Top Credit Cards in Hong Kong: A 2025 Guide

A credit card is an incredibly powerful tool. Not only does it help you pay for high-value purchases and build your credit history, but it also offers a variety of perks, such as reward points and airline miles.

Not all credit cards are created equal. They vary in terms of benefits, and their suitability depends on your spending habits and financial goals. Picking a credit card in Hong Kong is far from a straightforward task.

What to Consider Before Choosing a Credit Card

It is incredibly overwhelming to pick the right credit card, given the countless options available in the market.

Here are some key factors to help you choose the best credit card in HK that suits your financial needs:

Annual Percentage Rate

The APR on your credit card denotes the interest rate chargeable if you don't pay the full outstanding amount at the end of your credit cycle.

Some issuers offer promotional APR at 0% to attract new customers, and no interest is charged during the initial 12-21-month period. Once the promotional period is over, regular APR kicks in.

When choosing a credit card in HK, opt for an APR lower than the average credit card interest rate. Even though the Hong Kong Monetary Authority (HKMA) doesn't impose any interest rate restrictions on the card issuer, they cannot charge disproportionately high-interest rates.

Annual Fee

The amount you pay to the card issuer every year to maintain your account is known as the annual fee. 

A credit card with a higher annual fee usually entitles you to more perks and benefits. Similarly, cards with low or no annual fees typically offer fewer perks.

Credit Limit

Your credit limit is the maximum amount of money you can spend using your credit card. The card-issuing bank determines it based on a few factors, such as your monthly income, creditworthiness, employment status, and more.

The initial credit limit depends on your credit score and income. It can change subject to the issuer's discretion. Pay attention to the minimum limits when researching credit cards in Hong Kong, as the final limit is only disclosed once your application is approved. 

Cash Advance Fees

Be aware of any fees associated with taking cash advances using your credit card. These fees can be a flat amount or a percentage of the amount advanced and are typically higher than the APR for purchases. Note that some credit cards charge foreign transaction fees for transactions made in a foreign currency.

Rewards Programs

Consider the credit card's rewards program. This could include a cash rebate, airline miles, points, travel insurance, or other benefits. Make sure to understand which are eligible transactions for earning rewards. Some cards may exclude certain categories or offer bonus points on specific purchases. Choose a program that aligns with your spending habits and goals.

Local and Overseas Spending

Consider how much you spend locally versus overseas. Some cards offer better rewards programs for specific types of spending, so choose a card that aligns with your spending habits.

Minimum Spending Requirement

Your credit card's minimum spending requirement is the amount you have to spend to earn rewards or waive fees.

If it's too high, you risk overspending and debt. If it's too low, you may miss out on better rewards.

Choose a card that fits your budget. Meet the minimum spending requirement wisely by using it for bills, buying gift cards, timing big purchases, or covering costs for others and getting reimbursed.

Annual Income

Annual income is your total yearly earnings and a key requirement in credit card applications.

Applying without meeting the required income may result in rejection. While a denial won’t hurt your credit score long-term, the hard inquiry from your application can stay on your report for up to two years and may slightly impact your score for a month or two.

Top Hong Kong Credit Cards to Choose in 2025

Choosing the right credit card can make or break new credit card customers' financial journey. 

Here’s a look at the top 6 credit cards from banks in Hong Kong you can choose from:

1. AEON CARD WAKUWAKU

A collaboration between AEON Credit Service (Asia) Co., Ltd. and Mastercard, the AEON Card WAKUWAKU is designed for frequent online shoppers and travelers to Japan. With attractive cashback offers and no annual fees, it provides excellent value for Hong Kong residents.

To apply, you should:

• Be at least 18 years old
• Be a Hong Kong resident

Pros

• Lifetime waiver of annual fees
• Up to 16% cashback as a welcome offer, plus a HKD 400 rebate
• Convenient application via the AEON HK app

Cons

• No travel insurance or additional purchase protection
• Cashback rates vary based on spending categories

2. Citi Cash Back Card

The Citi Cash Back Card is a strong choice for those looking to earn maximum cashback on everyday purchases. Designed for spending in Hong Kong and abroad, it focuses on cashback rewards instead of travel perks like air miles or lounge access. Unlike many other cards, there is no cap on the cashback you can earn, making it a practical option for frequent spenders.

To apply, you should:

• Be at least 18 years old
• Be a Hong Kong resident
• Have a minimum annual income of HKD 120,000

Pros

• Unlimited cashback with no earnings cap
• 2% cashback on dining, hotels, and foreign currency transactions
• 1% cashback on all other local purchases
• Comprehensive purchase protection against damage or loss

Cons

• Annual fee of HKD 1,800 may be high for some users
• No travel perks such as lounge access or air miles
• Foreign transaction fee of 1.95% on overseas spending

3. Standard Chartered Smart Credit Card

For those who frequently shop on international websites or travel abroad, the Standard Chartered Smart Credit Card is a standout option. With no fees for foreign transactions, annual membership, or cash advances, it is often recognized as one of Hong Kong's most cost-effective travel credit cards.

To apply, you should:

• Be at least 18 years old
• Be a Hong Kong resident
• Have a minimum annual income of HKD 96,000

Pros

• No annual fees or foreign exchange charges
• 5% cashback on purchases from designated merchants
• Zero-interest installment plan for three months

Cons

• Higher interest rates for cash advances and retail spending
• Limited cashback categories compared to other credit cards
• Late payment fees with a capped percentage of outstanding balance

4. DBS Eminent Card

For those seeking a premium credit card with exclusive perks, the DBS Eminent Card stands out as a strong choice. It provides high spending limits, ensuring greater financial flexibility while rewarding users with attractive rebates on lifestyle categories. Designed for individuals who value both luxury and savings, this card enhances everyday experiences with exclusive benefits on dining, shopping, and travel.

To apply, you should:

• Be at least 18 years old
• Be a Hong Kong resident
• Have a minimum annual income of:
• HKD 360,000 for Visa Signature
• HKD 150,000 for Visa Platinum

Pros

• High cashback rates on designated spending categories
• Extensive lifestyle privileges on shopping, dining, and travel
• Flexible spending limits for greater financial freedom

Cons

• Annual fees apply for both card tiers
• Foreign transaction charges for HKD payments made overseas
• Late payment penalties could add extra costs
• Foreign transaction fee of 1.95% on overseas spending

5. Mox Credit Card

Unlike many traditional credit cards that require proof of income, the Mox Credit Card offers a more accessible solution for those who may not have verifiable earnings yet. Issued by Mox Bank, a fully digital financial institution backed by Standard Chartered, HKT, PCCW, and Trip.com, this virtual credit card is widely regarded as one of the easiest to obtain in Hong Kong. With a quick online application process, applicants can receive approval within minutes.

To apply, you should:

• Hold a Hong Kong Identity Card (permanent or non-permanent resident)
• Have a valid Hong Kong residential and mailing address
• Be at least 18 years old

Pros

• No annual fees or late payment penalties
• Simple and fast application process with near-instant approval
• Virtual credit card that integrates seamlessly with digital wallets

Cons

• No premium perks such as lounge access or travel insurance
• Foreign transaction fee of 1.95% on overseas spending
• Lower cashback rates compared to some other credit cards

6. Hang Seng HKD Commercial World Mastercard®

Designed to meet the financial needs of businesses, the Hang Seng HKD Commercial World Mastercard® offers seamless and secure transactions, virtual card options, and a suite of business-focused benefits. With significant cash rebates on online foreign currency purchases and exclusive business perks, this card is a valuable tool for companies looking to optimize spending and streamline operations.

To apply, you should:

• Own a business account with Hang Seng Bank
• Be an existing business banking customer to apply via the Online Application Platform or in-person with a completed PDF application form

Pros

• High cashback rewards for online foreign currency transactions
• Strong security features with virtual card availability
• Complimentary travel insurance for business trips
• Airport lounge access for corporate travelers

Cons

• Annual fee of HKD 980 may not suit smaller businesses
• Foreign transaction fee of 1.95% on overseas spending
• Only available to Hang Seng business account holders

7. Citi Prestige Card

Citibank credit cards can be good, but it depends on your spending habits and financial goals. An ultra-premium travel and lifestyle credit card, the Citi Prestige Card from Citibank has an excellent rewards program. For high-income credit card customers, this one is a top choice for all the perks it provides.

To apply, you should:

• Be at least 18 years old
• Have a minimum income of HKD 600,000

Pros

• “FlexiBill" installment program allows you to convert your bill into smaller payments
• Receive 20,000 Miles every year as a Thank You gift
• Get a free night stay when you book any hotel for a minimum of 4 consecutive nights 
• Complimentary access to over 1,300 airport lounges worldwide

Cons

• High annual fees and minimum income requirement  
• No travel insurance or purchase protection
• Foreign transaction fee of 1.95% on overseas spending

8. DBS Black World Mastercard

DBS's Black World Mastercard is a great choice for those looking for a credit card that offers airline miles without any expiry date. With every HK$250 spent, all DBS personal credit cardholders (except from COMPASS VISA cardholders) can earn DBS $1, which they can then redeem for cash rebates or other benefits through the Reward Scheme.

To apply, you should:

• Be at least 18 years old
• Have a minimum income of HKD 240,000

Pros

• Cardholders can benefit from a conversion rate as low as HKD 2 per mile for overseas spending if they register through the DBS Card+ App and accumulate retail spending of HKD 80,000 within a specified time frame
• Welcome bonus of up to 32,000 miles 
• When using DBS$ to purchase airline tickets and hotel stays via the iGO Rewards platform, cardholders can save up to 45%

Cons

• High annual fees  
• No travel insurance 
• Foreign transaction fee of 1.95% on overseas spending

9. HSBC Red Credit Card

If you enjoy shopping online or at local supermarkets, there’s probably no better card than HSBC Red Credit Card — thanks to the generous rewards offered for every swipe. Issued by HSBC Bank, this one stands out for various reasons:

To apply, you should:

• Be at least 18 years old
• Have a minimum income of HKD 120,000

Pros

• You can share the RewardCash with family and friends
• Earn an additional HKD 200 RewardCash when you apply for a Cash Instalment Plan
• RewardCash can be redeemed for air miles or offset both monthly spending and individual transactions

Cons

• Some rewards/offers may be time-limited 
• Online purchases up to HKD 10,000 per calendar month are eligible for a 4% RewardCash reward; purchases over this amount are eligible for a 1% rebate
• Foreign transaction fee of 1.95% on overseas spending

10. Standard Chartered Cathay Mastercard

Formerly known as Asia Miles Mastercard, Standard Chartered credit cards are the only HK credit cards that allow you to earn miles by using banking services. They are also popular for having the lowest air mile conversion rate. 

To apply, you should:

• Be at least 18 years old
• Have a minimum income of HKD 96,000

Pros

• Welcome offer of up to 60,000 Miles
• No cap on the Asia Miles earned every month
• Additional discount on hotel bookings through Agoda and Expedia

Cons  

• No travel insurance or purchase protection
• High annual fee

11. Hang Seng enJoy Card

Hang Seng enJoy Card is a collaboration between Hang Seng Bank and Yuu Rewards Program. Anyone who uses a credit card for daily expenditures can enjoy extra rewards offered by this card.

To apply, you should:

• Be at least 18 years old
• Have a minimum income of HKD150,000 (except for full-time university / tertiary students)
• Be a resident of Hong Kong

Pros

• 120,000 yuu Points for new customers and 80,000 yuu points for existing customers
• A centralized Yuu reward app available for earning and redeeming point 
• Local spending earns 2% cashback

Cons 

• No travel insurance or purchase protection
• High annual percentage rate

12. American Express® Platinum Credit Card

This American Express Platinum credit card is a premium offering that provides a diverse range of privileges. While most of these pertain to travel, you can also earn reward points and redeem them for shopping, gym memberships, and digital entertainment.

To apply, you must:

• Be at least 18 years old
• Have a minimum annual income of HKD 300,000
• Be a resident of Hong Kong or Macau

Pros

• Points can be redeemed for complimentary flights, airline upgrades, and companion tickets
• Attractive introductory offers include 4 complimentary movie tickets and cash vouchers up to HKD 500  
• Complimentary travel insurance 
• Year-round Buy-1-Get-1-Free offer on Fridays on 3D, 2D, and IMAX

Cons

• High annual fee 

Bottom Line

The multitude of options available in the market makes it challenging to find the perfect HK credit card for you. It helps to research and compare various credit cards in Hong Kong to identify what works best. 

No matter what your end goal is, don’t settle for the first card that comes your way. Looking to open a company bank account in Hong Kong? Let Air Corporate help you!