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!
New to Card Customer : Nintendo Switch (OLED model)(valued at HK$2,680;random color)
+ 5 other gift options
Valid until
02 April 2024
MoneyHero Exclusive Offer (Existing Customer)
Existing Credit Card customer : BRUNO BAK801 Instant Hot Water Dispenser (Valued at HK$998)
+ 3 other gift options
Valid until
02 April 2024
Welcome Offer - Up to $700 +FUN Dollars
New Customer:$700 +FUN Dollars
+ 1 other gift options
Valid until
30 June 2024
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Things to consider for this product:
check
Local spending rebate
check
Online Spending
check
Overseas rebate
check
No Annual Fee
MoneyHero Exclusive Offer (New to Bank Customer)
Gift Options
New to Card Customer : Nintendo Switch (OLED model)(valued at HK$2,680;random color); or
New to Card Customer : Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour) ; or
New to Card Customer : Marshall Acton III Bluetooth Speaker (valued at HK$2,499;random color); or
New to Card Customer : AirPods Pro 2 (Valued at HK$1,849); or
New to Card Customer : HK$1,500 Apple Store Gift Card ; or
New to Card Customer : HK$1,500 Wellcome Shopping Voucher
From now till 2 April 2024
New Hang Seng Credit Card cardholders* who successfully apply for Hang Seng MMPOWER WorldMastercard® via MoneyHero and spent HK1,000 within 30 calendar days after approval are entitled to Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour) / Nintendo Switch (OLED model) / Marshall Acton III Bluetooth Speaker(valued at HK$2,499;random color)/ AirPod Pro 2(valued at HK$1,849)/ HK$1,500 Apple store gift card / Wellcome shopping voucher.
Existing Hang Seng Credit Card cardholders who successfully apply for Hang Seng MMPOWER WorldMastercard® via MoneyHero and spent HK$500 within 30 calendar days after approval are entitled to BRUNO BAK801 Instant Hot Water Dispenser (valued at HK$998) / Marshall Willen Wireless Portable Speaker(valued at HK$999) / HK$700 Apple store gift card / Wellcome shopping voucher.
Important dates :
On or before 30 April 2024: The card must be approved by Hang Seng.
New Credit Card customers* - Spent HK$1,000 within 30 calendar days after approval.
Existing Credit Card customer - Spent HK$500 within 30 calendar days after approval.
How to redeem Moneyhero Exclusive Offer?
Apply the card via designated link and DO NOT login eBanking.
Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
Within 7 days of receiving the form, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with Hang Seng.
*New Credit Card Customers refer to applicants who are not currently holding and have never held the Principal Card of any Hang Seng Credit Card / Affinity Card / Spending Card during the 12 months immediately preceding the date of application.
MoneyHero Exclusive Offer (Existing Customer)
Gift Options
Existing Credit Card customer : BRUNO BAK801 Instant Hot Water Dispenser (Valued at HK$998) ; or
Existing Credit Card customer : Marshall Willen Wireless Portable Speaker(valued at HK$999) ; or
Existing Credit Card customer : HK$700 Apple Store Gift Card ; or
New Credit Card cardholders* who successfully apply for Hang Seng MMPOWER WorldMastercard® via MoneyHero and spent HK1,000 within 30 calendar days after approval are entitled to Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour) / Nintendo Switch (OLED model) / Marshall Acton III Bluetooth Speaker(valued at HK$2,499;random color)/ AirPod Pro 2(valued at HK$1,849)/ HK$1,500 Apple store gift card / Wellcome shopping voucher.
Existing Credit Card cardholders who successfully apply for Hang Seng MMPOWER WorldMastercard®/enJoy Card via MoneyHero and spent HK$500 within 30 calendar days after approval are entitled to BRUNO BAK801 Instant Hot Water Dispenser (valued at HK$998) / Marshall Willen Wireless Portable Speaker(valued at HK$999) / HK$700 Apple store gift card / Wellcome shopping voucher.
Important dates :
On or before 30 April 2024: The card must be approved by Hang Seng.
New Credit Card customers* - Spent HK$1,000 within 30 calendar days after approval.
Existing Credit Card customer - Spent HK$500 within 30 calendar days after approval.
How to redeem Moneyhero Exclusive Offer?
Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
Within 7 days of receiving the form, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with Hang Seng.
Tips:
Apply the card via designated link and DO NOT login eBanking.
*“Existing Credit Card Customers” who are currently holding and/or have ever held the Principal Card of any personal credit card/affinity card/co-branded card (excluding spending card and private label card) issued by Hang Seng during the 12 months immediately preceding the date of application.
Welcome Offer - Up to $700 +FUN Dollars
Gift Options
New Customer:$700 +FUN Dollars; or
Existing Customer:$300 +FUN Dollars
Successfully apply Hase Seng MMPOWER World Mastercard, and make HK$5,000 eligible spending within 60 days, can enjoy the following welcome offer:
New Customers: $700 +FUN Dollars
Existing Customers: $300 +FUN Dollars
Full-Time Student who has accumulated spending of HK$2,000 or above within the first 60 days from the date of card issuance is entitled to get $300 +FUN Dollars
Open with a Preferred Banking Account to get extra $100 +FUN Dollars
From 1 January 2024 to 30 June 2024 (both dates inclusive), customers who register via hangseng.com/mpower and accumulates monthly eligible spending of HK$5,000 or above can enjoy below spending rebates:
Selected spending categories 1% +FUN Dollars (Select 2 out of 3: Dining (dine-in and takeaway at restaurant outlets; fast food not included), Electronics, Entertainment (video and music streaming platforms, local cinemas in Hong Kong, local theme parks, Cityline ticket spendings and more)
Rebates for Overseas Spending, Online Retail Spending and Self-Selected Categories Spending mentioned above have included basic 0.4% +FUN Dollars on Hang Seng Credit Card (HKD250 retail spending can earn $1 +FUN Dollar) and extra rebate. During the Promotion Period, customers can enjoy up to extra $500 +FUN Dollars in total per month
Terms and conditions apply. Please visit hangseng.com/mpower for details, terms and conditions of 2024 MMPOWER World Mastercard +FUN Dollars Rewards.
World Mastercard Privileges
Personal concierge services: Arrange a personal, dedicated meet-and-greet agent to escort you through the airport on departure, arrival or any connecting flights.
If the customer has held a Hang Seng MMPOWER World Mastercard® as the primary cardholder within the 12 months prior to the application date, they will not be eligible for any additional welcome rewards on this platform. If a customer who has received the offers cancels the relevant credit card account within 13 months from the date of account opening, a handling fee of an equivalent amount will be charged.
+FUN Dollars reward will be credited to the relevant credit card account of the Principal Card customers within 3 months upon fulfillment of the spending requirement(s). The relevant credit card account must be still valid and in good standing when +FUN Dollars are credited
+FUN Dollars accumulated from the last Credit Card annual renewal month to the next annual renewal month will be valid up to 24 months.
MoneyHero may not present bank’s full version of marketing materials but extract some conditions only, to avoid any complaint from customers, below sample disclaimer is suggested. We may edit it if there’s word number limitation.
To borrow or not to borrow? Borrow only if you can repay!
Late repayment fee: HK$ 300
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: $ 150000
SPONSORED
CNCBI Motion Credit Card
Cashback Overseas
10 %
info
Enjoy 10% overseas cash rebate as welcome offer
Cashback Dining
6 %
info
Year round 6% cash rebate on dining (maximum of HK$200 extra cash rebate in each month.)
Cashback Local Online Shopping
6 %
info
Year round 6% cash rebate on online transactions (maximum of HK$200 extra cash rebate in each month.)
Cashback Overseas Online Shopping
6 %
info
Year round 6% cash rebate on online transactions (maximum of HK$200 extra cash rebate in each month.)
2 Offers Available
MoneyHero Exclusive Offer
Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour)
+ 5 other gift options
Valid until
02 April 2024
Welcome Offer
10% Cash Rebate on spending in foreign currencies
+ 1 other gift options
Valid until
02 April 2024
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Things to consider for this product:
check
Dining rebate
check
Online shopping rebate
check
No foreign txn fee
check
Annual Fee waiver
MoneyHero Exclusive Offer
Gift Options
Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour); or
Marshall Acton III Bluetooth Speaker (valued at HK$2,499;random color); or
Philips RO Water Dispenser ADD6901/90 (valued at HK$1,998); or
Philips Sonicare ProtectiveClean 6100 Sonic electric toothbrush (valued at HK$1,688; random color); or
HK$1,000 Apple Store Gift Card; or
HK$1,000 Wellcome Shopping Voucher
MoneyHero Exclusive Offer
New CNCBI Credit Card Customers get rewarded with Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280; random color) / Marshall Acton III Bluetooth Speaker (valued at HK$2,499; random color) / Philips RO Water Dispenser ADD6901/90 (valued at HK$1,998) / Philips Sonicare ProtectiveClean 6100 Sonic electric toothbrush (valued at HK$1,688; random color) / HK$1,000 Apple Gift Card or Wellcome Shopping Voucher
Requirements
4 March 2024 12 n.n. till 2 April 2024 6 p.m.: Successfully apply for the designated CNCBI Credit Card(s) and submitted redemption form via MoneyHero
On or before 31 May 2024: The card must be approved by CNCBI.
Within 7 days of receiving the form: Submit the reward redemption form sent via email previously.
Upload all required documents, including ID card, income and address proof, when you apply for the card to facilitate the approval process. Don't forget to note down your application reference number. It can be used for checking your application status and claiming MoneyHero exclusive offer.
Designated card(s) include CNCBI Motion Credit Card and CNCBI GBA Dual Currency Credit Card.
New card holders should be new customer who did not hold any CNCBI credit card in the past 12 months.
Not applicable to any credit card applicant who currently holds or held any other CNCBI Credit Cards issued by the Bank in the 12-month immediately preceding the relevant application for the credit card (excluding supplementary cardmember).
Please submit the reward redemption form sent via email previously within 7 days of receiving the form.
If you have concerns regarding the redemption process, please refer to the Terms and Conditions.
Welcome Offer
Gift Options
10% Cash Rebate on spending in foreign currencies; or
HK$600 Cash Reward
10% Cash Rebate on spending in foreign currencies (Up to HK$1,000 Cash Rebate) within first 3 months starting from the card issuance month; or
HK$600 Cash Rebate upon accumulated eligible spending of HK$6,000 in the first 2 months starting from the card issuance month
Welcome Offer and MoneyHero Exclusive Offer are not applicable to any Cardmember who currently holds or have cancelled any CNCBI credit cards (excluding supplementary Cardmember) issued by the Bank in the 12-month immediately preceding the relevant application for the credit card.
Year round 6% cash rebate on online and dining transactions from 1 January 2024 till 31 December 2024 (maximum of HK$200 extra cash rebate in each month.)
Terms and conditions apply. For more details, please visit https://www.cncbinternational.com/personal/promotions/credit-card/en/tc.html.
Reminder: To borrow or not to borrow? Borrow only if you can repay!
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: HK$ 96000
SPONSORED
Standard Chartered Smart Credit Card
Cashback Local
5 %
info
5% CashBack on designated stores, HKTVmall, PARKnSHOP and other designated stores spending.
Foreign Currency Transaction Fee
1.95 %
Interest on installment plans
0 %
info
3-months unlimited interest-free instalment
Annual Fee Waiver
Perpetual Annual Fee Waiver
3 Offers Available
MoneyHero Exclusive Offer
HK$1,200 Apple Store Gift Card
+ 3 other gift options
Valid until
02 April 2024
Welcome Offer
HK$1,200 Cash Rebate
+ 1 other gift options
Valid until
03 April 2024
MoneyHero x Deliveroo
6 Months Deliveroo Plus Silver Member + Deliveroo HK$80 Coupon
Valid until
02 April 2024
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Things to consider for this product:
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Installment
check
No foreign txn fee
check
Local spending rebate
check
Annual Fee waiver
MoneyHero Exclusive Offer
Gift Options
HK$1,200 Apple Store Gift Card; or
HK$1,200 Deliveroo Cash Vouchers; or
HK$1,200 Trip.com e-Voucher; or
HK$1,200 Wellcome Shopping Voucher
New Standard Chartered Credit Card Customers get rewarded with HK$1,200 Apple Store Gift Card OR HK$1,200 Deliveroo Cash Vouchers OR HK$1,200 Trip.com e-Voucher or HK$1,200 Wellcome Shopping Voucher by fulfilling the following requirements:
From 29 February 2024 12 noon to 2 April 2024 6 p.m. New Standard Chartered Credit Card Customers who successfully apply for Standard Chartered Smart Credit Card via MoneyHero
Within 7 days of receiving the form: Submit the reward redemption form sent via email previously.
On or before 30 April 2024: The card must be approved by Standard Chartered, subject to the Bank’s system records.
Within 7 days of receiving approval: Submit (1) the name of the Designated Card applied for, (2) their application date, and (3) screen capture of the approval SMS or Email notification to support@moneyhero.com.hk, which will be used by MoneyHero to verify reward eligibility.
Tips:
Please submit the reward redemption form sent via email previously within 7 days of receiving the form.
Have your mobile phone and HKID ready before application! You are advised to upload all required documents when you apply for the card to facilitate the approval process. Don't forget to note down your application reference number. It can be used for checking your application status and claiming MoneyHero exclusive offer.
MoneyHero Limited-Time Exclusive Offer is provided by MoneyHero, Standard Chartered Bank has no relation with its redemption, usage and dispute.
From now till 3 April 2024, new Cardholders have accumulated Eligible Transactions of HK$4,000 or above with the newly approved Smart Card within the first month from the date of issuance:
HK$1,200 OR
Two Lounge Pass to Plaza Premium First Hong Kong
The CashBack from Welcome Offer will be credited within 4 months after card issuance
MoneyHero x Deliveroo
Gift Options
6 Months Deliveroo Plus Silver Member + Deliveroo HK$80 Coupon
Apply mow and enjoy 6 months Deliveroo Plus Silver Membership and HK$80 Deliveroo Coupon no matter the approval result
3-months unlimited interest-free instalment plan - you can have more flexibility based on your personal financial situation.
Upon successfully apply for a credit card statement instalment plan with a tenor of 3 months through SC Mobile App or online and the Bank approving such application, the Cardholder will be entitled to interest and handling fee-free period for the first 3-months of the Credit Card Statement Instalment Plan.
Note: Standard Chartered will reverse HK$1 CashBack on the「360° Rewards」Redemption Platform for every HK$180 instalment amount applied. For spending amounts that are not eligible to earn CashBack, Standard Chartered will also reverse HK$1 CashBack for every HK$180 instalment amount applied. Where there is insufficient CashBack balance on the「360° Rewards」Redemption Platform for deduction, a negative balance will be displayed.
5% CashBack at PARKnSHOP
Year round offers: 5% CashBack at designated merchants like HKTVmall and Klook and more
Enjoy 5% CashBack on selected merchants and streaming platforms (HK$1 CashBack for every HK$20 spent).
From 2023 onwards, JHC will be added as a designated merchant
Other designated merchants include 759 Store, Circle K Convenience Store, Klook, SaSa, Watsons, Decathlon, China Mobile Hong Kong (from 9 June 2023 onwards) and Deliveroo (from 1 April 2023 onwards) etc.
Major online video and music streaming platforms include Amazon Prime Video, Disney+, Netflix, Now TV, JOOX, KKBOX, MOOV, Spotify.
No minimum spending requirement.
The cap of 5% CashBack earned within the promotion period is HK$3,000. (You will reach the cap when you spend HK$60,000 at selected merchants.)
Other retail transactions (including online transactions and interest-free monthly instalment), Octopus Automatic Add-Value transactions and PayMe top-up transactions are entitled to 0.55% CashBack.
Agoda Promotion: Standard Chartered Credit Card Customers enjoy up to 7% off on global hotels bookings
Perpetual annual fee waiver
No foreign transaction fee
No matter you pay in Hong Kong dollars or foreign currencies when you shop online or overseas, reimbursement charge is waived.
No cash advance fees
Welcome Offer and MoneyHero Exclusive Offer are only applicable to applicants who do not currently hold and have not cancelled any Standard Chartered Credit Card in the past 6 months.
New Cardholders are applicants who do not currently hold and have not cancelled any principal card of Standard Chartered Credit Card or MANHATTAN Credit Card issued by Standard Chartered Bank (Hong Kong) Limited in the past 6 months from the date of approval of their current applications for a principal card of the Standard Chartered Credit Cards.
Promotion period is from 1 January to 31 December 2023 of 5% CashBack on Eligible Transactions made at Designated Merchants
You are required to redeem CashBack through the 360° Rewards Redemption Platform.
The CashBack earned will be shown on the 360° Rewards Redemption Platform after the relevant Eligible Transaction is posted, and will not be automatically credited to the Card account.
Cardholders are required to redeem CashBack through the platform.
The minimum threshold for CashBack redemption per Card account is HK$50 per account redemption.
Terms and conditions apply. Please refer to Standard Chartered website for credit card details.
To borrow or not to borrow? Borrow only if you can repay!
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: HK$ 96000
CNCBI Motion Credit Card
Cashback Overseas
10 %
info
Enjoy 10% overseas cash rebate as welcome offer
Cashback Overseas Online Shopping
6 %
info
Year round 6% cash rebate on online transactions (maximum of HK$200 extra cash rebate in each month.)
Cashback Local Online Shopping
6 %
info
Year round 6% cash rebate on online transactions (maximum of HK$200 extra cash rebate in each month.)
Cashback Dining
6 %
info
Year round 6% cash rebate on dining (maximum of HK$200 extra cash rebate in each month.)
2 Offers Available
MoneyHero Exclusive Offer
Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour)
+ 5 other gift options
Valid until
02 April 2024
Welcome Offer
10% Cash Rebate on spending in foreign currencies
+ 1 other gift options
Valid until
02 April 2024
chevron_left
chevron_right
Things to consider for this product:
check
Dining rebate
check
Online shopping rebate
check
No foreign txn fee
check
Annual Fee waiver
MoneyHero Exclusive Offer
Gift Options
Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280, random colour); or
Marshall Acton III Bluetooth Speaker (valued at HK$2,499;random color); or
Philips RO Water Dispenser ADD6901/90 (valued at HK$1,998); or
Philips Sonicare ProtectiveClean 6100 Sonic electric toothbrush (valued at HK$1,688; random color); or
HK$1,000 Apple Store Gift Card; or
HK$1,000 Wellcome Shopping Voucher
MoneyHero Exclusive Offer
New CNCBI Credit Card Customers get rewarded with Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280; random color) / Marshall Acton III Bluetooth Speaker (valued at HK$2,499; random color) / Philips RO Water Dispenser ADD6901/90 (valued at HK$1,998) / Philips Sonicare ProtectiveClean 6100 Sonic electric toothbrush (valued at HK$1,688; random color) / HK$1,000 Apple Gift Card or Wellcome Shopping Voucher
Requirements
4 March 2024 12 n.n. till 2 April 2024 6 p.m.: Successfully apply for the designated CNCBI Credit Card(s) and submitted redemption form via MoneyHero
On or before 31 May 2024: The card must be approved by CNCBI.
Within 7 days of receiving the form: Submit the reward redemption form sent via email previously.
Upload all required documents, including ID card, income and address proof, when you apply for the card to facilitate the approval process. Don't forget to note down your application reference number. It can be used for checking your application status and claiming MoneyHero exclusive offer.
Designated card(s) include CNCBI Motion Credit Card and CNCBI GBA Dual Currency Credit Card.
New card holders should be new customer who did not hold any CNCBI credit card in the past 12 months.
Not applicable to any credit card applicant who currently holds or held any other CNCBI Credit Cards issued by the Bank in the 12-month immediately preceding the relevant application for the credit card (excluding supplementary cardmember).
Please submit the reward redemption form sent via email previously within 7 days of receiving the form.
If you have concerns regarding the redemption process, please refer to the Terms and Conditions.
Welcome Offer
Gift Options
10% Cash Rebate on spending in foreign currencies; or
HK$600 Cash Reward
10% Cash Rebate on spending in foreign currencies (Up to HK$1,000 Cash Rebate) within first 3 months starting from the card issuance month; or
HK$600 Cash Rebate upon accumulated eligible spending of HK$6,000 in the first 2 months starting from the card issuance month
Welcome Offer and MoneyHero Exclusive Offer are not applicable to any Cardmember who currently holds or have cancelled any CNCBI credit cards (excluding supplementary Cardmember) issued by the Bank in the 12-month immediately preceding the relevant application for the credit card.
Year round 6% cash rebate on online and dining transactions from 1 January 2024 till 31 December 2024 (maximum of HK$200 extra cash rebate in each month.)
Terms and conditions apply. For more details, please visit https://www.cncbinternational.com/personal/promotions/credit-card/en/tc.html.
Reminder: To borrow or not to borrow? Borrow only if you can repay!
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: HK$ 96000
PrimeCredit EarnMORE UnionPay Diamond Card
Interest on installment plans
0 %
info
First 3 months
Cashback Overseas
2 %
info
For overseas spending (Direct cashback) For local and overseas spending: 2% cashback
Cashback Local Online Shopping
2 %
info
For all spending (regardless of categories, capped at HK$2,000): 2% cashback
Cashback Local
2 %
info
For spending in all categories (cap: $2000 rebate): 2% cashback
4 Offers Available
MonyHero Exclusive Offer (Existing Customer)
Existing Customer: HK$400 Apple Store Gift Card
+ 1 other gift options
Valid until
02 April 2024
MonyHero Exclusive Offer (New Customer)
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate
+ 1 other gift options
Valid until
02 April 2024
Welcome Offer
OTO Vanda 2.0 (VN-05)
+ 4 other gift options
Valid until
31 December 2024
Buyandship x PrimeCredit Spending Promotion
Shipping Fee Up to 10% Cash Rebate (maximum of HK$100)
+ 1 other gift options
Valid until
31 March 2024
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Things to consider for this product:
check
Foreign txn rebate
check
Travel agency offer
check
Installment
check
No foreign txn fee
MonyHero Exclusive Offer (Existing Customer)
MoneyHero Exclusive Offer -HK$400 Apple Gift Card / Wellcome Shopping Voucher
From now till 2 April 2024, existing customers of PrimeCredit Credit Card who successfully apply for PrimeCredit UnionPay Credit Card via MoneyHero can enjoy HK$400 Apple Gift Card / Wellcome Shopping Voucher.
How to redeem MoneyHero exclusive offer?
Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
Within 7 days of receiving the form, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with PrimeCredit.
Including a total value of HK$400 supermarket cash coupon from MoneyHero. Terms and conditions apply.
MonyHero Exclusive Offer (New Customer)
MoneyHero Exclusive Offer - HK$200 cash rebate + HK$400 Apple Gift Card / Wellcome Shopping Voucher
From now till 2 April 2024, new customers of PrimeCredit Credit Card who successfully apply for PrimeCredit UnionPay Credit Card via MoneyHero can enjoy HK$200 cash rebate + HK$400 Apple Gift Card / Wellcome Shopping Voucher.
How to redeem MoneyHero exclusive offer?
Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
Within 7 days of receiving the form, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with PrimeCredit.
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate; or
New Customer: HK$400 Wellcome Shopping Voucher + HK$200 Cash Rebate
Including a total value of HK$400 supermarket cash coupon from MoneyHero and HK$200 cash rebate from PrimeCredit. Terms and conditions apply.
Welcome Offer
Gift Options
OTO Vanda 2.0 (VN-05); or
German Pool WiFi Smart UVC Air Purifier Mist Heater & Fan (EFB-426HM-SC); or
HK$500 Cash Rebate; or
$200 RewardCash; or
Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program
Spend HK$9,800 on Eligible Retail Purchase Transactions within 90 days from the card issuing date :OTO Vanda 2.0 (VN-05); or
Spend HK$8,500 on Eligible Retail Purchase Transactions within 90 days from the card issuing date : German Pool WiFi Smart UVC Air Purifier Mist Heater & Fan (EFB-426HM-SC) or HK$500 Cash Rebate; or
Only applicable to Full-time University / Tertiary Student : HK$200 Cash Rebate; or
Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program ( No spending requirement)
Buyandship x PrimeCredit Spending Promotion
Gift Options
Shipping Fee Up to 10% Cash Rebate (maximum of HK$100); or
Buyandship Credit $38
From 9 January to 31 March 2024
Offers:
Cardholders to enjoy below privileges at Buyandship website (www.buyandship.today) or pick-up points by spending with PrimeCredit EarnMORE or WeWa Credit Card:
Shipping Fee Up to 10% Cash Rebate
During the Promotion Period, Cardholders are entitled to 10% cash rebate upon registering this Promotion via OmyCard App and settling shipping fee at Buyandship website (www.buyandship.today) or pick-up points* with Eligible Credit Card ("Offer 1”). Each Cardholder can entitle up to a maximum of HK$100 cash rebate per calendar month.
New Member's Offer
Enroll new membership and input promotion code “WEWA” upon registration at Buyandship website (www.buyandship.today), to receive $38 Buyandship credit ("Offer 2”).
Product Feature :
Pay with EarnMORE UnionPay Credit Card and enjoy 2% direct cash rebate
2% cash rebate (1% basic rebate + 1% extra rebate) on year-round spending (HK$250 spending = HK$5 cash rebate)
1% cash rebate on applying Octopus Automatic Add Value Service with EarnMORE UnionPay Card at every reloading (HK$250 spending = HK$2.5 cash rebate)
Easy and instant payment with in-app UnionPay QR code function in OmyCard app
Enjoy "Hot Deals Patrols" limited-time offers through the app. You can buy popular products at a discounted price.
Exemption of foreign transaction fees
Annual fee waiver for the first 2 years
Other things to note
Welcome offers, HK$200 Cash Rebate Offer and MoneyHero exclusive offer are applicable to applicants who are not holding and / or have not held any Credit Card issued by PrimeCredit in the past 6 months.
Each card can be entitled to a maximum amount of HK$1,500 extra 1% cash rebate during the Promotion Period.
Eligible Retail Purchase Transactions include to all posted retail purchase transactions and exclude Reload of e-Wallets.
The promotion period of 2% year-round rebate is valid from 1 January 2024 to 31 December 2024.
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: No Requirement
PrimeCredit WeWa UnionPay Diamond Card
Cashback Local
4 %
info
(Direct Cashback) For local and overseas designated stores (Travel, Cinema, Karaoke, Theme park) spending: 4%cashback; Other spending: 0.4% cashback.
Cashback Overseas
4 %
info
(Direct Cashback) For local and overseas designated stores (Travel, Cinema, Karaoke, Theme park) spending: 4%cashback; Other spending: 0.4% cashback.
Foreign Currency Transaction Fee
Waived
Interest on installment plans
0 %
info
First 3 months
4 Offers Available
MonyHero Exclusive Offer (Existing Customer)
Existing Customer: HK$400 Apple Store Gift Card
+ 1 other gift options
Valid until
02 April 2024
MonyHero Exclusive Offer (New Customer)
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate
+ 1 other gift options
Valid until
02 April 2024
Welcome Offer
Sony Truly Wireless Headphones LinkBuds S (WF-LS900N)
+ 5 other gift options
Valid until
31 March 2024
Buyandship x PrimeCredit Spending Promotion
Shipping Fee Up to 10% Cash Rebate (maximum of HK$100)
+ 1 other gift options
Valid until
31 March 2024
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Things to consider for this product:
check
Travel agency offer
check
Foreign txn rebate
check
Cinema ticketing
check
Installment
MonyHero Exclusive Offer (Existing Customer)
MoneyHero Exclusive Offer -HK$400 Apple Gift Card / Wellcome Shopping Voucher
From now till 2 April 2024, existing customers of PrimeCredit Credit Card who successfully apply for PrimeCredit UnionPay Credit Card via MoneyHero can enjoy HK$400 Apple Gift Card / Wellcome Shopping Voucher.
How to redeem MoneyHero exclusive offer?
Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
Within 7 days of receiving the form, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with PrimeCredit.
Including a total value of HK$400 supermarket cash coupon from MoneyHero. Terms and conditions apply.
MonyHero Exclusive Offer (New Customer)
MoneyHero Exclusive Offer - HK$200 cash rebate + HK$400 Apple Gift Card / Wellcome Shopping Voucher
From now till 2 April 2024, new customers of PrimeCredit Credit Card who successfully apply for PrimeCredit UnionPay Credit Card via MoneyHero can enjoy HK$200 cash rebate + HK$400 Apple Gift Card / Wellcome Shopping Voucher.
How to redeem MoneyHero exclusive offer?
Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
Within 7 days of receiving the form, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with PrimeCredit.
New Customer: HK$400 Apple Store Gift Card + HK$200 Cash Rebate; or
New Customer: HK$400 Wellcome Shopping Voucher + HK$200 Cash Rebate
Including a total value of HK$400 supermarket cash coupon from MoneyHero and HK$200 cash rebate from PrimeCredit. Terms and conditions apply.
Welcome Offer
Gift Options
Sony Truly Wireless Headphones LinkBuds S (WF-LS900N); or
Samsung Galaxy Watch4 40mm Bluetooth (SM-R860); or
B&O Beosound Explore Bluetooth Speaker; or
HK$500 Cash Rebate; or
$200 RewardCash; or
Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program
Welcome Offer
From now till 31 March 2024, new PrimeCredit Credit Card Cardholder who successfully applied WeWa UnionPay Diamond Card is entitled to one of the following Welcome Offers upon fulfilling the Eligible Retail Purchase Transactions Requirement specified below:
Eligible Retail Purchase Transactions Requirement
Welcome Offers options
Spend HK$8,500 on Eligible Retail Purchase Transactions within 90 days from the card issuing date
Sony Truly Wireless Headphones LinkBuds S (WF-LS900N)
Samsung Galaxy Watch4 40mm Bluetooth (SM-R860)
B&O Beosound Explore Bluetooth Speaker
HK$500 Cash Rebate
No Spending Requirement
Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program
[Exclusive Welcome offer to University / tertiary students] HK$200 Cash Rebate (Spend HK$2,000 on Eligible Retail Purchase Transactions within 90 days from card issuance)
Buyandship x PrimeCredit Spending Promotion
Gift Options
Shipping Fee Up to 10% Cash Rebate (maximum of HK$100); or
Buyandship Credit $38
From 9 January to 31 March 2024
Offers:
Cardholders to enjoy below privileges at Buyandship website (www.buyandship.today) or pick-up points by spending with PrimeCredit EarnMORE or WeWa Credit Card:
Shipping Fee Up to 10% Cash Rebate
During the Promotion Period, Cardholders are entitled to 10% cash rebate upon registering this Promotion via OmyCard App and settling shipping fee at Buyandship website (www.buyandship.today) or pick-up points* with Eligible Credit Card ("Offer 1”). Each Cardholder can entitle up to a maximum of HK$100 cash rebate per calendar month.
New Member's Offer
Enroll new membership and input promotion code “WEWA” upon registration at Buyandship website (www.buyandship.today), to receive $38 Buyandship credit ("Offer 2”).
Product Feature :
Launch of WeWa Club Enjoy endless offers and jetso
Everyone can join WeWa Club for free and enjoy endless shopping, dinning, entertainment offers and jetso! Of course, you will get even better offers on WeWa Club by becoming a WeWa credit card cardholder and upgrade yourself as a “WePlus” member.
At WeWa Club, you can:
Buy amazing things at a good deal
Enjoy priority booking for concerts or other events
0.4% on other spendings (HK$250 = HK$1 cash rebate)
3-month Interest-free Credit Card Transaction Instalment Plan
Enjoy waiver on interest rate and handling fee for option of 3 months of Credit Card Transaction Instalment Plan when you apply for the plan via OmyCard App. The plan is applicable to single eligible retail spending of HK$1,500 or above.
Travel Benefits
Exemption of foreign transaction fees
Annual fee waiver for the first 2 years; 5 years for student cardholders
Other things to note
Welcome offers, HK$200 Cash Rebate Offer and MoneyHero exclusive offer are applicable to applicants who are not holding and / or have not held any Credit Card issued by PrimeCredit in the past 6 months.
Each card can be entitled to a maximum amount of HK$2,000
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: No Requirement
HSBC Visa Signature Card
Cashback Dining
3.6 %
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On local retail spending with ""Red Hot Rewards of Your Choice"" registration. Basic Reward (1X) + Visa Signature Exclusive RewardCash (3X) + Red Hot Rewards of Your Choice (5X) = Up to 9X rebate or 3.6% cash rebate (Basic reward: 1.6% cash rebate)
Annual Fee Waiver
First 2 years
Cashback Local
3.6 %
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On local retail spending with "Red Hot Rewards of Your Choice" registration. Basic Reward (1X) + Visa Signature Exclusive RewardCash (3X) + Red Hot Rewards of Your Choice (5X) = Up to 9X rebate or 3.6% cash rebate (Basic reward: 1.6% cash rebate)
Cashback Overseas
3.6 %
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Basic Reward (1X) + Visa Signature Exclusive RewardCash (3X) + Red Hot Rewards of Your Choice (5X) + Red Hot Online and Overseas Spending Rewards (5X) = Up to 14X rebate or 5.6% cash rebate (Basic reward: 1.6% cash rebate)
3 Offers Available
HSBC Welcome Offer
$800 RewardCash
+ 1 other gift options
Valid until
28 February 2025
Time-limited offer
Extra$300 RewardCash
Valid until
30 April 2024
Extra RewardCash for Cash instalment plan
$200 RewardCash
Valid until
31 July 2024
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Things to consider for this product:
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Overseas rebate
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Dining rebate
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Cinema ticketing
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Dining discount
HSBC Welcome Offer
Gift Options
$800 RewardCash; or
HK$200 RewardCash
Applying for eligible credit card via HSBC website, HSBC Personal Internet Banking or HSBC App and make eligible transaction of HKD/RMB 8,000 or above within the first 60 calendar days after card issuance:
New Credit Card Customers: $800 RewardCash
Existing Credit Card Customers: $200 RewardCash
Time-limited offer
Gift Options
$300 RewardCash
From 8 March 2024 till 30 April 2024, apply for the Eligible HSBC Credit Card and meet the following conditions within 60 days after card issuance to enjoy extra $300 Reward Cash
HSBC Visa Gold Card for Students: accumulate an eligible spending of HK$4,000, and tap and use the card to enter and exit gates for at least one MTR ride
Other Eligible HSBC Credit Card: accumulate an eligible spending of HK$10,000, and tap and use the card to enter and exit gates for at least one MTR ride
New Card Customers who activate the Eligible Credit Card, and successfully apply for Cash Instalment Plan with an approved withdrawal amount equal to or above HK$20,000 and with a repayment period of 12 months or above within the first 60 calendar days after card issuance, can enjoy an extra $200 RewardCash. Terms and Conditions
Product Feature :
Earn up to 3.6% RewardCash rebates
Allocate an extra 2.4% RewardCash to one spending category, and automatically enjoy an exclusive extra 1.2% RewardCash on all categories of the "Red Hot Rewards of Your Choice programme".
Emperor Cinemas: buy 1 and get 1 free on regular-priced 2D movie tickets or regular popcorn, or get 10% off regular-priced 3D movie tickets (Mondays to Thursdays); 20% off regular-priced 2D movie tickets (Fridays, Saturdays and Sundays)
15% discount at Cafe, Hugo's and The Chinese Restaurant at Hyatt Regency Hotel Tsim Sha Tsui
The Mira Hong Kong: enjoy special dining and spa discount
Exclusive 24-hour Concierge and emergency services provided by Visa
Enjoy a 30% discount on cross border limousine service between Hong Kong and Guangdong, China
HKD300 in spending rebate when you spend HKD5,000 or more in a single transaction on the Cathay Pacific app via Apple Pay or Google Pay
First 2 years annual fee waiver
Other things to note
The Online Welcome Offer Promotional Period is from 1 March 2024 to 28 February 2025
The Welcome Offer is not applicable to applicants who have cancelled any HSBC personal primary credit card in the past 12 months from the date of approval of the eligible credit card
To borrow or not to borrow? Borrow only if you can repay!
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: HK$ 360000
Q Credit Card
Cashback Local
5 %
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5% CashBack on designated stores, HKTVmall, PARKnSHOP and other designated stores spending.
New Standard Chartered Q Credit Card Customers get rewarded with HK$100 HKTVmall e-Gift Voucher OR HK$100 Apple Store Gift Card by fulfilling the following requirements:
From 1 March 2024 12 noon to 2 April 2024 12 noon: New Standard Chartered Credit Card Customers who successfully apply for Standard Chartered Q Credit Card via MoneyHero
Within 7 days of receiving the form: Submit the reward redemption form sent via email previously.
On or before 2 May 2024: The card must be approved by Standard Chartered, subject to the Bank’s system records.
Within 7 days of receiving approval: Submit (1) the name of the Designated Card applied for, (2) their application date, and (3) screen capture of the approval SMS or Email notification to support@moneyhero.com.hk, which will be used by MoneyHero to verify reward eligibility.
Application must be made through this Entrance: Search “Q Credit Card” in Search Field in AlipayHK App Homepage 🡪 Choose “Q Credit Card” and fill in the “Application Reference Number” in MoneyHero Rewards Redemption Form.
Tips:
Please submit the reward redemption form sent via email previously within 7 days of receiving the form.
Have your mobile phone and HKID ready before application! You are advised to upload all required documents when you apply for the card to facilitate the approval process. Don't forget to note down your application reference number. It can be used for checking your application status and claiming MoneyHero exclusive offer.
MoneyHero Limited-Time Exclusive Offer is provided by MoneyHero, Standard Chartered Bank has no relation with its redemption, usage and dispute.
New Cardholders can enjoy 5% CashBack for foreign currency spending
Apply to physical and online overseas merchants
Excludes any transactions made via AlipayHK App.
Only for customers approved from 1 January 2024 to 31 March 2024
Promotion Period from 2 February 2024 to 31 March 2024
Welcome Offer - Selective Merchant 5% CashBack
Gift Options
Selective Merchant 5% CashBack
New Cardholders can enjoy 5% Cash Rebate at selected merchants with Q Credit Card.
Selected merchants including Taobao, Uber (Valid from 15 February 2024), Trip.com, Agoda, KK day and Taobao official logistics platform (for example Cainiao Smart Logistics network (Hong Kong) Limited), Sun Yiu Transportation Company Limited, Buy Up Express Company Limited, Early Bird Logistics Company Limited, Group n Ship Limited, HK Ship Express Limited, 4PX Express Ltd, GoGo Tech Limited, POINT2POINT.HK Limited, Dimbuy.com Company Limited, Giants HK Limited.
Only for customers approved from 1 January 2024 to 31 March 2024
Promotion Period from 1 January 2024 to 31 March 2024
Welcome Offer - HK$1,000 AlipayHK Coupons
Gift Options
HK$1,000 AlipayHK Coupons
Merchant and Taobao Payment Reward of HK$800: consists of sixteen HK$50 coupons
Physical Card Activation Reward of HK$200: consists of four HK$50 Coupons. No minimum spending amount required.
Welcome Offer - 1% CashBack
Gift Options
1% CashBack
Up to 1% CashBack on daily spending
1% CashBack for eligible transactions excluding any transactions made via AlipayHK App
0.75% CashBack for eligible transactions via AlipayHK App (Total maximum monthly amount of Eligible Transactions per Card within the Promotion Period is HK$13,000)
No minimum spending requirements & registration is required
Only for customers approved from 1 January 2024 to 31 March 2024
Promotion Period from1 January 2024 to 31 March 2024
Product Feature :
0% Taobao handling fee offer
No registration is required and enjoy for first 5 transactions each month
Welcome Offer
Eligibility: who have successfully applied for the Q Credit Card for the first time, card approved within promotion period and who have never redeemed any “Q Credit Card Welcome Reward” of AlipayHK via the AlipayHK Mobile Application
Merchant and Taobao Payment Reward of HK$800: upon card approval within promotion period.
Physical Card Activation Reward of HK$200: upon card approval within promotion period and the first physical card payment being completed successfully.
Each HK$50 coupon is applicable for all platforms accepting the AlipayHK App for payment, including eligible merchant outlets and for bill payment via the AlipayHK App or Taobao/Tmall Platform via Q Credit Card in Taobao App upon a single net transaction of HK$120 or above.
Eligibility :
Minimum Age: 18 years old
Min. Annual Income: HK$ 96000
Dah Sing ONE+ Credit Card
Cashback Oversea
1 %
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Unlimited 1% cash rebate on oversea retail spending
Cashback Local
1 %
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Unlimited 1% cash rebate on retail spending
Cashback Octopus Top Up Spending
0.5 %
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0.5% cash rebate on Octopus reload amount
Annual Fee
HK$ 1,800
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First 2 year annual fee waiver
2 Offers Available
MoneyHero Exclusive Offer
HK$400 Apple Store Gift Card
+ 1 other gift options
Valid until
31 March 2024
Welcome Offer - HK$500 Cash Rebate
HK$500 Cash Rebate
Valid until
30 June 2024
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Things to consider for this product:
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Overseas rebate
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Online Spending
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Local spending rebate
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First 2 year annual fee waiver
MoneyHero Exclusive Offer
Gift Options
HK$400 Apple Store Gift Card; or
HK$400 Wellcome Shopping Voucher
New Dah Sing Credit Card Customers get rewarded with HK$400 Apple Store Gift Card OR HK$400 Wellcome Shopping Vouchers by fulfilling the following requirements:
From 12 March 2024 6 p.m. to 31 March 2024:New Dah Sing Credit Card Customers who apply for Dah Sing Credit Card via MoneyHero
On or before 30 April 2024:The card must be approved by Dah Sing Bank, subject to the Bank’s system records.
Within 7 days of receiving the form, complete the redemption form sent via email from MoneyHero for verification and follow-up.
Have your mobile phone and HKID ready before application! You are advised to upload all required documents when you apply for the card to facilitate the approval process. Don't forget to note down your application reference number. It can be used for checking your application status and claiming MoneyHero exclusive offer.
Designated card(s) include Dah Sing ONE+ Credit Card / Dah Sing MyAuto Credit Card / Dah Sing ANA World Mastercard / Dah Sing British Airways Platinum Card / Dah Sing United MileagePlus World MasterCard
If you have any enquiry on the redemption flow of this offer, please refer to the relevant Terms and Conditions.
MoneyHero Limited-Time Exclusive Offer is provided by MoneyHero, Dah Sing Bank has no relation with its redemption, usage and dispute.
Welcome Offer - HK$500 Cash Rebate
Gift Options
HK$500 Cash Rebate
New Card member who successfully apply Dah Sing ONE+ credit card can enjoy the following welcome gift:
HK$500 Cash Rebate
accumulating Eligible Spending of HKD5,000 or above, and making at least 5 Eligible Spending transactions, within the first 2 months from the date of the Bank's issuance of the Eligible Card can receive HK$500 cash rebate
Terms and Conditions Apply.
To borrow or not to borrow? Borrow only if you can repay!
The service(s) / product(s) mentioned herein is / are not targeted at customers in the EU
Product Feature :
Welcome offer HK$500 cash rebate
Unlimited 1% cash rebate on local and overseas rebate spending
0.5% cash rebate on Octopus reload amount
First 2-year annual fee waiver
To borrow or not to borrow? Borrow only if you can repay
The service(s) / product(s) mentioned herein is / are not targeted at customers in the EU
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