Best Unionpay Credit Cards Hong Kong

Updated November 2019

Get the best UnionPay credit cards to benefit from dual currency accounts and save on foreign exchange fees. Compare foreign currency transaction fee and cash rebates from top UnionPay credit cards in Hong Kong.

Popular UnionPay Credit Cards

Extra HK$300 cash rebate

EarnMORE UnionPay Card

HK$0

Min. Annual Salary

2%

Cash back on overseas spend

N.A.

Miles Conversion (overseas 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.

UnionPay Features

  • Access to 130 designated LoungeKey airport lounges
  • $1 for handcrafted beverages in HK Aiport Pacific Coffee
  • Handling fee waiver for overseas spending
  • Buy 1 get 1 free ticket in Cinema City on Friday or Saturday
  • Enjoy airport limousine service for HK$250/ride

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

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.

UnionPay Features

  • Access to 130 designated LoungeKey airport lounges
  • $1 for handcrafted beverages in HK Aiport Pacific Coffee
  • Handling fee waiver for overseas spending
  • Buy 1 get 1 free ticket in Cinema City on Friday or Saturday
  • Enjoy airport limousine service for HK$250/ride

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

Extra HK$300 cash rebate

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

$0

Min. Annual Salary

0.4%

Cash back on overseas spend

N.A.

Miles Conversion (overseas 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 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.

UnionPay Features

  • Travel offers:
    .Handling fee waiver for overseas spending
    .Enjoy HK$1 handcrafted beverages at Pacific Coffee in Hong Kong International Airport with WeWa UnionPay card and valid boarding pass
    .Access to 130 designated LoungeKey airport lounges
  • Entertainment offers
    CINEMA CITY:
    .Buy 1 get 1 free on regular-priced movie tickets for Friday or Saturday movies
    .10% off 2D/3D/ATMOS movie tickets
    .10% off concession items

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
HSBC UnionPay Dual Currency Diamond Card

HK$150,000

Min. Annual Salary

2.4%

Cash back on overseas spend

HK$4.17 = 1 Mile

Miles Conversion (overseas spend)

  • Apply online to earn up to $900 RewardCash

UnionPay Features

  • Enjoy flexible payment in HKD and RMB without being concerned about fluctuations in the exchange rate
  • Foreign currency transaction fee = 1%

Annual Interest Rate and Fees

Annual Interest Rate37.75%
Principle Annual FeeHK$1,800
Supplementary Annual FeeHK$900
Fee WaiverYes
Minimum Monthly RepaymentVaries. For more info, view T&C
Interest Free PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$150,000

Other

Card AssociationUnionPay
Wireless PaymentN.A.

















To borrow or not to borrow? Borrow only if you can repay!
Standard Chartered UnionPay Dual Currency Platinum Credit Card

HK$96,000

Min. Annual Salary

0.35%

Cash back on overseas spend

HK$15 = 1 Mile

Miles Conversion (overseas spend)

UnionPay Features

  • Enjoy a waiver of foreign exchange markup on spending in CNY and foreign currencies
  • No expiry for the 360° Rewards Points earned
  • Enjoy privileges offered by UnionPay
  • 10% off a la carte menu (lunch and dinner) at Kong Fu Zi
  • 10% off on à la carte menu at BLT Steak

Annual Interest Rate and Fees

Annual Interest Rate33.41%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverNo
Minimum Monthly RepaymentAll interest, fees, charges (including Annual Fee(s)), the total of the over-limit amount and/or the overdue amount (where applicable) that may be charged, plus 1% of outstanding principal or HK$/CNY220, whichever is higher
Interest Free PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$96,000
ForeignerHK$0

Other

Card AssociationUnionPay
Wireless PaymentN.A.
BOC Dual Currency Diamond Card

HK$200,000

Min. Annual Salary

4%

Cash back on overseas spend

HK$8 = 1 mile

Miles Conversion (overseas spend)

UnionPay Features

  • Global cash withdrawal service at over 1.6m ATMs
  • Accepted in 162 countries and regions
  • Enjoy Personal Concierge Service, taking care of your travel, entertainment, and shopping needs
  • Enjoy 3 free access to LoungeKey airport lounges after accumulating designated amount

Annual Interest Rate and Fees

Annual Interest Rate36.70%
Principle Annual FeeHK$3,800
Supplementary Annual Fee1900
Fee WaiverN/A
Minimum Monthly RepaymentHK$230 or 1% of statement balance (whichever is higher)
Interest Free Period

Minimum Income Requirements

Local ResidentHK$200,000
ForeignerHK$0

Other

Card AssociationUnionPay
Wireless PaymentBoC Pay
ICBC Horoscope UnionPay Dual Currency Diamond Card

HK$250,000

Min. Annual Salary

1.5%

Cash back on overseas spend

N.A.

Miles Conversion (overseas spend)

UnionPay Features

  • Contactless payment available for transportation and shopping in Macau
  • Contactless payment across Mainland China
  • Link Credit Card with UnionPay apps to enjoy QR code payment
  • Buy-1-get-1 free lunch/ dinner at participating restaurants

Annual Interest Rate and Fees

Annual Interest Rate31.89%
Principle Annual FeeHK$1,000
Supplementary Annual FeeHK$500
Fee WaiverYes
Minimum Monthly RepaymentHK$50
Interest Free Period55 Days

Minimum Income Requirements

Local ResidentHK$250,000
ForeignerHK$0

Other

Card AssociationUnionPay
Wireless PaymentUnionPay
Bank of China CUP Dual Currency Platinum Card

HK$150,000

Min. Annual Salary

0.5%

Cash back on overseas spend

$15 = 1 里數

Miles Conversion (overseas spend)

UnionPay Features

  • Foreign currency transaction fee = No fee
  • Cashback on overseas spending = 0.50%
  • Air Miles (Overseas) = HK$15 = 1 Mile
  • Premium airport lounge service, airport limousine transfer, UnionPay travel assistance

Annual Interest Rate and Fees

Annual Interest Rate35.70%
Principle Annual FeeHK$1,600
Supplementary Annual FeeN/A
Fee WaiverN/A
Minimum Monthly Repayment1% of monthly payment + fees
Interest Free PeriodUp to 56 days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$150,000

Other

Card AssociationUnionPay
Wireless PaymentN/A
BEA UnionPay Dual Currency PLATINUM Credit Card

HK$40,000

Min. Annual Salary

1.2%

Cash back on overseas spend

N.A.

Miles Conversion (overseas spend)

UnionPay Features

  • Foreign currency transaction fee = No fee
  • Air Miles (Overseas) = N/A

Annual Interest Rate and Fees

Annual Interest Rate36.43%
Principle Annual FeeHK$600
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment1% of monthly balance + fees
Interest Free PeriodUp to 56 Days

Minimum Income Requirements

Local ResidentHK$40,000
ForeignerHK$40,000

Other

Card AssociationUnionPay
Wireless PaymentN.A.
Bank of Communications CUP Dual Currency Diamond Card

0%

Min. Annual Salary

0.8%

Cash back on overseas spend

$6 = 1 Mile

Miles Conversion (overseas spend)

UnionPay Features

  • 5% Spending Rebate on UnionPay APP QR code payment (Promotion period from now till 31 August 2019)
  • 25% Spending Rebate when monthly transaction amounts made with UnionPay Quick Pass reach HK$400 for designated Cross-border, the Mainland and Macau transportation
  • Spending HK$3,000 can enjoy designated one-way airport limousine transfer services at HK$250

Annual Interest Rate and Fees

Annual Interest Rate34.49%
Principle Annual FeeN/A
Supplementary Annual FeeN/A
Fee WaiverN/A
Minimum Monthly Repayment1% of monthly payment + fees
Interest Free PeriodUp to 55 Days

Minimum Income Requirements

Local ResidentHK$150,000
ForeignerHK$150,000

Other

Card AssociationUnionPay
Wireless PaymentN/A
All results loaded

UnionPay Credit Card Recommendations 2019

Credit CardBest ForRewards
EarnMORE UnionPay CardCash rebate seekers2% cashback on overseas spend
HSBC UnionPay Dual Currency Credit CardFrequent travellers to China2.4% cashback on overseas spend/ HK$4.17 = 1 Mile
AEON UnionPay Credit CardCash rebate seekers on lifestyle spending2% cashback on overseas spend
WeWa UnionPay CardCash rebate seekers who spend a lot on lifestyle and entertainment0.4 % cashback on overseas spend
Standard Chartered UnionPay Dual Currency Platinum Credit CardFrequent travellers to China and overseas0.35% 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.