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BEA World Mastercard: Rapid Miles or Cashback for Local Spenders

Flexible, Competitive Rewards and Travel Perks for Local Spenders

BEA World Mastercard: Rapid Miles or Cashback for Local Spenders

Flexible, Competitive Rewards and Travel Perks for Local Spenders

4.5/5.0

ValueChampion Rating ValueChampion Icon

Good for

  • People looking to rapidly earn miles on everyday purchases
  • Foodies seeking impressive dining cashback
  • Existing BEA accountholders

Bad for

  • Consumers looking for consistent cashback on every purchase
  • Low-income consumers
  • People looking to avoid overseas currency fees

BEA World Mastercard is a good choice for local spenders looking for great rewards and well-rounded perks. Cardholders choose between the BEA Mileage Reward programme, which earns boosted miles for local spending, or the BEA Dining Reward programme’s 4x points boost for dining transactions. You can also enjoy convenient travel and entertainment perks like discounted lounge visits, making this a great card for everyday purchases and international travel.

ProsCons
  • 0.125 mi/HK$1 spend
  • 0.200 mi/HK$1 on select local purchases through BEA Mileage Reward programme, OR:
  • 1.6% cashback on dining transactions through BEA Dining Reward programme
  • Discounted medical check-ups, lounge trips and HK Jockey Club access
  • Annual fee waiver with select BEA accounts
  • Highest rebates limited to select purchases
  • Relatively high HK$240,000 minimum income requirement
  • Other cards offer higher overseas rebates
  • Travel perks have conditions
Promotions:
  • Receive HK$600 supermarket coupon
  • The Singleton of Glen Ord 12/18 Year AND up to 5% cashback on dining spend w/ HK$4k+ spend in 1st 2mo, OR:
  • Recive HK$300 cashback w/ HK$3k spend in 1st 2mo, OR:
  • Receive 300 miles w/ HK$3k spend in 1st 2mo
Card Overview
Pros:
  • 0.125 mi/HK$1 spend
  • 0.200 mi/HK$1 on select local purchases through BEA Mileage Reward programme, OR:
  • 1.6% cashback on dining transactions through BEA Dining Reward programme
  • Discounted medical check-ups, lounge trips and HK Jockey Club access
  • Annual fee waiver with select BEA accounts
  • Promotions: Receive HK$600 supermarket coupon
  • The Singleton of Glen Ord 12/18 Year AND up to 5% cashback on dining spend w/ HK$4k+ spend in 1st 2mo, OR:
  • Recive HK$300 cashback w/ HK$3k spend in 1st 2mo, OR:
  • Receive 300 miles w/ HK$3k spend in 1st 2mo
Cons:
  • Highest rebates limited to select purchases
  • Relatively high HK$240,000 minimum income requirement
  • Other cards offer higher overseas rebates
  • Travel perks have conditions

What Makes BEA World Mastercard Stand Out

Consumers can earn very competitive miles rewards on every purchase with the BEA World Mastercard. By enrolling in the BEA Mileage Reward programme, you can boost the 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies and government departments up to 0.200 miles per HK$1 for all other spending. Both rates are significantly higher than the market average of 0.067 miles per HK$1 spend.

If you spend a significant portion of your budget eating out, you can instead enroll in the BEA Dining Reward programme.Through this programme cardholders earn 4x Bonus Points on their dining transactions, equivalent to a 1.6% cashback rebate. While BEA World Mastercard's rewards are technically earned in points, they can easily be redeemed for miles without conversion or handling fees.

BEA World Mastercard also offers a broad mix of entertainment and lifestyle perks. Cardholders can reserve rooms in Hong Kong Jockey Club's Visitor Box and function rooms at both the Happy Valley and Sha Tin racecourses. Consumers can also take advantage of up to 55% off on Blue Care Medical Centre check-ups and discounted tickets at MCL Cinemas.

During your travel you can enjoy discounted access to 1,000+ LoungeKey lounges for US$32 per person per visit when reserved with this BEA credit card. Cardholders can also reserve 6 discounted limousine transfers per year at Hong Kong International Airport at a discounted price. While these perks can definitely save you money, other credit cards like American Express Cathay Pacific Elite Credit Card offer airport lounge visits for free.

Comparing Overseas Rates and Lounge Perks

Credit CardOverseas RateLounge Perks
Citi PremierMiles0.333 mi12 free lounge visits/year
Amex Cathay Pacific Elite0.250 mi10 free lounge visits/year
CCB HKA0.250 mi5 free lounge visits/year
DBS Black World0.250 miDiscounted lounge visits
BEA World Mastercard0.200 miDiscounted lounge visits
Amex Cathay Pacific0.188 mi2 free lounge visits/year
CCB HKA Card technically earns in FWC Pts, which are roughly equal in value to Asia Miles. Citi PremierMiles earns 0.333 mi/HK$1 spend overseas with HK$20k monthly spend.

One drawback of this card is its high HK$240,000 minimum income requirement and very high HK$3,000 annual fee. BEA customers with deposit, Mandatory Provident Fund, mortgage or consumer loan accounts can perpetually waive this annual fee, but other consumers will lose a significant portion of their rewards every year to this fee. The BEA World Mastercard is therefore optimised for BEA loyalists with a higher salary.

Altogether, BEA World Mastercard is a competitive choice for consumers looking to earn rapid air miles or high cashback on their dining spend. Cardholders can enjoy a diverse range of entertainment and travel perks by making reservations with this BEA credit card. The World Mastercard’s biggest downside is its high minimum income and annual fee, but a banking relationship with BEA makes this card significantly more affordable.

How Does BEA World Mastercard's Rewards Program Work?

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

  • Rewards originally earned as Bonus Points
  • Points are valid for 5 years
  • BEA Mileage Reward programme: earn 0.200 mi/HK$1 on select local purchases through BEA Mileage Reward programme
  • BEA Dining Reward programme: earn 4x Bonus Points (1.6% cashback) on dining transactions
  • Points can be redeemed for Asia Miles at a rate of 8 Points = 1 Asia Mile (no conversion fee)
  • Points can only be redeemed for Asia Miles in blocks of 40k point (for 5k Asia Miles)
  • Points can also be redeemed for gift/merchant vouchers on BEA MALL & Shop Smart online platforms
  • Points can alternatively be combined across a maximum of 2 different BEA cards under the same principal cardholder's name

BEA World Mastercard's Features and Benefits:

Card Overview
  • Annual Fee: HKD 3,000, Fee waiver for maintaining deposit, mortgage loans, consumer loans or MPF accounts w/ BEA
  • Income Requirement: HKD 240,000
Rewards Rate Details
  • 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies and government departments
  • 0.200 miles per HK$1 other general spend, OR:
  • 1.6% cashback on dining transactions
  • Octopus AAVS & government department spend rebates jointly capped at 1,250 mi/mo
  • No miles conversion fees
Benefits & Perks
  • Discounted lounge visits at 1,000+ LoungeKey locations for US$32 (HK$) per person per visit
  • Up to 55% off Blue Care Medical Centre check-up packages
  • Hong Kong Jockey Club Visitor Box access
  • BEA Year-Round Offers & World Mastercard Privileges
Promotions:
  • Receive HK$600 supermarket coupon
  • The Singleton of Glen Ord 12/18 Year AND up to 5% cashback on dining spend w/ HK$4k+ spend in 1st 2mo, OR:
  • Recive HK$300 cashback w/ HK$3k spend in 1st 2mo, OR:
  • Receive 300 miles w/ HK$3k spend in 1st 2mo

BEA World Mastercard's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

  • Cash advances
  • Statement instalments
  • "Cash in Hand"
  • Balance transfers
  • Fees or charges including finance charges, late charges, annual fees or any other fees and charges
  • Fund transfers
  • Purchases and/or adding value to stored-value cards or e-wallets (except PayMe/Octopus Automatic Add Value Service)
  • All bill payments (including but not limited to banking & credit card services, credit services, securities trading, tax payment, educations and insurance) through cyberbanking (including internet phone, ATM and mobile banking)
Casino chips, payments which are unposted or posted but subsequently cancelled, or reserved or refunded (including tax refunds on purchases) in whole or in part

How does BEA World Mastercard Compare to Other Cards?

Read our comparisons of BEA World Mastercard to alternatives and learn what makes each card unique in its own way. If you are looking for a BEA credit card with lower requirements, read our analysis of the best BEA credit cards in Hong Kong to learn more.

BEA World Mastercard v. Standard Chartered Asia Miles Mastercard
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
  • Read Our Full Review
Consumers looking for excellent mils rates for overseas and dining purchases may want to consider Standard Chartered Asia Miles Mastercard. Cardholders earn 0.167 miles per HK$1 local spend, boosted to 0.250 miles online, overseas and on dining (0.750 with select restaurants and 1.250 on Mondays). Although BEA World Mastercard offers higher rates on select local spending, SC Asia Miles Mastercard offers a higher general rebate and unbeatable dining rewards.


SC Asia Miles is also more accessible than the BEA World Mastercard with a low HK$96,000 minimum income requirement. The relatively high HK$2,000 annual fee is also waivable with a Standard Chartered banking relationship. While BEA World Mastercard is great for consumers who spend most of their time in Hong Kong, SC Asia Miles Mastercard may be a better match for foodies, travellers and online shoppers.

BEA World Mastercard v. Citi PremierMiles Card
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: Up to 0.333 miles per HK$1 spend overseas
  • Read Our Full Review
High-income travellers who prioritise free lounge access and want to quickly accumulate miles should definitely consider Citi PremierMiles Card. Cardholders earn 0.250 miles per HK$1 online and overseas, boosted to 0.333 miles with HK$20,000 monthly spend. Although local transactions only earn 0.125 miles per HK$1 spend, this rate is still above the market standard of 0.067 miles.


Citi PremierMiles Card also stands out for its generous travel benefits. Consumers can enjoy up to 12 free lounge visits per year, as long as they spend HK$5,000 per visit on their card the following month. While there is a HK$1,800 annual fee, it can be waived with HK$100,000 annual spending.

Citi PremierMiles’ excellent miles rebates and easy-to-use travel perks make it a more competitive online shopping and travel card than BEA World Mastercard.

BEA World Mastercard v. SC Asia Miles
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
Consumers looking for excellent mils rates for overseas and dining purchases may want to consider Standard Chartered Asia Miles Mastercard. Cardholders earn 0.167 miles per HK$1 local spend, boosted to 0.250 miles online, overseas and on dining (0.750 with select restaurants and 1.250 on Mondays). Although BEA World Mastercard offers higher rates on select local spending, SC Asia Miles Mastercard offers a higher general rebate and unbeatable dining rewards.


SC Asia Miles is also more accessible than the BEA World Mastercard with a low HK$96,000 minimum income requirement. The relatively high HK$2,000 annual fee is also waivable with a Standard Chartered banking relationship. While BEA World Mastercard is great for consumers who spend most of their time in Hong Kong, SC Asia Miles Mastercard may be a better match for foodies, travellers and online shoppers.

BEA World Mastercard v. Citi PremierMiles
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: Up to 0.333 miles per HK$1 spend overseas
High-income travellers who prioritise free lounge access and want to quickly accumulate miles should definitely consider Citi PremierMiles Card. Cardholders earn 0.250 miles per HK$1 online and overseas, boosted to 0.333 miles with HK$20,000 monthly spend. Although local transactions only earn 0.125 miles per HK$1 spend, this rate is still above the market standard of 0.067 miles.


Citi PremierMiles Card also stands out for its generous travel benefits. Consumers can enjoy up to 12 free lounge visits per year, as long as they spend HK$5,000 per visit on their card the following month. While there is a HK$1,800 annual fee, it can be waived with HK$100,000 annual spending.

Citi PremierMiles’ excellent miles rebates and easy-to-use travel perks make it a more competitive online shopping and travel card than BEA World Mastercard.

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.