Best Cash Back Credit Cards in Hong Kong

Updated December 2019

Earn cash rebate in designated spending categories with cash back credit cards. Learn more now!

Popular Cash Back Credit Cards

Extra HK$300 cash rebate

WeWa UnionPay Card

$0

Min. Annual Salary

0.40%

Cash back on overseas spend

4%

Cash back on local spend

MoneySmart Exclusive: Successfully applied through MoneySmart: Extra HK$300 cash rebate .Valid till 29 Feb 2020.Valid till 29 Feb 2020.
  • Fitbit Versa Lite Smart Watch or JBL FREE X Truly Wireless In-Ear Headphones or HK$500 Cash Rebate or Ocean Park SmartFun Annual Pass (Gold Pass)
MoneySmart Exclusive: Successfully applied through MoneySmart: Extra HK$300 cash rebate .Valid till 29 Feb 2020.Valid till 29 Feb 2020.

Cash Back Features

  • Basic Cash Rebate: Every HK$250 spending rebates HK$1
  • Earn HK$10 Cash Rebate for every HK$250 spending at specific categories (“Travel”, Cinema”, “Karaoke” and “Theme Park”) all year round
  • WeWa Credit Card brings you a brand-new  “Spot N Win” lucky draw where you can win fabulous prizes after (Weward) OR before (Preward) using your WeWa credit card. From 2 September 2019 to 29 February 2020, you are guaranteed to win a prize, such as 100% off on a single transaction with the “Spot N Win” lucky draw through the OmyCard App, and will also automatically gain an entry of our Grand Lucky Draw and may win HK$50,000 Club Med Cash Voucher for Travel! (Trade Promotion Competition Licence Number: 52551-6)

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 Days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay

HK$300 Voucher!

Citi Rewards Visa Card

$150,000

Min. Annual Salary

0.4%

Cash back on overseas spend

3.2%

Cash back on local spend

MoneySmart Exclusive: HK$300 Voucher!Valid till 31 Dec 2019.
  • Welcome offer up to HK$800 supermarket cash coupon or HK$700 Sogo Gift Certificate or Afternoon tea set for two persons at Mandarin Oriental
MoneySmart Exclusive: HK$300 Voucher!Valid till 31 Dec 2019.

Cash Back Features

  • Enjoy 5X rewards points all year round (HK$3 = 1 mile) and 8X rewards points during your birthday month (HK$1.875 = 1 mile) at selected merchants, including autopay of telecommunication bill payments:
  • Supermarket: Wellcome, Park'n Shop, AEON, HKTVmall & city' super
  • Department Stores: AEON, Wing On, SOGO, Lane Crawford & FACES
  • Telecom Providers: csl., Smartone, 3, SUN Mobile &HKT
  • Points that never expire, redeem designated cash coupons (McDonald's, Pizza Hut, Starbucks & IKEA), movie tickets (MCL Cinema) & air miles at Citi ThankYou Rewards online or instantly offset spending anytime with Citi Pay with Points
  • 250 Points = Instantly offset HK$1 spending

Annual Interest Rate and Fees

Annual Interest Rate35.52%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment1.5% of monthly balance + fees
Interest Free PeriodUp to 58 days

Minimum Income Requirements

Local ResidentHK$60,000
ForeignerHK$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave

Extra HK$300 cash rebate

EarnMORE UnionPay Card

HK$0

Min. Annual Salary

2%

Cash back on overseas spend

2%

Cash back on local spend

MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.
  • Welcome Offer: HK$670 cash rebate (included the extra up to 2% cash rebate) or OTO Qseat or HK$600 Häagen-Dazs™ Gift Voucher
MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.

Cash Back Features

    • Up to 2% Cash Rebate for all categories eligible purchase
    • Automatic Add Value Service in Octopus Card also have up to 2% cashback
    • HK$670 Cash Rebate (included the extra up to 2% cash rebate)
    • Extra HK$300 cash rebate for successful application through MoneySmart

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay
Hang Seng MPOWER CARD

$150,000

Min. Annual Salary

4.4%

Cash back on overseas spend

4.4%

Cash back on local spend

Cash Back Features

  • 4.4% Cash Dollars rebate in moblie payment spending transaction (Local Dining, Fashion and Entertainment)
  • 4.4% Cash Dollars rebate in designated online shopping transaction. 2.4% Cash Dollars rebate in other online shopping transaction
  • 4.4% Cash Dollars rebate in overseas transaction

Annual Interest Rate and Fees

Annual Interest Rate34.97%
Principle Annual FeeHK$0
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentN/A
Interest Free PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$15,000
ForeignerHK$15,000

Other

Card AssociationMasterCard
Wireless PaymentN/A
Dah Sing ONE+ Credit Card

$150,000

Min. Annual Salary

1%

Cash back on overseas spend

1%

Cash back on local spend

Cash Back Features

  • Unlimited 1% cash rebate on local and overseas spending
  • 1% cash rebate on Octopus reload amount
  • Up to 50% off on designated vouchers and travel products at KKday
  • 12% off hotel booking at �Expedia
  • Up to 35% premium discount on "JourneySure" Travel Insurance Plan, extra 5% premium cash rebate via online enrollment and HK$50 supermarket coupon for discounted premium of HK$300 or above under the same policy

Annual Interest Rate and Fees

Annual Interest Rate35.70%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverFirst 2-year
Minimum Monthly Repayment(i) If the Monthly Statement Balance is HK$/RMB200 or above, the minimum payment will be the total amount of bank service fees and financial charges plus 1% of total outstanding balance of transactions or HK$/RMB200 (whichever is higher); or (ii) if the Monthly Statement Balance is less than HK$/RMB200, the minimum payment will be the Monthly Statement Balance
Interest Free PeriodUp to 60 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$0

Other

Card AssociationMastercard
Wireless PaymentMastercard PayPass
DBS COMPASS VISA

HK$100,000

Min. Annual Salary

0.4%

Cash back on overseas spend

1%

Cash back on local spend

Cash Back Features

  • Enjoy Flexi Shopping 6/12-month interest-free instalment
  • ParknShop and Watsons 8% discount promotion on designated day
  • Earn up to 1% COMPASS Dollar Rebate
  • 8% Instant Discount - over 6 major consumer spending categories and 4 of Hong Kong’s top retailers
  • Extra HK$200 cash rebate for successful application via MoneySmart

Annual Interest Rate and Fees

Annual Interest Rate35.70%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentN.A
Interest Free Period1% of monthly balance + fees

Minimum Income Requirements

Local ResidentHK$100,000
ForeignerHK$100,000

Other

Card AssociationVisa
Wireless PaymentVisa Paywave

HK$300Voucher!

Citi PremierMiles Card

$240,000

Min. Annual Salary

0.4%

Cash back on overseas spend

3.2%

Cash back on local spend

MoneySmart Exclusive: HK$300 Voucher!Valid till 31 Dec 2019.
  • 【Double welcome offer】2 sets of Afternoon tea set for two persons at Mandarin Oriental, Hong Kong
MoneySmart Exclusive: HK$300 Voucher!Valid till 31 Dec 2019.

Cash Back Features

  • Redeem designated cash coupons (McDonald's, Pizza Hut, Starbucks & IKEA), movie tickets (MCL Cinema) & air miles
  • 250 Points = Instantly offset HK$1 spending
  • Points that never expire
  • Convert Citi points to MoneyBack points (no fee for converting)
  • 25,000 Citi points = 5,000 MoneyBack points

Annual Interest Rate and Fees

Annual Interest Rate35.52%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment1.5% of monthly balance + fees
Interest Free PeriodUp to 58 days

Minimum Income Requirements

Local ResidentHK$240,000
ForeignerHK$360,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave

HK$200 Voucher!

Citi Octopus Platinum Card

$150,000

Min. Annual Salary

0.5%

Cash back on overseas spend

0.5%

Cash back on local spend

MoneySmart Exclusive: HK$200 Voucher!Valid till 31 Dec 2019.
  • HK$200 Cash Rebate welcome offer
MoneySmart Exclusive: HK$200 Voucher!Valid till 31 Dec 2019.

Cash Back Features

  • 0.5% cash back
  • Enjoy 15% KMB, LWB, CTB and NWFB Bus Fare Rebate
  • Earn Octopus Reward$ when you spend at designated merchants

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment1.5% of statement balance + fees. For more info, view T&C
Interest Free Period58 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$150,000

Other

Card AssociationVisa
Wireless PaymentN/A
Standard Chartered Platinum Credit Card

HK$150,000

Min. Annual Salary

0.4%

Cash back on overseas spend

0.4%

Cash back on local spend

Cash Back Features

To borrow or not to borrow? Borrow only if you can repay.

Annual Interest Rate and Fees

Annual Interest Rate33.41%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentAll 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 PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$0

Other

Card AssociationMastercard / Visa
Wireless PaymentN/A

HK$200 Voucher!

Citi Clear Card

$60,000

Min. Annual Salary

2%

Cash back on overseas spend

0.4%

Cash back on local spend

MoneySmart Exclusive: HK$200 Voucher!Valid till 31 Dec 2019.
  • Welcome offer up to HK$800 supermarket cash coupon or HK$700 Sogo Gift Certificate or Afternoon tea set for two persons at Mandarin Oriental
MoneySmart Exclusive: HK$200 Voucher!Valid till 31 Dec 2019.

Cash Back Features

  • Up to 2% cash rebate on online foreign currency spending
  • 0.4% basic cash rebate for local or foreign currency spending
  • 1.6% additional cash rebate for online foreign currency spending
  • 10% off Citi Studio 4DX movie tickets
  • Buy-1-get-1-free 3D / 2D movie tickets every Friday to Sunday at Cinema City Langham Place and Cinema City Victoria
  • 12% off 3D / 2D / Atmos (if applicable) movie tickets at Cinema City Langham Place, Cinema City Chai Wan, Cinema City JP, Candy Park by Cinema City and Cinema City Victoria
  • 10% off concessions items
  • Priority booking on entertainment shows

Annual Interest Rate and Fees

Annual Interest Rate35.52%
Principle Annual FeeHK$180
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment1.50% of monthly balance + fees
Interest Free PeriodUp to 58 days

Minimum Income Requirements

Local ResidentHK$60,000
ForeignerHK$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave

Extra HK$300 cash rebate

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

HK$0

Min. Annual Salary

2%

Cash back on local spend

N.A.

Miles Conversion (local spend)

MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.
  • Welcome offer: HK$200 Cash Rebate (equivalent to 10% Cash Rebate ) or OTO Qseat or HK$600 Häagen-Dazs™ Gift Voucher
MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.

Cash Back Features

  • Up to 2% Cash Rebate for all categories eligible purchase
  • Automatic Add Value Service in Octopus Card also have up to 2% cashback
  • Get HK$500 cashback as a welcome offer
  • Extra HK$300 cash rebate for successful application through MoneySmart

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay

Extra HK$300 cash rebate

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

$0

Min. Annual Salary

0.40%

Cash back on overseas spend

4%

Cash back on local spend

MoneySmart Exclusive: Successfully applied through MoneySmart: Extra HK$300 cash rebate.Valid till 29 Feb 2020.Valid till 29 Feb 2020.
  • Fitbit Versa Lite Smart Watch or JBL FREE X Truly Wireless In-Ear Headphones or Ocean Park SmartFun Annual Pass (Gold Pass)
MoneySmart Exclusive: Successfully applied through MoneySmart: Extra HK$300 cash rebate.Valid till 29 Feb 2020.Valid till 29 Feb 2020.

Cash Back Features

  • Basic Cash Rebate: Every HK$250 spending rebates HK$1
  • Earn HK$10 Cash Rebate for every HK$250 spending at specific categories (“Travel”, Cinema”, “Karaoke” and “Theme Park”) all year round
  • WeWa Credit Card brings you a brand-new  “Spot N Win” lucky draw where you can win fabulous prizes after (Weward) OR before (Preward) using your WeWa credit card.From 2 September 2019 to 29 February 2020, you are guaranteed to win a prize, such as 100% off on a single transaction with the “Spot N Win” lucky draw through the OmyCard App, and will also automatically gain an entry of our Grand Lucky Draw and may win HK$50,000 Club Med Cash Voucher for Travel! (Trade Promotion Competition Licence Number: 52551-6)

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 Days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay
AEON UnionPay Credit Card

$0

Min. Annual Salary

N.A

Cash back on overseas spend

N.A.

Cash back on local spend

Cash Back Features

  • Members can enjoy 5% credit purchase discount* at AEON on "Thanksgiving Days" (2nd & 20th of every month)
  • Enjoy more savings all year-round with the "AEON Member Price"
  • New customer is entitled to earn 2% cash rebate on the first HK$25,000 spending (maximum HK$500 rebate) the first 60 days after the card approval and issuance.
  • From today to 10 September, 2019, AEON card members can enjoy exclusive 1.5% cash advance handling charge rebate when applying AEON cash advance via other ATM networks (applicable to HSBC / Hang Seng ATM network and JETCO ATM network, Hong Kong local only).

Annual Interest Rate and Fees

Annual Interest Rate31.59%
Principle Annual FeeHK$0
Supplementary Annual FeeN/A
Fee WaiverPermanent Annual Fee Waiver
Minimum Monthly Repayment4% of credit purchase balance and cash advance balance or HK$100 each, whichever is higher ; 80% of credit purchase balance
Interest Free Period

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionPay
Wireless PaymentN/A
Hang Seng enJoy Card

$150,000

Min. Annual Salary

1.5%

Cash back on overseas spend

1%

Cash back on local spend

Cash Back Features

  • 1% enJoy Dollars rebate (HK$200 = $2 enJoy Dollars) at designated merchants (e.g. IKEA, 7-Eleven)
  • 0.5% Cash Dollars rebate (HK$200 = $1 Cash Dollar) at non-designated merchants
  • Up to 2.4% Cash Dollars rebate for eligible online shopping or overseas spending
  • Accumulated enJoy Dollars and Cash Dollars can be used as cash for next purchase at designated merchants
  • Designated merchants exclusive year-round discount offers

Annual Interest Rate and Fees

Annual Interest Rate34.97%
Principle Annual FeeHK$0
Supplementary Annual FeeN/A
Fee WaiverN/A
Minimum Monthly RepaymentThe Minimum Payment Amount is HK$230 / CNY230 (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 PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$0

Other

Card AssociationVisa
Wireless PaymentVisa payWave
HSBC Visa Signature Card

HK$360,000

Min. Annual Salary

5.6%

Cash back on overseas spend

3.6%

Cash back on local spend

Cash Back Features

  • Earn up to 5.6% RewardCash rebate by registering for “Red Hot Rewards of Your Choice” and “Red Hot Online & Overseas Spending Rewards”

Annual Interest Rate and Fees

Annual Interest Rate37.75%
Principle Annual FeeHK$2,000
Supplementary Annual FeeHK$1,000
Fee WaiverYes
Minimum Monthly RepaymentTotal fees and charges currently billed to the card statement plus 1% of the statement balance (excluding any fees and charges currently billed) as at the statement date (minimum HK$50), plus overdue or overlimit due whichever is higher.
Interest Free Period56days

Minimum Income Requirements

Local ResidentHK$360,000
ForeignerHK$360,000

Other

Card AssociationVisa
Wireless PaymentN.A.

























To borrow or not to borrow? Borrow only if you can repay!
Show more cards

Octopus Rewards From Credit Cards

Cashback

Link up Octopus AAVS with a designated credit card such as EarnMORE UnionPay Card, Standard Chartered Simply Cash Visa Card and Citi Cash Back Visa Card to earn cash rebate. Please note that the reload amount varies from HK$150, HK$250 to HK$500. AAVS can only be reloaded once a day and the maximum rewards cardholders can earn varies.

Air Miles

Link up Octopus AAVS with a designated credit card such as Standard Chartered Asia Miles Mastercard, Citi Prestige Card, Dah Sing British Airways Platinum Card to earn air miles. Please note that the reload amount varies from HK$150, HK$250 to HK$500. AAVS can only be reloaded once a day and the maximum rewards cardholders can earn varies.

Popular Cash Back Credit Cards

Citi Cash Back Credit Card

  • Enjoy limitless cash rebate with no minimum spending requirements
  • 2% rebate on global dining and hotel spending
  • 2% cash rebate on online or overseas transactions 
  • 1% cash rebate on other local spending including e-wallet transaction (PayMe, WhChat Pay, AliPay, Octopus)
  • Enjoy all Visa Signature Privileges
  • Annual fee waiver

American Express Cash Back Blue Card

  • Enjoy 1.2% Cashback on daily purchases, in both local or foreign currency
  • Unlimited cash rebate with no minimum spending requirements
  • Cash back is credited to the cardholder's account automatically 
  • Annual salary requirement is relatively low (HK$150,000)
  • Online fraud protection guarantee and 45 days cover

Standard Chartered Manhattan Credit Card

  • Enjoy 0.5 % Cashback on the local and foreign retail purchase, including Octopus Automatic Add-Value transactions
  • Unlimited cash rebate with no minimum spending
  • Up to 12% discount on hotel bookings at Hotels.com
  • 10% discount on regular-priced tickets at the cinema box office

Standard Chartered Simply Cash Credit Card Rewards

Unlimited Cash Rebate

Earn up to 1.5% unlimited cashback on local currency spending and 2% cashback on foreign currencies spending with no minimum spending requirement.

Payme

Top up PayMe e-wallet to earn up to 1.5% rebate, capped at HK$75 monthly and HK$900 annually.

Welcome Offer

New customers can enjoy 100% CashBack on any eligible transactions within the first 2 months upon the card issuance, capped at HK$1,000. Apply via MoneySmart to enjoy an exclusive HK$250 voucher.

Citibank Cash Back Visa Card Rewards

Enjoy unlimited cash rebate with no minimum spending throughout the year. Earn 2% on local spend and spending in foreign currency. Also eligible for 1% rebate on e-wallet transaction (PayMe, WeChat Pay, AliPay, Octopus Card). Cardholders can also enjoy all Visa Signature Privileges.

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 you 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 are 3 tips for you:

Tip 1

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.

Tip 2

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.

Tip 3

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.

Hang Seng enJoy Dollars V.S. Merchant Dollars

With Hang Seng credit cards, cardholders can earn Cash Dollars for every spending, which can be used to offset spending at over 7,600 designated merchant outlets in Hong Kong. At designated merchants such as Sa Sa, Mirabell, etc., cardholders can even earn Merchant Dollars on top of Cash Dollars for every spending. Please be reminded that Merchant Dollars can only be used at the same designated merchants as instant cash.

Cash Rebate vs Cash Back

Cash Back

Some cards offer cardholders cashback for their spending. The cashback earned will be automatically used to offset spending in the cardholders’ next month bill. For example, American Express Cash Back Blue Card offers 1.2% Cashback on daily purchases, which will be credited to the cardholder's account automatically to offset spending.

Cash Rebate

Some cards offer cardholders cash rebate for their spending, which will be stored in the credit card account until cardholders decide to redeem it to offset further purchases. For example, Hang Seng enJoy Card offers cash rebate in the form of enJoy Dollars. Cardholders can tell the merchant to use the enJoy Dollars earned to offset purchases.

What credit card gives the most cash back?

What credit card gives the most cash back?

In general, most credit cards around 0.4% to 1% rebate, which is HK$0.4 to HK$1 cash back. Some credit cards may focus on certain spending categories, such as entertainment, spending in foreign currency, and dining etc., offering up to 4 to 5% cashback. For example, WeWa Union Pay Card offers up to 4% Cash Rebate for spending in specific categories (“Travel”, “Cinema”, “Karaoke” and “Theme Park”) throughout the year.

How do cashback credit cards work?

Cashback credit cards give you a cash rebate for eligible spending. Card issuers can afford to give cardholders cash back because of the interchange fees that merchants pay 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.

What does it mean to get cash back on a 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. Cash Dollars can be used as coupons or cash at selected merchants.

Are cashback cards worth it?

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

What is the best cashback credit card with no annual fee?

Before getting a cashback credit card, sort out your spending habits and frequent spending categories. For people who frequently shopping on enJoy card designated merchant, Hang Seng enJoy Card can be a good option. If you prefer cash back, you can consider BOC Dual Currency Card/ China Construction Bank (Asia) eye Credit Card.