Being known as one of the best cards for daily spending, the Hang Seng MMPOWER Mastercard has taken the stage since its rebranding. The card sets itself apart from other cashback credit cards with a 5% +FUN Dollars rebate for online shopping and a 6% +FUN Dollars rebate for overseas spending. Plus, it offers special movie offers from MLC, concerts and events, and more World Mastercard privileges to cover.
We’ll review this card and also cover the tricks of making the most of it, including the maximum rebate on Fun Dollars you can get and the merchant categories, so you’ll be assured to be told everything you need to know to make the most of this Hang Seng MMPOWER Mastercard.
Hang Seng MMPOWER World Mastercard: Is it worth applying? MoneySmart credit card rating
2023 Dec update: Hang Seng MMPOWER has updated its rewards program
| Hang Seng MMPOWER Updates | Old Features | New Features |
|---|---|---|
| Rebates Threshold | No Requirement | HK$5,000 monthly spending |
| Maximum Cash Rebate | $800 +FUN Dollars | $500 +FUN Dollars |
| Online Spending | 5% +FUN Dollars | 5% + FUN Dollars |
| Overseas Spending | 5.4% +FUN Dollars | 6% +FUN Dollars |
| Selected Categories | 5.4% + FUN Dollars (Mobile payment, Dining, Travel, Electronics, Entertainment) | 1% +FUN Dollars (Dining, Electronics, Entertainment) |
In December 2023, Hang Seng MMPOWER has upgraded its +FUN Dollars rewards program. Here are the changes:
- ✅Hang Seng MMPOWER World Mastercard has been updated to maintain a 5% +FUN Dollars rebate for online shopping (0.4% + an additional 4.6% rebate).
- ✅Rebate for foreign currency spending has increased to 6% +FUN Dollars, so you now can earn high rebates by purchasing flight tickets, booking hotels!
- ✅ Permanent annual fee waiver
- 😔Other spending now offers a reduced 1% +FUN Dollars rebate for dining, electronic products, and entertainment.
- 😔Note that the monthly spending threshold has increased to HK$5,000 for eligible transactions (You would need to reach the required amount to enjoy the +FUN Dollars rebate.)
In short, Hang Seng MMPOWER World Mastercard has repositioned to be the most powerful travel high-rebate card after the update.
| Hang Seng MMPOWER World Mastercard—Is it MoneySmart? | ||
| Overall: ★★★☆☆ Best for: Traveling ✈️ |
||
| Category | Our rating | Explanation |
| Earn rates: air miles & cashback | ★★★☆☆ | – 6% +FUN Dollars rebate for foreign currency spending – 5% +FUN Dollars rebate for online spending – Air miles rewards not available |
| Earn categories | ★★☆☆☆ | – Online shopping – Plus 2 out of 3 spending categories can be selected: Dining, Electronics, Entertainment |
| Annual fees and charges | ★★★★★ | – Annual fees waived permanently |
| Accessibility | ★★★☆☆ | – Require an annual income of HK$150,000, which is a threshold that many can reach. |
| Extras/periphery rewards | ★★☆☆☆ | – MCL movies perks – World Mastercard privileges |
| Welcome offer | ★★☆☆☆ | – HK$700 / 10 MCL cinemas e-Gift vouchers. – with a spending requirement of HK$5,000 within 1 month after the card issuance. |
Table of contents: Hang Seng MMPOWER World Mastercard
- Hang Seng MMPOWER World Mastercard: Is it worth applying? MoneySmart credit card rating
- Hang Seng MMPOWER World Mastercard welcome offers
- Hang Seng MMPOWER World Mastercard: 5% online shopping & 6% overseas spending +FUN Dollars rebate
- Hang Seng MMPOWER World Mastercard cash rebate: +FUN Dollars
- 5% rebate on online shopping: including both local and overseas shopping
- 5.4% rebate on designated spending categories
- MMPOWER Mastercard concerts and events
- World Mastercard exclusive perks
- Review: Should you apply for the MMPOWER Mastercard?
- Frequently asked questions: Hang Seng MMPOWER Credit Card
Hang Seng MMPOWER World Mastercard welcome offers
If you successfully apply for the Hang Seng MMPOWER Mastercard during the promotion period and make transactions totaling HK$5,000 or more within 60 days from the date of card issuance, you will be eligible for one of the welcome offers listed in the table below:
| Customer Type | Welcome Gift |
|---|---|
| New Credit Card Customers | 10 MCL Cinemas 2D e-Gift Vouchers; or $700 +FUN Dollars (apart from the basic +FUN Dollars rebate) |
| Existing Credit Card Customers | 5 MCL Cinemas 2D e-Gift Vouchers; or $300 +FUN Dollars (apart from the basic +FUN Dollars rebate) |
Hang Seng MMPOWER World Mastercard: 5% online shopping & 6% overseas spending +FUN Dollars Rebate
As mentioned earlier, the Hang Seng MMPOWER Mastercard offers a 5% rebate on online shopping, 6% rebate on overseas spending, and 1% rebate on other spending categories. Plus, there are extra perks for moviegoers.
| Hang Seng MMPOWER Mastercard Basic Information | |
| Annual Income Requirement | HK$150,000 or above |
| Annual Fee | Permanent waiver |
| Features | • 5% cash rebate for online shopping and 6% rebate for overseas spending |
| • Everyday +FUN Dollars limited-time offer | |
| • Priority ticketing for concerts | |
| • MCL cinema discount offers | |
Hang Seng MMPOWER World Mastercard cash rebate: +FUN Dollars
Hang Seng MMPOWER Mastercard offers a form of cash rebate known as +FUN Dollars, and the percentage rebate varies for different categories. Here is a short overview of the cash rebate:
- Basic Spending: Earn a 0.4% cash rebate.
- Online Spending: Get a 5% cash rebate, up to HK$10,869 spending per month.
- Overseas Spending: Enjoy a 6% cash rebate, up to HK$8,333 spending per month. (Please note that there is a 1.95% handling fee for overseas spending.)
| Spending Category | Rebate | Monthly Reward Cap | Maximum Eligible Monthly Spending |
|---|---|---|---|
| Basic Spending | 0.4% cash rebate | Unlimited | – |
| Online Spending | 5% cash rebate* | $500 +FUN Dollars | HK$10,869 |
| Overseas Spending | 6% cash rebate | $500 +FUN Dollars | HK$8,333 |
| Other Spending | 1% cash rebate | $500 +FUN Dollars | HK$50,000 |
*5% = 4.6% for online spending + 0.4% basic cash spending
MMPOWER Mastercard: 5% rebate on online shopping including both local and overseas shopping
Hang Seng MMPOWER credit card has a 5% rebate on all forms of online shopping, and that includes both local and overseas online shopping.
| Spending Category | Rebate | Monthly Reward Cap | Maximum Eligible Monthly Spending |
|---|---|---|---|
| Online Shopping Spending (Local/Overseas) | 5% | $800 +FUN Dollars | HK$16,000 |
MMPOWER Mastercard: 6% rebate on travel and foreign currency
Hang Seng MMPOWER credit card has a 6% rebate on travel and foreign currency.
| Spending Category | Rebate | Monthly Reward Cap | Maximum Eligible Monthly Spending |
|---|---|---|---|
| travel and foreign currency | 6% | $500 +FUN Dollars | HK$8,333 |
Travel and foreign currency includes eligible retail transactions of local travel merchants in Hong Kong Dollar and overseas retail spending in foreign currencies. That means as long as you pay in foreign currencies, you’re eligible to get a 6% rebate.
MMPOWER Mastercard: 1% rebate on designated spending categories
| Spending Category | Monthly Reward Cap | Maximum Eligible Monthly Spending | Rebate |
|---|---|---|---|
| Local Spending: Designated spending (Dining, Electronics, Entertainment) | $500 +FUN Dollars | HK$50,000 | 1% +FUN Dollars Rebate |
From January 1, 2024, unlock the power of Everyday +FUN Dollars! Register your preferred spending categories successfully and you can enjoy a delightful 1% +FUN Dollars. Those categories include:
- Dining
- Electronics
- Entertainment
You can register your preferred spending categories here. Note that the “+FUN Dollars” selected spending category cannot be changed or canceled once registered, so be careful when selecting.
Dining
The dining category includes eligible retail transactions made at all dining outlets.
However, online retail transactions, banquet services, and transactions made at private parties, functions, or private room events are excluded, as are dining outlets in hotels, department stores, associations, and clubhouses.
Electronics
The electronics category include eligible purchases at stores that sell electronics. Transactions with merchants that are not classified as electronics categories by Hang Seng or Mastercard Asia/Pacific (Hong Kong) Limited, individual merchants with inappropriate merchant codes, or unauthorized transactions are not included.
Entertainment: Video and music streaming platforms, local cinemas, theme parks, Cityline ticket
Entertainment spending includes eligible retail transactions made at local entertainment outlets, such as local cinema, Netflix, Disney+ or Ocean Park or Disneyland.
Hang Seng MMPOWER World Mastercard cash rebate: +FUN Dollars
What are +FUN Dollars?
+FUN Dollars is a form of cash rebate that you can instantly use as cash at over 7,400 designated merchant outlets across Hong Kong or you can also use it to repay for your credit bill. (Literally a real cash rebate with no restrictions!)
+FUN Dollars designated merchants
You can find loads of popular merchants in the merchants list. It covers from dining, traveling, home appliance, department stores, heath & beauty, apparel.
Here is a table of some eligible merchants:
| Category | Merchants |
|---|---|
| Gourmet | Pizza Hut, arome, sen-ryo, DonDonYa, Starbucks, Pacific Coffee, Cova |
| Home Appliance | Broadway, OTO, Fortress, OSIM, SUNING, CityLINK, WILSON, German Pool |
| Department Stores | SOGO, Wing On, YATA |
| Health & Beauty | Bioderma, GNC, VitaGreen |
| Apparel | Clanks, ARTE, BSX, Mirabell, MaBelle |
For more details, you can find more about the eligible merchants here.
When will +FUN Dollars be added into statement after eligible spending is made?
Eligible retail transactions will be posted to the relevant eligible credit card account within 15 days of the calendar month to qualify for the reward. This reward will count towards the monthly reward cap for that month.
MMPOWER credit card movie perks: MLC movies offers
Experience hassle-free online ticketing at MCL Cinemas, indulge in a fun movie night with the exciting offer of exchanging movie tickets for a minimal amount of +FUN Dollars, and enjoy discounted rates and a free popcorn when purchasing regular-priced movie tickets.
- Enjoy the convenience of fee-free online ticketing at MCL Cinemas.
- Exchange 1 movie ticket with just $1 +FUN Dollars on the last Friday of every month.
- Get a 10% discount and a complimentary small popcorn when purchasing regular-priced movie tickets.
MMPOWER Mastercard concerts and events priority reservation
Being able to purchase concert tickets with priority using your credit card is the major attraction for many people when applying for a credit card. In this regard, Hang Seng is also striving to make its mark. Holders of the Hang Seng MMPOWER or other Hang Seng Mastercards can enjoy a range of benefits, including priority ticket purchases for concerts, such as SPACE MUSIC FESTIVAL, Smash The House and The Nextwave, etc.
World Mastercard exclusive perks
As a World Mastercard, it offers the following exclusive perks:
- Mastercard Travel Rewards: Experience the joy of travel with Mastercard Travel Rewards! Discover exclusive offers and earn cash rewards when you use your eligible Mastercard. From unique experiences to additional savings, it takes you further than ever before.
- Concierge service: Enjoy top-notch traveling experience with World Mastercard and enjoy more rewards at the same time.
Things to consider before applying
Before applying, please double-check your eligibility for the welcome offer. Here are some common situations that some may overlook:
- Existing credit card customers who have held the same credit card category within the past 12 months will not be eligible for any welcome offer.
- If a customer cancels the credit card account within 13 months of account opening and has already received the corresponding welcome offer, they will be required to pay an equivalent amount of the received welcome offer as a handling fee.
Review: Should you apply for the MMPOWER Mastercard?
If you are looking for one of the best cash back cards, the MMPOWER Mastercard can be your choice. It offers a cashback rate of 6% for foreign currency exchange, making it one of the credit cards with high cashback rates.
Although +FUN Dollars can only be used at designated merchants, there are over 7,400 merchants widely available, including Wellcome, PARKnSHOP, SOGO, YATA, GU, MUJI, and many more. Therefore, there is no need to worry about not being able to use them. Additionally, the $800 cashback limit is not an issue, as long as you don’t spend over HK$16,000 per month with this card.
In the past, the main criticism of +FUN Dollars was that they could not be used to offset charges. However, now they can be used to pay off your card balance, even if you have no interest in those designated merchants. Furthermore, concert and cinema discounts, along with other flash promotions, provide additional value to individuals interested in purchasing tickets through these perks.
In short, the Hang Seng MMPOWER World Mastercard is a credit card that offers most of what you need in terms of cashback rewards.
Frequently asked questions: Hang Seng MMPOWER Credit Card
What are +FUN Dollars?
+FUN Dollars is a form of cash rebate that you can instantly use as cash at over 7,400 designated merchant outlets across Hong Kong or you can also use it to repay for your credit bill. (Literally, a real cash rebate with no restrictions!)
Does Hang Seng Credit Card have an annual fee?
Hang Seng MMPOWER Card is permanently free of annual fee.
If I make online purchases and pay with foreign currency, will be included in both online and travel foreign currency category, resulting in a total of 5% + 5.4%?
To clarify, any eligible online retail transactions will count towards the online categories. Whether you pay in HKD or a foreign currency, you can enjoy 5% rebate of the online payment, without any additional percentages.
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