Best Credit Card Welcome Offers Promotion in Hong Kong

Find the best deals from credit cards with amazing welcome gifts in Hong Kong. Enjoy all kinds of credit card offers, from travel, dining to shopping! Read More
We found 61 Credit Cards for you!
Standard Chartered Smart Card
MoneySmart Exclusive
5% rebate|Waive foreign exchange fee
Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
HK$2,599

【MoneySmart Exclusive : Make your selection of variety of brands  !】From now until 2 July 2024, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get B&W Pi5 S2 In-ear True Wireless earbuds  (retail price $2,380) or HK$800 e-Voucher (including Apple Store / 7-11 / HKTVmall / WeChat Pay HK / Deliveroo / Pacific Coffee or Zalora) or HK$800 PARKnSHOP supermarket voucher!



【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 a referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 02 Jul 2024 - See more details below
Apply Now
EarnMORE UnionPay Diamond Card
MoneySmart Exclusive
Earn 2% cashback from everyday spending
Min. Annual Salary
0
Cash back on overseas spend
2%
MoneySmart exclusive rewards
$200

【MoneySmart Exclusive Offer】Want to get extra $300 vouchers from MoneySmart?  From now until 30 June 2024, new customers who successfully applied for EarnMORE UnionPay Diamond Card via MoneySmart, can enjoy 3,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$300 in the Rewards Store(over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)





[PrimeCredit x MoneySmart] From now until June 30, apply EarnMORE UnionPay Diamond Card through MoneySmart and earn extra HK$200 cash rebate + Welcome offer: HK$670 cash rebate (included the extra up to 2% cash rebate) Or  OTO Vanda 2.0 massage chair (VN-05) (Suggested price: HK$13,800) Or German Pool Smart Air
Purifier Fan (EFB-426HM-SC) (Suggested price: HK$2,480) Or Up to HK$90K Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$400 Klook e-Gift Card (**Extra reward will be fulfilled by PrimeCredit)



【Referral Bliss: Treats for You and Your Loved Ones - Earn Extra HK$50 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 a referral bonus of 500 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 30 Jun 2024 - See more details below
Apply Now
American Express Explorer® Credit Card
MoneySmart Exclusive
No expiry date for Membership Rewards points
Min. Annual Salary
HK$300,000
Complimentary Plaza Premium Lounge Access
8 times per Calendar Year
Miles Conversion (Eligible Foreign Currency Transaction)*
HK$2 = 1 Mile
【Get an extra HK$300 Statement Credit!】+Up to 71,000 Miles Welcome Offer in Town!
From now on until 30 June 2024, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 18,000 American Express Membership Rewards points and additional reward of 🔥HK$300 statement credit upon the first transaction within the first 3 months, and gain another 108,000 American Express Membership Rewards points upon the qualified spending of HK$7,000 within the first 3 months.

In total, customers can earn up to HK$300 statement credit and 108,000 American Express Membership Rewards points, equivalent to 7,000 miles - Earn 1 miles for every dollar spent! Plus, you can enjoy 8 complimentary access to Plaza Premium Lounges all over the world for a whole year!


Zoom to Japan, Korea, and Taiwan with Lightning Speed! Earn HK$2=1 mile on eligible foreign currency transactions, up to 720,000 Points, enough to redeem for 40,000 miles. Plus, earn HK$4.5=1 mile on eligible local transactions, up to 432,000 Points, enough to redeem for 24,000 miles. That's a potential of up to 64,000 bonus miles!
Valid until 30 Jun 2024 - See more details below
Apply Now
Citi Cash Back Card
MoneySmart Exclusive
2% foreign currency rebate
Minimum Income Requirements
HK$120,000
Cash back on local spend
2%
Cash back on overseas spend
2%
【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 - See more details below
Apply Now
Standard Chartered Cathay Mastercard
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, online and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
65,000 miles

【✈️ Travel with CX Card & SONY Headphone !】From now until 2 July 2024, new cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get SONY WH-CH720N Headphone ( Value: HK$1,299) or HK$900 e-Voucher (including Apple Store / 7-11 / HKTVmall / WeChat Pay HK / Deliveroo / Pacific Coffee or Zalora) or HK$900 PANKnSHOP Supermarket voucher!



【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 a referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 02 Jul 2024 - See more details below
Apply Now
Hang Seng enJoy Card
Up to 4x Points to spend as cash
Annual fee
Perpetual annual fee waiver
Cash back on local spend
2%
Welcome Offer
Up to 120,000 yuu Points
Apply Now
Citi Octopus Platinum Card
MoneySmart Exclusive
Up to 15% transport fare rebate
Welcome Offer
HK$600
Cash back on local spend
0.5%
Miles Conversion (local spend)
N/A
【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 - See more details below
Apply Now
DBS Black World Mastercard
MoneySmart Exclusive
Redeem various mileage points without any fee
Min. Annual Salary
HK$240,000
Welcome Offer
Up to 42,000 miles
Upon meeting local and overseas spending goal*
HK$3/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 - See more details below
Apply Now
HSBC EveryMile Credit Card
Bank Promo
Local and oversea spending
低至HK$2 = 1里
Minimum Annual Income
HK$240,000
Welcome Offer
Up to $1,000 RewardCash
Bank Promo:
Limited-time online welcome offer:
New credit card customers can enjoy up to $800 RewardCash. Earn extra $200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan, bringing the total rewards to up to $1,000
Valid until 30 Jun 2024 - See more details below
Apply Now
WeWa UnionPay Diamond Card
MoneySmart Exclusive
Min. Annual Salary
HK$0
Local, Overseas and Online Spending via selected mobile payments
Up to 6%
Cash rebate on travel spending and designated spending categories
4%

【MoneySmart Exclusive Offer】Want to get extra $300 vouchers from MoneySmart?  From now until 30 June 2024, new customers who successfully applied for WeWa UnionPay Diamond Card via MoneySmart, can enjoy 3,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$300 in theRewards Store (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)

【PrimeCredit x MoneySmart】From now until June 30 2024, successfully applied WeWa UnionPay Diamond Card through MoneySmart and earn extra HK$200 cash rebate + Welcome offer: Delsey S-Series 30 inch Front
Loader Expandable Suitcase or Panasonic nanoe® Hair Dryer (EH-NA9K) or HK$500
Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$400 Klook e-Gift Card (Extra reward will be fulfilled by PrimeCredit)

【Referral Bliss: Treats for You and Your Loved Ones - Earn Extra HK$50 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 a referral bonus of 500 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 30 Jun 2024 - See more details below
Apply Now
Citi PremierMiles Card
MoneySmart Exclusive
Free travel insurance and airport lounges access
Minimum Income Requirements
HK$120,000
Miles Conversion (local spend)
0.8%
Cash back on local spend
$8 = 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 - See more details below
Apply Now
AEON CARD WAKUWAKU
MoneySmart Exclusive
Min. Annual Salary
HK$0
Cash back on online shopping
6%
Cash back on local spending (dinning)
1%

【Limited Time Offer】From now until 30 Jun 2024, apply for the AEON CARD WAKUWAKU through MoneySmart, you can exclusively enjoy extra 3,000 SmartPoints and free to redeem HK$300 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc). Alternatively, you can convert them into HK$200 cash and cash out directly! Click here to explore limitless possibilities (T&C applied)!



New AEON Customers successfully applied AEON CARD WAKUWAKU through “AEON HK” Mobile App and input the welcome offer code “MSWAKU” to enjoy an extra HK$200 cash rebate (Offer by AEON) and up to 16% cash rebate + HK$400 cash rebate! Enjoy a year-round 6% cash rebate on online spending! Earn 3% cash rebate on purchases in Japan and enjoy waived transaction fees on foreign currency transactions (except charges imposed by Cards Associations)!



【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 a referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 30 Jun 2024 - See more details below
Apply Now
Hang Seng MMPOWER World Mastercard®
MoneySmart Exclusive
Get 6% +FUN Dollars on overseas spending
Annual fee
Perpetual annual fee waiver
+FUN Dollars rebate on selected spending categories
6%
+FUN Dollars rebate on Online Retail Transaction
5%

【Limited-time Offer: Earn the POLAROID Instant Camera 📸 or HK$1,300 Cash Coupon!】
From now until 30 June, new credit card customers* who successfully applied for the Hang Seng MMPOWER World Mastercard via MoneySmart simply spend HK$1,300 within 30 days after card issuance, can enjoy an extra POLAROID Now+ i-Type Instant Camera (Retail Value : HK$1,599) or German Pool Multifunctional Cordless Vacuum Cleaner (Retail Value: HK$1,380) or Jollying 24" Pebble Collapsible Suitcase Foldable Luggage (Retail Value: HK$1,499) or  HK$1,300 Apple Store Gift Card or HK$1,300 PARKnSHOP Supermarket voucher!



【MMPOWER Super Deal】From now until 30 June, 2024, customers who earn 6% +FUN Dollars in overseas foreign currencies spending, 5% +FUN Dollars in online retail spending and 1% +FUN Dollars in your selected spending categories upon meeting accumulative monthly eligible retail spending of HKD5,000, can earn up to $500 +FUN Dollars per month! You can also enjoy up to $700 +FUN Dollars welcome offer upon meeting the designated spending requirements! Existing cardholders can get HK$700 PARKnSHOP Supermarket voucher through spending HK$700!

Valid until 30 Jun 2024 - See more details below
Apply Now
HSBC Pulse UnionPay Dual Currency Diamond Credit Card
Bank Promo
Min. Annual Salary
HK$120,000
RewardCash Rebate
Up to 4.4%
Miles Conversion (local spend)
HK$4.17 = 1 Mile
Bank Promo:
Limited-time online welcome offer:
New credit card customers can enjoy up to $800 RewardCash. Earn extra $200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan, bringing the total rewards to up to $1,000
Valid until 30 Jun 2024 - See more details below
Apply Now
HSBC Visa Signature Card
Bank Promo
Min. Annual Salary
HK$240,000
RewardCash Rebate
Up to 3.6%
Miles Conversion (local spend)
HK$2.78 = 1 Mile
Bank Promo:
Limited-time online welcome offer:
New credit card customers can enjoy up to $800 RewardCash. Earn extra $200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan, bringing the total rewards to up to $1,000
Valid until 30 Jun 2024 - See more details below
Apply Now
Standard Chartered Cathay Mastercard - Priority Banking
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, online and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
85,000 miles

【✈️ Travel with CX Card & SONY Headphone !】From now until 2 July 2024, new cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get SONY WH-CH720N Headphone ( Value: HK$1,299) or HK$900 e-Voucher (including Apple Store / 7-11 / HKTVmall / WeChat Pay HK / Deliveroo / Pacific Coffee or Zalora) or HK$900 PANKnSHOP Supermarket voucher!



【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 a referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 02 Jul 2024 - See more details below
Apply Now
DBS Eminent Visa Platinum Card
MoneySmart Exclusive
Min. Annual Salary
HK$150,000
Miles Conversion (local spend)
N/A
Cash back on local spend
3%

From now until 30 June 2024, customers who apply for designated cards through MoneySmart (Eminent Visa Platinum Card/ DBS Eminent Visa Signature Card) successfully, can get HK$200 Apple Store Gift Card or HK$200 Klook Gift Card or HK$200 ParknShop Voucher! 



【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 a referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

Valid until 30 Jun 2024 - See more details below
Apply Now
American Express® Platinum Credit Card
MoneySmart Exclusive
Up to 50% savings at designated restaurants
Min. Annual Salary
HK$300,000
Miles Conversion (local spend)
$6 = 1 Mile
Cash back on local spend
1%
【🌟Welcome Offer: Valued up to HK$4,960 upon card approval!】
Apply via MoneySmart by 30 June 2024, and seize the rewards! Enjoy 4 complimentary movie tickets and a limited-time offer of 300,000 MR points. An aggregate spend of HK$5,000 within the first 3 months grants you [✈️Newly added!] HK$2,000 HK Express cash vouchers OR 300,000 MR points! Don't miss out on the chance to earn rewards up to HK$4,960 OR rewards up to HK$2,960 with 16,666 miles (converted by 300,000 MR points) — APPLY NOW!


300,000 MR points is equivalent to HK$1,250 if you apply Pay with Points Max which is enough to redeem a free round-trip flight to Taiwan!


💡Reminder: If you would like to select HK$2,000 HK Express cash vouchers, please click here to complete the application. Alternatively, if you prefer 300,000 MR points, you can simply click "Apply Now" to complete the application.
Valid until 30 Jun 2024 - See more details below
Apply Now
Citi Rewards UnionPay Card
MoneySmart Exclusive
Earn 3X points for QuickPass Transactions
Minimum Income Requirements
HK$120,000
QuickPass Transactions
10X Points
Miles Conversion (local spend)
$5 = 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 - See more details below
Apply Now
Citi HKTVmall Card
MoneySmart Exclusive
N/A
N/A
N/A
【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 - See more details below
Apply Now

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. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. 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 Credit Cards in Hong Kong

Credit CardMinimum SalaryAnnual Fee
Standard Chartered Smart CardHK$96,000HK$0
Standard Chartered Asia Miles MastercardHK$96,000HK$1,800
Hang Seng MMPOWER CardHK$150,000HK$0
DBS Black World MastercardHK$240,000HK$2,000
American Express Platinum Credit CardHK$300,000HK$2,200
WeWa UnionPay CardHK$0HK$800
EarnMORE UnionPay CardHK$0HK$800
HSBC Red CardHK$120,000HK$0

HK Credit Card Offers

Standard Chartered Credit Cards

All Standard Chartered customers can earn rewards for eligible purchases. Rewards range from Asia Miles (with the Standard Chartered Asia Miles card), cashback, or 360° Rewards Points. Cardholders can exchange points for vouchers at merchants such as PARKnSHOP and IKEA. Other shopping categories include electronics, lifestyle products, and travel.

Citibank Credit Cards

Citi PremierMiles Card and Citi Rewards Card are the signature cards for Citibank. The former one is a good choice for collecting Asia Miles with the earning ratio of HK$8=1 mile with no mileage conversion fee while the latter one offers many travel perks including up to 12 times of free access to the airport lounge. Moreover, you can earn bonus reward points for spending in supermarkets and department stores. These points can be redeemed for cash coupons, miles, or used to offset purchases.

DBS Credit Cards

DBS Black Card is famous for collecting miles. All DBS personal credit card holders (except for COMPASS VISA cardholders) can earn DBS $1 for every HK$250 spending, which can be used for cash rebate or other rewards under the Reward Scheme. But changes to the type of reward scheme can only be made once a year.

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Compare Credit Cards in Hong Kong

Air Miles

Miles Credit Cards

  1. Standard Chartered Asia Miles Mastercard: HK$4/ mile for dining and online spending
  2. Citi PremierMiles Card: HK$3/ mile for foreign currency transactions
  3. American Express Cathay Pacific Elite Credit Card: HK6/ 1.5 mile for foreign currency spending

Cashback

Cashback Credit Cards

  1. Standard Chartered Simply Cash Visa Card: 2% rebates on foreign currency transactions
  2. Citi Cash Back Visa Card: 2% rebates on global dining and hotel spending
  3. EarnMORE UnionPay Card: 2% rebates on all spending

Reward Points

Reward Points Credit Cards

  1. Citi Rewards Card: 5x points all-year-round at supermarkets, department stores, and telecom providers
  2. HSBC Visa Signature Card: Up to 14x “RewardCash” for selected categories

Credit Card Promotions

Year-Round Offers

Enjoy year-round privileges at dining, shopping and travel hotspot throughout the year with your credit card. For movie lovers, get buy-1-get-1-free on Friday movie tickets at UA Cinemas with UnionPay Diamond Credit Cards. Visa Signature cardholders can enjoy up to HK$200 off upon designated spending amount at restaurants like Limewood and Sip Song.

Free Airport Lounge Access

Credit Cards often provide complimentary airport lounge access which some might even allow free companions entry. Take AE Platinum Card as an example, the principal card owner is entitled to a free membership in Priority pass, which allows access to over 1,000 lounges in the world. Citi Prestige Card cardholders can also get access to Mastercard Airport LoungeKey lounges worldwide.

Welcome Gift

Welcome offers come in various types including cash rebate, air miles, coupons or gifts. Popular gift options including suitcases and electronic devices. For example, DBS COMPASS VISA gives you a Le Maurice suitcase and WeWa UnionPay Card gives you a Jabra wireless headphone as a welcome gift.

How to Choose the Best Credit Card for You in 3 Steps

There isn’t one credit card that is better than the rest. The best card for you depends on your lifestyle and regular spending habits. Here’s 3 ways to decide which card is best for you.

Step 1

Identify the type of card that best fits your lifestyle

Firstly, you want to make sure you are benefitting from the things that you spend the most money on. For example, if you spend the most on dining every month, it would make sense to get a card that maximizes the benefits you get from spending all that money eating out.

Step 2

Understand your intentions

It’s important to think about how you intend on using your card benefits. Do you prefer immediate cash rebates? Or would you prefer to collect and redeem Asia miles? Understanding what types of benefits you’d like is a major factor in deciding which card would be better for you.

Step 3

Consider the charges in the Terms and Conditions

Dig deeper into the card details to find one with the best overall value. For example, what is the expiry date for point redemptions? What are the international and domestic transfer fees? What is the required spending before you qualify for the sign-up bonus? These are a few of the important questions to think through as you shop for your new card.

5 Types of Hong Kong Credit Cards

Hong Kong credit cards are from 5 major card issuers. Visa and Mastercard take up most of the market, followed by American Express, UnionPay, and JCB. Visa and Mastercard are card issuers with a long history and are accepted everywhere in the world. On the other hand, American Express can be used in 130+ countries.

UnionPay credit cards are great for spending in China. Many Hong Kong banks have launched UnionPay dual-currency credit cards, such as HSBC UnionPay Dual Currency Credit Card and Standard Chartered UnionPay Dual Currency Platinum Credit Card to benefit frequent travelers to mainland China.

JCB credit cards are perfect for those who travel often to Japan because they offer many discounts on spending in Japan. Currently, only BEA and AEON have launched JCB credit cards in Hong Kong.

What Are the Easiest Credit Cards to Get Approved for?

Low Income Requirement Credit Cards

Many credit cards specify a low minimum income and some cards such as EarnMORE UnionPay Card and WeWa UnionPay Card do not specify a minimum income, which is ideal for housewives/ freelancers or tertiary school students to apply. Submitting your proof of asset increases your chances of getting approved, but you may still get approved without it.

No Annual Fee Credit Cards

A credit card with no annual fee helps cardholders save on card costs and maximise the rewards cardholders earn. Cardholders can enjoy no fees for life or within the promotional period depending on the type of cards you apply.

What Credit Card is Best?

There is no absolute for the best credit card, you should choose credit cards based on your spending habits. Pick credit cards with different spending categories based on your habits to earn the most rewards. For reward point credit cards, you can redeem cash rebates, air miles, coupons, and other gifts, giving you higher flexibility. Air miles credit cards are suitable for frequent flyers who would take the effort to research on collecting miles. Cashback credit cards are suitable for those who don’t spend a lot and want to get rebates directly.

Which is better: Visa or Mastercard credit card?

Visa and Mastercard credit cards are both globally accepted and offer different perks for members in different tiers, the most common types of Visa and Mastercard credit cards include Visa Platinum, Visa Signature, Visa Infinite, Titanium & Platinum Mastercard, World Mastercard and World Elite Mastercard.

Both Visa and Mastercard offer its own network benefits including travel, luxury hotel, dining and more when it comes to foreign spending, Mastercard often offers slightly better exchange rate, but for everyday card users, there is not much difference between Visa and Mastercard. It is suggested to find the right credit card by focusing on each card offer and perks of your choice, and be aware of annual fee, cash back, air miles or rewards that you are looking for.

How many credit cards can I apply for?

There is no absolute limit on the number of credit cards you can have. Having more than one credit card can allow you to get different credit card offers and benefits for different cards, you can also earn various rewards like air miles or cashback on your daily spending.

However, applying for too many credit cards at a time can hurt your credit score and the chances of credit card approval. Even though the damage on credit scores are only temporary, if you are hoping to get a mortgage or personal loan in the coming months, it is best to keep your credit report nice and clean.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance transfer fees

Charged when you move a balance from one card to another, usually 3-4% of the amount.

Late payment fees

If you don’t pay at least the minimum payment on your credit card payment due date, you may incur a late payment fee, usually $80-350 HKD.

Foreign transaction fees

If you love to travel, be cautious of this fee whenever a purchase is made outside of Hong Kong, as it is typically between 3-4% of the purchase amount.

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Credit Card Recommendations

Which cards suit me the most?

There's no best credit card that suits everyone. Let's pick a card based on your spending habits!

Frequently Asked Questions

What is MoneySmart Referral Program?

Successful application through MoneySmart and accumulating eligible transactions of HK$300 or above can get HK$1,600 Apple Gift Card/759 store e-voucher/Beosound Explore Waterproof outdoor speaker (retail value $1,898) and 9,000 Miles (108,000 Points) (Fulfilled by Citibank). Get extra $300 for every friend you refer to apply. The more you refer, the more rewards you get!

Can foreigners apply for credit cards in Hong Kong?

Non-permanent residents can submit credit card application online together with supporting documents which include identity proof (e.g passport), income/ employment proof and address proof for approval.

Which credit card is best in Hong Kong?

There is no single card that suits everyone. Card applicant should pick credit cards with different spending categories to earn the most rewards. For reward point credit cards, cardholders can exchange for cash rebates, air miles, coupons, and other gifts flexibly. Air miles credit cards are suitable for frequent flyers who don’t mind the complicated redemption procedure. Cashback credit cards are suitable for low spenders to get rebates directly.

Do taxis in Hong Kong accept credit cards?

Generally speaking, no. Taxi fare needs to be settled by cash in Hong Kong.

Which credit card has the best foreign exchange rate?

It varies from providers to providers. It is best to check on the card issuer’s website for the exact foreign exchange rate on the day of the transaction. To make your money go further, you should also consider other factors like transaction fees, earning ratio, etc. when choosing which card to use overseas.

Which credit card has no foreign exchange fee?

Most UnionPay Cards do not charge a foreign exchange fee. But it doesn’t mean that it’s best to use UnionPay Cards for foreign transactions. To make your hard-earned money go further, other factors like transaction fees, earning ratio, etc. should also be taken into consideration.

Does Hong Kong take credit cards?

Yes. Visa, Mastercard, Union Pay and American Express credit cards are widely accepted in Hong Kong.

Can I use my credit card in Hong Kong?

Visa and Mastercard can be accepted worldwide but cardholders need to be aware that foreign transactions fee may apply. If cardholders wish to pay in his/ her preferred currency other than the local currency, Dynamic currency conversion (DCC) will be charged in addition to the foreign transaction fee.

What exclusive offers can I enjoy if I apply for credit cards through MoneySmart?

MoneySmart partners with various banks in Hong Kong, such as Citibank and SCB to give exclusive offers. Click now to find the latest offers!