HSBC Credit Card Comparison: Latest Card Offers and Rebates
Updated: 27 Apr 2026
Card | Hot Reward Pick | MoneyHero Reward | Card Benefit | Minimum Annual Income | Annual Fee | ||
|---|---|---|---|---|---|---|---|
 | HSBC EveryMile Credit Card | HK$2,648 | $2 - 12.5 per mile | HK$240,000 | HK$2,000 | ||
 | HSBC Red Credit Card | HK$850 | 0.4 - 4 % | HK$120,000 | Perpetual annual fee waiver | ||
 | HSBC Pulse UnionPay Dual Currency Diamond Credit Card | - | HK$1,000 | 2.4 - 4.4 % | HK$120,000 | HK$1,800 | |
 | HSBC Visa Signature Card | HK$1,998 | 0.04 - 3.6 % | HK$240,000 | HK$2,000 | ||
 | HSBC easy Credit Card | HK$1,798 | 2.4 % | HK$120,000 | First 2 years annual fee waiver | ||
 | HSBC UnionPay Dual Currency Card | HK$1,798 | $2.27 - 4.17 per mile | HK$60,000 | HK$300 | ||
 | HSBC Visa Gold Card for Students | HK$1,198 | 1 - 2.4 % | No Requirement | Perpetual annual fee waiver | ||
 | HSBC Visa Gold Card | HK$1,798 | 1 - 2.4 % | HK$60,000 | HK$600 |
HSBC Company Profile
Founded in 1865, HSBC (The Hongkong and Shanghai Banking Corporation Limited) is one of the world's largest financial services organisations. Headquartered in London, its operations span numerous countries and regions globally. HSBC is also one of the largest banks in Hong Kong, offering comprehensive personal, commercial, and wealth management services.
- Hotel bookings offer
- Airport lounge
- Travel agency offer
- Travel insurance
- New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:- New Travel Partners
- Hilton (available for EveryMile Card and HSBC Privé only)
- Hainan Airlines and China Southern Airlines (available for all credit cards, including EveryMile and HSBC Privé)
- Redemption Rate
- Preferential redemption rate for all EveryMile cardholders: 1 RC = 20 miles / hotel points
- New Travel Partners
- Enjoy an “Interest-free Payment Holiday” for the first two months
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You do not need to repay the first 2-month’s statement balances without finance charge or late charge to enjoy financial flexibility (for new credit card customers and upon physical card activation within the first 60 days of card issuance. No registration is required).
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- HK$2 spent = 1 mile on designated everyday spend; HK$5 spent = 1 mile on local purchases
- Designated merchants include: Klook, Kkday, KMB, Citybus, First Bus, MTR, Starbucks and etc.(complete full merchant list)
- First year annual fee waiver
- Use your RewardCash to redeem amazing rewards or miles / points at 15+ frequent flyer and hotel loyalty programmes, including Aeroplan, Asia Miles™, British Airways Executive Club Avios, Singapore Airlines KrisFlyer, Emirates Skywards, Finnair Plus, Infinity MileageLands etc.
- Please refer to HSBC website for the complete list of flyer and hotel loyalty programmes.
- Lounge Access
- 6 complimentary visits to the Plaza Premium Airport Lounge or free meals at selected airport dining outlets, travel companions enjoy 20% discount on entrance fee
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Insurance and concierge benefits
- Protect yourself and accompanying family members with our complimentary multi-trip travel insurance, which also covers baggage and personal effects and trip cancellation. T&Cs apply
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Visa concierge services
- Earn miles on designated everyday and travel spends. Every HK$2 spent is worth 1 mile(at selected cafés & light meals, local transportation, cross-border transportation and travel services)—see our full merchant list (PDF)
- Flexible RewardCash conversion
- Use the Reward+ App to convert your RewardCash at a preferential rate to miles or points across over 15 frequent flyer and hotel loyalty programmes, or redeem free tickets from over 110 airlines—the widest flight redemption coverage in Hong Kong. See our list of partners
Other things to note
- 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!
- Online shopping rebate
- Overseas rebate
- Annual fee waiver
- Cinema ticketing
New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:
- New Travel Partners
- Hilton (available for EveryMile Card and HSBC Privé only)
- Hainan Airlines and China Southern Airlines (available for all credit cards, including EveryMile and HSBC Privé)
- Redemption Rate
- Preferential redemption rate for all EveryMile cardholders: 1 RC = 20 miles / hotel points
RewardCash rebates across the board, no minimum spending requirement, and no registration needed
- Online transactions: up to 4% RewardCash rebate (capped at HK$10,000 per month) (equivalent to HK$2.5 per air mile); 0.4% rebate for remaining spending
- Designated merchants spending: 8% RewardCash rebate ((capped at HK$1,250 per month); 0.4% rebate for remaining spending)
- Food and beverage: Sushiro Hong Kong, TamJai SamGor Mixian, TamJai Yunnan Mixian
- Fashion and sports: - GU, Decathlon Hong Kong
- Entertainment: NAMCO and TAITO STATION
- Terms and Conditions apply
- Octopus Automatic Add-Value Service and online bill payments transactions: 0.4% RewardCash rebate (equivalent to HK$25 per air mile)
- Terms and Conditions apply
Perpetual annual fee waiver
McDonald’s: Enjoy a maximum of an extra $30 RewardCash each month via HSBC Reward+ Stamp Cards
Now, you can pay credit card bills of other banks with your HSBC credit card – simplify your credit card repayment by consolidating all payments to your HSBC credit card. You can settle your outstanding balances conveniently in just a few taps, with a 1% bill payment handling fee (minimum HKD120).
To borrow or not to borrow? Borrow only if you can repay!
- Overseas rebate
- Airport lounges access
- Dining discount
- Annual Fee waiver
- New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:- New Travel Partners
- Hainan Airlines and China Southern Airlines (available for all credit cards)
- New Travel Partners
- Mainland China & Macau Spending – Up to 4.4% RewardCash
-
Enjoy up to 2.4% RewardCash on Red Hot Rewards of Your Choice when you select Overseas and Mainland China Spending as your chosen spending categories.
- Up to extra 2% exclusive RewardCash rebate for spending made through QR Code Payment and/or Mobile Payment in Mainland China and Macau.
-
- Other year-round offers:
- One card, dual currency, without worrying about exchange rate fluctuations
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Foreign currency transaction fee waiver on every RMB and MOP transaction
-
Up to 40% off at designated merchants. Please download UnionPay app for more details.
- Display the QR code or scan the merchant‘s QR code with HSBC Reward+ to complete transaction at designated merchants that accept UnionPay QR code without having to present the physical card
- First 2 years annual fee waiver
- The Welcome Offer is not applicable to applicants who have cancelled any HSBC personal primary credit card in the past 12 months from the date of approval of the eligible credit card
- In calculating the Eligible Transactions, the conversion rate of HK$ and RMB will be 1:1
- Now, you can pay credit card bills of other banks with your HSBC credit card – simplify your credit card repayment by consolidating all payments to your HSBC credit card. You can settle your outstanding balances conveniently in just a few taps, with a 1% bill payment handling fee (minimum HKD120).
- To borrow or not to borrow? Borrow only if you can repay!
- Overseas rebate
- Dining rebate
- Cinema ticketing
- Dining discount
- New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:- New Travel Partners
- Hilton (available for EveryMile Card and HSBC Privé only)
- Hainan Airlines and China Southern Airlines (available for all credit cards, including EveryMile and HSBC Privé)
- Redemption Rate
- Preferential redemption rate for all EveryMile cardholders: 1 RC = 20 miles / hotel points
- New Travel Partners
- 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
- Exclusive 24-hour Concierge and emergency services provided by Visa
- First 2 years annual fee waiver
Other things to note
- 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!
- Annual Fee waiver
- Local spending rebate
- Supermarket rebate
- Overseas rebate
- New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:- New Travel Partners
- Hilton (available for EveryMile Card and HSBC Privé only)
- Hainan Airlines and China Southern Airlines (available for all credit cards, including EveryMile and HSBC Privé)
- Redemption Rate
- Preferential redemption rate for all EveryMile cardholders: 1 RC = 20 miles / hotel points
- New Travel Partners
- Key Features
- Welcome Offer: Enjoy up to $600 "RewardCash" (equivalent to 6,000 miles)
- 2.4% "RewardCash" Rebate: Simple and straightforward, enjoy rebates with no minimum spending requirement
- Designated Merchants (PARKnSHOP / Watsons / FORTRESS): Earn up to 6X "MoneyBack" points (equivalent to up to 2.4% rebate)
- Double Dip Rewards: Earn up to 4.8% rebate when spending at designated merchants within selected spending categories
- High Flexibility: Choose your preferred rebate categories based on your personal needs
- Annual Fee Waiver: Enjoy an annual fee waiver for the first 2 years
- Designated Spending Categories*: Up to 2.4% "RewardCash" rebate
- (Registration for the Red Hot Rewards of Your Choice is required)
- *Designated spending categories include: Red Hot Dining (Local Dining), Red Hot Travel & Mainland China (Overseas / Mainland China Spending), Red Hot Entertainment (Designated merchants including fitness centers, cinemas), Red Hot Home (Designated merchants including supermarkets, telecom companies), and Red Hot Shopping (Designated merchants including department stores, trendy fashion)
- Designated Merchants (PARKnSHOP / Watsons / FORTRESS): Up to 6X "MoneyBack" points (equivalent to up to 2.4% rebate) (HSBC easy Credit Card must be linked to the "MoneyBack" App)
- Designated Partner Merchants: Enjoy a 8% discount (92折) on designated days of the month (Designated merchants include PARKnSHOP, Watsons, FORTRESS, and Watson's Wine)
- Terms & Conditions
- To enjoy the above rebates, registration for the Red Hot Rewards of Your Choice and linking your HSBC easy Credit Card to the "MoneyBack" App are required
- Successfully link your HSBC easy Credit Card to your "MoneyBack" mobile app account to enjoy 1 year of "MoneyBack" VIP membership.
- Overseas rebate
- Dining discount
- Airport lounge
- Mobile contactless rebate
- New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:- New Travel Partners
- Hainan Airlines and China Southern Airlines (available for all credit cards)
- New Travel Partners
- Enjoy flexible payment in Hong Kong dollars and Renminbi without worrying about exchange rate fluctuations
- Display the QR code or scan the merchant‘s QR code with HSBC Reward+ to complete transaction at designated merchants that accept UnionPay QR code without having to present the physical card
- Now, you can pay credit card bills of other banks with your HSBC credit card – simplify your credit card repayment by consolidating all payments to your HSBC credit card. You can settle your outstanding balances conveniently in just a few taps, with a 1% bill payment handling fee (minimum HKD120).
- First 2 years annual fee waiver
- 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
- In calculating the Eligible Transactions, the conversion rate of HK$ and RMB will be 1:1
- To borrow or not to borrow? Borrow only if you can repay!
- Student card
- Annual Fee waiver
- Local spending rebate
- Cinema ticketing
New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:
- New Travel Partners
- Hilton (available for EveryMile Card and HSBC Privé only)
- Hainan Airlines and China Southern Airlines (available for all credit cards, including EveryMile and HSBC Privé)
- Redemption Rate
- Preferential redemption rate for all EveryMile cardholders: 1 RC = 20 miles / hotel points
Card Benefits
- Get up to 2.4% RewardCash rebate on tuition fees
- Get up to 6X RewardCash for spending in Rewards of Your Choice category. Rebate rate at 2.4% (ie HK$4.17 for 1 mile)
- Enjoy an instant discount of HK$30 when you spend HK$300 or more in a single transaction at any eslite bookstore with your card via mobile or Visa contactless payment
Entertainment benefits
- Enjoy some music as you study with a KKBOX trial for just HK$9.9 during your first month, then HK$53 per month for subsequent months
- Get 10% off regular-priced tickets at CGV Cinemas
Now, you can pay credit card bills of other banks with your HSBC credit card – simplify your credit card repayment by consolidating all payments to your HSBC credit card. You can settle your outstanding balances conveniently in just a few taps, with a 1% bill payment handling fee (minimum HKD120).
Perpetual annual fee waiver
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!
- Annual Fee waiver
- Local spending rebate
- Travel agency offer
- Overseas rebate
- New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options:- New Travel Partners
- Hainan Airlines and China Southern Airlines (available for all credit cards)
- New Travel Partners
- First 2 years annual fee waiver
- 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
- Now, you can pay credit card bills of other banks with your HSBC credit card – simplify your credit card repayment by consolidating all payments to your HSBC credit card. You can settle your outstanding balances conveniently in just a few taps, with a 1% bill payment handling fee (minimum HKD120).
- To borrow or not to borrow? Borrow only if you can repay!
Credit Card Reward Points System
The HSBC credit card reward points system is centred around RewardCash, allowing cardholders to automatically accumulate points on daily spending and flexibly redeem them for various rewards. Below is an overview of how the HSBC credit card reward points system primarily operates and its available redemption options in Hong Kong:
Points Accumulation
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Automatic Accumulation on Spending: Use your HSBC credit card for local, overseas, and online spending to automatically accumulate RewardCash.
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Accelerated Accumulation on Specific Spending: Spend at specific merchants or during promotional periods to earn extra RewardCash or faster rebates.
Points Redemption and Usage
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Cash Rebate/Offset Spending: Use the HSBC Reward+ app to offset credit card bills or specific transactions with RewardCash, a simple and flexible solution.
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Redeem Vouchers & Points: Redeem for K Dollar, MTR Points, MoneyBack points, The Point bonus points, Smart Traveller points, etc., or use as cash at selected merchants, such as K11 MUSEA, MTR, PARKnSHOP, Watsons, Sun Hung Kai Properties malls, etc.
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Redeem Miles: Convert "RewardCash" to air miles for programmes, such as Asia Miles. First-time conversion requires linking your miles account to the Reward+ app.
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Other Rewards: Redeem for gifts, cash vouchers, or travel products, etc.
Management and Enquiry
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HSBC Reward+ App: Cardholders can check point balances, make redemptions, offset bills, manage transactions, and view the latest offers anytime via the HSBC Reward+ app.
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Validity: The validity period of RewardCash varies by card type; some are permanently valid, while others have a 2 to 3-year validity. Pay attention to the expiry date.
How to Apply for an Instalment Plan?
You can apply for an instalment plan via the HSBC HK App, HSBC Reward+ app, or by calling the HSBC customer service hotline. Simply log in to the App, select "Spending Instalment Plan," and follow the instructions to choose the transaction and the instalment period. You can immediately submit the application and instantly receive the approval result.
FAQs
Yes. Full-time university or college students at selected institutions can apply for the HSBC Visa Gold Card for Student, even without income, by providing student identification. This credit card also offers a perpetual annual fee waiver.
Generally, after submitting the required documents, it takes about 10 working days for processing. Once successfully approved, the physical card will be mailed out within 3-5 working days.
Yes. Most HSBC credit card RewardCash have a validity period of at least one year and up to two years; for HSBC Premier Mastercard and HSBC Visa Premium Credit Card, it is up to three years. Unused "RewardCash" will automatically expire.
Yes. Some card types have a perpetual annual fee waiver, such as the HSBC Red Credit Card and visa credit cards for students. For other card types, you can apply for an annual fee waiver via the HSBC HK App, online banking, Live Chat, or by calling 2233 3000. Generally speaking, as long as there is basic spending activity, the bank usually grants the waiver at its discretion.
You can register for "Red Hot Rewards of Your Choice" via the HSBC Reward+ App or website. You can freely allocate additional RewardCash to 5 spending categories (Dining, Lifestyle, Home, Shopping, and Overseas and Mainland China Spending). You can earn up to 2.4% rebate on the first HK$100,000 eligible spending each year.
An applicant is considered a new credit card customer if they do not hold any personal credit card approved by HSBC at the time of application. If you have cancelled any personal credit card issued by HSBC in the past 12 months, you will not be considered a new customer and will not be eligible for welcome offers.
You can immediately report a loss and request a replacement via the "Manage credit cards" function in the HSBC HK App, online banking, or by calling 2233 3000.
You can pay taxes using your credit card via the HSBC HK Mobile Banking App or the online banking platform. For detailed application steps, please refer to the official HSBC website.
Currently, HSBC offers two credit cards with a perpetual annual fee waiver:
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HSBC Red Credit Card
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HSBC Premier Mastercard (Exclusive to HSBC Premier customers).
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No. The HSBC "Red Hot Rewards of Your Choice" programme is only applicable to selected credit cards (e.g., Visa Signature, Platinum Visa, Premier Mastercard, UnionPay Dual Currency Card, etc.) and does not include the HSBC Red Credit Card, HSBC EveryMile Credit Card, and certain promotional cards. Once registered, the selected categories will be automatically applied to all your eligible HSBC credit cards.
From January 1, 2025, to December 31, 2025, cardholders can freely allocate an additional 5x "RewardCash" rebate across five designated spending categories based on their personal spending habits: "Dining," "Lifestyle," "Home," "Shopping," and "Overseas and Mainland China Spending."
Every year, before the start of “Red Hot Rewards of Your Choice” programme promotion period, existing customers must log in to the HSBC Reward+ App or the official website within the specified period to re-register and allocate the extra 5X RewardCash to their preferred spending categories. Otherwise, the previous year’s allocation will remain in effect for the new year.
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