Best Credit Cards for Expats and Foreigners in Hong Kong 2020

With selected credit cards, you can enjoy rewards for local and overseas spending. We have put together a list of selected credit cards. Choose the ones that match your spending pattern the most.

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For Cashback

Standard Chartered Simply Cash Visa Card

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

Standard Chartered Simply Cash Visa Card offers unlimited 1.5% rebate for local spending and 2% rebate for foreign currency spending.

Welcome offers: Enjoy 100% CashBack on any eligible transactions within the first 2 months upon the card issuance (capped at HK$1,000 CashBack).

Apply Now

Citi Cash Back Card

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

Citi Cash Back Visa Card offers 2% rebate, capped at HK$50 monthly and HK$600 yearly.

Welcome offers: Offers up to HK$1,000 cash back plus exclusive HK$200 voucher for successful application via MoneySmart.

Apply Now

For Air Miles

DBS Black World Mastercard

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

MoneySmart Exclusive: Welcome offer up to 50,000 miles Valid till 31 Dec 2020.

DBS Black World Mastercard offers HK$6 = 1 mile, capped at 833 monthly and 9,996 yearly.

Welcome offers: Offers up to 120,000 miles plus exclusive HK$200 supermarket voucher for successful application via MoneySmart.

Apply Now

Standard Chartered Asia Miles Mastercard

HK$250 Supermarket Vouchers
  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

Standard Chartered Asia Miles Mastercard offers HK$4 = 1 mile, capped at 833 monthly and 9,996 yearly.

Apply Now

Citi Prestige Card

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

  • Welcome offer 20,000 miles (240,000 points) + Complimentary 4th night at any hotel + Complimentary global airport lounge access!

Citi Prestige Card offers HK$6 = 1 mile, capped at 833 monthly and 9,996 yearly.

Apply Now

For Grocery Shopping

Hang Seng enJoy Card

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

Hang Seng enJoy Card offers 1% enJoy Dollars rebate (HK$200 = HK$2 enJoy Dollars) at participating merchants (e.g. Wellcome, Market Place by Jasons, 3hreesixty, etc.) and 5% off selected items at 7-Eleven on the 8th and 18th each month.

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DBS COMPASS VISA

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

MoneySmart Exclusive: HK$200 HKTV Mall Voucher! Valid till 09 Apr 2020.
  • Welcome gift: HK$400 PARKnSHOP “InstaRedeem” Amount/ HK$300 any merchant “InstaRedeem” Amount/Le Maurice® ALUMETAL 26” Suitcase/ Dyson Supersonic™ hairdryer HD01 Pink at the discounted price HK$2,700/ 6 MCL movie ticket vouchers Valid till 30 April 2021.

DBS Compass Visa offers 8% off at PARKnSHOP on the 2nd, 12th and 22nd day of every month for every HK$100+ single purchase.

Welcome offers: HK$400 PARKnSHOP “InstaRedeem” Amount.

Apply Now

Citi Rewards MasterCard

HK$150 Voucher
  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

MoneySmart Exclusive: $1600 Wellcome Coupons for qualified retail spending over HK$10,000 within the first 60 days of card issuance. Valid till 15 Apr 2020.

Citi Rewards Card offers 5X Points all year round and 8X Points during your birthday month on spending at supermarkets throughout the year.

Welcome offers: 135,000 Points (Redeemable for HK$600 Wellcome coupon). Apply now through MoneySmart to get exclusive HK$200 voucher.

Apply Now

Things you need to know about credit card application

Things you need to know about credit card application

Documents Required

To apply for credit cards, applicants are required to submit supporting documents which include identity proof (e.g. HKID card), income proof (e.g. payslips/ bank statements) and address proof (e.g. utility bills). If you do not hold an HKID card and have not started working, you can submit your passport with your working visa and employment contract instead.

Processing Time

If you have filled out the application form correctly and submit all the necessary documents, it usually takes less than 2 weeks for approval.

Credit Card Fees

Besides annual fee, please note that there are other credit card fees including late charges, overseas transactions handling fee, over-limit handling fee and returned cheque & rejected autopay charges, etc.

Credit Cards for Expats and Foreigners Frequently Asked Questions

  • Which credit card is the best in Hong Kong?

    There is no quick answer to this question. To get smart about your money, it is best to choose a credit card that matches your spending pattern to maximise the rewards for your spending. If you travel a lot, it is money-saving to apply for credit cards that offer miles. If you do grocery shopping a lot, apply for credit cards that offer discounts at supermarkets saves you money.

  • Can foreigners apply for credit cards in Hong Kong?

    Non-permanent residents can submit credit card application online together with supporting documents which include identity proof (e.g passport), income/ employment proof and address proof for approval.

  • Can cardholders apply for an annual fee waiver?

    To avoid paying an annual fee, cardholders are generally required to meet minimum spending requirements. It is best to check before applying to see if it fits your spending pattern. Alternatively, cardholders can call the customer service hotline and try to have it waived.

  • How to cancel my credit card?

    You can call the customer service hotline of the card issuer to request card cancellation. Please note that if the principal card is cancelled, all supplementary card and internet account will also be cancelled.