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Thank you for using MoneyHero. If you are looking to check on your reward redemption status, then this is the right place. We have compiled our promotional campaigns and their respective rewards progress so that you can keep track of when you can expect yours.
Please click on the campaign that you participated in, and you will find the corresponding redemption status. Campaigns are sorted chronologically, be sure to match the correct financial institution, reward, and period of the campaign.
The main types of credit cards in Hong Kong are VISA and MasterCard, followed by American Express and JCB.
In order to choose the best credit card, you can consider the popularity and offers of the card types, and also the reputation of banks, class of the credit cards, etc. Many people own several credit cards to meet different needs nowadays. Also, you can consider your spending habits and choose Cash Back Credit Cards, Airmiles Credit Cards, Dining Credit Cards, Online Shopping Credit Cards, Premium Credit Cards, Corporate Credit Cards, Entry Level / Student Credit Cards, UnionPay Credit Cards, or Welcome Offers Credit Cards. You can also make use of MoneyHero comparison pages, and compare latest offers of credit cards.
A Cashback Credit Card allows you to earn a percentage of your spending back by using your card frequently and making repayments on time.
The cashback amount can be credited back to your credit card account or paid to you separately. Some providers may also offer other rewards instead of cash so that you can redeem exclusive gifts at steep discounts. Many banks in Hong Kong such as American Express, DBS, Citibank and HSBC offers generous cashback rewards to attract more customers.
Before you sign up for a Cashback Credit Card, determine which benefits are more important to you. If you're looking for discounts at your favourite store, then a co-branded Credit Card may be the best Cashback Credit Card for you. If you travel often, you might want to look for cards that give you good discounts on overseas spending. MoneyHero makes it easy to compare Cashback Credit Cards and we help you easily find the one that will offer you the best features.
Some Cashback Credit Cards providers require you to spend a minimum amount before you can start earning rewards. Providers may also limit the amount of Cashback rewards you can earn, while others implement caps on how much you can spend for certain categories. It's also common for providers to set an increase in cashback return rates for certain categories within a specified period which are worth taking advantage of.
The best way to maximize cashback points is to choose a card that lets you earn rewards that matter to you. If you're serious about pursuing cashback rewards, you must make sure to fully understand the terms and conditions of your selected credit card. Terms are always subject to change, so it's important to always stay educated on these.
You can earn cash back on the credit card only if you make eligible purchases, while card issuers and even credit cards have different requirements for 'eligible purchases'. Many cash back credit cards only calculate local and overseas retail purchases, but not spending like installment amount, internet banking bill payment service, auto-pay service and Octopus automatic add value service. With the popularity of mobile payment, Apple Pay and Android Pay have been included in some credit cards' "eligible purchases". Please read and fully understand your credit card's terms and conditions to earn more cash back rewards.
The first factor to consider when choosing a cash back credit card is annual fee; while a no-annual-fee credit card may not be the best card, just make sure that the fee should not exceed your cash back rewards.
Furthermore, the card's cash back rewards system is also an important consideration for picking the best credit card, which includes welcome bonus, cash back percentage, redemption policy, cash back limit and minimum spending.
Some banks offer higher cash back rates on certain spending categories or specific shops, such as department stores, supermarkets and travel agencies. You should choose a credit card based on your purchase behavior to earn more cash back.
Earning cash back rewards with credit cards can deduct next time's actual spending, which means you can enjoy shopping "discounts" even when the shop doesn't have a promotion. Some credit cards offer reward points in addition to cash rebates -- which is definitely a double offer!
Generally cash back rates are between 0.4% and 1%, which means you get HK$0.4 to HK$1 on every HK$100 you spend. Some credit cards offer special rates for certain spending categories, like dining and overseas spending, which you earn cash back as much as 4%.
In addition to looking at the cash back plans and annual fees, you should always keep in mind that most of the cash back credit cards have welcome offer promotions, which you can earn extra cash back once you have spent designated amount within a certain period of time. You are suggested to choose your credit cards according to your personal spending preference.
Also, cash back credit cards for overseas spending may charge a foreign currency handling fee, which lowers the cash back rate, so we suggest that you should check if these fees apply before applying for the credit cards.
Apart from comparing the offers and rewards, you also need to look at the cash back rates, annual fees, interest rates, penalty charges and terms and conditions of the credit cards. With an advanced credit card comparison tool like MoneyHero, this task has been made much easier for consumers like you. With just a few clicks of a button, you can easily compare different credit cards in Hong Kong and see which one is most suitable for your needs.