Citi Octopus Platinum Card

Last Updated: Nov 2023

Min. Annual Income


Local Spending - Cashback Rate

on local retail spending
For local and overseas spending: 0% cashback

Overseas Spending - Cashback Rate

on overseas spending
For local and overseas spending: 0% cashback
15% Transport Rebate & 5% Parking and Tunnels Rebate
Earn HK$1 Octopus Cash for every HK$200 spending
Annual Fee Waiver
Digital Wallet Rebate
Utilities Wallet Rebate
Octopus Reload Rebate
MoneyHero Exclusive Offer

Great for

  • MoneyHero Limited-Time Exclusive Offer

    • New Citi Credit Card Customers receive Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (Random Color; valued at HK$4,280) / Marshall Stanmore II Bluetooth Speaker (valued at HK$3,499) / BRUNO BOE053 Oval Hot Plate (Random Color; valued at HK$1,599) / HK$1,600 Apple Store Gift Card OR Wellcome Shopping Voucher exclusively from MoneyHero when they spend a designated amount and fulfill the following requirements:
    Important Dates Requirements
    From 30 November 2023 6 p.m. to 2 January 2024 6 p.m. New Citi Credit Card Customers who successfully apply for the Designated Card via MoneyHero.
    Within 7 days of receiving the form Submit the reward redemption form sent via email previously.
    On or before 1 February 2024 The card must be approved by Citibank. You are required to activate the card.
    Within 30 days upon card approval Accumulate spending of HK$1,000 or above
    • Tips:
      • Please turn off AdBlocker and private mode before application: 3 settings to ensure reward eligibility
      • Note down your application reference number shown on the application completion page for reference (e.g. ABC123456789).
      • 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.
      • If you have concerns regarding the redemption process, please refer to the Terms and Conditions.
  • [Limited-time offer] HK$100 Octopus Top-Up Value
    • From now until 31 December 2023, customers who successfully add a Citi Octopus on iPhone or Apple Watch using Octopus App for the first time, perform at least one Automatic Add Value Service transaction with the new card, and register for the promotion, will be entitled to $100 Octopus Top-up Value
  • 15% Transport Rebate Program
    Citi Octopus Platinum Cardholders can enjoy up to 15% transport rebate + 5% rebate on tunnels, car parks and parking meters fee:
    Monthly Eligible Retail Spending HK$3,000 - HK$9,999 HK$10,000 or above
    Eligible retail spending should be made on All Principal Citi Credit Card under the cardholder, and the
    supplementary card(s) of such Citi Credit Card
    Offer 15% rebate on CTB, NWFB, KMB, LWB, railway, green minibus, ferry, tram 15% rebate on CTB, NWFB, KMB, LWB, railway, green minibus, ferry, tram
    5% rebate on tunnels, car parks and parking meters fee
    Maximum Rebate Amount
    (Each Calendar Month)
    HK$300 HK$500
  • Embedded Octopus Service; Cashback rewarded for Octopus Automatic Add Value Service
    • HK$200 spending = HK$1 Octopus Cash Rebate
  • First year annual fee waiver
  • 【MoneyHero x Deliveroo Special Offer】Apply for a credit card through MoneyHero and enjoy a 6-month Deliveroo Plus Silver membership for FREE, whether your credit card application is approved or not! Receive the redemption promo code two weeks after your application. Benefits for Deliveroo Plus Silver Member: •Unlimited free delivery : free delivery on all orders over HK$250 •Unlock discounts from Deliveroo Plus Rewards: Order over HK$150 from the same restaurant three times & get HK$85 off on the fourth order. Place your order from over 1,000 selected partners including but not limited to NOC Coffee, KFC, Shake Shack & more! •Up to 25% off Pickup: No minimum charge! Skip the line & save on your waiting time. Enjoy up to 25% off selected restaurants with Pickup More Details (Land to Deliveroo x MH TNC)

Need to know

  • Welcome offers and MoneyHero exclusive offer are only applicable to customers who currently do not hold, have not cancelled or have not held any principal card of Citi Credit Card within the past 12 months from the month of application for the Eligible Card ("New Customer").
  • All rebates are in the form of Octopus cash and cannot be converted into cash vouchers or air miles.

Year-round rewards

Local Spending
For local and overseas spending: 0% cashback
Overseas Spending
For local and overseas spending: 0% cashback
Online Shopping Spending (Overseas)
For local and overseas spending: 0.5% cashback
Online Shopping Spending (Local)
For local and overseas spending: 0.5% cashback
Octopus Top Up Spending

Year-round benefits

15% Transport Rebate

From 1 January 2023 to 31 December 2023, Citi Octopus Platinum Cardholders can enjoy 15% Transport Fare Rebate.


Minimum Age
18 years old
Min. Annual Income


Annual fee
Foreign Currency Transaction Fee


Minimum Payment
a. The total of all the current month’s interest, annual fee, late charge, past due amount, other fees and charges if any; and b. 1.5% of the statement balance (excluding item a, where applicable); and c. 1.5% of the unbilled principal of the Loan (as defined in Terms and Conditions for Citi Credit Card "Quick Cash" Installment Program and Terms and Conditions for Citi Credit Card "Flexi-Installment" Program) (where applicable)
Late payment charge
HK$300/CNY300/US$40 or the amount of minimum payment due under the last monthly statement, whichever is lower
Retail Purchase APR
Cash Advance APR
Interest Free Repayment Period
58 days

Other information

Credit card type
Visa Platinum

Isn't the best product for you?

Compare more credit cards on MoneyHero

Need some help?
No worries, we've got you covered!

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.

MoneyHero has partnered with the most trusted banks and financial institutions in Hong Kong to help you find the right financial products for you. Through our comparison engine, you can compare credit cards, personal loans, mortgages, medical insurance, travel insurance, HK stock accounts, US stock accounts, payroll accounts and other financial products. We provide accurate, up-to-date information and an unbiased overview of financial products in Hong Kong so that you can make the best choice, saving your time and money.

Most Hong Kong credit card providers require applicants to be of legal age and a permanent resident/citizen of Hong Kong.

You would also need to have stable employment and meet minimum salary requirements, which vary according to the type of credit card.

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.

For exclusive offers from MoneyHero, current customers are unfortunately not eligible to enjoy. For welcome offer from banks or institutions, various terms and conditions apply, subject to different banks and institutions. You may refer to the following:

American Express 
Welcome offers do not apply to current customers. Their welcome offers only apply on applicants who have not held or cancelled American Express credit cards in the past 12 months.

Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled Citibank credit cards in the past 12 months.

Current and new customers are eligible for welcome offers. New customers refer to card holders who have not held or cancelled Citibank credit cards in the past 12 months. For more details of welcome offers, please click here.

Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled PrimeCredit credit cards in the past 6 months.

Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled CITIC credit cards in the past 12 months.

Current and new customers are eligible for welcome offers. For more details of welcome offers, please click here

Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled BEA credit cards in the past 6 months.

Credit card rewards come in many forms, the two major incentives are air miles and cash back. Many card issuers have different credit card rewards programs, cardholders can earn reward points for their spending and redeem the points for cash backair milesgift vouchers or free gifts.

Certain banks promote cash back rewards which their credit cards can earn, cardholders can enjoy 1-4% cash rebate for eligible local / overseas spending or shopping online.

If you travel and use your credit card to book flights and hotels frequently, you can earn more air miles using air mile credit cards. You may redeem miles for award flights, hotel stays and other travel offers.

In addition to daily spending, you may also earn rewards by using the Octopus Automatic Add-value Service and paying utilities, tax, tuition and insurance bills with your credit card and redeem reward points, cash back and air miles.

Banks in Hong Kong such as HSBC, Hang Seng Bank and Standard Chartered Bank issue different types of credit cards with generous rewards and their eligibility requirements are also different. Hence, the processing time varies depending on the card issuer, but as soon as your application has been approved, it normally takes 7 to 10 working days until you receive your card. Make sure that you submit all the relevant documents so that your application can be processed as quickly as possible.

The requirements to get different credit cards may vary and some may even have a minimum income requirement. Of course, applicants with a proper job or have income proof are more likely to be successful with their application, but it does not mean that a self-employed or unemployed person will not able to apply for a credit card.

The annual fee, which is generally charged HK$200-HK$6,000, depends on the bank and the type of credit card. One- to three-year annual fee waiver is usually offered to attract users, and cardholders get their fee waived if they can meet the minimum spending. Some card issuers even advertise credit cards with no annual fee, so please be sure to check the terms before applying. You can request annual fee waiver by calling the card issuer's hotline. Furthermore, many banks charge an early termination fee of more than HK$100; other common fees and charges include replacement fee, late charge, over-limit fee, cash advance fee and foreign transaction fee. In addition to credit card welcome offers, you should also check with your provider to see the fees and charges of your credit card.

Banks look at your credit score and income to determine the maximum credit amount they would extend to you. If your application is approved, the credit limit a bank gives you may be lower or higher than what you indicated in your application. If your credit score is satisfactory, banks may give you the maximum credit limit. If you think your limit is too high, you can talk to your provider and ask them to reduce it. Know more about credit score by reading our credit card application guide.

There are many ways to pay credit card bills, the easiest way is to apply for the bank?s autopay service, which will automatically deduct the monthly payment from the bank account on the due date, so that you won't overlook the payment. Other methods that cardholders can choose to pay the bills include PPS, ATM, e-banking, cheque or convenience stores.

Making only the minimum payment is not the best way to pay the bills! If you just make the minimum payment on the credit card, the bank would charge you compound interest, which means you might owe more and more money and carry long-term debt. Cardholders are recommended to assess their repayment ability before using their credit cards, and pay off all outstanding debt as soon as possible.

In the past, most people think we should not own too many credit cards, as it might lead to over-consumption or missing payment. With the development of modern society and more credit card offers, many of us own several credit cards for various purposes, such as one for overseas spending, one for earning Asia Miles, and the other one for monthly instalments.

Please note that if you always pay your credit card bill after the due date while owning many credit cards, your credit score could drop, which is likely to affect your credit card, mortgage and loan application.

To protect yourself from credit card fraud, you should keep your credit card and personal information (including credit card numbers and security code) safe and never disclose your passwords or personal information to anyone. You should also keep record of all credit card transactions and check bank statements regularly. Report any suspicious transactions to your financial institution or bank immediately to avoid financial loss.