Credit Cards

Best Cash Back Credit Cards in Hong Kong (Updated in Jan 2019)

現金回贈

Cash back credit cards. What an excellent idea? Banks will give you cash back right after you spend money. Different banks, like HSBC, DBS, Citibank, BOC, and more, have launched their very own version of cash back credit cards with various strengths. Let’s compare the best credit cards in Hong Kong!

Best cash back credit cards for the early 20s

Some of the cash back credit cards are quite welcomed to those with lower income, new job-seekers, and even tertiary students. Our list only includes those with rebates higher than or equal to 2% for specific spending categories. Here’re some choices for those who earn $150,000 or below annually.

Best Cash Rebate Credit Card Combos 2019
(Career newbie/ Low income requirement)
Spending Category Credit Card
Dining HSBC Platinum Card
Overseas HSBC Platinum Card, Fubon Titanium Card
Supermarket/
Telecom/Broadband monthly fee
Citi Rewards Credit Card
Online Spending BOC i-card
Contactless Payments BOC i-card, CCB (Asia) eye Card
Online Bill Payments CNCBI Motion Credit Card
Entertainment Prime Credit WeWa UnionPay Diamond Card
Octopus auto-add value Prime Credit EarnMore UnionPay Diamond Card

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Cash back credit card for dining spending

HSBC Platinum Card: By allocating the extra 5X RewardCash under the “Red Hot Rewards of Your Choice” into the dining spending category, you could earn a total of 6X RewardCash. Assuming $1 RewardCash equals to HK$1, you could earn 2.4% rebates. You could pay your bills or other transactions with RewardCash via the app “HSBCReward+”.

Cash back credit cards for online spending

BOC i-card: Tertiary students are welcomed to apply. 1X Basic Points and 9X extra Points would give you a total of 10X Points, which equivalent to 4% rebates. You could earn at most 10,000 Points per month with the transaction amount of HK$1,112.

CCB (Asia) eye Card: 1X Basic Points and 4X Extra Points would give you 5X Points in total. You could earn at most 300,000 extra points per year. You could also earn an extra 2X Points, which gives a total of 7X, and 2.8% rebates after signing up for Instant Fly Club and pay your travel expenses (e.g. airfare and local tours) with foreign currency or online booking.

Cash back credit cards for overseas spending

HSBC Platinum Card: Earn 5X extra RewardCash with a maximum of HK$300 RewardCash at each stage, if you have accumulated online and overseas spending of HK$3,000 in each period within this year. You could earn 11X RewardCash with your RMB or foreign currency spending by including the 5X RewardCash multiplier in “Red Hot Rewards of Your Choice”, and “China” and “World” categories.

Fubon Titanium Card: Earn 8X Points with spending in Japan and Korea. You could redeem your points with approximately 3.64% cash rebates. Transactions in Taiwan could earn you 20X Points, which is equal to 9.09% rebates. Noted that the validation period for Points is only one year and there are caps for the extra Points for the spending in Japan/Korea and Taiwan.

DBS Eminent Visa Platinum Card: 2% rebates, which could act as back-up. But spending in Macau Pataca and overseas transactions using HKD are not regarded as eligible spending.

Cash back credit cards for supermarket spending

Citi Rewards Card: 5X Points equals 2% rebates. Earn 8X Points during birthday-month, which is approximately 3.2% rebates. Earn 5X and 8X with spending in department stores and telecom companies respectively. Points are validated permanently.

Cash back credit cards for contactless payment

BOC i-card: Same as online transactions, you could earn 10X Points and maximum extra 10,000 Points in a month, which is equivalent to 4% rebate.

CCB (Asia) eye Card: Earn 5x Points, the cap is applicable with online transactions, which is an extra 300,000 Points in a year.

Since the maximum extra points cap for BOC i-card is low, you may consider BOC Dual Currency Diamond Card or CCB(Asia) eye Card as back-up cards for contactless payment.

Cash back credit card for entertainment spending

PrimeCredit WeWa UnionPay Diamond Card: Tertiary students are welcomed to apply. Earn 4% rebates with spending on travel, cinema, karaoke and theme park categories.

Cash back credit cards for Octopus automatic add-value service

PrimeCredit EarnMORE UnionPay Diamond Card: Tertiary students are welcomed to apply. 2% rebates all year round, with a year cap $2,000 for the extra 1% rebate. Transactions with less than 2% rebates are also applicable for this card.

Cash back credit cards for paying utility fees via e-banking

CNCBI motion Card: Earn 0.55% rebates for the first HK$10,000 online bill payments each month except for paying insurance premiums and taxes.

BOC i-card/CCB (Asia) eye Card/HSBC Platinum Card: After calculation, we could see that all the three cards offer 0.4% rebates. In particular, BOC i-card offers a maximum of 10,000 Points per month in which the cap is shared with other spending categories. Whereas HSBC only takes the first HK$10,000 bill payments into account.

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Best cash back credit cards for higher-income individuals

Given the quite satisfactory rebates for the early 20s; if you have quite a satisfactory earning, you are eligible to more credit card options with different spending categories, and therefore, more flexible combinations of cards:

Best Cash Rebate Credit Card Combos 2019 (Advanced)
Spending Category Credit Card
Dining HSBC Visa Signature Card
Overseas HSBC Visa Signature Card, HSBC Premier Mastercard, BOC Travel Rewards
Visa Signature Card
Supermarket/
Telecom/Broadband monthly fee
Citi Rewards Credit Card
Online Spending HSBC Visa Signature Card, HSBC Premier Mastercard
Contactless Payments BOC i-card, BOC Dual Currency
Diamond Card
Online Bill Payments ICBC Horoscope Card
Entertainment Prime Credit WeWa UnionPay Diamond Card
Octopus auto-add value Prime Credit EarnMore UnionPay Diamond Card

2019-Cash-Back-Credit-Cards

Dining Spending

HSBC Visa Signature Card: With the 3X RewardCash under “Red Hot Rewards of Your Choice”, you can enjoy 9X RewardCash, which is equal to 3.6% rebates.

Citi Cash Back Visa Card: If you allocate your “Red Hot Rewards of Your Choice” to other spending categories; aside from PrimeCredit Earn More UnionPay Diamond Card and CNCBI motion Card, this card would earn you 2% rewards in dining and hotel categories. Noted that you can save your rebates in your credit card account only when you have accumulated HK$200 cash rebates.

Overseas spending

HSBC Premier Mastercard: Earn 5X extra RewardCash for online and overseas transactions all year round, and 5X extra RewardCash for this card, which in total 10X extra RewardCash/4.4% Rebates. If you allocate “Red Hot Rewards of Your Choice” to  “China” or “World” categories, you can enjoy 6.4% rebates for overseas spending.

Notice that online and overseas spending offers is divided into four phases, and it is required to accumulate spending of HK$3,000 in each period within this year to earn extra rewards. This card is applicable for Premier customers only, which requires a total relationship balance of HK$1,000,000 or more.

Fubon Platinum Card: Same as Titanium Card, you could earn 4X, 8X and 20X Points for overseas spending. Just that it has a higher annual income requirement.

BOC Travel Rewards Visa Signature Card: It might be a bit complicated if you want to earn 8% rewards. You need at least 3 local transactions, one overseas spending of/over HK$500 and an accumulated amount of HK$6,000 or above at that month. You could earn at most HK$500 rebates per month, which means overseas spending of HK$6,250 would be enough.

Contactless payment

BOC Dual Currency Card: In Hong Kong, most of the chain convenience stores, supermarkets, fast food stores, bakeries, food retailers and electronic stores accept UnionPay QuickPass. You could earn 4% rebates within 2019 by using UnionPay QuickPass or mobile payments. You could earn a maximum of HK$100 rebates per month and the upper limit of transaction amount would be HK$2,500.

Paying utility fees via e-banking

ICBC Horoscope Card: Visa Signature and UnionPay Diamond Prestige version provide 1.5% rebate for local and overseas spending, including bill payments (except for taxes). You can choose the preferred horoscope card face design when applying for this card.

But starting from 3rd June 2018, value-added and transfer service of e-wallet (including Alipay, PayMe、Tap & Go and WeChat Pay) won’t be eligible for rewards anymore.

Welcome offers

Standard Chartered Simply Cash Visa Card: Although you are rewarded with 2% rebates as welcoming offer with PrimeCredit EarnMore UnionPay Diamond Card and CNCBI motion Card as new applicants this year, this card offers 100% welcoming rebates, which you can earn at most $1,000 for welcome offers.

Your rebates are directly proportional to your spending amount. It also offers 2% rebates for foreign currency rebates and 1.5% HKD transactions.

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Looking for other cash back credit cards? Click here to find out more!

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