PrimeCredit EarnMORE UnionPay Diamond Card
Min. Annual Income
Local Spending - Cashback Rate
Overseas Spending - Cashback Rate
- New customers of PrimeCredit Credit Card who successfully apply for PrimeCredit EarnMore UnionPay Card via MoneyHero can enjoy HK$100 cash rebate + HK$200 HKTVmall Coupon/ Wellcome Shopping Voucher
- PrimeCredit will credit the HK$100 cash rebate into the respective credit card account after the card is successfully approved.
- HK$100 cash rebate Promotion Period: from now till 31 December 2023
- HK$200 HKTVmall Coupon/ Wellcome Shopping Voucher Promotion Period: from now till 31 December 2023
How to be entitled to MoneyHero Exclusive Offer?
- From now till 31 December 2023, new cardholders of PrimeCredit Credit Card who successfully apply for PrimeCredit EarnMore UnionPay Card via MoneyHero are entitled to enjoy MoneyHero Exclusive Offer - HK$100 cash rebate
- From now till 31 December 2023, new cardholders of PrimeCredit Credit Card who successfully apply for PrimeCredit EarnMore UnionPay Card via MoneyHero are entitled to enjoy MoneyHero Exclusive Offer - HK$200 HKTVmall Coupon/ Wellcome Shopping Voucher
- 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.
- MoneyHero Exclusive Offer is provided by MoneyHero, PrimeCredit has no relation with its redemption, usage and dispute.
- Terms and Conditions apply.
Welcome Offers from PrimeCredit
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.
Citibank
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.
DBS
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.
PrimeCredit
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.
CITIC
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.
HSBC
Current and new customers are eligible for welcome offers. For more details of welcome offers, please click here.
BEA
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 back, air miles, gift 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.
Great for
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MoneyHero Exclusive Offer - HK$100 cash rebate + HK$200 HKTVmall Coupon/ Wellcome Shopping Voucher
- New customers of PrimeCredit Credit Card who successfully apply for PrimeCredit Credit Card via MoneyHero can enjoy HK$100 cash rebate + HK$200 HKTVmall Coupon/ 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.
- Tips:
- Please turn off AdBlocker and private mode before application: 3 settings to ensure coupon reward eligibility
-
PrimeCredit x Deliveroo - up to HK$160 Instant Discount
Promotion Period: 1 May 2023 - 30 June 2023
- Get up to HK$160 Deliveroo e-vouchers by using PrimeCredit WeWa or EarnMORE credit card and designated promotion codes on Deliveroo (including mobile app and website)! Enjoy HK$40 off for HK$200 or above with the e-voucher.
Spending Phase Promotion Code Phase 1 (1 to 31 May) PCLMAY80
Phase 2 (1 to 30 June) PCLJUN80
- Each Deliveroo account entitle to 2 pieces of HK$40 Deliveroo e-vouchers during each spending phase of the promotion period and entitle HK$160 Deliveroo e-voucher in total throughout the promotion period.
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WeWa x LCX Shopping Privileges Promotion
Promotion Period: 1 March to 30 June 2023
- Offer A – Up to HK$1,800 Gift Vouchers
- Cardholders shall be entitled to redeem a set of HK$150 Gift Vouchers upon accumulating same-day spending of HK$800 or above at stores within LCX. The HK$150 Gift Vouchers include a piece of HK$50 LCX Gift voucher and a piece of HK$100 Designated Brand Gift Voucher.
- Each Customer can redeem the Reward up to 2 times a day, maximum 3 times per month. The period of 1 March 2023 to 30 June 2023 will be calculated as a calendar month. Maximum 12 times throughout the promotion period.
- Cardholder can redeem the Reward by maximum 3 transaction receipts and each receipt amount at HK$100 or above.
- Cardholders shall be entitled to redeem a set of HK$150 Gift Vouchers upon accumulating same-day spending of HK$800 or above at stores within LCX. The HK$150 Gift Vouchers include a piece of HK$50 LCX Gift voucher and a piece of HK$100 Designated Brand Gift Voucher.
- Offer B – Redeem a LCX VIP Pass
- Cardholders shall be entitled to redeem a LCX VIP Pass with validity of 30 days upon issuance by presenting WeWa / EarnMore credit card to enjoy 10% discount at designated stores at LCX.
- Offer C – Redeem a LCX Reward Card
- Cardholders shall be entitled to register as a LCX Rewards Card Member at LCX Customer Service Counter upon accumulating same-day spending at HK$1,600 or above at stores within LCX (original spending requirement at HK$3,000), to enjoy 10% discount at designated stores at LCX or other member privileges.
- Offer D – Selected Merchant Offers
- Cardholders shall be entitled to enjoy shopping privileges at selected merchant’s stores.
Terms and Conditions apply. Please refer to PrimeCredit official website for details.
- Offer A – Up to HK$1,800 Gift Vouchers
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Suning Hong Kong Offer
Promotion Period: 1 March 2023 to 30 June 2023
-
Offer A – Up to HK$2,400 Cash Rebate
Cardholders are entitled up to HK$2,400 cash rebate at any Suning Hong Kong stores or online store www.hksuning.com by spending with PrimeCredit EarnMORE Credit Card and WeWa Credit Card and upon registration at OmyCard Mobile Application:
Conduct a single transaction of designated spending amount at any Suning Hong Kong stores or online store www.hksuning.com:
Designated Spending Amount of Single Transaction Cash Rebate Maximum Cash Rebate Throughout the Promotion Period HK$500 – HK $2,999 HK$30
(Only applicable to transaction conducted at Suning Hong Kong online store.)HK$2,400
(Each Cardholder can be entitled up to a maximum amount of HK$960 cash rebate for each month and can be entitled to a maximum amount of HK$2,400 cash rebate for the whole Promotion Period.)HK$3,000 – HK$5,999 HK$130 HK$6,000 – HK$8,999 HK$270 HK9,000 or above HK$480 - Offer B – Up to 60% off on selected items
Terms and Conditions apply. Please refer to PrimeCredit official website for details.
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Welcome Offer
Requirements Welcome Offers
(Choose 1 from 4)Spend HK$9,800 on Eligible Retail Purchase Transactions within 90 days from the card issuing date Aurabeat AG+ Medical Grade Silver Ion Antiviral Air Purifier (LSP-X1) (3 months instalment x HK$120 per month) OTO Vanda Lite Massage Chair (VN-03) Spend HK$8,500 on Eligible Retail Purchase Transactions within 90 days from the card issuing date HK$500 Cash Rebate No Spending Requirement Up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program - 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.
- 3-month Interest-free Credit Card Transaction Instalment Plan
- From now till 30 June 2023, 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.
- Exemption of foreign transaction fees
- Annual fee waiver for the first 2 years
Need to know
- Welcome offers, HK$100 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 2023 to 31 December 2023.
Year-round rewards
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.
Citibank
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.
DBS
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.
PrimeCredit
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.
CITIC
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.
HSBC
Current and new customers are eligible for welcome offers. For more details of welcome offers, please click here.
BEA
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 back, air miles, gift 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.
Year-round benefits
Spend over HK$12,000 within 2 continuous months every year
Eligibility
Fees
Repayment
Other information
Isn't the best product for you?
Compare more credit cards on MoneyHero
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.
Citibank
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.
DBS
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.
PrimeCredit
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.
CITIC
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.
HSBC
Current and new customers are eligible for welcome offers. For more details of welcome offers, please click here.
BEA
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 back, air miles, gift 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.