Best MasterCard in Hong Kong 2024

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 or Asia Miles

MoneySmart Exclusive
MoneySmart Exclusive

Citi Prestige Card

Minimum Income Requirements
HK$600,000
Miles Conversion (local spend)
HK$6 = 1 Mile
Miles Conversion (overseas spend)
HK$4 = 1 Mile
【MoneySmart Exclusive!】From now until 30 June, upon successful application of designated Citi Credit Cards via MoneySmart and eligible spending of HK$8,000 after card issuance, new customers can enjoy $1,600 cash rebate!
Valid until 30 Jun 2024

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.

MoneySmart Exclusive
Redeem various mileage points without any fee
MoneySmart Exclusive
Redeem various mileage points without any fee

DBS Black World Mastercard

Welcome Offer
Up to 42,000 miles
Upon meeting local and overseas spending goal*
HK$3/mile
Miles Conversion (overseas spend)
HK$4/mile

【🆙 Elevated Reward! Earn up to HK$1,699 Rewards🔊
From now until 30 June 2024, customers who successfully apply for DBS Blackworld Mastercard via MoneySmart, can enjoy Jollying Pebble Foldable Slim Suitcase 20" (Retail value: HK$899) / JBL Link 20 Voice-activated portable speaker (Retail value: HK$1,699)HK$500 Apple Store Gift Card / HK$500 PARKnSHOP Supermarket Voucher! You can also earn the bank welcome offer of up to 42,000 miles at the same time!



【Referral Bliss: Treats for You and Your Loved Ones - Earn Extra HK$100 for Every Referral! 】
Unlock extra rewards by referring your friends and family to our fantastic credit card deals! Not only will they enjoy the good deals, but you'll also be rewarded with an upgraded referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 30 Jun 2024

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.