Best MasterCard in Hong Kong 2021

There is a wide range of MasterCards that are available in the market. We have put together a list of selected MasterCards for you to compare the varying rewards different cards bring. Find out which credit cards match your spending patterns the most.

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Cash Rebate

Air Miles

Cash rebate or Asia Miles

Min. Annual Salary
HK$600,000
Miles Conversion (local spend)
HK$6 = 1 Mile
Miles Conversion (overseas spend)
HK$4 = 1 Mile

Extra HK$300 voucher apply via MoneySmart!

Valid until 31 Dec 2021

Enjoy 0.8% cash rebate (HK$6= 1 mile) for local and online spending. 1.2% rebate (HK$4= 1 mile) for overseas spending. Points can be converted to Asia Miles, Avios miles and KrisFlyer miles. Points earned will never expire. Enjoy access to 1000+ LoungeKey airport lounges in over 500 airports worldwide.

Welcome offers: Pay HK$3,800 annual fee to enjoy 240,000 points.

Min. Annual Salary
HK$240,000
Miles Conversion (local spend)
HK$6 = 1 Mile
Miles Conversion (overseas spend)
HK$4 = 1 mile

Limited Time Offer! Apply DBS Credit Card now to get HK$600 Apple Gift Card or Market Place Vouchers 

Valid until 31 Oct 2021

Enjoy 0.8% rebate (HK$6=1 mile) for local and online transactions as well as WeChat Pay, AliPay and PayMe transactions. HK$4=1 mile for every HK$250 overseas transactions. Enjoy HK$250 = DBS$1(HK$12 = 1 mile) for every HK$250 Octopus AAVS. No expiry date for points earned. Enjoy first-year annual fee waiver and handling fee waiver for mileage conversion.

Welcome offers: Apply before 30 June 2019 and reach minimum spending requirements after two months of card issuance to enjoy 120,000 miles. Extra HK$200 cash voucher for successful application via MoneySmart.

MasterCard Frequently Asked Questions

What factors should be taken into account when applying for credit cards?

Welcome offers can be attractive. But this should not be the only reason to apply for the Card. Applicants are required to meet the minimum spending requirements within a specific time frame in order to be eligible. Therefore, it is worth checking the minimum spending requirements to see if it is achievable. Welcome gifts aside, it is important to choose a credit card that suits your spending pattern to maximise the rewards for your spending. If you are a frequent traveller, it is best to choose credit cards for miles. If you shop at supermarkets often, your money can go a long way if you choose a credit card that offers bonus points for spending in grocery stores.

Are existing customers eligible for welcome offers?

It varies among different card issuers. For example,

  • Hang Seng MPOWER Card: Holders of other Hang Seng credit cards (except for MPOWER holders) can enjoy welcome offers upon successful application for MPOWER card
  • Citibank and DBS: Welcome offers are only applicable to new customers who have not held any credit cards issued by the Bank in the past 12 months
  • BEA: Welcome offers only apply to new customers who have not held any credit cards issued by the Bank in the last 6 months

How to earn miles for spending?

Cardholders can earn points for eligible transactions, which can be redeemed for miles. For example, with DBS Black World MasterCard, cardholders can earn DBS$ for eligible spending (DBS$48 = 1000 miles). What’s more, some credit cards such as DBS Black World MasterCard, Standard Chartered Asia Miles MasterCard and BEA Flyer World MasterCard offer free miles as welcome offers.

How to earn cash rebate for spending?

Cardholders can earn cash rebate for eligible transactions. Please note that some banks offer unlimited cash rebate while the others cap the amount of cash rebate cardholders can get. Some banks automatically credit cash rebate directly to cardholders’ account to offset spending while the others require cardholders to convert points earned to cash rebate. It is worth checking the details before applying.