Standard Chartered Smart Card vs. Citi Cash Back Card: The Battle of the Shopping Credit Card

Standard Chartered Smart Card vs. Citi Cash Back Card: The Battle of the Shopping Credit Card

Welcome to the arena, fellow money-savvy Hong Kongers! Today, we’re diving into the exciting world of credit cards and comparing two heavy hitters in the Hong Kong market: the Standard Chartered Smart Card and the Citi Cash Back Card. If you’re looking to save money and maximise your financial benefits, buckle up and let’s explore what these cards have to offer!

Table of contents: Smart Card vs. Citi Cash Back Card

Overview: Smart Card vs. Citi Cash Back Card

When it comes to the credit card for daily spending, Smart Card and Citi Cash Back Card are the 2 big names you might hear, but what are the differences between these 2 cards? Here is an overview!

Smart Card vs. Citi Cash Back Card Overview
Features Standard Chartered Smart Card Citi Cash Back Card
Annual Fee No annual fee HK$1,200 (waived for the first year)
Cash Back 5% on specific merchants Uncapped 2% spending on local dining, hotel and overseas spending, 1% on all other purchases
Additional Perks 3-month interest-free instalment Purchase Protection Insurance: Purchased items will be protected against damage or loss for up to US$7,600 within 30 days
Interest Rate 35.7% 34.28%
Foreign Transaction Fee Waived 1.95%

Smart Card vs. Citi Cash Back Card: Cashback

Ah, cashback – the superhero of credit card rewards. With the Standard Chartered Smart Card, you can earn some serious cashback on your spending. Just imagine a dazzling 5% cashback at Klook without any registration or minimum spending required. It’s like getting paid to explore the world! Plus, there’s an enticing 5% cashback waiting for you at selected merchants like 759 Store, Circle K Convenience Store, HKTVmall, Watsons, and PARKnSHOP. Cha-ching!

Here is the list of merchants that are eligible for the 5% cash rebate:

Smart Card 5% cash rebate on the following merchants
Category Stores and Platforms
Grocery shopping 759 Store, Circle K Convenience Store, HKTVmall, Japan Home Centre, PARKnSHOP
Beauty & Health care Sa Sa, Watsons
Food and beverage Deliveroo, McDonald’s®, Häagen-Dazs™
Sport & Entertainment Decathlon, Klook, selected online video and music streaming platforms
Digital Lifestyle China Mobile Hong Kong and s/ash

But what about the Citi Cash Back Card? Ah, my friends, if you’re looking for a card that gives you 2% cashback rates without considering the merchants, here it is! You no longer have to worry about which card when you go for dining, local hotels or overseas spending because Citi Cash Back Card gives you 2% cashback on whatever you spend on these categories.

MoneySmart Tip: Citi Cash Back Card overseas spending rebates does not include spending in England and European Countries (EEA). Do note that when you travel! 

Smart Card vs. Citi Cash Back Card: Income requirements

The Standard Chartered Smart Card doesn’t mess around; it’s looking for folks who rake in at least HK$96,000 per year, which is below average in the market. On the flip side, the Citi Cash Back Card has a higher requirement of an annual income of HK$120,000.

Smart Card vs. Citi Cash Back Card: Annual fees

There’s no annual fee for the Standard Chartered Smart Card and HK$1,800 for the Citi Cash Back Card. But don’t start hyperventilating just yet! The fee is waived for the first year, and with the right spending habits, you may qualify for a fee waiver in the subsequent years too, just by giving the bank a call. So, both cards might not have the annual fees.

Smart Card vs. Citi Cash Back Card: Interest rates and fees

Here’s the information about the APR (the interest rate you need to pay if you don’t pay your bill on time).

For the Standard Chartered Smart Card, it’s like a little black dress – a classic 35.7%. The Citi Cash Back Card, on the other hand, is more like a shiny new pair of kicks, dazzling us with a 34.28% APR. These rates could have you singing the blues if you’re not careful, so remember to pay your bills on time.

Smart Card vs. Citi Cash Back Card: perks and offers

Credit cards often come with hidden gems that make your financial journey all the more delightful. 

Standard Chartered Smart Card perks

Let’s start with the Standard Chartered Smart Card, shall we? 

“0” foreign exchange fee

Not only is there no foreign exchange fee – perfect for jet-setters and online shoppers alike – but there’s also no cash advance fee. 

3-month interest-free instalment

So, the next time you need some quick cash, you won’t have to worry about being charged for it. And here’s a little bonus: the card offers a 3-month interest-free instalment option. It’s like having your own personal financial wizard, helping you manage your bills without breaking a sweat.

Citi Cash Back Card perks

Citi Cash Back Back is not falling behind in terms of perks.

30-day purchase protection

Within 30 days, your purchased items will be protected from damage or loss. With a strong shield that can withstand up to US$7,600, your precious belongings can relax, knowing they are well taken care of.

Citi PayAll rebates

The awesome Citi Cash Back Card got its gems as well. With Citi PayAll, you can earn cash rebates by smartly settling payments like rent, phone bills and water bills with your credit card. And guess what? 

Citi credit card exclusive offers

You’ll also get an exclusive 8% discount on selected hotel bookings at Hotels.com and more, making your travel experiences even more awesome! 

Welcome offer

Ah, the welcome offer – that enticing perk that makes you feel like a VIP from the moment you get your shiny new card. 

The Standard Chartered Smart Card steps up its game with an upgraded welcome offer running from 28 September 2023 until 8 January 2024, you can enjoy HK$1,200 cashback or two passes to Plaza Premium First Hong Kong upon accumulating spending of HK$4,000 within the first month from the date of card issuance! Plus the MoneySmart exclusive offer down below:

Standard Chartered logo
MoneySmart Exclusive
5% rebate|Waive foreign exchange fee
Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
HK$2,380
MoneySmart Exclusive:

【Welcome Offer up to HK$3,580 !】From now until 31 May 2024, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get B&W Pi5S2 In-ear True Wireless  earbuds  (value: HK$2,380) or $800 ParkNshop vouchers or $800 Apple store gift card!

【Referral Bliss: Treats for You and Your Loved Ones - Earn Extra HK$100 for Every Referral! 】Unlock extra rewards by referring your friends and family to our fantastic credit card deals! Not only will they enjoy the good deals, but you'll also be rewarded with a referral bonus of 1,000 SmartPoints for each successful application! No cap on the maximum reward amount!

【Smart Card x The Coffee Academics - Blue Monday no more! 】Enjoy Buy-1-Get-1-Free offer of any beverage on HK$45 or below EVERY MONDAY!

Valid until 31 May 2024

Now, let’s turn our attention to the Citi Cash Back Card. The welcome offer of the card is not falling behind. 

First, you can get a welcome offer of Apple AirPods Pro (2nd Generation) or HK$1,200 cash rebate when you successfully apply for the Citi Cash Back Credit Card.

If you successfully apply for a designated Citi credit card via MoneySmart and spend at least HK$2,000 after receiving the card, new customers can enjoy the following exclusive reward!

Isn’t that cool? Don’t miss out!

Citibank logo
2% foreign currency rebate
Minimum Income Requirements
HK$120,000
Cash back on local spend
2%
Cash back on overseas spend
2%

The Verdict: Choose your credit card adventure

Now that we’ve explored the features of both the Standard Chartered Smart Card and the Citi Cash Back Card, it’s time for you to choose your own credit card adventure. If you’re enticed by an upgraded welcome offer, no annual fee, and impressive 5% cashback opportunities, then the Standard Chartered Smart Card might be your perfect match.

But if you’re a fan of hassle-free cash back journeys on local dining, hotels and overseas spending with special travelling perks that the Citi Cash Back Card holds, it’s worth exploring further.

Remember, the right credit card for you will depend on your lifestyle and spending habits. So, before making a decision, assess your needs and priorities to find the best fit. Happy shopping!

Frequently asked questions: Smart Card vs. Citi Cash Back Card

Can I apply for the Standard Chartered Smart Card or Citi Cash Back Card online?

Yes, you can apply for the Standard Chartered Smart Card or Citi Cash Back Card online.

Are there any additional fees or charges associated with these credit cards?

The Standard Chartered Smart Card has no annual fee, while the Citi Cash Back Card has an annual fee of HK$1,800 (waived for the first year).

How can I qualify for the welcome offer of the Standard Chartered Smart Card?

To qualify for the welcome offer of the Standard Chartered Smart Card, you need to accumulate spending of HK$4,000 within the first month from the date of card issuance. 

Related articles

😎MoneySmart Credit Card Comparison💳
Best Miles Credit Card Best Airport Lounge Credit Card Best Dining Credit Card Best Online Shopping Credit Card
Best Cashback Credit Card Best Supermarket Credit Card Best No Annual Fee Credit Card Best Octopus AAVS Credit Cards

Want to stay ahead of the crowd? Visit the MoneySmart blog for more financial tips!

MoneySmart—Your One-Stop Financial Products Platform

Homepage: www.moneysmart.hk/en/