AEON UnionPay Credit Card: The Best Card for AEON Loyalists?

AEON UnionPay Credit Card: The Best Card for AEON Loyalists?

Cashback and Top Discounts at AEON Stores

Good for

  • Consumers looking for discounts and cashback at AEON Stores
  • People who want to avoid fees and minimum income requirements
  • Budget-conscious shoppers who spend on certain days

Bad for

  • Those looking for high cashback across all of their spend
  • People who want luxury travel perks
  • High income consumers seeking the highest rewards rates on the market

Editor's Rating

3.5/5.0

AEON UnionPay Credit Card is an accessible, no-fee credit card with great benefits for AEON loyalists. Cardholders earn a respectable 0.8% cashback on purchases made at AEON Stores, plus significant discounts on “Thanksgiving Days” and on a list of new products every month.

ProsCons
  • 0.8% cashback on spend at AEON
  • Member Price & "Thanksgiving Days" discounts
  • No minimum income and no annual fee
  • Shopping perks limited to AEON stores
  • Low 0.4% general cashback
  • No luxury travel perks
Promotions:
  • Receive 3% cashback in 1st 2mo on spend (max HK$500), OR:
  • Receive interest-free card instalment plan
  • Receive HK$100 cashback w/ online application
Card Overview
Pros:
  • 0.8% cashback on spend at AEON
  • Member Price & "Thanksgiving Days" discounts
  • No minimum income and no annual fee
  • Promotions: Receive 3% cashback in 1st 2mo on spend (max HK$500), OR:
  • Receive interest-free card instalment plan
  • Receive HK$100 cashback w/ online application
Cons:
  • Shopping perks limited to AEON stores
  • Low 0.4% general cashback
  • No luxury travel perks

What Makes AEON UnionPay Credit Card Stand Out

AEON UnionPay Credit Card grants shoppers the ability to stack cashback and significant discounts on their purchases at AEON Stores. The modest 0.4% cashback rate on general spend is boosted to 0.8% at AEON, and cardholders are automatically enrolled in the AEON Member Card programme.


A unique feature of this card is that Member Card holders enjoy 5% discounts on AEON purchases made on “Thanksgiving Days”, the 2nd and 20th of every month. What’s more, cardholders enjoy special AEON Member Prices, which provide rotating discounts on select electronics, fashion, groceries, home goods and more.

Rewards are granted to consumers through AEON’s Bonus Points program. Consumers can redeem HK$100 gift vouchers at AEON after accumulating 25,000 points, or redeem points for Asia Miles, Maxim’s gift coupons, Shell vouchers and more.

Breakdown of Discounts and Effective Savings

Regular spendAEON spendAEON spend + “Thanksgiving Days” discount
Purchase AmountHK$100HK$100HK$100
Discount0%0%5%
SavingsHK$0HK$0HK$5
Cashback earnedHK$0.4HK$0.8HK$0.76
Value-to-ConsumerHK$0.4HK$0.8HK$0.76
Adj. Cost to ConsumerHK$99.6HK$99.2HK$94.24
Effective Savings0.4%0.8%5.76%

The 0.4% cashback rate consumers earn on general spend is doubled with purchases at AEON, resulting in a respectable 0.8% rewards rate. When this cashback is combined with the 5% discount on AEON “Thanksgiving Days”, as well as other promotions on a variety of goods offered month-by-month, cardholders can earn nearly 6% back on their AEON purchases.


AEON UnionPay Credit Card has several significant drawbacks, however. Its 0.4% rewards rate on regular spend is lower than many other cashback cards, and even its boosted rate at AEON Stores is lower than the 1.5% flat cashback on all local spend offered by competing options like Standard Chartered Simply Cash Visa Card. This limits AEON UnionPay Credit Card’s effectiveness to purchasing discounted items in the Member Price monthly catalogue or on “Thanksgiving Days”.

Overall, AEON UnionPay Credit Card is a convenient choice for AEON loyalists looking for top discounts on their department store purchases. Although the boosted cashback rate at AEON Stores is relatively modest at 0.8%, when coupled with “Thanksgiving Days” discounts, shoppers can save significantly on their transactions.

This card is highly accessible, as it has no minimum income and no annual fee. That means consumers can get the most out of this card by using it on select AEON purchases and on select days, while using a different cashback credit card for spending across the rest of their budget.

How Does AEON UnionPay Credit Card’s Rewards Program Work?

Use our quick guide below to learn how you can redeem your credit card rewards.

  • Points are automatically accrued through the AEON Bonus Point program
  • Earn 1 point/HK$1 spend on general purchases, 2 points/HK$1 spend at AEON Stores
  • Points are redeemed through the bonus point catalogue
  • Redeem points by multiples of 25,000 to receive cash vouchers or air miles
  • Eligible air miles programmes: Asia Miles Conversion Program, JAL Mileage Bank
  • Eligible cash vouchers: AEON, Circle K Convenience Stores, Genki Sushi, Maxim’s, Häagen-Dazs, McDonald’s Hong Kong, Shell
  • Bonus Points cannot be transferred or combined between account holders

AEON UnionPay Credit Card's Features and Benefits:

Card Overview
  • Annual Fee: Free, Free
  • Income Requirement: HKD 0
Rewards Rate Details
  • 0.4% cashback on general spend
  • 0.8% cashback on AEON purchases
Benefits & Perks
  • AEON Member Price discount on select supermarket, fashion, electronics and home goods (selection changes monthly)
  • 5% Discount at AEON during “Thanksgiving Days” (2nd & 20th of every month)
  • Foreign currency transaction fees waived
Promotions:
  • Receive 3% cashback in 1st 2mo on spend (max HK$500), OR:
  • Receive interest-free card instalment plan
  • Receive HK$100 cashback w/ online application

AEON UnionPay Credit Card’s Rewards Exclusions

The following credit card expenditures are ineligible for rewards with AEON UnionPay Credit Card.

Cash advances, fees and charges (including finance charges, annual fees, late charges and other charges); tax payments; casino chips; cancelled/refunded transactions
General contractors (residential and commercial); automobile shops; car and truck dealers (sales, services, repairs, parts and leasing of both new and used cars and trucks); property agents; alcoholic beverage wholesalers

How does AEON UnionPay Credit Card Compare Against Other Cards?

AEON UnionPay Credit Card offers respectable cashback and unique discounts when shopping at AEON Stores in Hong Kong. However, other cashback credit cards have higher general spending rebates and offer more rounded rewards across your entire budget.

Graph showing some of Hong Kong's best credit cards in terms of value-to-consumer after two years, based on an average monthly spend of HK$12,000
AEON UnionPay Credit Card v. Standard Chartered Simply Cash Visa Card
  • Annual Fee: HKD 2,000
  • Stand-Out: Unltd. 1.5% rebate w/ boost for overseas
Standard Chartered Simply Cash Visa Card is an accessible choice for consumers looking for highly competitive rewards across all of their spend. Its 1.5% flat cashback on local spend is nearly double the rate AEON UnionPay Credit Card provides for shopping at AEON Stores, and cardholders earn 2% on overseas spending.


However, with an HK$96,000 minimum annual income, this card has higher requirements than AEON UnionPay Credit Card, though it is still comparatively low by market standards. Additionally, cardholders without a Standard Chartered banking relationship must pay a high HK$2,000 annual salary after the first year. AEON UnionPay Credit Card remains one of the most accessible cards on the market, and its steep discounts on select items at the department store make it worth considering for AEON loyalists.

AEON UnionPay Credit Card v. AEON Card JAL
  • Annual Fee: HKD 480
  • Stand-Out: Complimentary AEON discounts + JMB Miles
AEON Card JAL offers frequent travellers high miles rewards rates and great discounts at AEON. Cardholders earn 0.125 JMB miles per HK$1 general spend, 0.143 JMB miles on spend at AEON stores and 0.167 miles on local dining & transactions in Japan. JMB miles are roughly equal in value to Asia Miles.


In addition to competitive miles rates, AEON Card JAL cardholders can also enjoy the same member Price and “Thanksgiving Days” discounts offered to AEON UnionPay Credit Card. However, AEON Card JAL does have a low HK$480 annual fee if you don’t spend at least HK$30,000 per year, so AEON UnionPay Credit Card remains the lowest-maintenance choice for access to AEON discounts.

AEON UnionPay Credit Card v. BEA i-Titanium Card
  • Annual Fee: HKD 600
  • Stand-Out: Up to 3.4% cashback for online shopping
Consumers who seek highly competitive cashback for their online shopping should consider BEA i-Titanium Card. Cardholders earn 3.4% cashback online after reaching a very manageable HK$1.8k minimum monthly spend requirement, and 0.4% on all other transactions. In terms of accessibility, BEA i-Titanium Card has one of the lowest minimum income requirements on the market at just HK$40k, and a low annual fee of HK$600, waived for select BEA account holders.


AEON UnionPay Credit Card has the same 0.4% cashback rate on general spend offered by the BEA card, and its discounts still make it standout for AEON loyalists. Still, shoppers who tend to do most of their spending online and don’t mind spending requirements can achieve some of the best cashback rates on the market with BEA i-Titanium Card.

AEON UnionPay Credit Card v. Standard Chartered Simply Cash Visa Card
  • Annual Fee: HKD 2,000
  • Stand-Out: Unltd. 1.5% rebate w/ boost for overseas
Standard Chartered Simply Cash Visa Card is an accessible choice for consumers looking for highly competitive rewards across all of their spend. Its 1.5% flat cashback on local spend is nearly double the rate AEON UnionPay Credit Card provides for shopping at AEON Stores, and cardholders earn 2% on overseas spending.


However, with an HK$96,000 minimum annual income, this card has higher requirements than AEON UnionPay Credit Card, though it is still comparatively low by market standards. Additionally, cardholders without a Standard Chartered banking relationship must pay a high HK$2,000 annual salary after the first year. AEON UnionPay Credit Card remains one of the most accessible cards on the market, and its steep discounts on select items at the department store make it worth considering for AEON loyalists.

AEON UnionPay Credit Card v. AEON Card JAL
  • Annual Fee: HKD 480
  • Stand-Out: Complimentary AEON discounts + JMB Miles
AEON Card JAL offers frequent travellers high miles rewards rates and great discounts at AEON. Cardholders earn 0.125 JMB miles per HK$1 general spend, 0.143 JMB miles on spend at AEON stores and 0.167 miles on local dining & transactions in Japan. JMB miles are roughly equal in value to Asia Miles.


In addition to competitive miles rates, AEON Card JAL cardholders can also enjoy the same member Price and “Thanksgiving Days” discounts offered to AEON UnionPay Credit Card. However, AEON Card JAL does have a low HK$480 annual fee if you don’t spend at least HK$30,000 per year, so AEON UnionPay Credit Card remains the lowest-maintenance choice for access to AEON discounts.

AEON UnionPay Credit Card v. BEA i-Titanium Card
  • Annual Fee: HKD 600
  • Stand-Out: Up to 3.4% cashback for online shopping
Consumers who seek highly competitive cashback for their online shopping should consider BEA i-Titanium Card. Cardholders earn 3.4% cashback online after reaching a very manageable HK$1.8k minimum monthly spend requirement, and 0.4% on all other transactions. In terms of accessibility, BEA i-Titanium Card has one of the lowest minimum income requirements on the market at just HK$40k, and a low annual fee of HK$600, waived for select BEA account holders.


AEON UnionPay Credit Card has the same 0.4% cashback rate on general spend offered by the BEA card, and its discounts still make it standout for AEON loyalists. Still, shoppers who tend to do most of their spending online and don’t mind spending requirements can achieve some of the best cashback rates on the market with BEA i-Titanium Card.

Kevin Schwartz

Kevin is a Junior Research Analyst at ValueChampion specialising in credit cards in Hong Kong. He previously worked for the U.S. Congress as a Legislative Fellow as well as in international education in Beijing. He holds a B.A. in International Studies and Chinese from the College of the Holy Cross and received multiple scholarships for Chinese language studies, including the State Department Critical Language Scholarship.