Best Overseas Spending Credit Cards

Compare Overseas Spending Credit Cards in Hong Kong to enjoy extra air miles and cashback while spending abroad or online at the overseas website, and avoid foreign transaction fee for overseas spending! Read More
We found 24 Credit Cards for you!
Citibank logo
MoneySmart Exclusive
Free travel insurance and airport lounges access
Min. Annual Salary
HK$240,000
Miles Conversion (overseas spend)
$3 = 1 Mile
Cash back (overseas spend)
N/A
MoneySmart Exclusive: 【Limited Offer! Buy the Big Hit Dyson Electronics】HK$1,500 Sogo coupon, Extra HK$150 voucher apply via MoneySmart! Valid till 16 Jul 2020.
Apply Now
DBS logo
Welcome Offer
Redeem various mileage points without any fee
Min. Annual Salary
HK$240,000
Miles Conversion (overseas spend)
$4 = 1 mile
Cash back (overseas spend)
N/A
Welcome Offer: Get up to 50,000 miles or Rollink Flex 21 Foldable Suitcase + 2,000miles Valid till 31 Jul 2020.
Apply Now
Citibank logo
MoneySmart Exclusive
Earn cashback from digital wallets
Min. Annual Salary
HK$240,000
Miles Conversion (overseas spend)
N.A.
Cash back (overseas spend)
2%
MoneySmart Exclusive: Extra HK$150 voucher apply via MoneySmart! Valid till 31 Dec 2020.
Apply Now
American Express logo
MoneySmart Exclusive
Free Marco Polo Club green tier membership
Min. Annual Salary
HK$0
Miles Conversion (overseas spend)
HK$8 = 1.5 Asia Mile
Cash back (overseas spend)
N/A
MoneySmart Exclusive: HK$500 Cash coupon upon Card Approval Valid till 31 Jul 2020.
Apply Now
PrimeCredit logo
Welcome Offer
Get 4% cash rebate on designated categories
Min. Annual Salary
HK$0
Miles Conversion (overseas spend)
N/A
Cash back (overseas spend)
0.40%
Welcome Offer: Jabra Elite Active 65t Wireless Headphone or USA meresoy Massage Gun or HK$500 Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program Valid till 28 Feb 2021.
Apply Now
Citibank logo
Complimentary 4th night free at any hotel
Min. Annual Salary
HK$600,000
Miles Conversion (overseas spend)
$4 = 1 mile
Cash back (overseas spend)
N/A
Apply Now
American Express logo
MoneySmart Exclusive
Enjoy premium travel offers
Min. Annual Salary
HK$1,000,000
Miles Conversion (overseas spend)
$5 = 1 Mile
Cash back (overseas spend)
N/A
MoneySmart Exclusive: HK$1,500 Cova Gift Card! Valid till 31 Jul 2020.
Apply Now
PrimeCredit logo
Welcome Offer
Buy-1-Get-1-Free UA movie tickets on Friday
Min. Annual Salary
HK$0
Miles Conversion (overseas spend)
N/A
Cash back (overseas spend)
0.40%
Welcome Offer: Jabra Elite Active 65t Wireless Headphone or USA meresoy Massage Gun or HK$500 Cash Rebate Valid till 28 Feb 2021.
Apply Now
Standard Chartered logo
MoneySmart Exclusive
As low as HK$0.2=1 Asia Miles for welcome offer
Min. Annual Salary
HK$96,000
Miles Conversion (overseas spend)
HK$4 = 1 Mile
Cash back (overseas spend)
N/A
MoneySmart Exclusive: HK$300 Supermarket Vouchers Valid till 31 Jul 2020.
Apply Now
Dah Sing Bank logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$5 = 1 mile
Cash back (overseas spend)
N/A
Read More
Dah Sing Bank logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
N/A
Cash back (overseas spend)
0.4%
Read More
China Construction Bank logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$15 = 1 mile
Cash back (overseas spend)
0.4%
Read More
China Construction Bank logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$2.78 = 1 mile
Cash back (overseas spend)
N/A
Read More
China Construction Bank logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$4 = 1 mile
Cash back (overseas spend)
N/A
Read More
Bank of China logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$6 = 1 mile
Cash back (overseas spend)
N/A
Read More
Bank of China logo
Min. Annual Salary
HK$200,000
Miles Conversion (overseas spend)
HK$8 = 1 mile
Cash back (overseas spend)
4%
Read More
Hang Seng Bank logo
Min. Annual Salary
HK$150,000
Cash back on overseas spend
4%
Miles Conversion (oversea spend)
N/A
Read More
Bank of Communications logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$8 = 1 mile
Cash back (overseas spend)
0.4%
Read More
Bank of Communications logo
Min. Annual Salary
HK$150,000
Miles Conversion (overseas spend)
HK$4 = 1 mile
Cash back (overseas spend)
N/A
Read More
Hang Seng Bank logo
Min. Annual Salary
HK$150,000
Cash back on overseas spend
4%
Miles Conversion (oversea spend)
N/A
Read More

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Travel / Overseas Spending Credit Cards in Hong Kong 2020

CREDIT CARDS Travel RewardsMin. Annual Salary
HSBC Visa Signature CardEnjoy up to 9X RewardCashHK$360,000
Citi PremierMiles CardHK$3= 1 mile on foreign transactionHK$240,000
DBS Black World MastercardHK$4= 1 mile on foreign transactionHK$240,000
WeWa UnionPay Card4% cashback HK$0
Standard Chartered Asia Miles MastercardHK$4= 1 mile on foreign transactionHK$96,000
American Express Cathay Pacifit Credit CardHK$8= 1.5 miles on foreign transactionHK$150,000

Foreign Transaction Fee

Credit cardholders will be charged foreign transaction fees for transactions made in foreign countries during your travel and through online shopping. The charge ranges from 1-2%, depending on the card issuer. JCB charges 1-1.95%, American Express charges 2% while Visa/ Mastercard issued by local banks charge 1.95% for each foreign transaction.

While most of the Union Pay credit cards (excluding Hang Seng and HSBC) exempt cardholders from overseas charges, the exchange rate is usually higher than Visa/ Mastercard. Moreover, the rewards of Visa/Mastercard are often more attractive. Therefore, when deciding which credit card to use during your travel, it is not wise to only consider the transaction fee. It is best to consider all factors including transaction fee, exchange rate, card rebate, etc. to be smart with money.

Credit Card Overseas Charges- DCC Markup Fee

Credit card overseas charges do not only apply to foreign transactions made in foreign countries while travelling, and it also applies to transactions made online from your home country where the vendor is in an oversea country. Very often, merchants will provide you with the option to either pay in local currency or Hong Kong currency. If you decide to pay in Hong Kong currency, you will be charged at least a 4% DCC markup fee (Dynamic Currency Conversion (DCC) Service Charges). To avoid that, you should always pay in local currencies wherever possible.

Credit Card Travel Promotions

From now until 31 December 2020, HSBC Credit Cardholders can enjoy offers from 'Red Hot Online and Overseas Spending Rewards' throughout the year. HSBC Cardholders can earn 2.4% RewardCash rebate for online and overseas spending. HSBC Premier MasterCard® Credit Cardholders can enjoy an extra 2% RewardCash rebate for overseas spending. Cardholders are required to register in order to enjoy the offers.

Moreover, holders of HSBC, Standard Chartered, Hang Seng, American Express, Bank of China, Bank of East Asia, Citibank and DBS card can enjoy up to 10% off when booking through Expedia. Agoda also offers up to 10% for designated DBS, HSBC and PrimeCredit cardholders.

Things you need to know about credit cards for foreign transactions

Location Limits

Visa/ Mastercard are accepted worldwide while UnionPay is widely accepted in Asia but not in the US or Europe. It is best to check with your card issuer before travelling to make sure that your card is accepted.

UnionPay may not be the best option

Although most UnionPay credit cards offer handling fee waiver while Visa/ Mastercard charges 1.95% handling fee, it is not necessarily the most money-saving. Cardholders need to take exchange rates and rebate/mile conversion rates into account.

Travel/ Overseas Spending Credit Cards Frequently Asked Questions

Are there any charges using UnionPay credit cards overseas?

Most of the Union Pay credit cards offer overseas charges waiver except for those issued by Hang Seng and HSBC.

What do cardholders need to pay attention to on overseas spending?

It is important to bear in mind transaction fees should not be the sole factor when deciding which card to use for foreign transaction. You should also consider other factors such as exchange rate and card rebate, etc.

Do cardholders get the exchange rate on the day of spending?

No. It will only become visible when the transaction is actually posted, which usually takes a few days.

What currency should be used in foreign transactions?

If you pay in Hong Kong currency, you will be charged at least a 4% DCC markup fee. Therefore, it is not wise to pay in Hong Kong currency. You should always pay in local currency wherever possible.