebate on dining, hotel bookings or online shopping spend by using cash back credit cards. Compare and choose from a wide range of flat rate, tier based or special bonus category cash back credit cards in Hong Kong.

Other Cash Back Cards

Blue Cash℠ Credit Card from American Express
Blue Cash℠ Credit Card from American Express

$150,000

Min. Annual Salary

1.2%

Cash back on overseas spend

1.2%

Cash back on 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
  • 20% 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
Hang Seng enJoy Card
Hang Seng enJoy Card

$150,000

Min. Annual Salary

1.5%

Cash back on overseas spend

1%

Cash back on 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
HSBC Visa Signature Card
HSBC Visa Signature Card

$360,000

Min. Annual Salary

5.6%

Cash back on overseas spend

3.6%

Cash back on local spend

Promotion: Apply online to earn up to $1,400 RewardCash
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$360,000)
  • Fee charged for mileage conversion
EarnMORE UnionPay Card
EarnMORE UnionPay Card

$0

Min. Annual Salary

2%

Cash back on overseas spend

2%

Cash back on 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
WeWa UnionPay Card
WeWa UnionPay Card

$0

Min. Annual Salary

0.40%

Cash back on overseas spend

4%

Cash back on local spend

Promotion: A set of Round-trip Standard Seat Flight Tickets for One Passenger from Hong Kong to Japan (Osaka or Okinawa) with HK$100 Hotel Voucher or HK$500 Cash Rebate or HK$600 Häagen-Dazs™ Gift Voucher
Best for: Cash rebate seekers on lifestyle usage

Pros

  • Up to 4% Cash Rebate for transactions within specific categories (“Travel”, “Cinema”, “Karaoke” and “Theme Park”) all year round (equivalent to HK$10 Cash Rebate for every HK$250 spending) and the transactions made can be counted towards the Welcome Gift spending requirement
  • “Shake to Win II”: Grasp your chance to shake the prize of 100% Transaction Rebate. The more you spend, the more you earn! Prize is guaranteed to be awarded!
    (Trade Promotion Competition Licence Number: 51768-70)
  • Handling fee waiver for overseas spending
  • First 5 year annual fee waiver for Student

Cons

  • Only 0.4% Cash Rebate for transactions within other categories
Hang Seng MPOWER CARD
Hang Seng MPOWER CARD

$150,000

Min. Annual Salary

4.4%

Cash back on overseas spend

4.4%

Cash back on local spend

Promotion: Welcome offer up to 8 movie tickets, up to 365-day KKBOX premium membership and up to $400 Cash Dollars
Best for: People who frequently spending on online shopping and entertainment

Pros

  • Up to 4.4% Cash Dollars rebate in moblie payment, online shopping and overseas spending
  • Many MCL Cinema promotion
  • Many KKBOX promotion
  • Many designated merchants exclusive year-round discount offers
  • 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
American Express Cathay Pacific Credit Card
American Express Cathay Pacific Credit Card

$150,000

Min. Annual Salary

N.A.

Cash back on overseas spend

N.A.

Cash back on 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
Citi PremierMiles Card
Citi PremierMiles Card

$240,000

Min. Annual Salary

0.4%

Cash back on overseas spend

3.2%

Cash back on local spend

Promotion: Welcome offer round trip ticket to Taipei 1 set (108,000 Points) + Free year-round travel insurance!
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)
  • 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
Citi Rewards Visa Card
Citi Rewards Visa Card

$150,000

Min. Annual Salary

0.4%

Cash back on overseas spend

3.2%

Cash back on local spend

Promotion: Welcome offer 135,000 Points!
Best for: Frequent shoppers looking to maximize points that can be used for a wide range of redemption options

Pros

  • Welcome offer 135,000 Points (can be redeemable for HK$600 Wellcome coupon or 9000 Miles=Round trip ticket to Taipei 1 set)
  • Enjoy 5X points (=HK$3/Mile) all year round and 8X points (=HK$1.875/Mile) during your birthday month for spending in supermarkets, department stores and telecommunication bill payments
  • E-wallet transaction is eligible as welcome offer spending (PayMe, WhChat Pay, AliPay, etc.)
  • Points never expire
  • Low annual income requirement for HK$150,000

Cons

  • Fees will be charged for converting points into miles
  • No points for making payment through online e-banking
  • No offers for overseas spending
Citi Cash Back Visa Card
Citi Cash Back Visa Card

$240,000

Min. Annual Salary

2%

Cash back on overseas spend

2%

Cash back on local spend

Promotion: Welcome offer HK$1,000 cash back for welcome rewards!
Best for: Cash back rewards seekers, especially those who frequently spend on dining and local merchants in Hong Kong

Pros

  • Welcome offer HK$1,000 cash back for welcome rewards
  • 2% cash rebate on global dining and hotel spending
  • 2% cash rebate on other spending in foreign currency
  • 1% rebate on e-wallet transaction (PayMe, WhChat Pay, AliPay, Octopus)
  • Enjoy all Visa Signature Privileges

Cons

  • No rebates on bill-payment
BEA Visa Signature Card
BEA Visa Signature Card

HK$240,000

Min. Annual Salary

4.4%

Cash back on overseas spend

4.4%

Cash back on local spend

Best for: Those who frequently spend on dining and local merchants in Hong Kong

Pros

  • Unlimited 6X Bonus Points (2.4% rebate) at all dining outlets in Hong Kong
  • Unlimited 4X Bonus Points (1.6% rebate) for all overseas spending/li>
  • Reach the designated spending amount for any calendar year with your BEA Visa Signature Card, will be entitled to free 7-day family travel insurance plans in the following year
  • 10% off on UA/MCL cinemas
  • 4.4% rebate on "BEA Days" selected category spending

Cons

  • No Bonus Points will be offered for selected online bill payments
  • No Bonus Points will be offered for purchases and/or adding value to stored-value cards or e-Wallets (except PayMe/ Octopus Automatic Add Value Service)
  • No extra 0.6 Points for PayMe/ Octopus Automatic Add Value Service
  • Points can't convert to Asia Miles
BEA i-Titanium Card
BEA i-Titanium Card

HK$40,000

Min. Annual Salary

4.4%

Cash back on overseas spend

4.4%

Cash back on local spend

Promotion: Welcome offer: HK$500 Cash Rebate / HK$500 HKTVmall Gift Voucher & 5-day Birdie Travel SIM
Best for: Online shopping and cash rebate lovers

Pros

  • 3% i-Dollar rebate on online spending
  • 4.4% cash rebate on "BEA Days" selected category spending
  • Minimum annual income requirement is HK$40,000
  • Simple approval conditions which students can also apply

Cons

  • No CashBack on e-banking payment
American Express Cathay Pacific Elite Credit Card
American Express Cathay Pacific Elite Credit Card

$300,000

Min. Annual Salary

N.A

Cash back on overseas spend

N.A

Cash back on local spend

Promotion: Welcome offers up to 76,000 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 complimentary access to Plaza Premium Lounge each year
  • HK$6 = 1 Asia Mile on all local spend and HK$6 = 1.5 Asia Mile on foreign currency spend
  • No charge on miles conversion as the spending will be automatically converted to Asia Miles
  • Complimentary travel insurance and shopping protection
  • Enjoy 10% discount at Broadway Circuit and AMC Pacific Place cinemas

Cons

  • No rebates on octopus card auto add value
Citi Octopus Platinum Card
Citi Octopus Platinum Card

$150,000

Min. Annual Salary

0.5%

Cash back on overseas spend

0.5%

Cash back on local spend

Promotion: Welcome offer HK$200 Cash Rebate!
Best for: People who use Octopus card frequently and focus on cash rebate

Pros

  • Welcome offer HK$200 Cash Rebate
  • Enjoy 15% KMB, LWB, CTB and NWFB Bus Fare Rebate
  • 2-in-1 credit card with Octopus service, Automatic top up of HK$250 when your Octopus balance is running low
  • HK$200 = HK$1 Octopus cash back, rebate on e-wallet transaction (PayMe, WhChat Pay, AliPay, Octopus)
  • Low annual income requirement for HK$150,000

Cons

  • 0.5% cash back
Standard Chartered Platinum Credit Card
Standard Chartered Platinum Credit Card

HKD150,000

Min. Annual Salary

0.4%

Cash back on overseas spend

0.4%

Cash back on local spend

Promotion: New Cardholders welcome offer HKD600 cash rebate
Best for: Those looking for points with the flexibility to convert into cash, air miles, or shopping vouchers

Pros

  • New Cardholders welcome offer: HKD600 cash rebate
  • Receive HKD800 cash rebate when apply for Standard Chartered UnionPay Dual Currency Platinum Credit Card at the same time and fulfilled relevant requirement
  • No expiry of 360° Rewards Points
  • Points can convert to cash, mileage and voucher
  • Low annual income requirement of HKD150,000 or above

Cons

  • Fee charged for mileage conversion(HKD300)
  • No rebates on ebanking bill-payment
Show more cards

Compare Cashback Credit Cards in Hong Kong 2019

Best forCredit cardCashback
Lifestyle and entertainmentWeWa UnionPay CardUp to 4%
Dining and hotelCiti Cash Back Visa CardUp to 2%
Cash Rebate for all categoriesEarnMORE UnionPay CardUp to 2%
Foreign currencyStandard Chartered Simply Cash Visa CardUp to 2%
Year-round rewards programmeHSBC Visa Signature CardUp to 5.6%

Can We Get Unlimited Cashback?

In most cases, no. Cashback credit cards reward you with cash rebates based on your spending amount. This amount is credited to your account, giving you a discount off your credit card bill. Some banks may link cashback to their reward point schemes, giving your a choice between cashbacks and gifts. For some banks, you can pay cash dollars at selected merchants as cash. With the said that, cashback credit cards also have limits. Here’re 3 tips for you:

Basic cashback

Some cash back credit cards may set a minimum spend for getting cash rebates. Some banks may set a cap on cashback amount or certain categories.

Bonus cashback

Many banks partner with merchants to launch joint offers from time to time. These are awarded on top of the base cash rebate and can be pretty high. Note that some banks may set a spending requirement, plus you need to register in advance to get the cashback offer.

Introductory offers

You’ll get cashbacks as a welcome offer for applying for new credit cards. Note that banks usually set a spending requirement, and you can’t cancel their credit cards over the past 6-12 months. For the welcome cash rewards, banks will transfer it to your credit card account in a few months.

Find Credit Cards That Fit 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 higher flexibility. Air miles credit cards are suitable for frequent flyers who would take the effort to research on collecting miles. Cashback credit cards are suitable for those who don’t spend a lot and want to get rebates directly.

Air Miles

Miles Credit Cards

  1. Standard Chartered Asia Miles Mastercard: HKD4/mile for dining and online spending
  2. Citi PremierMiles Card: HKD3/mile for foreign currency transactions

Cashback

Cashback Credit Cards

  1. Standard Chartered Simply Cash Visa Card:: 2% rebates on foreign currency transactions
  2. Citi Cash Back Visa Card: 2% rebates on global dining and hotel spending

Reward Points

Reward Points Credit Cards

  1. Citi Rewards Card: 5x points all-year-round at supermarkets, department stores, and telecom providers
  2. HSBC Visa Signature Card: Up to 14x “RewardCash” for selected categories

Frequently Asked Questions

What are the strengths of cashback credit cards?

The best thing about cashback credit cards is that you don’t need to worry about the expiry date of points. All cashbacks will be credited directly into your credit card account. Unlike air miles and gifts, you don’t need to pay extra fees for redeeming.

How do cashback credit cards work?

Cashback credit cards give you a cash rebate on the purchases you have made. Card issuers can afford to give you cash back because of the interchange fees that merchants pay them for each transaction. Some cashback cards offer bonus categories and tiered rewards. Some of them also have a minimum spend requirement and a cashback cap.

How to pick a cashback credit card?

Before getting a cashback credit card, sort out your spending habit and frequent spending categories. Take Standard Chartered Simply Cash Visa Card as an example, you can get 2% cashback for spending in foreign currency all year round. If you travel a lot, this card will be the best choice for you. Apart from cash rebates, welcome offers, ways to redeem cashback, rebate caps, minimum spend, annual fee, and other details should be your main criteria for applying for a credit card.

What is the average cashback rate?

The basic rebate rate of a cashback credit card is around 0.4% to 1%, which is $0.4 to $1 cashback for every $100. Some credit cards may focus on certain spending categories, such as entertainment, spending in foreign currency, and dining etc., giving you cashback up to 4% to 5%.

What are some of the things to look out for while using cashback credit cards?

Some cashback credit cards may set a minimum monthly spend. If you can’t reach the amount, you won’t receive any cashback. For some other banks, they set a cap on cashback instead. Say, your credit card’s rebate rate is 1% and the cap is at $1,000, simply spend $10,000 in a month and you’ll reach your cap. The promoted cashback rate may only be applicable to certain spending categories with restrictions. One more thing, using cashback credit cards overseas will charge you a foreign currency transaction fee, and your rebate rate will be lowered after deducting the fee.

What are the strengths of cashback credit cards?

The best thing about cashback credit cards is that you don’t need to worry about the expiry date of points. All cashbacks will be credited directly into your credit card account. Unlike air miles and gifts, you don’t need to pay extra fees for redeeming.

Should I pick a cashback credit card or an air miles credit card?

Cashback credit cards are effortless and simple to use since the cashback is automatically credited into your credit card account. Some banks also link cashbacks to their reward points scheme, such as Hang Seng. The Cash Dollars can be used as coupons or cash at selected merchants. Air miles credit cards seem better for travel lovers, but a free flight ticket isn’t cheap – you still need to pay for a mileage conversion fee, a fuel surcharge and other additional fees. You’d also have to plan one year ahead if you’re thinking of travelling during peak season. Ultimately, it depends on your lifestyle.