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Best Cash Back Credit Cards in Hong Kong 2024

A cash back credit card is a type of card that offers the benefit of earning cash back on your eligible purchases, hence it is a great option for those who prefer to earn tangible rewards and save money on everyday purchases. If you want to maximise your cash back rewards and earn other perks, explore MoneyHero’s cash back credit card comparison page now and earn money on every dollar spent!
SPONSORED
Exclusive Offer
Hang Seng MMPOWER World Mastercard®

Hang Seng MMPOWER World Mastercard®

Cashback Overseas
6  %
info
Cashback Local Online Shopping
5  %
info
Cashback Local
5  %
info
Annual Fee Waiver
Perpetual

5 Offers Available

MoneyHero Exclusive Gift (New to Bank Customer)
New Credit Card Customer : LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)
New Credit Card Customer : LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)

+ 3 other gift options

Valid until

30 November 2024

MoneyHero Exclusive Voucher (New to Bank Customer)
New Credit Card Customer : HK$1,000 Apple Store Gift Card
New Credit Card Customer : HK$1,000 Apple Store Gift Card

+ 2 other gift options

Valid until

30 November 2024

MoneyHero Exclusive Gift (Existing Customer)
Existing Customer : Marshall Willen Wireless Portable Speaker(valued at HK$999)
Existing Customer : Marshall Willen Wireless Portable Speaker(valued at HK$999)

+ 1 other gift options

Valid until

30 November 2024

MoneyHero Exclusive Voucher (Existing Customer)
Existing Credit Card Customer : HK$700 Apple Store Gift Card
Existing Credit Card Customer : HK$700 Apple Store Gift Card

+ 2 other gift options

Valid until

30 November 2024

Welcome Offer - Up to $700 +FUN Dollars
New Customer:$700 +FUN Dollars
New Customer:$700 +FUN Dollars

+ 1 other gift options

Valid until

31 December 2024

Things to consider for this product:

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Local spending rebate

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Online Spending

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Overseas rebate

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No Annual Fee

SPONSORED
Exclusive Offer No cross border fee
Standard Chartered Smart Credit Card

Standard Chartered Smart Credit Card

Cashback Local
5  %
info
Foreign Currency Transaction Fee
0  %
Interest on installment plans
0  %
info
Annual Fee Waiver
Perpetual Annual Fee Waiver

4 Offers Available

MoneyHero Exclusive Welcome Gift
Marshall Emberton II Bluetooth Speaker (valued at: HK$1,499; random color)
Marshall Emberton II Bluetooth Speaker (valued at: HK$1,499; random color)

Valid until

29 November 2024

MoneyHero Exclusive Welcome Voucher
HK$800 Apple Store Gift Card
HK$800 Apple Store Gift Card

+ 5 other gift options

Valid until

29 November 2024

Welcome Offer
HK$800 CashBack
HK$800 CashBack

+ 1 other gift options

Valid until

09 January 2025

Smart Card no foreign currency transaction fees offer
No foreign currency transaction fees during travel and No other fees
No foreign currency transaction fees during travel and No other fees

Valid until

09 January 2025

Things to consider for this product:

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Installment

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No foreign txn fee

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Local spending rebate

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Annual Fee waiver

SPONSORED
Best-in-town unlimited cashback
Mox Credit Card (CashBack)

Mox Credit Card (CashBack)

Annual Fee Waiver
Perpetual
Cashback Designated Local Spending
Up to 5  %
info
Cashback Online Food Delivery
3  %
info
Cashback Supermarkets
3  %
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5 Offers Available

MoneyHero Limited-Time Exclusive Offer (with the invitation code "MHNOV")
Delsey ECLIPSE SE 31
Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280; random colour)

+ 2 other gift options

Valid until

29 November 2024

MoneyHero Limited-Time Welcome Voucher (with the invitation code "MHNOV")
HK$1,200 Apple Store Gift Card
HK$1,200 Apple Store Gift Card

+ 2 other gift options

Valid until

29 November 2024

Mox Bank X Trip.com Promotion
Up to 9% Hotel Discount + Up to HK$100 Flight Discount
Up to 9% Hotel Discount + Up to HK$100 Flight Discount

Valid until

31 December 2024

Mox Bank iPhone for Life Offer
iPhone 16 series clean-up and launch discount - up to HKD600 cash reward and 2% unlimited CashBack
iPhone 16 series clean-up and launch discount - up to HKD600 cash reward and 2% unlimited CashBack

Valid until

30 November 2024

New fund deposit offer and million Asia Miles lucky draw
6,250 Asia Miles + 1,000,000 exclusive miles earned every week
6,250 Asia Miles + 1,000,000 exclusive miles earned every week

Valid until

31 December 2024

Things to consider for this product:

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Instant onboarding

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Unlimited Instant Cashback

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Instant Cash Loan

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0% Instalment offer

CNCBI Motion Credit Card

CNCBI Motion Credit Card

Cashback Overseas
10  %
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Cashback Overseas Online Shopping
6  %
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Cashback Local Online Shopping
6  %
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Cashback Dining
6  %
info

4 Offers Available

Offer Upgrade (Mutually exclusive form Exclusive Offer)
Nintendo Switch (OLED model)(valued at HK$2,680;random color)(redeem with HK$1,000)
Nintendo Switch (OLED model)(valued at HK$2,680;random color)(redeem with HK$1,000)

+ 1 other gift options

Valid until

29 November 2024

MoneyHero Exclusive Welcome Gift
Marshall Emberton II Speaker (valued at HK$1,499)
Marshall Emberton II Speaker (valued at HK$1,499)

+ 1 other gift options

Valid until

29 November 2024

MoneyHero Exclusive Welcome Voucher
HK$600 Apple Store Gift Card
HK$600 Apple Store Gift Card

+ 3 other gift options

Valid until

29 November 2024

Welcome Offer
10% Cash Rebate on spending in foreign currencies
10% Cash Rebate on spending in foreign currencies

+ 1 other gift options

Valid until

02 January 2025

Things to consider for this product:

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Dining rebate

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Online shopping rebate

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No foreign txn fee

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Annual Fee waiver

PrimeCredit EarnMORE UnionPay Diamond Card

PrimeCredit EarnMORE UnionPay Diamond Card

Interest on installment plans
0  %
info
Cashback Overseas
2  %
info
Cashback Online Shopping
2  %
info
Cashback Local
2  %
info

2 Offers Available

MonyHero Exclusive Offer
New Customer: HK$200 Apple Store Gift Card + HK$100 Cash Rebate
New Customer: HK$200 Apple Store Gift Card + HK$100 Cash Rebate

+ 3 other gift options

Valid until

29 November 2024

Welcome Offer
OTO Vanda 2.0 (VN-05)
OTO Vanda 2.0 (VN-05)

+ 4 other gift options

Valid until

31 December 2024

Things to consider for this product:

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Foreign txn rebate

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Travel agency offer

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Installment

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No foreign txn fee

BOC Cheers Visa Infinite Card

BOC Cheers Visa Infinite Card

Airmiles Overseas
$ 1.5  per mile
Airmiles Dining
$ 1.5  per mile
info
Cashback Dining
4  %
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Cashback Overseas
4  %
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Offer Available

Welcome Offer
375,000 Gift Points (Equivalent to 25,000 miles / HK$1,500 Cash Rebate)
375,000 Gift Points (Equivalent to 25,000 miles / HK$1,500 Cash Rebate)

Valid until

31 December 2024

Things to consider for this product:

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Dining rebate

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Oversea rebate

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Airport lounge

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Fine dining

Exclusive Offer Best offer in town Dual Currency
Citi Rewards UnionPay Card

Citi Rewards UnionPay Card

Cashback Local
1.85  %
Cashback Overseas
0.37  %
info
Cashback Local Online Shopping
0.4  %
Annual Fee Waiver
First year waiver

2 Offers Available

MoneyHero Exclusive Offer
HK$1,800 Apple Store Gift Card
HK$1,800 Apple Store Gift Card

+ 3 other gift options

Valid until

02 December 2024

MoneyHero Exclusive Offer
Greater Bay Airlines Round-trip tickets for two from Hong Kong to Japan(Includes 20 kg of luggage, excluding taxes, with destinations including Osaka, Yonago, and Tokushima)
Greater Bay Airlines Round-trip tickets for two from Hong Kong to Japan(Includes 20 kg of luggage, excluding taxes, with destinations including Osaka, Yonago, and Tokushima)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Marshall Stanmore III Bluetooth Speaker (valued at HK$3,499, random colour)
Marshall Stanmore III Bluetooth Speaker (valued at HK$3,499, random colour)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Nintendo Switch (OLED model) (valued at HK$2,680; random color)
Nintendo Switch (OLED model) (valued at HK$2,680; random color)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Philips RO Water Dispenser ADD6910/90 (valued at HK$2,788)
Philips RO Water Dispenser ADD6910/90 (valued at HK$2,788)

Valid until

02 December 2024

MoneyHero Exclusive Offer
LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)
LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)

Valid until

02 December 2024

Things to consider for this product:

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High value welcome gifts

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Airport lounge

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Travel insurance

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Mobile contactless rebate

Exclusive Offer Best offer in town
Citi Rewards Card

Citi Rewards Card

Points Rebate on Shopping
3  %
info
Points Rebate on Entertainment
3  %
info
Points Rebate on Local Mobile Payment
1  %
info
Annual Fee Waiver
First year

2 Offers Available

MoneyHero Exclusive Offer
HK$1,800 Apple Store Gift Card
HK$1,800 Apple Store Gift Card

+ 3 other gift options

Valid until

02 December 2024

MoneyHero Exclusive Offer
Greater Bay Airlines Round-trip tickets for two from Hong Kong to Japan(Includes 20 kg of luggage, excluding taxes, with destinations including Osaka, Yonago, and Tokushima)
Greater Bay Airlines Round-trip tickets for two from Hong Kong to Japan(Includes 20 kg of luggage, excluding taxes, with destinations including Osaka, Yonago, and Tokushima)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Marshall Stanmore III Bluetooth Speaker (valued at HK$3,499, random colour)
Marshall Stanmore III Bluetooth Speaker (valued at HK$3,499, random colour)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Nintendo Switch (OLED model) (valued at HK$2,680; random color)
Nintendo Switch (OLED model) (valued at HK$2,680; random color)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Philips RO Water Dispenser ADD6910/90 (valued at HK$2,788)
Philips RO Water Dispenser ADD6910/90 (valued at HK$2,788)

Valid until

02 December 2024

MoneyHero Exclusive Offer
LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)
LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)

Valid until

02 December 2024

Things to consider for this product:

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High-priced welcome gifts

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Annual Fee waiver

BOC Cheers Visa Signature Card

BOC Cheers Visa Signature Card

Airmiles Overseas
$ 1.9  per mile
Airmiles Dining
$ 1.9  per mile
info
Cashback Dining
3.2  %
info
Cashback Overseas
3.2  %
info

Offer Available

Welcome Offer
300,000 Gift Points (Equivalent to 20,000 miles / HK$1,200 Cash Rebate)
300,000 Gift Points (Equivalent to 20,000 miles / HK$1,200 Cash Rebate)

Valid until

31 December 2024

Things to consider for this product:

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Dining rebate

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Oversea rebate

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Airport lounge

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Welcome offer: Air miles

Exclusive Offer Best offer in town 2% Unlimited Cash Rebate
Citi Cash Back Card

Citi Cash Back Card

Annual Fee Waiver
First year
Cashback Dining
2  %
info
Cashback Overseas
2  %
info
Cashback Local
2  %
info

2 Offers Available

MoneyHero Exclusive Offer
HK$1,800 Apple Store Gift Card
HK$1,800 Apple Store Gift Card

+ 3 other gift options

Valid until

02 December 2024

MoneyHero Exclusive Offer
Greater Bay Airlines Round-trip tickets for two from Hong Kong to Japan(Includes 20 kg of luggage, excluding taxes, with destinations including Osaka, Yonago, and Tokushima)
Greater Bay Airlines Round-trip tickets for two from Hong Kong to Japan(Includes 20 kg of luggage, excluding taxes, with destinations including Osaka, Yonago, and Tokushima)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Marshall Stanmore III Bluetooth Speaker (valued at HK$3,499, random colour)
Marshall Stanmore III Bluetooth Speaker (valued at HK$3,499, random colour)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Nintendo Switch (OLED model) (valued at HK$2,680; random color)
Nintendo Switch (OLED model) (valued at HK$2,680; random color)

Valid until

02 December 2024

MoneyHero Exclusive Offer
Philips RO Water Dispenser ADD6910/90 (valued at HK$2,788)
Philips RO Water Dispenser ADD6910/90 (valued at HK$2,788)

Valid until

02 December 2024

MoneyHero Exclusive Offer
LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)
LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)

Valid until

02 December 2024

Things to consider for this product:

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Dining rebate

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Overseas rebate

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Unlimited rebate

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High-priced welcome gifts

Best Card for China Travel Cashback of up to 10% in RMB
CNCBI GBA Dual Currency Credit Card

CNCBI GBA Dual Currency Credit Card

Cashback Overseas
10  %
info
Cashback Digital Wallet
4  %
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Cashback Overseas Online Shopping
10  %
info
Annual Fee Waiver
First year

3 Offers Available

Limited Extra Offer
Dyson Purifier Hot+Cool Formaldehyde HP09 (White/Gold) (Valued at HK$7,180)
Dyson Purifier Hot+Cool Formaldehyde HP09 (White/Gold) (Valued at HK$7,180)

Valid until

25 November 2024

MoneyHero Exclusive Welcome Gift
Delsey ECLIPSE SE 31
Delsey ECLIPSE SE 31" Expandable Spinner Front-opening Suitcase (valued at HK$4,280; random colour)

+ 2 other gift options

Valid until

25 November 2024

MoneyHero Exclusive Welcome Voucher
HK$800 Apple Store Gift Card
HK$800 Apple Store Gift Card

+ 3 other gift options

Valid until

25 November 2024

Things to consider for this product:

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Overseas rebate

check

Airport lounge

check

Welcome offer: Rebate

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No foreign txn fee

PrimeCredit WeWa UnionPay Diamond Card

PrimeCredit WeWa UnionPay Diamond Card

Cashback Apple Pay
6  %
Cashback Local
4  %
info
Cashback Overseas
4  %
info
Foreign Currency Transaction Fee
Waived

3 Offers Available

MonyHero Exclusive Offer
New Customer: HK$200 Apple Store Gift Card + HK$100 Cash Rebate
New Customer: HK$200 Apple Store Gift Card + HK$100 Cash Rebate

+ 3 other gift options

Valid until

29 November 2024

WeWa Card Mobile Payment Offer
Apple Pay and other designated mobile payment methods up to 6% Cash Rebate
Apple Pay and other designated mobile payment methods up to 6% Cash Rebate

Valid until

31 March 2025

Welcome Offer
Round-trip air ticket to Osaka
Round-trip air ticket to Osaka

+ 4 other gift options

Valid until

31 March 2025

Things to consider for this product:

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Travel agency offer

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Foreign txn rebate

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Cinema ticketing

check

Installment

HSBC Visa Signature Card

HSBC Visa Signature Card

Cashback Dining
3.6  %
info
Annual Fee Waiver
First 2 years
Cashback Local
3.6  %
info
Cashback Overseas
3.6  %
info

4 Offers Available

HSBC Credit Card x YOHO Welcome Offer
KOIZUMIKOIZUMI Ion Balance Hair Dryer KHD-9910  (Valued HKD$600)
KOIZUMIKOIZUMI Ion Balance Hair Dryer KHD-9910 (Valued HKD$600)

+ 1 other gift options

Valid until

31 December 2024

Red Hot Shopping Special - SOGO
up to $700 RewardCash rebate
up to $700 RewardCash rebate

Valid until

02 January 2025

HSBC Welcome Offer
New credit card customers can receive $800 RewardCash
New credit card customers can receive $800 RewardCash

+ 1 other gift options

Valid until

28 February 2025

Extra $200 「RewardCash」 for 「Cash Cash Out」 in installments
Apply for the Cash Out installment offer to receive an additional $200 in RewardCash
Apply for the Cash Out installment offer to receive an additional $200 in RewardCash

Valid until

28 February 2025

Things to consider for this product:

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Overseas rebate

check

Dining rebate

check

Cinema ticketing

check

Dining discount

Exclusive Offer
Hang Seng MMPOWER World Mastercard®

Hang Seng MMPOWER World Mastercard®

Cashback Overseas
6  %
info
Cashback Local Online Shopping
5  %
info
Cashback Dining
1  %
info
Annual Fee Waiver
Perpetual

5 Offers Available

MoneyHero Exclusive Gift (New to Bank Customer)
New Credit Card Customer : LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)
New Credit Card Customer : LEGEND WALKER X-Class Expandable Front-opening Suitcase (valued at HK$5,600, random colour)

+ 3 other gift options

Valid until

30 November 2024

MoneyHero Exclusive Voucher (New to Bank Customer)
New Credit Card Customer : HK$1,000 Apple Store Gift Card
New Credit Card Customer : HK$1,000 Apple Store Gift Card

+ 2 other gift options

Valid until

30 November 2024

MoneyHero Exclusive Gift (Existing Customer)
Existing Customer : Marshall Willen Wireless Portable Speaker(valued at HK$999)
Existing Customer : Marshall Willen Wireless Portable Speaker(valued at HK$999)

+ 1 other gift options

Valid until

30 November 2024

MoneyHero Exclusive Voucher (Existing Customer)
Existing Credit Card Customer : HK$700 Apple Store Gift Card
Existing Credit Card Customer : HK$700 Apple Store Gift Card

+ 2 other gift options

Valid until

30 November 2024

Welcome Offer - Up to $700 +FUN Dollars
New Customer:$700 +FUN Dollars
New Customer:$700 +FUN Dollars

+ 1 other gift options

Valid until

31 December 2024

Things to consider for this product:

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Local spending rebate

check

Online Spending

check

Overseas rebate

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No Annual Fee

Dah Sing ONE+ Credit Card

Dah Sing ONE+ Credit Card

Cashback Oversea
1  %
info
Cashback Local
1  %
info
Cashback Octopus Top Up Spending
0.5  %
info
Annual Fee Waiver
First 2 year

2 Offers Available

MoneyHero Exclusive Welcome Voucher
HK$400 Apple Store Gift Card
HK$400 Apple Store Gift Card

+ 1 other gift options

Valid until

29 November 2024

Welcome Offer - HK$500 Cash Rebate
HK$500 Welcome Offer
HK$500 Welcome Offer

Valid until

31 December 2024

Things to consider for this product:

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Overseas rebate

check

Online Spending

check

Local spending rebate

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First 2 year annual fee waiver

Hang Seng Travel+ Visa Signature Card

Hang Seng Travel+ Visa Signature Card

Cashback Overseas
Up to 7  %
info
Local Cashback Transport
Up to 5  %
info
Cashback Dining
Up to 5  %
info
Annual Fee Waiver
Perpetual Annual Fee Waiver

2 Offers Available

MoneyHero Exclusive Offer
HK$200 Wellcome Shopping Voucher
HK$200 Wellcome Shopping Voucher

Valid until

30 November 2024

Welcome Offer - Up to $700 +FUN Dollars
New Customer:$700 +FUN Dollars
New Customer:$700 +FUN Dollars

+ 1 other gift options

Valid until

31 December 2024

Things to consider for this product:

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Overseas rebate

check

Public transportation

check

Dining rebate

check

Local spending rebate

Financial insights at your fingertips

Explore new ways to earn, save, and grow your money for short and long-term goals. Browse the latest analyses, tips and hacks from the MoneyHero team so you can get the most from your dollars!

Comparison Of The Best Cash Back Credit Cards In Hong Kong

 

Cash back credit cards in Hong Kong offer different rates for different types of spending. You may benefit more with certain credit cards for daily shopping, other cards may reward you more for eating out or spending overseas when travelling. Depending on your spending habits, some cards may be better than others. Discover which cash back credit card is best for you and maximise your rewards!

Credit cards with the highest cash back for supermarket spending

Credit cards that focus on supermarket spending rewards may help you earn additional money back on your grocery shopping. For example, Mox Credit can earn 3% unlimited cash back at major supermarkets in Hong Kong like HKTVmall, PARKnSHOP, Wellcome, and City'super. The Standard Chartered Smart Card can earn 5% cash back on designated shops such as HKTVmall and PARKnSHOP, while the ​​​​Hang Seng enJoy Card offers an 8% discount on Wellcome and Market Place by Jasons purchases over HK$100 on the 3rd, 13th, and 23rd of each month.

Credit cards with the highest cash rewards for dining

Dining credit cards provide various benefits and rewards for dining enthusiasts, allowing you to earn cash back or other incentives while enjoying your favourite meals. You can enjoy up to 6% cash back on dining expenses with the CNCBI Motion Credit Card. You can also consider the DBS Eminent Visa Signature Card which offers a 5% cash back on dining. 

Credit cards with the highest cash rewards for travelling and overseas spending

To earn the highest cash rewards while travelling and shopping internationally, there are several excellent credit card options available. The Hang Seng MMPOWER World Mastercard offers a 6% + FUN Dollars rebate on overseas spending upon meeting accumulative monthly eligible retail spending of HK$5,000. Another option is the CNCBI Motion Credit Card, which provides a year-round 6% cash rebate on JPY/EUR/GBP foreign exchange transactions of HK$20,000 or more.  

Credit cards with the highest cash back for online spending

When indulging in online purchases, credit cards with a high online shopping rebate can enhance your savings on local and online transactions. The CNCBI Motion Credit Card and AEON CARD WAKU WAKU offer an impressive 6% cash back rate specifically for online purchases. Alternatively, the DBS Live Fresh Card provides a 5.4% cash back rate exclusively for local online spending. Other options include the Hang Seng MMPOWER World Mastercard with its offer of a 5% rebate with +FUN dollars, and the HSBC Red Credit Card provides a solid 4% cash back rate. 

Cash Back Credit Cards Information You Need To Know

No worries, we've got you covered!

What is a cash back credit card and how do they work?

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A cash back credit card allows you to earn a percentage of your spending back by using your card frequently and making repayments on time.

The cash back amount can be credited back to your credit card account or paid to you separately. Additionally, some providers offer steep discounts for redeeming exclusive gifts. Many banks in Hong Kong, such as American Express, DBS, Citibank and HSBC offer generous cash back rewards to attract more customers

Before you sign up for a cash back credit card, determine which benefits are more important to you. If you're looking for discounts at your favourite store, then a co-branded credit card may be the best cash back credit card for you. If you travel often, you might want to look for cards that give you good rebates on overseas spending. MoneyHero makes it easy to compare cash back credit cards, and we can help you choose one that best fits your financial goals

You should also know that certain cash back credit card companies may have a minimum spending requirement for you to start earning rewards. Additionally, these companies may have limits on the amount of cash back rewards you can earn, and may also set a spending limit for certain categories. It is also common for banks to offer higher cash back return rates for certain categories during a specific period, which can be lucrative to take advantage of.

What is the best way to earn cash back?

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To make the most out of cash back points, choose a credit card that lets you earn high cash back rates on your favourite spending categories, such as online shopping or overseas spending. Remember to thoroughly understand the terms and conditions of your chosen credit card, and keep in mind that these terms may change, so it is essential to stay informed about any updates.

How is cash back calculated?

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Depending on the programme, cash back for credit cards is calculated differently according to the type of purchase, ranging from basic cash back programmes, bonus cash back schemes and introductory offers. 

Basic cash back programmes offer a consistent and ongoing cash back rate on all eligible purchases made with the card, regardless of the category. This type of cash back is straightforward and provides a steady stream of rewards for cardholders.

However, some credit cards offer bonus cash back in specific spending categories. These categories may include groceries, dining, travel, or online shopping. In these cases, the cash back rate for these purchases is noticeably higher and cardholders can maximise their rewards by using specific cards for different categories.

Credit card issuers often provide attractive introductory offers to entice new cardholders. These offers can include a higher cash back rate for an initial period, such as an increased cash back rate on all purchases for the first several months. Introductory offers can also include sign-up bonuses where cardholders can earn a lump sum of cash back after meeting certain spending requirements within a specified timeframe.

How to choose the best cash back credit card?

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The best cash back credit card for someone else may not be the best card for you, as everyone’s spending habits are different. Some may use their credit card for mainly overseas travelling, while others prefer local payments.

In addition to your spending habits, there are several factors to consider, such as annual fees, rewards system, cash back rates as well as terms & conditions. 

The first factor to consider when choosing a cash back credit card is the annual fee; while a credit card with HK$0 annual fee may not always be the best option, you should be mindful of the annual fee exceeding the potential cash back rewards you could earn too.

Furthermore, the card's cash back rewards system is also an important consideration for picking the best credit card, which includes a welcome bonus, cash back percentage, redemption policy, cash back limit and minimum spending.

Some banks offer higher cash back rates on certain spending categories or specific shops, such as department stores, supermarkets, and travel agencies. You should choose a credit card based on your purchase behaviour to earn more cash back.

With an advanced credit card comparison tool like MoneyHero, this task has been made much easier for consumers like you. With just a few clicks of a button, you can easily compare different credit cards in Hong Kong and see which one is most suitable for your needs.

What is the difference between cash back and cash rebate?

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While both are very similar, cash back is a percentage-based refund on qualified purchases, whereas cash rebates are refunds with a fixed amount once spending conditions are met. In addition, cash back is automatically used to offset the cardholder’s bill in future months, whereas cash rebates can be held in the account until the cardholder chooses to redeem it. 

What are common reward programmes in Hong Kong?

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"yuu Rewards" is one of the most well-known cash back reward programmes. The digital rewards platform partners with various banks and credit card issuers in Hong Kong. By linking their eligible credit cards to the yuu App, cardholders can earn yuu Points or cash back on their spending, which can be redeemed for a variety of rewards including discounts at selected supermarkets.

"ParkNShop MoneyBack" is another popular reward programme with its own unique benefits. Linking it with various credit cards unlocks even more rewards and exclusive shopping deals. Points you earn can be used like cash to save on purchases at participating merchants, redeemed for free products, or even transferred to mileage programmes.

HSBC offers a cash back programme called "RewardCash" to its credit cardholders. With eligible transactions, cardholders can earn RewardCash, which can be used to offset future purchases or redeem vouchers, air miles, or other rewards.

For those who have a credit card from Heng Seng Bank, take advantage of their “+FUN Dollars” programme where cardholders can earn +FUN Dollars on eligible spending. These +FUN Dollars (Cash Dollars) can be redeemed for cash rebates or used for various rewards.

Who can apply for cash back credit cards?

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The qualifications for applying for a cash back credit card may vary depending on the specific credit card and issuer. The general prerequisites to apply for cash back credit cards are having a good credit scores, a steady source of income, and a low debt-to-income ratio. Some credit cards may also have a minimum income requirement.

What are the advantages of using a cash back credit card?

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By using cash back credit cards, you can essentially deduct the amount you pay for your next card purchase, effectively enjoying shopping "discounts" even when there are no active promotions. Certain credit cards, such as the Hang Seng enJoy Platinum Card, allow cardholders to enjoy exclusive shopping offers and rewards.

What is the usual cash back rate?

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Generally, cash back rates are between 0.4% and 1%, which means you get HK$0.4 to HK$1 on every HK$100 you spend. Some credit cards offer special rates for certain spending categories, like dining and overseas spending, which you earn cash back as much as 4%-10%.

How are cash back reward limits determined?

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Cash back rewards are not limitless, and these caps differ from each credit card. While the maximum amount of rewards will be stated in the terms and conditions as a percentage or a fixed amount, there are other considerations in terms of cash back rewards.

One such consideration is the category of spending. Credit cards often offer different cash back rates and also reward limits for different spending categories such as dining, groceries, or travelling.

Some credit cards may opt for a tiered structure, where rewards and rates depend on the amount spent in a billing cycle. As a result, some cards may offer higher rates of return for increased spending. 

Certain credit cards also have a maximum amount set based on merchant eligibility. Purchases made at these select merchants may have a higher reward limit compared to merchants who are not listed in the terms and conditions. 

What purchases are eligible for cash back rewards?

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Cash back points and rewards can be earned by making "eligible purchases'', though this term’s definition may vary depending on the credit card issuer and specific credit cards. For instance, some credit cards may only consider local purchases as eligible, while others may also include overseas retail purchases. 

Typically, certain types of spending such as instalments, bill payments, and autopay services are not considered eligible for earning Cash Back points. It is important to refer to the terms and conditions of your specific credit card to see a complete list of eligible purchases. 

Confused about credit card terms?

Glossary terms to know for first-time credit card users 

Air milesCashbackCredit scoreMinimum paymentAnnual feeReward Redemption Status (Promotional Campaigns)