Best Cash Back Credit Cards in Hong Kong 2020

Annual Interest Rate	33.41%
Principle Annual Fee	HK$2,000
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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
Foreigner	HK$0

Card Association	Visa
Wireless Payment	Visa PayWave

Annual Interest Rate	35.52%
Principle Annual 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

Card Association	Visa
Wireless Payment	Visa payWave

Annual Interest Rate	35.52%
Principle Annual 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

Annual Interest Rate

35.52%

Principle Annual 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$60,000
Foreigner	HK$60,000

Local Resident

HK$60,000

Foreigner

HK$60,000

Card Association	Visa
Wireless Payment	Visa payWave

Card Association

Visa

Wireless Payment

Visa payWave

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	37.67%
Principle Annual 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
Foreigner	HK$0

Card Association	American Express
Wireless Payment	Amex Pay

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	37.67%
Principle Annual Fee	HK$980
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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

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

Card Association	American Express
Wireless Payment	Amex Pay

Annual Interest Rate	34.97%
Principle Annual Fee	HK$0
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	N/A
Interest Free Period	Up to 56 days

Annual Interest Rate

34.97%

Principle Annual Fee

HK$0

Supplementary Annual Fee

N/A

Fee Waiver

Yes

Minimum Monthly Repayment

N/A

Interest Free Period

Up to 56 days

Local Resident	HK$15,000
Foreigner	HK$15,000

Local Resident

HK$15,000

Foreigner

HK$15,000

Card Association	MasterCard
Wireless Payment	N/A

Card Association

MasterCard

Wireless Payment

N/A

Annual Interest Rate	37.67%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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
Interest Free Period

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

Card Association	American Express
Wireless Payment	Amex Pay

Annual Interest Rate	35.70%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	First 2-year
Minimum Monthly Repayment	(i) If the Monthly Statement Balance is HK$/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 Period	Up to 60 days

Annual Interest Rate

35.70%

Principle Annual Fee

HK$1,800

Supplementary Annual Fee

N/A

Fee Waiver

First 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 Period

Up to 60 days

Local Resident	HK$150,000
Foreigner	HK$0

Local Resident

HK$150,000

Foreigner

HK$0

Card Association	Mastercard
Wireless Payment	Mastercard PayPass

Card Association

Mastercard

Wireless Payment

Mastercard PayPass

Annual Interest Rate	35.70%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	N.A
Interest Free Period	1% of monthly balance + fees

Annual Interest Rate

35.70%

Principle Annual Fee

HK$1,800

Supplementary Annual Fee

N/A

Fee Waiver

Yes

Minimum Monthly Repayment

N.A

Interest Free Period

1% of monthly balance + fees

Local Resident	HK$100,000
Foreigner	HK$100,000

Local Resident

HK$100,000

Foreigner

HK$100,000

Card Association	Visa
Wireless Payment	Visa Paywave

Card Association

Visa

Wireless Payment

Visa Paywave

Annual Interest Rate	35.52%
Principle Annual 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$360,000

Card Association	Visa
Wireless Payment	Visa payWave

Annual Interest Rate	37.67%
Principle Annual Fee	HK$980
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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
Interest Free Period

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

Card Association	American Express
Wireless Payment	Amex Pay

Annual Interest Rate	N/A
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.5% of statement balance + fees. For more info, view T&C
Interest Free Period	58 days

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

Card Association	Visa
Wireless Payment	N/A

Annual Interest Rate	33.41%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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

Annual Interest Rate

33.41%

Principle Annual Fee

HK$1,800

Supplementary Annual Fee

N/A

Fee Waiver

Yes

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$150,000
Foreigner	HK$0

Local Resident

HK$150,000

Foreigner

HK$0

Card Association	Mastercard / Visa
Wireless Payment	N/A

Card Association

Mastercard / Visa

Wireless Payment

N/A

Annual Interest Rate	35.52%
Principle Annual Fee	HK$180
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.50% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$60,000
Foreigner	HK$60,000

Card Association	Visa
Wireless Payment	Visa payWave

Annual Interest Rate	37.67%
Principle Annual Fee	HK$980
Supplementary Annual Fee	N/A
Fee Waiver	Yes
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

Annual Interest Rate

37.67%

Principle Annual Fee

HK$980

Supplementary Annual Fee

N/A

Fee Waiver

Yes

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

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

Local Resident

HK$150,000

Foreigner

HK$150,000

Card Association

American Express

Wireless Payment

Amex Pay

Best Cashback Credit Cards in Hong Kong 2019

Credit Card	Best For	Cashback for Local Spend
Standard Chartered Simply Cash Visa Card	Cashback seekers	1.5%
American Express Platinum Credit Card	Cash rebate seekers on dining	2%
American Express Platinum Credit Card	Cash rebate seekers on fine dining and travelling	1％
Hang Seng enJoy Card	People who frequently shop on enJoy card designated merchant	1%
WeWa UnionPay Card	Cash rebate seekers on lifestyle usage	4%

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?

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.

Best Cash Back Credit Cards in Hong Kong

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Category

Provider

Best Cash Back Credit Cards

Standard Chartered Simply Cash Visa Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi Cash Back Visa Card

Other Promotions

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi Rewards Visa Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Popular Cash Back Credit Cards

WeWa UnionPay Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

American Express® Platinum Credit Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

EarnMORE UnionPay Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Blue Cash℠ Credit Card from American Express

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Hang Seng MPOWER CARD

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

American Express Cathay Pacific Elite Credit Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Dah Sing ONE+ Credit Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

DBS COMPASS VISA

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi PremierMiles Card

Other Promotions

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

American Express Cathay Pacific Credit Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi Octopus Platinum Card

Cash Back Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Standard Chartered Platinum Credit Card

Cash Back Features