When it comes to credit cards, the cashback rate is the name of the game for shoppers. With the right cashback credit cards, you can have your cake and eat it too—earning cash while you indulge in your shopping spree. To help you find the cream of the crop, we've rounded up the most popular cashback credit cards and compared their cashback rates, income requirements, and cashback limits in this Cash Back Credit Cards comparison.
Table of contents: Best cashback credit cards
?MoneySmart Credit Card Comparison? | |||
- Best Cashback Credit Cards
- Difference between Cashback, Cash Rewards, and Cash Rebates
- How to Find the Best Cashback Credit Cards for You
- Which Credit Card Offers the Highest Cashback
- Frequently Asked Questions: Cashback Credit Cards
- Related Articles
Best Cashback Credit Cards: Which credit card offers the highest cashback?
Credit Card Cashback Offer Comparison | ||||
Credit Card | Cashback Rate | Income Requirement | Spending Category | Short Review |
Up to 8% | HK$0 | Online shopping | Highest rebate rate for online shopping | |
Up to 5% | HK$150,000 | Travel, movies, Karaoke | Must-have for online shoppers! | |
Up to 5% | HK$96,000 | Designated supermarkets, stores, travelling agents | A full pack of welcome offers up to HK$1,200 | |
Up to 6% | HK$150,000 | Overseas foreign currencies spending, online retail spending | 6% for overseas spending, 5% for online spending and +1% FUN Dollars rebate for designated spending | |
Up to 4% | HK$120,000 | Online shopping | Perfect for online spending and local supermarket spending | |
Up to 4% | No income requirement | Daily entertainment spending | 4 categories: “Mobile Payment”, “Travel”, “Overseas Spending” and “Online Entertainment” | |
Up to 3.6% | HK$360,000 | Specific categories of rewards of your choice | High income requirement | |
Up to 2% | No income requirement | All spending categories | 2% cashback for all eligible transactions | |
Up to 2% | HK$150,000 | Pizza Hut, PHD, KFC, and designated Maxim's Chinese cuisine restaurants, Mannings, Wellcome, IKEA, 7-Eleven,GNC, and Shell | 2% on dining, 1.5% on groceries, and 1% on gas, supplement | |
Up to 3% | HK$120,000 | Local supermarkets, department stores, and telecom companies | Reward points never expire, and discounts for movie tickets | |
Up to 2% | HK$120,000 | Dining and hotel spending | 2% rebate for dining in hotels and restaurants | |
sim Credit Card: up to 8% rebate for online shopping
sim Credit Card is offering the highest cash rebate for online shopping. Plus, the credit card has no income requirement. A perfect card to keep in your wallet when you are a frequent online shopper.
When your spending reaches the monthly cap (HK$2,500), you can earn up to HK$200.
- Cashback on Online Retail Transactions and Local Transportation Transactions
- Up to 8%
- Fee Waiver
- First Year Free
- Minimum Income Requirements
- N/A
⚡7-Day Flash【🔥Earn HK$1,000 Cash/ Up to HK$2,299 Rewards + Selected National Team Fan Jersey ⚽！】
From 16 June until 22 June 2026, customers who successfully apply for sim Credit Card/ sim World Mastercard® via MoneySmart, and accumulate eligible retail transactions of HK$100 within 30 days after card issuance; OR select the sim Welcome offer and fulfill the designated spending requirements, activate the credit card and successfully approved, can enjoy 🏨 Trip.com 8% Hotel Bookings Promo Code + ✈️ Trip.com HK$100 Flights Promo Code (upon claim submission); AND will be entitled one of the following gifts (choose 1 out of 6)🎁 :
・Beyerdynamic Amiron 300 True Wireless with Active Noise Cancellation (Value: HK$2,299, random color)
・Acer Acerpure Chef 2 in 1 Filp Air Fryer (KF754-70B) (Value: HK$1,298, random color)
・Doshisha Gorilla Calf Massager + Hand Massager Bundle (Value: HK$1,134, random color)
・HK$1,000 HKTVmall e-Vouchers / Apple Store Gift Card
・[🔥Limited-time Upgrade] HK$1,000 Cash via FPS (automatically converted by 10,000 SmartPoints and directly deposited into FPS account)
(Fulfilled by MoneySmart)
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💡Complete the digital ID verification on the sim Credit Card App within 3 hours after application, sim will offer an additional HK$50 cash rebate!
DBS Live Fresh Card: up to 6% rebate for online shopping
If you enjoy online shopping, the DBS Live Fresh Card is the card for you. With this card, you can earn up to 6% cashback on your purchases from a variety of 5% cash rebate rewards for various online spending categories, as well as a never-ending 1% cash rebate on foreign currency online purchases.
The online spending categories include the following:
- Online Entertainment Spending
- Online Fashion & Apparel Spending
- Online Travel Merchant Spending
- Online Foreign Currency Spending
- Online Charity Donations
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- Min. Annual Salary
- HK$150,000
- Cash back on Online Overseas spend
- 1%
- Cash Back for Designated Online Transaction
- 5%
From now until 30 June 2026, customers who successfully apply for DBS Live Fresh Card via MoneySmart, can enjoy an extra 2,000 SmartPoints and free to redeem HK$200 e-Vouchers (over 20+ brands, including Apple, PARKnSHOP, HKTVmall and more) - no spending required! Click here to explore limitless possibilities (T&C applied)!
Standard Chartered Smart Card
While the standard cashback rate for local purchases is only 0.55%, selected merchants such as ParknShop, Foodpanda, 759 Store, and Watsons provide up to 5% cashback. Furthermore, Standard Chartered Smart Card provides an unlimited 3-month interest-free payment and waives the 1.95% foreign exchange transaction fee for foreign currency transactions, you can enjoy no transaction fees while purchasing online in another country with ease!
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- Foreign currency transaction fee
- HK$0
- Cash back at Designated Merchants
- 5%
- MoneySmart Exclusive Offer
- Up to HK$2,398
【🌟June Exclusive: Apply to Earn HK$800 Cash Vouchers】
From now until 30 June 2026, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to enjoy one of the following extra gifts:
・Plus Minus Zero XQH-X020 Air Purifier (Value: HK$2,398)
・Medicube Age-R Duo Beauty Set (Age-R Booster Cleanser + Booster Pro mini plus + PDRN Hydrating Gel Cleanser 200ml) (Value: HK$1,970)
・PHILIPS ADD4902BK Soda Maker 1200W (Value: HK$1,288)
・HK$800 Apple Store Gift Card/ HKTVmall e-Vouchers/ ParknShop e-Vouchers
Hang Seng MMPower Card: 6% for overseas spending, 5% cash back for online spending and 1% for selected categories
Hang Seng MMPower Card is perfect for those who enjoy shopping and movies at the same time. The card offers up to a 6% +FUN Dollars rebate for travel and foreign currency, 5% for online spending and 1% for selected spending categories, including dining, electronics and entertainment (choose 2 out of 3).
But note that the above cashback rate is only valid when your spending reaches the minimum requirement of HK$5,500.
Hang Seng enJoy Card: 4X yuu points (equivalent to a 2% rebate)
Do you enjoy both pizza and fried chicken? If so, you'll adore the Hang Seng enJoy Card! You may enjoy your Pizza Hut and KFC goodies guilt-free with up to 4X yuu Points (equal to a 2% rebate). And, with year-round exclusive discounts at selected retailers such as IKEA, you'll be sure to get cashback for every dollar you spend while enjoying the most of what life has to offer.
- Annual fees
- Perpetual annual fee waiver
- Cash back on local spend
- 2％
- Welcome Offer
- Up to 140,000 yuu Points
【Get Your Daily yuu Boost with enJoy】Apply and Get up to HK$1,970 rewards 🎁 or HK$900 vouchers!
From now until 30 June 2026, customers who successfully apply for Hang Seng enJoy Card via MoneySmart and accumulate HK$100 in eligible retail transactions within 30 days after card issuance , can 🌟choose 1 from the following gifts:
🎁 New Customers can enjoy one of the rewards below:
・Medicube Age-R Booster Cleanser + Booster Pro mini plus + PDRN Hydrating Gel Cleanser 200ml (Value: HK$1,970) or
・Acer Acerpure Chef 2 in 1 Filp Air Fryer (KF754-70B) (Value: HK$1,298) or
・4 x Plaza Premium Lounge APAC 3 hrs Access Pass (Total value: HK$2,600) or
・HK$900 Apple Store Gift Card / Maxim's Gift e-Coupons
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✨ Existing Customers can also enjoy one of the rewards below:
・HK$400 Apple Store Gift Card / Maxim's Gift e-Coupons
・Plaza Premium Lounge APAC 3 hrs Access Pass (Value: HK$650)
HSBC Red Credit Card: 4% rebate for online spending
HSBC Red Credit Card is a perfect match for your online shopping secret, with up to 4% unlimited RewardCash rebate for online spending and 2% rebate for local supermarket spending. So go ahead and shop till you drop, and let the rewards roll in!
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- Min. Annual Salary
- HK$120,000
- RewardCash Rebate at designated merchants
- Up to 8%
- Welcome offer
- Up to $500 RewardCash
【Earn Trip.com promo codes & Up to HK$398 rewards at ZERO Cost + Limited-time Chance to Win $50,000 RewardCash】
🌟From now until 30 Jun 2026, new and existing credit card customers who successfully apply for a designated HSBC credit card through MoneySmart and submit a rewards redemption form on or before 15 Jul 2026, can enjoy an exclusive gift from MoneySmart: 🏖️Trip.com 8% Hotel Booking Promo Code + HK$100 Flights Promo Code and 🎁ONE of the following exclusive rewards (choose one):
・ Doshisha Gorilla Calf Massager (Value: HK$398, random color)
・ Stanley The Quencher H2.0 Flowstate™ Tumbler 880ml / 30oz. (Value: HK$380, random color)
・ Branden Safe Plus Wallet Bag (Value: HK$305, random color)
Successfully apply for the card and complete designated tasks:
🌟 Enjoy bank welcome offer up to $500 RewardCash
🌟 Register to enter the 【Limited-Time Welcome Lucky Draw】—Guaranteed Prize: $50 RewardCash; orGrand Prize: $50,000 RewardCash (or up to 1,000,000 miles*) (24 Winners)(Promotion ends 31 Jul 2026)!
WeWa Visa Signature: 4% rebates for online shopping and entertainment
- Min. Annual Salary
- HK$0
- Annual Fee
- First 2 year annual fee waiver
- Cash rebate on travel spending and designated spending categories
- 4%
【😱 Exclusive Deal: Earn Mobile Payment up to 100% cash rebate!】
From now until 30 Jun 2026, new customers who applied for a designated credit card: WeWa Visa Signature Card / WeWa Visa Platinum Card/ WeWa UnionPay Diamond Card via MoneySmart, can enjoy one of the following exclusive rewards upon successful approval - no spending required:
・2,000 SmartPoints - without any spending and redeem HK$200 worth of vouchers in the Rewards Store (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)!⠀
New customers of PrimeCredit Credit Card can also earn up to 100% cash rebate via mobile payments (up to HK$1,000), plus select one of the following 🌟welcome offers:
．LOJEL Vita 28" Luggage (Suggested price: HK$1,700)
．HK$800 Apple Store Gift Card
．HK$500 cash rebate
・Up to HK$90K Interest-free and Handling Fee-free Cash Instalment Program
・Exclusive Welcome Offer for Tertiary Student: HK$200 Cash Rebate (Extra reward fulfilled by PrimeCredit)⠀⠀
See more details below
If you're a jet-setter, movie buff, karaoke star, or theme park enthusiast, this card has got you covered! With up to 4% cashback in specific categories, you can save tons while living your best life. So go ahead, indulge in your favorite activities, and let the WeWa Visa Signature Card take care of the rest!
HSBC Visa Signature Card: 3.6% Reward Cash
HSBC Visa Signature Card gives you up to 9X RewardCash, which is equal to a rebate of 3.6% or HK$2.78 for every mile. This includes an extra 3X more RewardCash rebate, in addition to the 5X more RewardCash rebate, for all types of Rewards of Your Choice. The annual income requirement for this card is HK$240,000/year.
- Min. Annual Salary
- HK$240,000
- RewardCash Rebate
- Up to 3.6%
- Miles Conversion (local spend)
- HK$2.78 = 1 Mile
🐣7-Day Flash Sale【🔥 Earn up to HK$800 Voucher OR up to HK$2,600 Rewards🤩】
From 15 June to 21 June 2026, customers who successfully apply for HSBC Visa Signature Card via MoneySmart, can exclusively enjoy one of the following gifts:
〖💰 Cash Rewards〗
・New Customers: HK$800 Apple Store Gift Card/ ParknShop e-Vouchers
・Existing Customers: HK$700 Apple Store Gfit Card/ ParknShop e-Vouchers; OR
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〖🎁 Exclusive Gifts〗
・ LOJEL Alto 29-inch Ultra-Lightweight Suitcase (Black) (Value: HK$2,100)
・ Medicube Age-R Booster Cleanser + Booster Pro mini plus + PDRN Hydrating Gel Cleanser (Value: HK$1,970)
・ Acer Acerpure Chef 2 in 1 Filp Air Fryer (KF754-70B) (Value: HK$1,298)
・ 4 x Plaza Premium Lounge APAC 3 hrs Access Pass (Total value: HK$2,600) - Valid at 15+ locations across HKG, SIN, TPE, SYD & more. HKG Bonus: Choice of lounge access or an exclusive set menu at INTERVALS Sky Bar & Restaurant!
EarnMORE UnionPay Diamond Card: 2% cashback from everyday spending
A 2% rebate on coffee? 2% rebate on your electricity bill? And another 2% rebate on tuition fees? EarnMORE UnionPay Diamond Card provides up to a 2% cash rebate for all eligible transactions, with no minimum spending requirements. This makes it the perfect card for everyday spending.
Note that there is an annual maximum rebate of HK$1,500 per year. If you are a high-spender spending over HK$75,000, you may want to consider other options like HSBC Visa Signature Card.
- Min. Annual Salary
- HK$0
- Cash back on overseas spend
- 2%
- Cash back on local spend
- 2%
🌟Exclusive Deal Alert【PrimeCredit x MoneySmart - Welcome Offer up to HK$970 cash rewards】
MS Exclusive: From now until 30 June 2026, new customers who successfully applied for EarnMORE UnionPay Diamond Card via MoneySmart, can earn 2,000 SmartPoints without any spending and redeem HK$200 worth of vouchers in the Rewards Store (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)
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New PrimeCredit Credit Card Customers can also enjoy PrimeCredit Welcome Offer Extra HK$300 cash rebate AND one of the following Welcome offers:
・HK$670 cash rebate (included the extra up to 2% cash rebate)
・Philips RO Water Dispenser (ADD6901) (Suggested price: HK$2,488)
・Garmin Forerunner 165 GPS Smartwatch (Suggested price: HK$2,299)
・Up to HK$90K Interest-free and Handling Fee-free Cash Instalment Program
・Tertiary Student: HK$200 Cash Rebate (Extra reward fulfilled by PrimeCredit)
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See more details below
Citi Rewards MasterCard: 3% rebate for shopping and entertainment
With Citi Rewards MasterCard, you can earn up to 3% cashback rebate in two main categories: shopping (including department stores, clothing and shoe stores) and entertainment (such as movie tickets, concerts, streaming platforms, theme parks, and other leisure experiences). Mobile payments earn a 1% rebate. The accumulated points can be easily redeemed for cash back or miles through the Citi Mobile® App.
- Minimum Income Requirements
- HK$120,000
- Rebate on Shopping & Entertainment Transactions
- 3% Points
- Miles Conversion (Shopping and entertainment spending)
- As low as $1.8 = 1 Mile
【Updated Gifts Offer 】Grab Trip.com Hotel & Flight Promo Codes + HK$2,200 Vouchers or Upgraded Gifts Worth Up to HK$5,200! 🎉
From 9 June to 22 June 2026, new customers who successfully apply for a designated Citi credit card via MoneySmart with eligible spending of HK$4,000 within 30 days after card issuance (approval by 31 July 2026) can receive one of the following rewards 🎁:
✈️ 8× Plaza Premium Lounge APAC 3-hour Access Pass (Total value: HK$5,200)
✈️ 4× Hong Kong Plaza Premium First with Infinity Room 3-hour Access Pass (Total value: HK$4,600)
🎁 PHILIPS RO Water Dispenser ADD6920/90 (Value: HK$4,288)
🎁 Dyson Supersonic Nural™ Hair Dryer HD16 (Value: HK$3,990)
🎁 Bowers & Wilkins Px7 S3 Over-ear noise-canceling headphones (Value: HK$3,380)
💳 HK$2,200 ParknShop e-Vouchers⠀⠀
💳 HK$2,000 Apple Store Gift Card
＋ Trip.com 8% 🏨 Hotel Booking Promo Code + HK$100 Flights ✈️ Promo Code (upon claim submission)！T&Cs applied.
Citi Cash Back Card: uunlimited 2% cash back on dining in hotels and travel
Get ready to dine in style and earn cash while you're at it with the Citi Cash Back Card! This credit card offers a tasty 2% unlimited rebate for overseas spending and local hotel dining as well as a savory 1% rebate for other local spending. And if that's not enough to whet your appetite, you can also earn an extra 1% rebate by binding this card with e-wallets like PayMe, AlipayHK, and WeChat Pay.
- Annual Fee
- First Year Annual Fee Waiver
- Rebate on Overseas Spending & Local Dining
- Unlimited 2%
- Rebate on Local Spending
- Unlimited 1%
【Updated Gifts Offer 】Grab Trip.com Hotel & Flight Promo Codes + HK$2,200 Vouchers or Upgraded Gifts Worth Up to HK$5,200! 🎉
From 9 June to 22 June 2026, new customers who successfully apply for a designated Citi credit card via MoneySmart with eligible spending of HK$4,000 within 30 days after card issuance (approval by 31 July 2026) can receive one of the following rewards 🎁:
✈️ 8× Plaza Premium Lounge APAC 3-hour Access Pass (Total value: HK$5,200)
✈️ 4× Hong Kong Plaza Premium First with Infinity Room 3-hour Access Pass (Total value: HK$4,600)
🎁 PHILIPS RO Water Dispenser ADD6920/90 (Value: HK$4,288)
🎁 Dyson Supersonic Nural™ Hair Dryer HD16 (Value: HK$3,990)
🎁 Bowers & Wilkins Px7 S3 Over-ear noise-canceling headphones (Value: HK$3,380)
💳 HK$2,200 ParknShop e-Vouchers⠀⠀
💳 HK$2,000 Apple Store Gift Card
＋ Trip.com 8% 🏨 Hotel Booking Promo Code + HK$100 Flights ✈️ Promo Code (upon claim submission)！T&Cs applied.
Difference between Cashback, Cash Rewards, and Cash Rebates
Before we dive into determining the best cashback credit card, let's first define some terms. Cashback and cash rebates both refer to a credit card feature that refunds a small percentage of money spent on purchases. However, cash rewards are specific cash rebates that can only be used at certain merchants.
Note that for most cashback credit cards, the cashback is credited directly to your credit card account to offset your monthly spending rather than being received as actual cash. So while you may be earning "cashback," you won't necessarily be receiving cash in hand.
How to Find the Best Cashback Credit Cards for You
If you want a card that can be used for everyday purchases across different categories, you need to compare "cashback rates," "spending conditions," and "rebate monthly cap" It's important to be savvy when it comes to credit card rewards!
Cashback rates
Cashback rates refer to the percentage of cashback received from the amount spent. For example, if you use the Standard Chartered Smart Card for spending at Decathlon, you will receive an 8% cashback. (Valid until August 31, 2023)
Spending conditions
To choose the best cashback credit card, you must first understand your spending habits. Are you a fan of online shopping, supermarket purchases, or dining deals? Many credit cards offer higher cashback rates in specific categories. For example, the Hang Seng MMPOWER credit card offers s up to 5.4% +FUN Dollars as a form of cash rebates under a specific spending categories. And +FUN Dollars can only be redeemed at select merchants.
Rebates monthly cap
Before making your spending plan, it's important to keep in mind the maximum amount of cash rebates you can receive per month, also known as the "rebates monthly cap."
Frequently Asked Questions: Cashback Credit Cards
What is cashback?
Cashback is a type of incentive offered by banks and credit card companies where a certain percentage of the amount spent on purchases is returned to the customer. The amount of money returned to the customer depends on how much they spent and the cashback rate.
For example, if you use the Standard Chartered Smart Card (which gives 5% cash back for spending in HKTV Mall) to spend HK$1,000, you will get HK$50 back!
What’s the difference between rewards and cashback?
Credit card spending rewards on the market are generally divided into "cashback", "air miles rewards", and "credit card point rewards".
Credit card pointrewards are typically redeemable for cash, flying miles, or gifts.
Some people, on the other hand, enjoy convenience and prefer to receive cash or air miles incentives directly. It is especially crucial to remember that most cashback incentives are transferred directly to the credit card account to offset current month expenditures rather than being paid in cash!
How to choose a cashback credit card?
Consider your spending habits and popular spending areas before applying for a cashback credit card. Using the Citi Cash Back credit card as an example, you can get 2% cashback on foreign currency purchases all year. This card suits you better if you frequently travel overseas and make purchases.
You can now enjoy a limited-time offer by applying for a Citi Cash Back credit card through MoneySmart!
What is the usual cashback rate for credit cards?
The basic cashback rate for cashback credit cards is generally between 0.4% and 1%, i.e., $0.4 to $1 cashback for every HK$100 spent.
When will the welcome cashback for credit cards be credited?
There are different ways for credit cards to credit cashback. Some credit cards will deduct the cashback directly from the next month's outstanding balance. For example, Standard Chartered Smart Card HK$1,200 cashback welcome offer will be credited within 4 months after card issuance.
In addition, some credit cards calculate cash back in points, which you can accumulate until you have enough points to redeem for cash back or other rewards. However, please note that credit cards have different point validity periods. If you are not careful, your hard-earned points may expire.
What’s the difference between yuu Point and +FUN Dollars (Cash Dollars)?
yuu point and +FUN Dollars (Cash Dollars) are both rewards points earned from using a Hang Seng credit card.
To earn yuu points, simply make a purchase at specific merchants to earn 4X yuu points (2% cashback) with your Hang Seng enJoy Card, while 1 +FUN Dollar can be earned by spending HK$250 with any Hang Seng credit card at over 7,400 Cash Dollars merchants across Hong Kong.
Card | Earnings | Redemption |
Hang Seng enJoy Card | Spending on specific merchants can earn 2% cashback | yuu point can be redeemed as rewards or gifts, or 200 points can be used as HK$1 in specific shops |
Any Hang Seng Credit Card | Spend HK$250 = $1 +FUN Dollar at over 7,400 Cash Dollars merchants across Hong Kong | 1 +FUN Dollars = HK$1, which also can be spent as HK Dollars at selected shops. |
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