Credit Card Guide in Hong Kong 2023 - Cashback, Airmiles, Rewards

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Other than cash and e-wallets, credit cards are the main payment method in Hong Kong. Find out about asia miles rebate, promotions, interest rates, eligibility requirements and different reward types in our Hong Kong credit card guide. Maximise your spending today with MoneyHero!

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Cashback Credit CardsAirmiles Credit Cards

 
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💳  What Credit Cards are available in Hong Kong?

 

In Hong Kong, you can get and use credit cards from common card brands such as Visa, Mastercard, American Express and UnionPay. Do beware that while Visa and Mastercard are commonly accepted, there may be smaller merchants who may not accept American Express cards.

💳  What do I need to apply for a credit card in Hong Kong?


Most banks, such as Citibank, Standard Chartered and HSBC, in Hong Kong issue Credit Cards for cashback and airmiles rebate. To apply for a credit card in Hong Kong, you will need to provide proof of income and address.  Your bank may also offer you a credit card when you open a bank account.

 

💲  Should I choose cashback or airmiles?


It depends on what you would like your credit card to do for you. If you would like to have your credit card fund your next round trip ticket to Japan, an airmiles card might be the one for you. If you love the idea of having cashback to offset your monthly spending, a cashback card is for you. Some cards offer rebates in reward points that could be redeemed for statement credits, airmiles or even gifts. 

 

💲  Do I have to pay an annual fee?


Most cards in Hong Kong do not charge an annual fee for new customers in their first year and waiving annual fees could be as simple as a quick click on the bank app or a call to customer service.  

💰  Best Cash Back Credit Cards in Hong Kong

Hang Seng MMPOWER Card

 

Hang Seng's MMPOWER Card gives users great flexibility on what categories they would like to maximise their cashback on. Other than the always-on 5% +FUN Dollar rebate on Online Shopping spending, cardholders can register for the "Everyday +FUN Dollars spending programme" and get up to 5.4% rebate on 2 of their chosen spending categories out of the below 5:

  • Mobile Payment
  • Dining (dine-in and takeaway spending at restaurant outlets)
  • Travel and foreign currency (hotels, airlines, travel agencies and more )
  • Electronics
  • Entertainment (video and music streaming platforms, local cinemas in Hong Kong, local theme parks, Cityline ticket spending, and more)

+Fun Dollars can be redeemed through selected merchants such as Wellcome and Uniqlo, instantly reducing your transaction amount at the checkout. From July 2023 on, you can also use +FUN dollars to pay your credit card balance.

 
Exclusive Offer
Hang Seng MMPOWER World Mastercard®

Hang Seng MMPOWER World Mastercard®

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

3 Offers Available

MoneyHero Exclusive Offer (New to Bank Customer)
New Credit Card Customer : LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)
New Credit Card Customer : LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)

+ 6 other gift options

Valid until

31 July 2024

MoneyHero Exclusive Offer (Existing Customer)
Existing Credit Card customer : POLAROID Go Instant Camera (valued at HK$999)
Existing Credit Card customer : POLAROID Go Instant Camera (valued at HK$999)

+ 4 other gift options

Valid until

31 July 2024

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

+ 1 other gift options

Valid until

31 December 2024

Things to consider for this product:

check

Local spending rebate

check

Online Spending

check

Overseas rebate

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No Annual Fee


Citi Cash Back Card

Citi's Cash Back Card is one for those who crave a no-fuss card. The card boasts 1% cashback on all local spending and a 2% rebate on all local dining, local hotel spending. It's worth noting that there's also a 2% rebate available for all foreign transactions, which effectively counters any foreign transaction fee charges!

The cashback is automatically credited to your statement once the amount accumulates to HK$200, a perfect no-brainer. 

Citi Cash Back Card

Citi Cash Back Card

Cashback Local
2  %
info
Cashback Overseas
2  %
info
Cashback Dining
2  %
info
Annual Fee Waiver
First year

Offer Available

MoneyHero Exclusive Offer
HK$1,600 Cash Rebate
HK$1,600 Cash Rebate

Valid until

31 July 2024

Things to consider for this product:

check

Purchase protection

check

Local spending rebate

check

Foreign txn rebate

check

Annual Fee waiver

Standard Chartered Smart Credit Card

Standard Chartered's Smart Credit Card boasts 5% rebate for selected merchant spending, which includes ParkNShop, Watsons, Deliveroo and Netflix, getting the most bang for your buck in your daily spending. 

One of its best features, will no doubt be its welcome offer. All new Standard Chartered Credit Card customers upon spending HK$4,000 of eligible transactions, could get HK$1,200 cashback. That's a 30% rebate! There are even more rewards if you apply through MoneyHero.

The card does not charge fees, there are no foreign exchange fees, annual fees or cash advance fees. What's also free is a 3-month instalment plan for any retail spending over HK$500 but do beware that the bank will deduct HK$1 CashBack from the reward redemption platform for every HK$180 instalment amount applied. 

 

Exclusive Offer
Standard Chartered Smart Credit Card

Standard Chartered Smart Credit Card

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

2 Offers Available

MoneyHero Exclusive Offer
HK$800 Apple Store Gift Card
HK$800 Apple Store Gift Card

+ 5 other gift options

Valid until

31 July 2024

Welcome Offer
HK$800 CashBack
HK$800 CashBack

+ 1 other gift options

Valid until

31 July 2024

Things to consider for this product:

check

Installment

check

No foreign txn fee

check

Local spending rebate

check

Annual Fee waiver


✈️Best Airmiles Cards in Hong Kong

Standard Chartered Cathay Mastercard

The Standard Chartered Cathay Mastercard is one of the best miles cards in Hong Kong. Co-branded with Cathay Pacific, the card offers direct rebates in Asia Miles. The rebate rate is HK$4/mile for dining, online and overseas spending and HK$6/mile for other spending. Don't forget the whooping HK$2/mile whenever you spend on Cathay and HK Express. With its generous welcome offer, you only have to spend HK$5,000 to get 15,000 miles, which could get you round-trip tickets to Taipei.

If you can swing the HK$4,000 or HK$8,000 annual fee, or be a Priority Banking/Priority Private banking client respectively with Standard Chartered, consider getting the higher-tiered cards and get premium treatment at the airport! The higher tier cards get you priority check-in at Cathay premium counters and exclusive Cathay Pacific Business class lounge passes that are sharable with you're loved ones and upgrade your trip with airport lounge visit to rest up before your flight. 

 

Exclusive Offer
Standard Chartered Cathay Mastercard

Standard Chartered Cathay Mastercard

Annual Fee
HK$ 2,000
info
Airmiles Dining
$ 4  per mile
info
Airmiles Local Online Shopping
$ 6  per mile
info
Airmiles Overseas
$ 4  per mile
info

3 Offers Available

Offer Upgrade (Mutually exclusive form Exclusive Offer)
Dyson Supersonic™ HD15 Hair Dryer (Valued at HK$3,780; random colour) (redeem using Standard Chartered Cathay Mastercard with HK$1,300)
Dyson Supersonic™ HD15 Hair Dryer (Valued at HK$3,780; random colour) (redeem using Standard Chartered Cathay Mastercard with HK$1,300)

+ 1 other gift options

Valid until

31 July 2024

MoneyHero Exclusive Offer
LEGEND WALKER 31
LEGEND WALKER 31" Luggage (valued at HK$5,600, random color)

+ 6 other gift options

Valid until

31 July 2024

Welcome Offer - Up to 60,000 Miles
60,000 Miles
Up to 60,000 Miles

Valid until

30 September 2024

Things to consider for this product:

check

Welcome offer: Air miles

remove

Air miles conversion

remove

Hotel bookings offer

remove

Overseas rebate

Standard Chartered Cathay Mastercard - Priority Banking

Standard Chartered Cathay Mastercard - Priority Banking

Airmiles Dining
$ 4  per mile
info
Airport Lounge Access
4  times
info
Airmiles Local Online Shopping
$ 6  per mile
info
Airmiles Overseas
$ 3  per mile
info

3 Offers Available

Offer Upgrade (Mutually exclusive form Exclusive Offer)
Dyson Supersonic™ HD15 Hair Dryer (Valued at HK$3,780; random colour) (redeem using Standard Chartered Cathay Mastercard with HK$1,300)
Dyson Supersonic™ HD15 Hair Dryer (Valued at HK$3,780; random colour) (redeem using Standard Chartered Cathay Mastercard with HK$1,300)

+ 1 other gift options

Valid until

31 July 2024

MoneyHero Exclusive Offer
LEGEND WALKER 31
LEGEND WALKER 31" Luggage (valued at HK$5,600, random color)

+ 6 other gift options

Valid until

31 July 2024

Welcome Offer - Up to 80,000 Miles
80,000 miles
Up to 80,000 miles

Valid until

30 September 2024

Things to consider for this product:

check

Welcome offer: Air miles

check

Priority Pass

check

Airport lounge

check

Air miles conversion

HSBC EveryMile Credit Card

HSBC's newest addition to the miles card market is the HSBC EveryMile Credit Card. It boasts a HK$2/mile rate for selected merchants that cover a wide base, spanning from covering your everyday caffeine fix (Starbucks, Pacific Coffee, Pret a Manger, NOC) to your online subscriptions (Netflix, Spotify, Disney+). On other spending, you will be earning miles at HK$5/mile.

What is extra special about this card is that when you put your travel spending (plane ticket and or hotel booking transaction) on the card, you are automatically protected by its free travel insurance. Cardholders are also entitled to 6 Plaza Premium Lounge visits per year. If there's not enough time to properly enjoy the lounge, you can also use the visit quotas to redeem food and beverage at selected dining outlets. 

Like all HSBC cards, EveryMile offers rebates in Reward Cash, which could be redeemed through the Reward+ cash as statement credits, 12 types of different airmiles or physical gifts. 

 

HSBC EveryMile Credit Card

HSBC EveryMile Credit Card

Complimentary Travel Insurance
Yes
info
Airport Lounge Access
1  time
info
Airmiles Overseas
$ 5  per mile
Airmiles Local
$ 5  per mile

10 Offers Available

HSBC Welcome Offer
$800 RewardCash
$800 RewardCash

+ 1 other gift options

Valid until

28 February 2025

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

Valid until

31 July 2024

Limited-Time Avios Points Offer
Extra 25% Avios points
Extra 25% Avios points

Valid until

31 July 2024

HSBC Spending Offer
Up to HK$9.2 discount per litre of gasoline at Caltex
Up to HK$9.2 discount per litre of gasoline at Caltex

Valid until

30 September 2024

HSBC spending offer
Up to $1,420 Point Dollar
Up to $1,420 Point Dollar

Valid until

22 September 2024

HSBC x Klook Offer
Up to $1,000 RewardCash rebate on Klook spending
Up to $1,000 RewardCash rebate on Klook spending

Valid until

31 July 2024

HSBC spending offer
Up to extra 6% RewardCash rebate on Broadway spending
Up to extra 6% RewardCash rebate on Broadway spending

Valid until

31 August 2024

HSBC spending offer
Up to 30% rebate on AIRSIM
Up to 30% rebate on AIRSIM

Valid until

31 August 2024

Limited-time Offer
Oversea spending low as HK$2 per mile
Oversea spending low as HK$2 per mile

Valid until

31 December 2024

HSBC Red Hot Dining Special - Hotel Dining
Enjoy exclusive offers of up to 30% off at designated hotel restaurants
Enjoy exclusive offers of up to 30% off at designated hotel restaurants

Valid until

30 September 2024

Things to consider for this product:

check

Hotel bookings offer

check

Airport lounge

check

Travel agency offer

check

Travel insurance

Citi PremierMiles Credit Card

The Citi PremierMiles Card offers up to 12 types of different membership rewards. Cardholders can get as low as HK$3/mile on foreign transactions (upon spending more than HK$20k that month) and get HK$8/mile on local spending. 

Cardholders can also access Plaza Premium Lounges 12 times per year (but make sure to make HK$5k spending on your card afterward!) and would be entitled to free travel insurance by putting their plane ticket or hotel charges on the card. 

Citi PremierMiles offers its rewards in Citi Points, which never expire. The points can be redeemed as statement credits, 11 frequent flyer programme points and could even be redeemed for IHG hotel rewards without handling charge. 

Citi PremierMiles Card

Citi PremierMiles Card

Airmiles Local
$ 8  per mile
Airport Lounge Access
12  times
info
Air Miles Conversion Fee
Waived
Airmiles Overseas
$ 3  per mile
info

Offer Available

MoneyHero Exclusive Offer
HK$1,600 Cash Rebate
HK$1,600 Cash Rebate

Valid until

31 July 2024

Things to consider for this product:

check

Air miles conversion

check

Airport lounge

check

Travel insurance

check

Purchase protection


Hong Kong Credit Card Frequently Asked Questions

What is the interest rate on credit cards in Hong Kong, and how does it compare to other countries?

The interest rate on credit cards in Hong Kong varies from card to card. Typically, credit card interest rates in Hong Kong have an APR of around 30%. To avoid unnecessary charges, we recommend paying your balance on time and in full. 


 

What are the eligibility requirements for obtaining a credit card in Hong Kong?

 

 

 

The requirements for getting a credit card in Hong Kong vary depending on the issuing bank. Generally, you'll need to be at least 18 years old, have a stable income and have a good credit history.