American Express I.T Cashback Card: Exclusive Shopping Discounts at I.T

American Express I.T Cashback Card: Exclusive Shopping Discounts at I.T

Competitive Cashback With Boost & Discounts at I.T

Good for

  • Those who frequently shop with I.T
  • People seeking a shopper card that's also good for everyday spend
  • Consumers looking for a low or no-fee card

Bad for

  • People who don't often shop fashion retail
  • Travellers looking for high overseas rates
  • People with specialised dining or online spend

Editor's Rating

4.0/5.0

Frequent fashion shoppers should definitely consider American Express I.T Cashback Card. Cardholders earn a very respectable 1.2% cashback on general spend, elevated to 2% when shopping with I.T. Additionally, consumers receive 12%+ discounts on regular-priced I.T merchandise, with even greater savings for VIP members (an upgraded store membership available to high spenders). On top of this, American Express I.T Cashback Card has an annual fee of just HK$980, waived with just HK$25,000 spend per year–quite achievable for the average consumer.

ProsCons
  • High unlimited 1.2% base rate
  • Up to 15% off I.T merchandise
  • Annual fee waived w/ HK$25k spend/yr
  • Lower rewards rates than other unltd cards
  • Perks focused on I.T shopping
  • No boost for dining, online or overseas spend
Promotions:
  • Receive HK$500 I.T gift certificate w/ HK$4k spend in 1st 2mo
  • Receive 2 free movie tickets (HK$230 value) w/ online application
Card Overview
Pros:
  • High unlimited 1.2% base rate
  • Up to 15% off I.T merchandise
  • Annual fee waived w/ HK$25k spend/yr
  • Promotions: Receive HK$500 I.T gift certificate w/ HK$4k spend in 1st 2mo
  • Receive 2 free movie tickets (HK$230 value) w/ online application
Cons:
  • Lower rewards rates than other unltd cards
  • Perks focused on I.T shopping
  • No boost for dining, online or overseas spend

What Makes American Express I.T Cashback Card Stand Out

American Express I.T Cashback Card is one of the best branded cashback cards on the market. It offers top rates and discounts on fashion retail spend with I.T and a competitive base rate for all other spend. In fact, consumers not only earn 2% cashback on all I.T shopping (capped at HK$1.2k/year), they also earn an unlimited 1.2% rebate on general spend. The market base rate is only 0.4%; Amex I.T Cashback Card's base rate is 3x higher.

When they are shopping fashion retail at I.T, cardholders get 12% off regular-priced items, boosted to 15% for those who qualify for the store's VIP membership (available with HK$200k spend at I.T over 3 months). Even better, everyone can enjoy 5% savings on select discounted items.

Savings at I.T Store with American Express I.T Cashback Card

Starting PriceReg. Item Discount (12%)I.T Card Cashback (2%)Final CostSavings
HK$5,000HK$600HK$12HK$4,388HK$612
HK$10,000HK$1,200HK$24HK$8,776HK$1,224
HK$15,000HK$1,800HK$36HK$13,164HK$1,836
HK$20,000HK$2,400HK$48HK$17,552HK$2,448

Nonetheless, Amex I.T Cashback is particularly designed to appeal to shoppers. Consumers who aren't looking for a shopper card or who rarely shop with I.T might prefer alternative cards with comparably high base rates, but with boosts in other spending categories. For example, SC Simply Cash offers 1.5% on general spend, boosted to 2% overseas. Citi Cash Back offers a 1% base rate, elevated to 2% on dining, hotels and foreign currency transactions. It's important to select a card that best aligns with your typical spending behaviours.

Local and Overseas Rebate Rates of Unlimited Cashback Cards

LocalDiningOverseasShopping Perks
Amex I.T Cashback1.2%1.2%1.2%I.T discounts, fraud protection & personal property insurance
SC Simply Cash1.5%1.5%2.0%Standard Chartered & Visa Signature Year-Round Offers
Citi Cash Back1.0%2.0%2.0%Citi World Privileges & personal property insurance

Even still, American Express I.T Cashback Card's high base rate makes it a competitive match for many everyday spenders, though I.T shoppers are most poised to benefit. And, even better, the card is affordable for most consumers, with a relatively low annual fee of HK$980, which can be easily waived with just HK$25k annual spend.

How Does American Express I.T Cashback Card's Rewards Program Work?

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

  • Every 1 dollar of cashback earned is equal in value to HK$1
  • Cashback is automatically credited to the account in the monthly statement
  • You will stop earning and receiving cashback if account is not in good standing and is overdue
  • Cashback will be forfeited when account is closed or cancelled
  • Cashback is not redeemable for cash and does not count towards the minimum balance payment

American Express I.T Cashback Card's Features and Benefits:

Card Overview
  • Annual Fee: HKD 980, 1-Year waiver, then w/ HK$25k annual spend
  • Income Requirement: HKD 150,000
Rewards Rate Details
  • 2% cashback at I.T stores (capped at HK$1.2k/yr)
  • Unlimited 1.2% cashback on general spend
Benefits & Perks
  • Year-round I.T Privileges (up to 15% off regular-priced items)
  • American Express Selects Privileges
  • Online Fraud Protection Guarantee
  • 45 Days Cover personal property insurance (up to HK$30k)
  • Up to 25% off I.T purchases during cardholder's birthday month
  • Discounted movie tickets with Broadway Circuit & AMC Pacific Place Cinemas
Promotions:
  • Receive HK$500 I.T gift certificate w/ HK$4k spend in 1st 2mo
  • Receive 2 free movie tickets (HK$230 value) w/ online application

American Express I.T Cashback Card's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

Charges processed and billed prior to the enrollment date; American Express card annual fee; balance transfer; Express Cash and other cash services charges; American Express travelers cheque purchases; American Express gift cheque or travel gift certificate purchases; charges for dishonored cheques; finance charges; late payment and referral charges
Tax refunds from overseas purchases; tax bill payment

How does American Express I.T Cashback Card Compare Against Other Cards?

Read our comparisons of American Express I.T Cashback Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

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
American Express I.T Cashback Card v. HSBC Red Credit Card
Online shoppers looking for top cashback rates may want to consider HSBC Red Credit Card. Cardholders earn an unlimited 4% cashback on every online purchase, doubling Amex I.T Cashback's elevated rate for spend with I.T alone. Not only does HSBC Red Card provide more competitive rates for online shoppers, it also offers boosted 2% rates on supermarket shopping while maintaining a competitive 1% base rate on general spend.


In terms of cost, HSBC Red Card has no annual fee, meaning consumers never have to worry about paying for the right to earn cashback. Although Amex I.T Cashback does have a very easy waiver requirement, consumers still have to make sure they're spending at least HK$25k/year to avoid an HK$980 annual fee. Altogether, while Amex I.T Cashback Card is a better match for brand loyalists interested in I.T-specific discounts, HSBC Red Card is markedly better for online and everyday shoppers.

American Express I.T Cashback Card v. Standard Chartered Simply Cash Visa Card
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Unltd. 1.5% rebate w/ boost for overseas
  • Read Our Full Review
Frequent travellers with significant overseas spend should definitely consider Standard Chartered Simply Cash Visa Card. Cardholders earn 1.5% cashback locally, boosted to 2% overseas. Consumers with significant overseas budgets can earn at nearly double the rewards rate offered by Amex I.T Cashback Card. Amex I.T Cashback Card's boosted rebate rate and discounts on I.T purchases, however, are still more impressive for fans of the store. Altogether, while people who shop a lot at I.T may get more out of American Express I.T Cashback Card, SC Simply Cash Visa Card is a better option for frequent travellers.
American Express I.T Cashback Card v. Citi Cash Back Card
  • Annual Fee: HKD 1,800
  • Stand-Out: Unltd. cashback with boost for dining, hotels & overseas
  • Read Our Full Review
Citi Cash Back Card is amongst the best cashback cards on the market for frequent travellers and foodies. To start, cardholders earn 1% cashback on general local spend, elevated to 2% on all dining, hotel and overseas transactions. Although the general local spend rebate rate is lower than that offered by Amex I.T Cashback Card, consumers who frequently dine out and travel could potentially earn cashback more quickly with Citi Cash Back.


It is worth noting that Citi Cash Back has a much higher annual fee of HK$1.8k, however. This fee is only waived for the 1st year. Amex I.T Cashback Card, on the other hand, has an annual fee of only HK$980, which is waived the 1st year and thereafter with HK$25k annual spend. All in all, frequent travellers and foodies who don't mind paying an annual fee may be better off with Citi Cash Back Card, while fashion shoppers looking for an affordable card might prefer Amex I.T Cashback.

American Express I.T Cashback Card v. BlueCash Credit Card from American Express
  • Annual Fee: HKD 980 (waiver available)
  • Stand-Out: 1.2% flat cashback & 0% instalment plans
  • Read Our Full Review
BlueCash Credit Card from American Express is identical to American Express I.T Cashback Card in nearly every way. Both cards earn an unlimited 1.2% cashback on local and overseas general spend. Additionally, both have a HK$980 annual fee, which is waived with HK$25k spend per year.


While BlueCash Card makes it more obvious that it offers consumers 0% interest instalment plans on major purchases with select merchants, these same plans can also be accessed by Amex I.T Cashback cardholders. The major difference is that BlueCash doesn't provide any of the I.T discounts or boosted rates. While those who never shop at I.T would be just as well off with BlueCash Card, others should opt for American Express I.T Credit Card.

American Express I.T Cashback Card v. HSBC Red Credit Card
  • Annual Fee: Free
  • Stand-Out: Unltd. 4% cashback online, 2% on groceries
Online shoppers looking for top cashback rates may want to consider HSBC Red Credit Card. Cardholders earn an unlimited 4% cashback on every online purchase, doubling Amex I.T Cashback's elevated rate for spend with I.T alone. Not only does HSBC Red Card provide more competitive rates for online shoppers, it also offers boosted 2% rates on supermarket shopping while maintaining a competitive 1% base rate on general spend.


In terms of cost, HSBC Red Card has no annual fee, meaning consumers never have to worry about paying for the right to earn cashback. Although Amex I.T Cashback does have a very easy waiver requirement, consumers still have to make sure they're spending at least HK$25k/year to avoid an HK$980 annual fee. Altogether, while Amex I.T Cashback Card is a better match for brand loyalists interested in I.T-specific discounts, HSBC Red Card is markedly better for online and everyday shoppers.

American Express I.T Cashback Card v. Standard Chartered Simply Cash Visa Card
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Unltd. 1.5% rebate w/ boost for overseas
Frequent travellers with significant overseas spend should definitely consider Standard Chartered Simply Cash Visa Card. Cardholders earn 1.5% cashback locally, boosted to 2% overseas. Consumers with significant overseas budgets can earn at nearly double the rewards rate offered by Amex I.T Cashback Card. Amex I.T Cashback Card's boosted rebate rate and discounts on I.T purchases, however, are still more impressive for fans of the store.


Altogether, while people who shop a lot at I.T may get more out of American Express I.T Cashback Card, SC Simply Cash Visa Card is a better option for frequent travellers.

American Express I.T Cashback Card v. Citi Cash Back Card
  • Annual Fee: HKD 1,800
  • Stand-Out: Unltd. cashback with boost for dining, hotels & overseas
Citi Cash Back Card is amongst the best cashback cards on the market for frequent travellers and foodies. To start, cardholders earn 1% cashback on general local spend, elevated to 2% on all dining, hotel and overseas transactions. Although the general local spend rebate rate is lower than that offered by Amex I.T Cashback Card, consumers who frequently dine out and travel could potentially earn cashback more quickly with Citi Cash Back.


It is worth noting that Citi Cash Back has a much higher annual fee of HK$1.8k, however. This fee is only waived for the 1st year. Amex I.T Cashback Card, on the other hand, has an annual fee of only HK$980, which is waived the 1st year and thereafter with HK$25k annual spend. All in all, frequent travellers and foodies who don't mind paying an annual fee may be better off with Citi Cash Back Card, while fashion shoppers looking for an affordable card might prefer Amex I.T Cashback.

American Express I.T Cashback Card v. BlueCash Credit Card from American Express
  • Annual Fee: HKD 980 (waiver available)
  • Stand-Out: 1.2% flat cashback & 0% instalment plans
BlueCash Credit Card from American Express is identical to American Express I.T Cashback Card in nearly every way. Both cards earn an unlimited 1.2% cashback on local and overseas general spend. Additionally, both have a HK$980 annual fee, which is waived with HK$25k spend per year.


While BlueCash Card makes it more obvious that it offers consumers 0% interest instalment plans on major purchases with select merchants, these same plans can also be accessed by Amex I.T Cashback cardholders. The major difference is that BlueCash doesn't provide any of the I.T discounts or boosted rates. While those who never shop at I.T would be just as well off with BlueCash Card, others should opt for American Express I.T Credit Card.

Jacob Weiss

Jacob is a Junior Research Analyst at ValueChampion, focusing on credit cards and other consumer financial products. Previously, he covered hedge funds and long only products for Cambridge Associates. He holds a B.S. in Finance from the University of Maryland and has passed Level 1 of the CFA exam.