Best MasterCard in Hong Kong 2020

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

  • Min. Annual Salary

  • Cash back on Local Spend

  • Miles Conversion (Local Spend)

Enjoy 0.4 % cash rebate for local spending, autopay and Octopus AAVS and 1.2 % for overseas spending. Entitled to 0.4% rebate for the first HK$10,000 monthly online payment. From now until 31 Dec 2019, spend HK$3,000 per month to enjoy 4.4% rebate for transactions via Tao Bao, iTunes and Google Play as well as overseas transactions. No minimum income required for student applicants.

Welcome offers: New Customers who successfully apply for MPOWER Card and spend a total amount of HK$5,000 within 60 days after card issuance are entitled to 8 X MCL Cinemas Movie Tickets/ 365-day KKBOX Premium Membership/ up to HK$400 Cash Dollars.

  • Min. Annual Salary

  • Cash back on Local Spend

  • Miles Conversion (Local Spend)

Sign up for ‘BEA Days’ to enjoy 4.8% rebate for local spending in specific categories and 3.4% i-Dollar rebate for online spending. 0.4% rebate for other transactions. Enjoy 10% off regular-priced movie tickets at UA/ MCL and priority booking for concerts.

Welcome offers: New customers who apply before 31 May 2019 are required to activate the Card within 2 months of issuance through the BEA app and meet spending requirements of HK$6,000 to enjoy HK$500 HKTVmall gift voucher or HK$500 cash rebate.

  • Min. Annual Salary

  • Cash back on Local Spend

  • Miles Conversion (Local Spend)

Earn 1% limitless cashback for local and overseas spending, autopay and Octopus AAVS. No prior registration required. Also entitled to an annual fee waiver for the first two years.

  • Min. Annual Salary

  • Cash back on Local Spend

  • Miles Conversion (Local Spend)

Enjoy 2% limitless cashback on local, overseas and online spending for the first year. 0.55% cash rebate for Octopus AAVS, PayMe, Alipay and Wechat Pay transactions. Also entitled to 0.55% rebate on the first monthly HK$10,000 online payment.

Air Miles

HK$250 Supermarket Vouchers

Standard Chartered Asia Miles Mastercard

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

Enjoy HK$4=1 Asia Mile for dining, online and overseas spending. HK$6= 1 mile for other eligible transactions and Octopus AAV. Enjoy automatic mileage conversion with no additional charge. Enjoy HK$1 = 1 mile on Mondays with participating Asia Miles partner restaurants.

Welcome offers: Apply before 2 July 2019 to enjoy up to 40,000 Asia Miles (earn as low as HK$0.5 = 1 mile on the first HK$7500 spending and HK$4 = 1 mile thereafter plus an extra 1,000 miles for applying online.

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

No minimum transaction amount required. Earn HK$5= 1 Asia Mile for autopay, local and overseas spending. Enjoy handling fee waiver for mileage conversion. Also entitled to 20% off regular-priced movie tickets at UA/ MCL.

Welcome offers: New customers who apply before 31 May 2019 are required to activate the Card within 2 months of issuance through the BEA app and fulfil the spending requirements of HK$9,000 to enjoy 9,000 Asia Miles.

Cash rebate or Asia Miles

  • Min. Annual Salary

  • Cash back on local spend

  • Miles Conversion (local spend)

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

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

  • Cash back on local spend

  • Miles Conversion (local spend)

MoneySmart Exclusive: Welcome offer up to 50,000 miles

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.