Compare Credit Cards in Hong Kong

Not sure which credit cards to get in 2020? MoneySmart lets you compare and choose the most popular credit cards in Hong Kong with ease and confidence.

Our Best Picks

From nice welcome offers to generous rewards, get started by reviewing a few cards that stand out to us.

HK$250 Voucher!

Standard Chartered Asia Miles Mastercard


Min. Annual Salary


Cash back on local spend

HK$4 = 1 Mile

Miles Conversion (local spend)

MoneySmart Exclusive: HK$250 Supermarket VouchersValid till 31 Jan 2020.
  • 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 Jan 2020.

Key Features

  • HK$4 = 1 Asia Mile for eligible spending on dining, online and overseas category
  • HK$6 = 1 Asia Mile for eligible spending on other categories
  • Enjoy HK$1 = 1 Asia Mile on Mondays with any of the Asia Miles partner restaurants
  • Octopus auto add value service can earn HK$6 = 1 Miles

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


Card AssociationMastercard
Wireless PaymentMastercard contactless

HK$200 Voucher!

American Express Cathay Pacific Elite Credit Card


Min. Annual Salary


Cash back on local spend

$6 = 1 Mile

Miles Conversion (local spend)

MoneySmart Exclusive: HK$200 Voucher!Valid till 31 Jan 2020.
  • Welcome offers up to 76,000 Asia Miles
MoneySmart Exclusive: HK$200 Voucher!Valid till 31 Jan 2020.

Key Features

  • HK$6 = 1 Mile on local spending
  • HK$6 = 1.5 Mile on foreign currency spending
  • HK$6 = 2 Miles on Cathay Pacific flight booking
  • Covert your spend into Asia Miles automatically with no handling fee
  • Enjoy 10% discount on purchase of Asia Miles Gift Miles, Mileage Renewal and Transfer Fee

Annual Interest Rate and Fees

Annual Interest Rate37.67%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment The Minimum Payment is calculated as the highest of the following three amounts: (i) 1.5% of outstanding Principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220 , plus any overdue minimum payments and any amount exceeding your credit limit
Interest Free Period

Minimum Income Requirements

Local ResidentHK$300,000


Card AssociationAmerican Express
Wireless PaymentAmex Pay

HK$500 Voucher!

Citi Cash Back Visa Card


Min. Annual Salary


Cash back on local spend


Miles Conversion (local spend)

MoneySmart Exclusive: HK$500 Voucher!Valid till 31 Jan 2020.
  • Welcome offer up to HK$1,000 cash rebate Or Afternoon tea set for two persons at Mandarin Oriental, Hong Kong Or HK$800 Wellcome Coupons Or HK$700 Sogo Gift Certificate
  • +1 more
MoneySmart Exclusive: HK$500 Voucher!Valid till 31 Jan 2020.

Other Promotions

  • Enjoy an exclusive surprise of up to HK$4,450 rewards at ifc mall

Key Features

  • Cashback on local spending: 1% base rebate; 2% on global hotels and restaurants
  • Cashback on overseas spending: 2%
  • Visa signature privileges

Annual Interest Rate and Fees

Annual Interest Rate35.52%
Principle Annual FeeHK$1,800
Supplementary Annual FeeN/A
Fee WaiverYes
Minimum Monthly Repayment1.5% of monthly balance + fees
Interest Free PeriodUp to 58 days

Minimum Income Requirements

Local ResidentHK$240,000


Card AssociationVisa
Wireless PaymentVisa payWave
See more cards →

HK Credit Card Offers

HSBC Credit Cards

HSBC cards feature an attractive rewards program- the Red Hot Rewards. This program allows all cardholders to collect reward points for eligible transactions with the earning ration of HK$250 = 1 RewardCash, which can be converted into shopping coupons, air miles or cash rebates.

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.

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.

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 HK$80-350.
  • 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.

Frequently Asked Questions

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.

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.