Best Student Credit Cards Hong Kong

Updated December 2019

University students - tired of topping up your debit card? Not to worry, banks also offer student promotions for credit cards from payment networks such as Samsung Pay, Mastercard, and Visa.

Popular Student Credit Cards

Extra HK$300 cash rebate

EarnMORE UnionPay Card (applicable to designated Full-time University /Tertiary Students)

HK$0

Min. Annual Salary

2%

Cash back on local spend

N.A.

Miles Conversion (local spend)

MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.
  • Welcome offer: HK$200 Cash Rebate (equivalent to 10% Cash Rebate ) or OTO Qseat or HK$600 Häagen-Dazs™ Gift Voucher
MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.

Student Features

  • First 5 year annual fee waiver for Student
  • Available for full time degree/ diploma student
  • No income proof needed
  • An exclusive HK$200 cash rebate for full time degree/ diploma student

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay
Hang Seng MPOWER CARD

$0

Min. Annual Salary

4.4%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Student Features

This card is also available for students studying in accredited universities in Hong Kong:

  • The Education University of Hong Kong (former name is Hong Kong Institute of Education), Chu Hai College of Higher Education, Vocational Training Council, Hong Kong Institute of Vocational Education, The Hang Seng University of Hong Kong (former name is Hang Seng Management College), Hong Kong Academy for Performing Arts, Caritas Institute of Higher Education, Caritas Bianchi College of Careers, Hong Kong Institute of Technology, Hong Kong College of Technology, Savannah College of Art and Design Hong Kong, Centennial College or Yew Chung College of Early Childhood Education
  • Any students from overseas universities cannot apply for this card

Annual Interest Rate and Fees

Annual Interest Rate34.97%
Principle Annual FeeHK$0
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentN/A
Interest Free PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$15,000
ForeignerHK$15,000

Other

Card AssociationMasterCard
Wireless PaymentN/A

Extra HK$300 cash rebate

EarnMORE UnionPay Card

HK$0

Min. Annual Salary

2%

Cash back on local spend

N.A.

Miles Conversion (local spend)

MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.
  • Welcome Offer: HK$670 cash rebate (included the extra up to 2% cash rebate) or OTO Qseat or HK$600 Häagen-Dazs™ Gift Voucher
MoneySmart Exclusive: Successful application through MoneySmart Extra HK$300 cash rebateValid till 31 Dec 2019.

Student Features

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay

HK$250 Voucher!

Standard Chartered Simply Cash Visa Card

HK$96,000

Min. Annual Salary

2%

Cash back on local spend

N.A.

Miles Conversion (local spend)

MoneySmart Exclusive: HK$250 Supermarket VouchersValid till 31 Dec 2019.
  • Welcome offer up to HK$1,100 CashBack
MoneySmart Exclusive: HK$250 Supermarket VouchersValid till 31 Dec 2019.

Student Features

  • Annual income of HKD96,000 or above

Annual Interest Rate and Fees

Annual Interest Rate33.41%
Principle Annual FeeHK$2,000
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentAll 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 PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$96,000
ForeignerHK$0

Other

Card AssociationVisa
Wireless PaymentVisa PayWave

HK$250 Voucher!

Standard Chartered Asia Miles Mastercard

HK$96,000

Min. Annual Salary

N.A.

Cash back on local spend

HK$4 = 1 Mile

Miles Conversion (local spend)

MoneySmart Exclusive: HK$250 Supermarket VouchersValid till 31 Dec 2019.
  • Welcome offer up to 40,000 Asia Miles (As low as HK$0.2 = 1 Asia Mile)
MoneySmart Exclusive: HK$250 Supermarket VouchersValid till 31 Dec 2019.

Student Features

  • Annual income of HKD96,000 or above

Annual Interest Rate and Fees

Annual Interest Rate33.41%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentAll 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 PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$96,000
ForeignerHK$0

Other

Card AssociationMastercard
Wireless PaymentMastercard contactless
DBS COMPASS VISA

0

Min. Annual Salary

3%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Student Features

  • Applicable to tertiary student
  • No income proof needed
  • Enjoy the same privilieges as normal card does

Annual Interest Rate and Fees

Annual Interest Rate35.70%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentN.A
Interest Free Period1% of monthly balance + fees

Minimum Income Requirements

Local ResidentHK$100,000
ForeignerHK$100,000

Other

Card AssociationVisa
Wireless PaymentVisa Paywave

Extra HK$300 cash rebate

WeWa UnionPay Card

$0

Min. Annual Salary

4%

Cash back on local spend

N.A.

Miles Conversion (local spend)

MoneySmart Exclusive: Successfully applied through MoneySmart: Extra HK$300 cash rebate .Valid till 29 Feb 2020.Valid till 29 Feb 2020.
  • Fitbit Versa Lite Smart Watch or JBL FREE X Truly Wireless In-Ear Headphones or HK$500 Cash Rebate or Ocean Park SmartFun Annual Pass (Gold Pass)
MoneySmart Exclusive: Successfully applied through MoneySmart: Extra HK$300 cash rebate .Valid till 29 Feb 2020.Valid till 29 Feb 2020.

Student Features

  • First 5 year annual fee waiver for Student

Annual Interest Rate and Fees

Annual Interest RateN/A
Principle Annual FeeHK$800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentHK$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 Period53 Days

Minimum Income Requirements

Local ResidentHK$0
ForeignerHK$0

Other

Card AssociationUnionpay
Wireless PaymentUnionPay QuickPass, Apple Pay
Hang Seng enJoy Card

$0

Min. Annual Salary

1%

Cash back on local spend

N.A.

Miles Conversion (local spend)

Student Features

  • 5% off at 7-Eleven for select items on the 8th and 18th of every month
  • 10% off takeaway a la carte menu item at Pizza Hut (excludes orders on public holidays)
  • Free Starbucks upgrade offer on one tall drink when enJoy card is used to load a balance of HK$100 or more to a registered Starbucks card
  • 1% enJoy Dollars rebate (HK$200 = $2 enJoy Dollars) at designated merchants such as 7-Eleven, Mannings, and KFC

Annual Interest Rate and Fees

Annual Interest Rate34.97%
Principle Annual FeeHK$0
Supplementary Annual FeeN/A
Fee WaiverN/A
Minimum Monthly RepaymentThe Minimum Payment Amount is HK$230 / CNY230 (subject to card type) or the sum of items (i) to (iv) below (whichever is higher): (i) all fees and charges (including finance charges and annual fees); (ii) any overdue Minimum Payment Amount; (iii) amount exceeding the prescribed credit limit after deducting the amount of items (i) and (ii) from the New Balance; and (iv) 1% of the New Balance after deducting the amount of items (i) to (iii).
Interest Free PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$0

Other

Card AssociationVisa
Wireless PaymentVisa payWave
Bank of Communications Go-Goal Credit Card

HK$150,000

Min. Annual Salary

0.4%

Cash back on local spend

HK$8 = 1 mile

Miles Conversion (local spend)

Student Features

  • Only available for full-time university students
  • Earn points from paying tuition
  • HK$1 = 1 point. Earn up to 20,000 points for paying tuition fee
  • Eligible universities are as below: City University of Hong Kong, Hong Kong Baptist University, Lingnan University, The Chinese University of Hong Kong, The Education University of Hong Kong, The Hong Kong Polytechnic University, The Hong Kong University of Science and Technology, and The University of Hong Kong

Annual Interest Rate and Fees

Annual Interest Rate34.49%
Principle Annual FeeHK$1,000
Supplementary Annual Fee500
Fee WaiverN/A
Minimum Monthly Repayment1% of the statement balance or HK$200 (whichever is higher)
Interest Free Period

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$0

Other

Card AssociationVisa
Wireless PaymentVisa payWave
DBS COMPASS VISA(Student Card)

N.A.

Min. Annual Salary

1%

Cash back on local spend

$10 = 1 Mile

Miles Conversion (local spend)

Student Features

  • Minimum annual salary = N/A
  • Air Miles (Local) = $10 / Mile
  • Cashback (Local) = 1.00%
  • Cashback will be 0.40% if transaction not made at specified merchants
  • Interest free instalments with the usage of DBS Omni

Annual Interest Rate and Fees

Annual Interest Rate35.70%
Principle Annual FeeHK$300
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly RepaymentN/A
Interest Free Period1% of monthly balance + fees

Minimum Income Requirements

Local ResidentHK$1
ForeignerHK$1

Other

Card AssociationVisa
Wireless PaymentN/A
All results loaded

Credit Cards for Students Recommendations 2019

Credit CardBenefitsWelcome Offers
Hang Seng enJoy CardUp to 2.4% Cash Dollars rebate for spending in foreign currencyUp to HK$400 enJoy Dollars + HK$3,500 designated merchant coupons
WeWa Union Pay Card 4% Cash Rebate for transactions within specific categoriesA round-trip ticket from Hong Kong to Japan
Citi Clear CardUp to 2% cash rebate for spending in foreign currency onlineHK$800 Cash Rebate + Buy-1-Get-1-Free movie tickets
DBS COMPASS VISA8% off at PARKnShop and WatsonUp to 8 movie tickets & $400 Cash Dollars
AEON UnionPay Credit Card5% off at AEON on "Thanksgiving Days"Up to HK$500 + 3X Bonus points for overseas spending in Japan

Best Student Credit Cards in Hong Kong

Are you a full-time university or tertiary institution student looking for credit card deals? You are not alone. Students nowadays have all sorts of expenses from tuition fees, exchange programme to social networking. There are many student credit cards that offer student-specific rewards such as cash rebate on tuition fee payment. By applying and holding a student credit card early, you will be able to establish a credit history for yourself.

HSBC Student Credit Card

HSBC offers HSBC Visa Gold Card that is tailor-made for students. It provides a wide range of rewards in your school life from tuition fee payment, dining, entertainment to online and overseas spending. From 1 July 2019 to 2 March 2020, you can enjoy up to 2.4% RewardCash rebate on your tuition fee payment to designated education institutions via the HSC HK Mobile Banking App or Personal Internet Banking, at a maximum rebate amount of 400 RewardCash. In addition to RewardCash rebate on tuition fee payment, you will also enjoy up to 2.4% RewardCash rebate on online and overseas spending by registering for “Red Hot Online and Overseas Spending Rewards” with your HSBC Visa Gold Card. This HSBC student credit card also offers you exclusive discounts and privileges at a wide range of merchants. You can enjoy 15% off regular-priced tickets at CGV Cinemas, up to 30% off on designated dining outlets such as Outback Steakhouse, Mou Mou Club and Gyu-kaku Japanese Yakiniku Restaurant,$30 instant discount at the Eslite bookstore for a single transaction of HK$300 or above and HK$300 spending rebate for transactions made on the Cathay Pacific App via Apple Pay. From now till 2 March, designed full-time Universities/Tertiary Institutions students can enjoy an HK$300-rebate welcome offer upon successful application and spending HK$600 or more in the first 60 days of the card issuance.

Citibank Student Credit Card

Citibank offers Citi Clear Student Card to full-time student of degree/diploma program of a Hong Kong Tertiary Institution. This student credit card provides online shopping and entertainment privileges to students in Hong Kong. You can enjoy a 2% cash rebate on online spending in foreign currency and a 0.4% cash rebate on other spendings. If you are worried about the security of online transactions, Citi Clear Card has a unique feature that sends you SMS alerts whenever your online transaction reaches HK$500. With this Citibank Student Credit Card, you can also have priority bookings on entertainment shows and buy 1-get-1-free movie tickets every Friday to Sunday at Cinema City Langham Place and Cinema City Victoria. Citi Clear Student cardholder can also enjoy one HK$500 Pacific Coffee Gift Card as a graduation gift by successfully updating occupation information with a valid income proof on or before June 21, 2019. If you do not hold any Citibank credit card within the past 12 months, you are eligible for the welcome offer of HK$600 cash rebate upon the successful application of the Citi Clear Student Card. You will even get an extra HK$40 cash rebate for mobile payment.

DBS Student Credit Card

DBS offers DBS Compass Visa to tertiary students with no minimum requirement of annual income. You can enjoy 1% cashback on all local spending and up to 3% cash rebate at Taobao and Tmall when purchasing with this student credit card. DBS Compass Visa cardholder also enjoys a wide range of privileges such as an 8% discount promotion at ParknShop and Watsons, a free baggage upgrade with HK Express and a chance to win the grand prize of up to $8,888 Compass Dollar in the Lucky Draw. Any successful applicants of DBS Compass Visa who applied on or before 30 September 2019 and who achieved the spending requirement during the period can enjoy the exclusive welcome offer. If you achieve the HK4,800 spending requirement within 3 months from the new card issuance date, you are eligible for one of the following welcome gifts

  1. HK$400 ParknShop / Watsons 'InstaRedeem' amount
  2. HK$300 'InstaRedeem' amount of all merchants
  3. Dyson Pure Cool Link Desk DP03 White Sliver at a redemption fee of HK$2,880

If you achieve the HK$6,800 spending requirement within 3 months from the new card issuance date, you are eligible for a welcome gift of LE MAUICE® MARMO BIANCO SUITCASE.

If you achieve the HK$1,800 spending requirement within 3 months from the new card issuance date, you are eligible for a welcome gift 6 MCL movie vouchers.

Student Credit Card Promotions & Offers

No Minimum Income Requirements

Many student credit cards including Hang Seng enJoy Card, WeWa Union Pay Card, Citi Clear Card, DBS COMPASS VISA, AEON UnionPay Credit Card and EarnMORE UnionPay Card do not have minimum income requirement. However, students are required to submit proof of student status.

Perpetual Annual Fee Waiver

ang Seng enJoy Card offers perpetual annual fee waiver while WeWa Union Pay Card and Citi Clear Card offer a 2-year and 1-year annual fee waiver. Cardholders can also request an annual fee waiver if your credit card is actively in use.

Rewards

WeWa Union Pay Card offers up to 4% Cash Rebate for spending in specific categories (“Travel”, “Cinema”, “Karaoke” and “Theme Park”) throughout the year. With EarnMORE UnionPay Card , cardholders can earn up to 2% Cash Rebate for eligible transactions including Octopus AAVS. Citi Clear Card even offers Buy-1-Get-1-Free 3D and 2D movie tickets from every Friday to Sunday.

How to Apply for a Student Credit Card?

  • Most banks require the student credit card applicants to be full-time University or Tertiary Institution students
  • Applicants have to be over the age of 18
  • Most banks do not have a minimum requirement of annual income for student credit cards
  • You will have to provide proper documentation such as identification proof, residential address proof, and a valid Tertiary student identity card

University Student Credit Cards V.S. Student Credit Cards From Finance Institutions

Co-branded credit cards for students are usually designed to provide offers within the campus only. Also, part of the spending will be donated to the related institution for school development. Student credit cards from finance institutions provide a host of everyday benefits. For example, with WeWa Union Pay Card, cardholders can enjoy up to 4% Cash Rebate for spending in specific categories (“Travel”, “Cinema”, “Karaoke” and “Theme Park”).

Movie Ticket Offers of Student Credit Cards

Offer 1

HSBC Credit Cards

Cardholders can enjoy complimentary offer in UA Cinemas. Also eligible for free snacks (2 soft drinks and 1 medium-sized popcorn) for purchasing two movie tickets.

Offer 2

Hang Seng enJoy Card

Students can enjoy ticket handling fee waiver for buying any movie tickets at MLC. Also enjoy discounted tickets, free popcorn throughout the year at MCL Cinemas.

Offer 3

Wewa Card

Enjoy buy-1-get-1 2D/3D regular-priced movie tickets on Fridays and Saturdays in CINEMA CITY.

Student Credit Card Welcome Offers

Credit cards offer an array of welcome offers. Some credit cards offer cash back, which is a simple and direct form of rewards. Citi Clear Card, for example, offers 800 cash rebate. Some offer gifts, vouchers or points. For example, WeWa Union Pay Card offers free air ticket to Japan. Points are very flexible, which can be redeemed for cardholder’s preferred rewards by themselves.

Frequently Asked Questions

Which credit card is best for students?

There is no such thing as the best credit card. Student applicants should pick credit cards with different spending categories to earn the most rewards. For reward point credit cards, points can be redeemed for cash rebates, air miles, coupons, and other gifts, which is more flexible. Air miles credit cards are more suitable for frequent travellers who will make the effort to collect miles. Cashback credit cards are suitable for cardholders who want instant rewards.

How to check if a credit card accepts student applicants?

Most major banks offer student credit cards such as HSBC, Hang Seng, Citi, etc. However, please note that some applications are only open to students from specified institutions.

Can you use a credit card to pay off student loans?

Yes. With designated credit cards, you can even earn air miles or cash rebate for paying school fees. With Hang Seng enJoy Card, you can get HK$1 Cash Dollars for every HK$200, i.e. 0.5% rebate.

What banks offer student credit cards?

There are many banks offering student credit cards. For example, Hang Seng enJoy Card, WeWa Union Pa Card, Citi Clear Card, DBS COMPASS VISA, AEON UnionPay Credit Card, and EarnMORE UnionPay Card.

Can I get a student credit card without a job?

Most student credit cards do not have a minimum income requirement. However, please note that some credit cards are only applicable to students from selected institutions.