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Best Cash Back Credit Cards in Hong Kong 2024

A cash back credit card is a type of card that offers the benefit of earning cash back on your eligible purchases, hence it is a great option for those who prefer to earn tangible rewards and save money on everyday purchases.

If you want to maximise your cash back rewards and earn other perks, explore MoneyHero’s cash back credit card comparison page now and earn money on every dollar spent! 

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SPONSORED
Hang Seng MMPOWER World Mastercard®

Hang Seng MMPOWER World Mastercard®

Cashback Overseas
6  %
info
Cashback Local
5  %
info
Cashback Local Online Shopping
5  %
info
Annual Fee Waiver
Perpetual

4 Offers Available

MoneyHero Exclusive Offer (New to Bank Customer)
New to Card Customer : Nintendo Switch (OLED model)(valued at HK$2,680;random color)
New to Card Customer : Nintendo Switch (OLED model)(valued at HK$2,680;random color)

+ 4 other gift options

Valid until

15 April 2024

MoneyHero Exclusive Offer (Existing Customer)
Existing Credit Card customer : BRUNO BAK801 Instant Hot Water Dispenser (Valued at HK$998)
Existing Credit Card customer : BRUNO BAK801 Instant Hot Water Dispenser (Valued at HK$998)

+ 3 other gift options

Valid until

15 April 2024

Welcome Offer - Up to $700 +FUN Dollars
New Customer:$700 +FUN Dollars
New Customer:$700 +FUN Dollars

+ 1 other gift options

Valid until

30 June 2024

Enjoy extra $100 +FUN Dollars
Extra $100 +FUN Dollars
Extra $100 +FUN Dollars

Valid until

15 April 2024

Things to consider for this product:

check

Local spending rebate

check

Online Spending

check

Overseas rebate

check

No Annual Fee

SPONSORED
Standard Chartered Smart Credit Card

Standard Chartered Smart Credit Card

Cashback Local
5  %
info
Foreign Currency Transaction Fee
1.95  %
Interest on installment plans
0  %
info
Annual Fee Waiver
Perpetual Annual Fee Waiver

2 Offers Available

MoneyHero Exclusive Offer
HK$1,200 Apple Store Gift Card
HK$1,200 Apple Store Gift Card

+ 2 other gift options

Valid until

30 April 2024

Welcome Offer
HK$1,200 Cash Rebate
HK$1,200 Cash Rebate

+ 1 other gift options

Valid until

03 July 2024

Things to consider for this product:

check

Installment

check

No foreign txn fee

check

Local spending rebate

check

Annual Fee waiver

SPONSORED
PrimeCredit WeWa UnionPay Diamond Card

PrimeCredit WeWa UnionPay Diamond Card

Cashback Overseas
4  %
info
Cashback Local
4  %
info
Foreign Currency Transaction Fee
Waived

5 Offers Available

MonyHero Exclusive Offer (New Customer)
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate

+ 1 other gift options

Valid until

30 April 2024

MonyHero Exclusive Offer (Existing Customer)
Existing Customer: HK$400 Apple Store Gift Card (Not able to enjoy PrimeCredit Welcome Offer)
Existing Customer: HK$400 Apple Store Gift Card (Not able to enjoy PrimeCredit Welcome Offer)

+ 1 other gift options

Valid until

30 April 2024

Welcome Offer
<2024 New Model> Delsey S-Series 30 inch Front Loader Expandable Suitcase
<2024 New Model> Delsey S-Series 30 inch Front Loader Expandable Suitcase

+ 4 other gift options

Valid until

31 August 2024

WeWa Card Mobile Payment Offer
Apple Pay up to 6% Cash Rebate
Apple Pay up to 6% Cash Rebate

Valid until

31 December 2024

Sam's Club X PrimeCredit Offer
RMB$100 Instant Discount
RMB$100 Instant Discount

Valid until

22 May 2024

Things to consider for this product:

check

Travel agency offer

check

Foreign txn rebate

check

Cinema ticketing

check

Installment

PrimeCredit EarnMORE UnionPay Diamond Card

PrimeCredit EarnMORE UnionPay Diamond Card

Interest on installment plans
0  %
info
Cashback Overseas
2  %
info
Cashback Local Online Shopping
2  %
info
Cashback Local
2  %
info

4 Offers Available

MonyHero Exclusive Offer (New Customer)
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate

+ 1 other gift options

Valid until

30 April 2024

MonyHero Exclusive Offer (Existing Customer)
Existing Customer: HK$400 Apple Store Gift Card (Not able to enjoy PrimeCredit Welcome Offer)
Existing Customer: HK$400 Apple Store Gift Card (Not able to enjoy PrimeCredit Welcome Offer)

+ 1 other gift options

Valid until

30 April 2024

Welcome Offer
OTO Vanda 2.0 (VN-05)
OTO Vanda 2.0 (VN-05)

+ 4 other gift options

Valid until

31 December 2024

Sam's Club X PrimeCredit Offer
RMB$100 Instant Discount
RMB$100 Instant Discount

Valid until

22 May 2024

Things to consider for this product:

check

Foreign txn rebate

check

Travel agency offer

check

Installment

check

No foreign txn fee

PrimeCredit WeWa UnionPay Diamond Card

PrimeCredit WeWa UnionPay Diamond Card

Cashback Contactless Spend
6  %
Cashback Local
4  %
info
Cashback Overseas
4  %
info
Foreign Currency Transaction Fee
Waived

5 Offers Available

MonyHero Exclusive Offer (New Customer)
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate

+ 1 other gift options

Valid until

30 April 2024

MonyHero Exclusive Offer (Existing Customer)
Existing Customer: HK$400 Apple Store Gift Card (Not able to enjoy PrimeCredit Welcome Offer)
Existing Customer: HK$400 Apple Store Gift Card (Not able to enjoy PrimeCredit Welcome Offer)

+ 1 other gift options

Valid until

30 April 2024

Welcome Offer
<2024 New Model> Delsey S-Series 30 inch Front Loader Expandable Suitcase
<2024 New Model> Delsey S-Series 30 inch Front Loader Expandable Suitcase

+ 4 other gift options

Valid until

31 August 2024

WeWa Card Mobile Payment Offer
Apple Pay up to 6% Cash Rebate
Apple Pay up to 6% Cash Rebate

Valid until

31 December 2024

Sam's Club X PrimeCredit Offer
RMB$100 Instant Discount
RMB$100 Instant Discount

Valid until

22 May 2024

Things to consider for this product:

check

Travel agency offer

check

Foreign txn rebate

check

Cinema ticketing

check

Installment

HSBC Visa Signature Card

HSBC Visa Signature Card

Cashback Dining
3.6  %
info
Annual Fee Waiver
First 2 years
Cashback Local
3.6  %
info
Cashback Overseas
3.6  %
info

3 Offers Available

HSBC Welcome Offer
$800 RewardCash
$800 RewardCash

+ 1 other gift options

Valid until

28 February 2025

Time-limited offer
$300 RewardCash
Extra $300 RewardCash

Valid until

30 April 2024

Extra RewardCash for Cash instalment plan
$200 RewardCash
$200 RewardCash

Valid until

31 July 2024

Things to consider for this product:

check

Overseas rebate

check

Dining rebate

check

Cinema ticketing

check

Dining discount

Q Credit Card

Q Credit Card

Cashback Local
5  %
info
Annual Fee Waiver
Perpetual Annual Fee Waiver
Foreign Currency Transaction Fee
1.95  %

5 Offers Available

Moneyhero Exclusive Offer
HK$100 HKTVmall e-Gift Voucher
HK$100 HKTVmall e-Gift Voucher

Valid until

30 April 2024

Welcome Offer - HK$1,000 AlipayHK Coupons
HK$1,000 AlipayHK Coupons
HK$1,000 AlipayHK Coupons

Valid until

30 June 2024

Welcome Offer - Foreign currency spending:5% CashBack
Foreign currency spending:5% CashBack
Foreign currency spending:5% CashBack

Valid until

30 April 2024

Welcome Offer - Selective Merchant 5% CashBack
Selective Merchant 5% CashBack
Selective Merchant 5% CashBack

Valid until

30 April 2024

Welcome Offer - 1% CashBack
1% CashBack
1% CashBack

Valid until

30 April 2024

Things to consider for this product:

check

Installment

check

No foreign txn fee

check

Local spending rebate

check

Annual Fee waiver

Dah Sing ONE+ Credit Card

Dah Sing ONE+ Credit Card

Cashback Oversea
1  %
info
Cashback Local
1  %
info
Cashback Octopus Top Up Spending
0.5  %
info
Annual Fee
HK$ 1,800
info

2 Offers Available

MoneyHero Exclusive Offer
HK$400 Apple Store Gift Card
HK$400 Apple Store Gift Card

+ 1 other gift options

Valid until

30 April 2024

Welcome Offer - HK$500 Cash Rebate
HK$500 Cash Rebate
HK$500 Cash Rebate

Valid until

30 June 2024

Things to consider for this product:

check

Overseas rebate

check

Online Spending

check

Local spending rebate

check

First 2 year annual fee waiver

Financial insights at your fingertips

Explore new ways to earn, save, and grow your money for short and long-term goals. Browse the latest analyses, tips and hacks from the MoneyHero team so you can get the most from your dollars!

Comparison Of The Best Cash Back Credit Cards In Hong Kong

 

Cash back credit cards in Hong Kong offer different rates for different types of spending. You may benefit more with certain credit cards for daily shopping, other cards may reward you more for eating out or spending overseas when travelling. Depending on your spending habits, some cards may be better than others. Discover which cash back credit card is best for you and maximise your rewards!

Credit cards with the highest cash back for supermarket spending

Credit cards that focus on supermarket spending rewards may help you earn additional money back on your grocery shopping. For example, Mox Credit can earn 3% unlimited cash back at major supermarkets in Hong Kong like HKTVmall, PARKnSHOP, Wellcome, and City'super. The Standard Chartered Smart Card can earn 5% cash back on designated shops such as HKTVmall and PARKnSHOP, while the ​​​​Hang Seng enJoy Card offers an 8% discount on Wellcome and Market Place by Jasons purchases over HK$100 on the 3rd, 13th, and 23rd of each month.

Credit cards with the highest cash rewards for dining

Dining credit cards provide various benefits and rewards for dining enthusiasts, allowing you to earn cash back or other incentives while enjoying your favourite meals. You can enjoy up to 6% cash back on dining expenses with the CNCBI Motion Credit Card. You can also consider the DBS Eminent Visa Signature Card which offers a 5% cash back on dining. 

Credit cards with the highest cash rewards for travelling and overseas spending

To earn the highest cash rewards while travelling and shopping internationally, there are several excellent credit card options available. The Hang Seng MMPOWER World Mastercard offers a 6% + FUN Dollars rebate on overseas spending upon meeting accumulative monthly eligible retail spending of HK$5,000. Another option is the CNCBI Motion Credit Card, which provides a year-round 6% cash rebate on JPY/EUR/GBP foreign exchange transactions of HK$20,000 or more.  

Credit cards with the highest cash back for online spending

When indulging in online purchases, credit cards with a high online shopping rebate can enhance your savings on local and online transactions. The CNCBI Motion Credit Card and AEON CARD WAKU WAKU offer an impressive 6% cash back rate specifically for online purchases. Alternatively, the DBS Live Fresh Card provides a 5.4% cash back rate exclusively for local online spending. Other options include the Hang Seng MMPOWER World Mastercard with its offer of a 5% rebate with +FUN dollars, and the HSBC Red Credit Card provides a solid 4% cash back rate. 

Cash Back Credit Cards Information You Need To Know

No worries, we've got you covered!

What is a cash back credit card and how do they work?

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A cash back credit card allows you to earn a percentage of your spending back by using your card frequently and making repayments on time.

The cash back amount can be credited back to your credit card account or paid to you separately. Additionally, some providers offer steep discounts for redeeming exclusive gifts. Many banks in Hong Kong, such as American Express, DBS, Citibank and HSBC offer generous cash back rewards to attract more customers

Before you sign up for a cash back 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 cash back credit card for you. If you travel often, you might want to look for cards that give you good rebates on overseas spending. MoneyHero makes it easy to compare cash back credit cards, and we can help you choose one that best fits your financial goals

You should also know that certain cash back credit card companies may have a minimum spending requirement for you to start earning rewards. Additionally, these companies may have limits on the amount of cash back rewards you can earn, and may also set a spending limit for certain categories. It is also common for banks to offer higher cash back return rates for certain categories during a specific period, which can be lucrative to take advantage of.

What is the best way to earn cash back?

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To make the most out of cash back points, choose a credit card that lets you earn high cash back rates on your favourite spending categories, such as online shopping or overseas spending. Remember to thoroughly understand the terms and conditions of your chosen credit card, and keep in mind that these terms may change, so it is essential to stay informed about any updates.

How is cash back calculated?

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Depending on the programme, cash back for credit cards is calculated differently according to the type of purchase, ranging from basic cash back programmes, bonus cash back schemes and introductory offers. 

Basic cash back programmes offer a consistent and ongoing cash back rate on all eligible purchases made with the card, regardless of the category. This type of cash back is straightforward and provides a steady stream of rewards for cardholders.

However, some credit cards offer bonus cash back in specific spending categories. These categories may include groceries, dining, travel, or online shopping. In these cases, the cash back rate for these purchases is noticeably higher and cardholders can maximise their rewards by using specific cards for different categories.

Credit card issuers often provide attractive introductory offers to entice new cardholders. These offers can include a higher cash back rate for an initial period, such as an increased cash back rate on all purchases for the first several months. Introductory offers can also include sign-up bonuses where cardholders can earn a lump sum of cash back after meeting certain spending requirements within a specified timeframe.

How to choose the best cash back credit card?

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The best cash back credit card for someone else may not be the best card for you, as everyone’s spending habits are different. Some may use their credit card for mainly overseas travelling, while others prefer local payments.

In addition to your spending habits, there are several factors to consider, such as annual fees, rewards system, cash back rates as well as terms & conditions. 

The first factor to consider when choosing a cash back credit card is the annual fee; while a credit card with HK$0 annual fee may not always be the best option, you should be mindful of the annual fee exceeding the potential cash back rewards you could earn too.

Furthermore, the card's cash back rewards system is also an important consideration for picking the best credit card, which includes a 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 behaviour to earn more cash back.

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.

What is the difference between cash back and cash rebate?

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While both are very similar, cash back is a percentage-based refund on qualified purchases, whereas cash rebates are refunds with a fixed amount once spending conditions are met. In addition, cash back is automatically used to offset the cardholder’s bill in future months, whereas cash rebates can be held in the account until the cardholder chooses to redeem it. 

What are common reward programmes in Hong Kong?

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"yuu Rewards" is one of the most well-known cash back reward programmes. The digital rewards platform partners with various banks and credit card issuers in Hong Kong. By linking their eligible credit cards to the yuu App, cardholders can earn yuu Points or cash back on their spending, which can be redeemed for a variety of rewards including discounts at selected supermarkets.

"ParkNShop MoneyBack" is another popular reward programme with its own unique benefits. Linking it with various credit cards unlocks even more rewards and exclusive shopping deals. Points you earn can be used like cash to save on purchases at participating merchants, redeemed for free products, or even transferred to mileage programmes.

HSBC offers a cash back programme called "RewardCash" to its credit cardholders. With eligible transactions, cardholders can earn RewardCash, which can be used to offset future purchases or redeem vouchers, air miles, or other rewards.

For those who have a credit card from Heng Seng Bank, take advantage of their “+FUN Dollars” programme where cardholders can earn +FUN Dollars on eligible spending. These +FUN Dollars (Cash Dollars) can be redeemed for cash rebates or used for various rewards.

Who can apply for cash back credit cards?

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The qualifications for applying for a cash back credit card may vary depending on the specific credit card and issuer. The general prerequisites to apply for cash back credit cards are having a good credit scores, a steady source of income, and a low debt-to-income ratio. Some credit cards may also have a minimum income requirement.

What are the advantages of using a cash back credit card?

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By using cash back credit cards, you can essentially deduct the amount you pay for your next card purchase, effectively enjoying shopping "discounts" even when there are no active promotions. Certain credit cards, such as the Hang Seng enJoy Platinum Card, allow cardholders to enjoy exclusive shopping offers and rewards.

What is the usual cash back rate?

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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%-10%.

How are cash back reward limits determined?

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Cash back rewards are not limitless, and these caps differ from each credit card. While the maximum amount of rewards will be stated in the terms and conditions as a percentage or a fixed amount, there are other considerations in terms of cash back rewards.

One such consideration is the category of spending. Credit cards often offer different cash back rates and also reward limits for different spending categories such as dining, groceries, or travelling.

Some credit cards may opt for a tiered structure, where rewards and rates depend on the amount spent in a billing cycle. As a result, some cards may offer higher rates of return for increased spending. 

Certain credit cards also have a maximum amount set based on merchant eligibility. Purchases made at these select merchants may have a higher reward limit compared to merchants who are not listed in the terms and conditions. 

What purchases are eligible for cash back rewards?

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Cash back points and rewards can be earned by making "eligible purchases'', though this term’s definition may vary depending on the credit card issuer and specific credit cards. For instance, some credit cards may only consider local purchases as eligible, while others may also include overseas retail purchases. 

Typically, certain types of spending such as instalments, bill payments, and autopay services are not considered eligible for earning Cash Back points. It is important to refer to the terms and conditions of your specific credit card to see a complete list of eligible purchases. 

Confused about credit card terms?

Glossary terms to know for first-time credit card users 

Air milesCashbackCredit scoreMinimum paymentAnnual feeReward Redemption Status (Promotional Campaigns)