Best UnionPay Credit Cards in Hong Kong 2020

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$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 Period	53 days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	31.59%
Principle Annual Fee	HK$0
Supplementary Annual Fee	N/A
Fee Waiver	Permanent Annual Fee Waiver
Minimum Monthly Repayment	4% of credit purchase balance and cash advance balance or HK$100 each, whichever is higher ; 80% of credit purchase balance
Interest Free Period

Local Resident	HK$0
Foreigner	HK$0

Card Association	UnionPay
Wireless Payment	N/A

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$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 Period	53 Days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$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 Period	53 days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$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 Period	53 Days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	37.75%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	HK$900
Fee Waiver	Yes
Minimum Monthly Repayment	Varies. For more info, view T&C
Interest Free Period	Up to 56 days

Local Resident	HK$150,000
Foreigner	HK$150,000

Card Association	UnionPay
Wireless Payment	N.A. To borrow or not to borrow? Borrow only if you can repay!

Annual Interest Rate	36.70%
Principle Annual Fee	HK$3,800
Supplementary Annual Fee	1900
Fee Waiver	N/A
Minimum Monthly Repayment	HK$230 or 1% of statement balance (whichever is higher)
Interest Free Period

Local Resident	HK$200,000
Foreigner	HK$0

Card Association	UnionPay
Wireless Payment	BoC Pay

Annual Interest Rate	31.89%
Principle Annual Fee	HK$1,000
Supplementary Annual Fee	HK$500
Fee Waiver	Yes
Minimum Monthly Repayment	HK$50
Interest Free Period	55 Days

Local Resident	HK$250,000
Foreigner	HK$0

Card Association	UnionPay
Wireless Payment	UnionPay

Annual Interest Rate	37.75%
Principle Annual Fee	HK$300
Supplementary Annual Fee	HK$150
Fee Waiver	Yes
Minimum Monthly Repayment	Varies. For more info, view T&C
Interest Free Period	Up to 56 Days

Local Resident	HK$60,000
Foreigner	HK$60,000

Card Association	Unionpay
Wireless Payment	N.A. To borrow or not to borrow? Borrow only if you can repay!

Annual Interest Rate	35.70%
Principle Annual Fee	HK$1,600
Supplementary Annual Fee	N/A
Fee Waiver	N/A
Minimum Monthly Repayment	1% of monthly payment + fees
Interest Free Period	Up to 56 days

Local Resident	HK$150,000
Foreigner	HK$150,000

Card Association	UnionPay
Wireless Payment	N/A

Annual Interest Rate	36.43%
Principle Annual Fee	HK$600
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1% of monthly balance + fees
Interest Free Period	Up to 56 Days

Local Resident	HK$40,000
Foreigner	HK$40,000

Card Association	UnionPay
Wireless Payment	N.A.

Annual Interest Rate	34.49%
Principle Annual Fee	N/A
Supplementary Annual Fee	N/A
Fee Waiver	N/A
Minimum Monthly Repayment	1% of monthly payment + fees
Interest Free Period	Up to 55 Days

Local Resident	HK$150,000
Foreigner	HK$150,000

Card Association	UnionPay
Wireless Payment	N/A

UnionPay Credit Card Recommendations 2019

Credit Card	Best For	Rewards
EarnMORE UnionPay Card	Cash rebate seekers	2% cashback on overseas spend
HSBC UnionPay Dual Currency Credit Card	Frequent travellers to China	2.4% cashback on overseas spend/ HK$4.17 = 1 Mile
AEON UnionPay Credit Card	Cash rebate seekers on lifestyle spending	2% cashback on overseas spend
WeWa UnionPay Card	Cash rebate seekers who spend a lot on lifestyle and entertainment	0.4 % cashback on overseas spend
Standard Chartered UnionPay Dual Currency Platinum Credit Card	Frequent travellers to China and overseas	0.35% cashback on overseas spend/ HK$15 = 1 Mile

Best UnionPay Credit Cards

HSBC UnionPay Dual Currency Credit Card

HSBC UnionPay Dual Currency Credit Card is best for frequent travelers to China because it provides a seamless transition between HKD and RMB. With this card, cardholders can enjoy flexible payment in Hong Kong dollars for transactions in Hong Kong and Renminbi for purchases in China without worrying about fluctuations in exchange rate. Moreover, cardholders can enjoy multiple RewardCash rebates on top of the basic rebate. Card members can earn up to 2.4% RewardCash rebate with “Red Hot Rewards of Your Choice” and up to 2% RewardCash rebate with “Red Hot Online & Overseas Spending Rewards.

WeWa UnionPay Card

WeWa UnionPay Card is best for cash rebate seekers. Cardholders can earn HK$10 Cash Rebate for every HK$250 spending at selected categories namely “Travel”, Cinema”, “Karaoke” and “Theme Park” throughout the year. With this card, cardholders can access 130 designated LoungeKey airport lounges and enjoy HK$1 for handcrafted beverages in HK Aiport Pacific Coffee. Cardholders can also enjoy 2-for-1 ticket in Cinema City on Fridays or Saturdays. This card also offers a 3-month non-interest transaction instalment. Cardholders can also enjoy transactions in foreign currency without any transaction fee.

Earnmore UnionPay Card

EarnMORE UnionPay Card is best for cash rebate seekers in all spending categories. Cardholders can earn up to 2% cash rebate for all eligible purchase throughout the year. With this card, cardholders can access 130 designated LoungeKey airport lounges and enjoy HK$1 for handcrafted beverages in HK Aiport Pacific Coffee. Cardholders can also enjoy buy-one-get-one-free ticket in Cinema City on Fridays or Saturdays. Cardholders can also enjoy handling fee waiver for overseas spending.

AEON UnionPay Credit Card

AEON UnionPay Credit Card is best for cash rebate seekers on lifestyle usage. Cardholders can enjoy discount throughout the year at AEON’s massive merchant network with the "AEON Member Price". Moreover, members are entitled to 2% rebate upon the first HK$25,000 credit spending as a welcome offer. No transaction fee is imposed by AEON on any overseas transactions.

Bank of China CUP Dual Currency Platinum Card

Bank of China CUP Dual Currency Platinum Card is best for people who are looking for a Union Pay card with the low-income requirement. This card offers dual currency which can avoid exchange rate fluctuation between HKD and RMB. The cashback on overseas spending is 0.5% and the earning ratio of Air Miles (Overseas) = HK$15= 1 Mile. Cardholders can access all benefits of UnionPay which include fee waiver in foreign currency transaction fee, access to premium airport lounge service, airport limousine transfer and UnionPay travel assistance.

Plaza Premium Lounge Offers

UnionPay Diamond Credit Card holders can enjoy up to 3 times complimentary access to the Plaza Premium Lounge provided that minimum spending requirement of HK$12,000 for two consecutive months is met. Please note that there is a limit of 100 quotas per day and reservation is required. From now until 31 Dec, Diamond Prestige cardholders can also enjoy up to 3 complimentary access to Plaza Premium First at Hong Kong International Airport.

UnionPay Credit Card Offers

Offer #1

Coffees

UnionPay Diamond Prestige/ UnionPay Diamond/ Visa/ MasterCard and UnionPay Platinum Card offer free upgrade for handcrafted beverages at Pacific Coffee.

Offer #2

Airport Lounges

Holders of UnionPay Diamond Card who sign up for HK$12,000 in total within two consecutive natural months can enjoy 3 times airport lounge in more than 130 designated LoungeKey airport lounges around the Greater China in Chinese Mainland, Hong Kong, Macau and Taiwan.

Offer #3

Cinemas

UnionPay Diamond and Platinum credit card holder can enjoy movie discounts such as 10% off 2D / 3D movie tickets at Cinema City. What’s more, UnionPay Diamond Cardholder can enjoy 2 for 1 3D movie tickets for Friday or Saturday shows.

Dual Currency Credit Card

Dual currency credit cards are great for jet-setters as they allow you to transact in two different currencies. There are no extra charges for transactions made in either currency. You can allocate your credit limit between your HKD and RMB accounts. Do note bill payment is separate for your HKD sub-account and RMB sub-account. UnionPay issues a number of HKD-CNY dual-currency credit cards, as well as other types such as SGD-CNY dual-currency credit cards. They allow frequent travellers to China to easily pay and transact.

HSBC Dual Currency Diamond Credit Card Benefits

Travel Perks

Holders of HSBC Dual Currency Diamond Credit Card can experience travel perks free of charge including free entry to LoungeKey airport lounges for three times every year and free Wi-Fi package at Wifi BB. Cardholders can also enjoy airport limousine transfers at a privileged rate of HK$250.

RewardCash

To maximize your rewards, cardholders can allocate the extra 5X RewardCash Multiplier of the Red Hot Rewards of Your Choice to your preferred category to enjoy a total of 6X Reward Cash and a more favorable rate of HK$4.17 = 1 Asia Mile compared to the regular rate of HK$25 = 1 Asia Mile.

All-Year-Round Offers

Apart from earning HSBC RewardsCash, HSBC credit card also offers dining promotions at popular restaurants and hotel buffets in Hong Kong. Some of the more enticing offers include Bostonian Seafood & Grill, BLT Steak, Gaylord Indian Restaurant, and Big Bay Cafe. Check HSBC’s Red Hot Offers listings for the latest dining promotions.

UnionPay’s Exchange Rate

UnionPay exchange rates for currencies like CNY and HKD are good. For cards that are in Hong Kong dollars (HKD), the current exchange rate is 1000CNY = HK$1173.5 as of March 019. In comparison, Visa’s rate is 1000CNY = HK$1170.2, while MasterCard’s rate is 1000CNY = HK$1171.4. For UnionPay cards in Chinese Renminbi (CNY), the exchange rate is HK$1000 = 855.5CNY while Visa’s exchange rate is HK$1000 = 855.1CNY and MasterCard’s exchange rate is HK$1000 = 854.9CNY as of March 2019. The calculation of exchange rates are based on wholesale currency markets and government-mandated rates.

Frequently Asked Questions

Is UnionPay a Visa card?

No, though some UnionPay credit cards are affiliated with Visa card.

How do I pay online with UnionPay?

Paying online with UnionPay credit cards is just like paying with Visa or Mastercard credit cards. There are more than 10 million overseas online merchants that accept online payment via UnionPay, mostly based in China, Hong Kong, Macau, Japan, and South Korea.

Which credit card is accepted the most?

It depends. UnionPay credit cards are more commonly accepted in Asian countries such as China, Japan, Korea, and Thailand but less widely accepted among merchants in the US and Europe.

Does China take credit cards?

Yes. But it’s worth noting that UnionPay credit cards are more commonly used in China.

Which credit card is best in Hong Kong?

This depends on your lifestyle and what you spend the most on. There are cashback cards, reward points cards, air mile cards, and UnionPay cards. Cashback cards offer effortless usage as the cash rebate is automatic. Air mile cards are great for frequent travellers who would take the effort to accumulate expenditure and ensure that they get maximum mile accrual. Reward points cards allow you to gain points and then redeem it for privileges and discounts. UnionPay credit cards are best for people who frequently travel to China, as it supports transactions in two different currencies with no extra charges.

Best UnionPay Credit Cards in Hong Kong

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Category

Provider

Best UnionPay Credit Cards

EarnMORE UnionPay Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

AEON UnionPay Credit Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

WeWa UnionPay Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Popular UnionPay Credit Cards

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

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

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

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

HSBC UnionPay Dual Currency Diamond Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

BOC Dual Currency Diamond Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

ICBC Horoscope UnionPay Dual Currency Diamond Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

HSBC UnionPay Dual Currency Credit Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Bank of China CUP Dual Currency Platinum Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

BEA UnionPay Dual Currency PLATINUM Credit Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Bank of Communications CUP Dual Currency Diamond Card

UnionPay Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

UnionPay Credit Card Recommendations 2019

Best UnionPay Credit Cards

HSBC UnionPay Dual Currency Credit Card

WeWa UnionPay Card

Earnmore UnionPay Card

AEON UnionPay Credit Card

Bank of China CUP Dual Currency Platinum Card

Plaza Premium Lounge Offers

UnionPay Credit Card Offers

Coffees

Airport Lounges

Cinemas

Dual Currency Credit Card

HSBC Dual Currency Diamond Credit Card Benefits