HSBC Credit Cards in Hong Kong: Which is Best for You?

HSBC offers a number of credit cards with excellent cashback rewards and travel perks, as well as some impressive promotions. We analyzed every HSBC credit card in Hong Kong in order to provide recommendations based on whether you're spending your budget locally, overseas or as a high income earner looking for top rewards.

Best High Income HSBC Credit Card
Best HSBC Credit Cards for Travel
Best HSBC Credit Cards for Local Spend

Compare Best HSBC Credit Cards by Dollar Value

Based on an average monthly spend of HK$12,000, we analysed the best cash rebate credit cards on the market to estimate each card's value to consumers after 2 years, accounting for rebates and netting out annual fees. Note that value-to-consumer calculations depend heavily on individual spending habits, and intangible benefits like free travel insurance and airport lounge access are valuable but difficult to quantify.

A graph displaying how best HSBC credit cards compare to one another in terms of their rewards
Best HSBC Credit Cards in Hong Kong by Estimated 2-Year Dollar Value
Best High Income HSBC Credit Card Best HSBC Credit Cards for Travel Best HSBC Credit Cards for Local Spend

Compare Best Cashback Credit Cards by Dollar Value

Based on an average monthly spend of HK$12,000, we analysed the best cash rebate credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how best HSBC credit cards compare to one another in terms of their rewards
Best HSBC Credit Cards in Hong Kong by Estimated 2-Year Dollar Value

Best High Income HSBC Credit Card

This credit card offers top cashback rates in categories of your choosing including overseas spending, dining, entertainment and more. While the rebate for general spending is relatively conservative for this card, by combining your RewardsCash boosts with the Red Hot Rewards of your Choice programme, you can achieve some of the highest cashback rates available for select spend on the market.

HSBC Visa Signature Card: Top overseas cashback & travel perks

  • 1.6% rebate in key categories plus 2% bonus allocated by user
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
  • Read Our Full Review
HSBC Visa Signature Card is a great choice for high income consumers looking to receive excellent, customizable cashback on their spend. Cardholders receive a 1.6% rebate in one of five “Rewards of Your Choice” categories (dining, spend overseas, in mainland China and Macau, and with select merchants for entertainment and home & lifestyle). Consumers are also granted a 2% rebate that can be allocated in segments of 0.4% across the five categories or stacked on one kind of spend, depending on your preference.


Additionally, with HK$3,000 minimum spend per quarter, consumers earn an extra 2% "Red Hot Online and Overseas" cashback. Consumers can combine this bonus with the 1.6% “Rewards of your Choice” bonus and the 2% rebate to earn a strong 5.6% cashback on overseas transactions, making this one of the best cards available for consumers who spend abroad.

While this card has strong customisable rewards, the HK$360,000 minimum annual salary puts it out of reach for most consumers while the 0.4% cashback on general spend is relatively low. Overall the HSBC Visa Signature card is a good fit as long as you pay close attention to your spending and optimise your rewards across multiple categories.

  • HK$360k min. annual salary
  • Annual Fee: HK$2k, 2-yr waiver
  • 1.6% rebate on select categories
  • +2% bonus rebate, applied across categories
  • +2% bonus rebate on online and overseas spend w/ HK$3k spend/qtr
  • 1 free lounge visit/mo w/ single HK$1.5k transaction
  • Visa Signature and HSBC Year-Round Offers
  • Stand-Out: 1.6% rebate in key categories plus 2% bonus allocated by user
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
  • Read Our Full Review
HSBC Visa Signature Card is a great choice for high income consumers looking to receive excellent, customizable cashback on their spend. Cardholders receive a 1.6% rebate in one of five “Rewards of Your Choice” categories (dining, spend overseas, in mainland China and Macau, and with select merchants for entertainment and home & lifestyle). Consumers are also granted a 2% rebate that can be allocated in segments of 0.4% across the five categories or stacked on one kind of spend, depending on your preference.


Additionally, with HK$3,000 minimum spend per quarter, consumers earn an extra 2% "Red Hot Online and Overseas" cashback. Consumers can combine this bonus with the 1.6% “Rewards of your Choice” bonus and the 2% rebate to earn a strong 5.6% cashback on overseas transactions, making this one of the best cards available for consumers who spend abroad.

While this card has strong customisable rewards, the HK$360,000 minimum annual salary puts it out of reach for most consumers while the 0.4% cashback on general spend is relatively low. Overall the HSBC Visa Signature card is a good fit as long as you pay close attention to your spending and optimise your rewards across multiple categories.

  • HK$360k min. annual salary
  • Annual Fee: HK$2k, 2-yr waiver
  • 1.6% rebate on select categories
  • +2% bonus rebate, applied across categories
  • +2% bonus rebate on online and overseas spend w/ HK$3k spend/qtr
  • 1 free lounge visit/mo w/ single HK$1.5k transaction
  • Visa Signature and HSBC Year-Round Offers

Best HSBC Credit Cards for Travel

If you are looking for impressive cashback rates for spend in categories of your choosing and great travel perks, these cards might be a good choice for you. Unlike competitor cards which offer modest rewards across general spending, these HSBC credit cards allow you to allocate cashback in the categories you spend in the most, resulting in high rebates for your purchases.

HSBC UnionPay Dual Currency Card: Custom rebates and no fee for RMB spend

  • Choice of cashback w/ just HK$60k min. income req.
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
Frequent travellers who often spend overseas and want to avoid transaction fees for spending in RMB should definitely consider HSBC UnionPay Dual Currency Card. By spending a reasonable HK$3,000 per calendar year quarter, consumers are eligible to receive 2.4% cashback on overseas and online spend.


Additionally, cardholders can allocate a 2% rebate in increments of 0.4% across the “Rewards of your Choice” categories of dining, overseas, mainland China and Macau, entertainment, home and lifestyle. By combining this 2% boost with the 2% cashback on overseas spending and the base return of 0.4% on general spend, you can achieve an impressive 4.4% cashback on overseas spend, one of the best rates on the market.

Finally, HSBC UnionPay Dual Currency Card has no fee for spending in RMB and a low 1% transaction fee for making purchases in other currencies, a great perk for travellers who frequently travel in mainland China or overseas. With a very low HK$60,000 minimum income requirement, this card is a good option for budget-conscious consumers like students looking for solid rewards in spending categories of their choosing.

  • HK$60k min. annual salary
  • Annual fee: HK$300, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • Dual Currency: HKD and RMB spend separately billed
  • Foreign currency transaction fee waived for HKD/RMB, 1% for all other currencies
  • Stand-Out: Choice of cashback w/ just HK$60k min. income req.
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
Frequent travellers who often spend overseas and want to avoid transaction fees for spending in RMB should definitely consider HSBC UnionPay Dual Currency Card. By spending a reasonable HK$3,000 per calendar year quarter, consumers are eligible to receive 2.4% cashback on overseas and online spend.


Additionally, cardholders can allocate a 2% rebate in increments of 0.4% across the “Rewards of your Choice” categories of dining, overseas, mainland China and Macau, entertainment, home and lifestyle. By combining this 2% boost with the 2% cashback on overseas spending and the base return of 0.4% on general spend, you can achieve an impressive 4.4% cashback on overseas spend, one of the best rates on the market.

Finally, HSBC UnionPay Dual Currency Card has no fee for spending in RMB and a low 1% transaction fee for making purchases in other currencies, a great perk for travellers who frequently travel in mainland China or overseas. With a very low HK$60,000 minimum income requirement, this card is a good option for budget-conscious consumers like students looking for solid rewards in spending categories of their choosing.

  • HK$60k min. annual salary
  • Annual fee: HK$300, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • Dual Currency: HKD and RMB spend separately billed
  • Foreign currency transaction fee waived for HKD/RMB, 1% for all other currencies

HSBC Pulse UnionPay Dual Currency Diamond Card: High cashback for select spend categories

  • Cashback personalised to your spending habits + lounge & limo
  • Promotions: Receive HK$800 cashback w/ HK$/RMB8k min. spend in 1st 2mo
  • Read Our Full Review
HSBC Pulse UnionPay Dual Currency Diamond Card is another excellent choice for travellers seeking luxury perks and cashback in preferred categories. Consumers earn a base rate of 0.4% cashback on general spend with a 2% bonus rebate which can be spread across five spending categories: overseas, mainland China and Macau, home, lifestyle and dining and entertainment. Like the HSBC UnionPay Dual Currency card, this card grants cardholders 3.4% cashback on online and overseas spend with HK$3,000 minimum spend per quarter.


Besides waiving foreign currency transaction fees for RMB and MOP spend, this card offers perks like free lounge visits with HK$12,000 spend in two consecutive months and discounted limo service, making it a good choice for frequent regional travellers.

HSBC Pulse UnionPay Dual Currency Diamond Card is a good choice for consumers seeking rewards in specific areas. However, if you tend to use your credit card on a diverse range of purchases, you may want to consider options like Standard Chartered Simply Cash Visa Card, which offers 1.5% cashback across general spend. All in all, if you are a frequent traveller looking to optimize cashback in specific spending categories, especially overseas, this card may be a good choice for you.

  • HK$150k min. annual salary
  • Annual fee: HK$1.8k, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • Dual Currency: HKD and RMB spend separately billed
  • Foreign currency transaction fee waived for HKD/RMB/MOP, 1% for all other currencies
  • Discounted limousine service & up to 3 lounge visits/yr
  • Stand-Out: Cashback personalised to your spending habits + lounge & limo
  • Promotions: Receive HK$800 cashback w/ HK$/RMB8k min. spend in 1st 2mo
  • Read Our Full Review
HSBC Pulse UnionPay Dual Currency Diamond Card is another excellent choice for travellers seeking luxury perks and cashback in preferred categories. Consumers earn a base rate of 0.4% cashback on general spend with a 2% bonus rebate which can be spread across five spending categories: overseas, mainland China and Macau, home, lifestyle and dining and entertainment. Like the HSBC UnionPay Dual Currency card, this card grants cardholders 3.4% cashback on online and overseas spend with HK$3,000 minimum spend per quarter.


Besides waiving foreign currency transaction fees for RMB and MOP spend, this card offers perks like free lounge visits with HK$12,000 spend in two consecutive months and discounted limo service, making it a good choice for frequent regional travellers.

HSBC Pulse UnionPay Dual Currency Diamond Card is a good choice for consumers seeking rewards in specific areas. However, if you tend to use your credit card on a diverse range of purchases, you may want to consider options like Standard Chartered Simply Cash Visa Card, which offers 1.5% cashback across general spend. All in all, if you are a frequent traveller looking to optimize cashback in specific spending categories, especially overseas, this card may be a good choice for you.

  • HK$150k min. annual salary
  • Annual fee: HK$1.8k, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • Dual Currency: HKD and RMB spend separately billed
  • Foreign currency transaction fee waived for HKD/RMB/MOP, 1% for all other currencies
  • Discounted limousine service & up to 3 lounge visits/yr

HSBC Visa Gold Card: High overseas cashback and low min. income

  • Up to 4.4% cashback overseas, 2% online
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
If you have a low income and tend to do all of your spending in specific categories, you should consider HSBC Visa Gold Card. Like other HSBC cards, the Gold Card offers a 0.4% cashback rate on general spend, plus 2% cashback applied across one or several categories and a 2.4% online and overseas rate if you meet modest spending requirements.


One great feature of this card is the very low minimum salary requirement of HK$60,000 — this puts HSBC Gold Credit Card within most consumers’ price range. However, because of its Visa affiliation, this card does not waive currency fees for spend in RMB like HSBC UnionPay variants, which means you may want to consider other options if you frequently travel to the mainland.

  • HK$60k min. annual salary
  • Annual fee: HK$600, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • Discounted limousine service
  • Stand-Out: Up to 4.4% cashback overseas, 2% online
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
If you have a low income and tend to do all of your spending in specific categories, you should consider HSBC Visa Gold Card. Like other HSBC cards, the Gold Card offers a 0.4% cashback rate on general spend, plus 2% cashback applied across one or several categories and a 2.4% online and overseas rate if you meet modest spending requirements.


One great feature of this card is the very low minimum salary requirement of HK$60,000 — this puts HSBC Gold Credit Card within most consumers’ price range. However, because of its Visa affiliation, this card does not waive currency fees for spend in RMB like HSBC UnionPay variants, which means you may want to consider other options if you frequently travel to the mainland.

  • HK$60k min. annual salary
  • Annual fee: HK$600, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • Discounted limousine service

Best HSBC Credit Cards for Local Spend

These HSBC credit cards are a great choice for consumers looking for excellent cashback on their local spend. As an added bonus, you can enjoy a 0.4% rebate for online bill payments — a rare feature for credit cards in Hong Kong.

HSBC Red Credit Card: No-Fee Unltd Online & Groceries Rebate

  • Up to 4% online & 2% supermarket spend w/ no caps
  • Promotions: Receive HK$800 cashback w/ HK$8k min. spend in 1st 2mo; OR
  • Receive HK$800 Wellcome supermarket vouchers w/ HK$8k spend in 1st 2mo
  • Read Our Full Review
HSBC Red Credit Cardis ideal for consumers who want high, uncapped cashback on their local spend. The 4% rebate for online spend and 2% rate for transactions at supermarkets make this a great choice if you do most of your spending on everyday purchases. Additionally, the 1% cashback on general spend is well above the market average of 0.4%.


Cardholders also enjoy access to HSBC Year-round Offers, including discounts on dining, shopping, online purchases and more. HSBC Red Credit Card is accessible with a moderate HK$120,000 minimum income requirement and free annual fee. It is with noting that alternative choices like ICBC Horoscope UnionPay Dual Currency Diamond Card offer a higher flat rate of 1.5% cashback. However, if you do most of your shopping online and at the grocery store and want limitless cashback on your spend, the HSBC Red Credit Card is worth considering.

  • HK$120k min. annual salary
  • Annual fee: Free
  • 4% cashback for online spend
  • 2% cashback for supermarket spend
  • 1% cashback for other local & overseas spend
  • 0.4% cashback for online bill pay
  • HSBC Year-Round Offers
  • Stand-Out: Up to 4% online & 2% supermarket spend w/ no caps
  • Promotions: Receive HK$800 cashback w/ HK$8k min. spend in 1st 2mo; OR
  • Receive HK$800 Wellcome supermarket vouchers w/ HK$8k spend in 1st 2mo
  • Read Our Full Review
HSBC Red Credit Cardis ideal for consumers who want high, uncapped cashback on their local spend. The 4% rebate for online spend and 2% rate for transactions at supermarkets make this a great choice if you do most of your spending on everyday purchases. Additionally, the 1% cashback on general spend is well above the market average of 0.4%.


Cardholders also enjoy access to HSBC Year-round Offers, including discounts on dining, shopping, online purchases and more. HSBC Red Credit Card is accessible with a moderate HK$120,000 minimum income requirement and free annual fee. It is with noting that alternative choices like ICBC Horoscope UnionPay Dual Currency Diamond Card offer a higher flat rate of 1.5% cashback. However, if you do most of your shopping online and at the grocery store and want limitless cashback on your spend, the HSBC Red Credit Card is worth considering.

on_current="true" style="arrow" order="vertical" HK$120k min. annual salary Annual fee: Free 4% cashback for online spend 2% cashback for supermarket spend 1% cashback for other local & overseas spend 0.4% cashback for online bill pay HSBC Year-Round Offers

HSBC Visa Platinum Card: Custom cashback and rebate for online bill pay

  • Up to 4.4% cashback overseas w/ customized rebate
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
HSBC Visa Platinum Card is a great choice for consumers who do most of their spending in specific categories and prefer to customize their rebates. This card offers a 0.4% general cashback rate, plus 2% cashback applied across several categories and a 2.4% online and overseas rate if you spend HK$3,000 every quarter, an achievable goal for most consumers.


This card also offers a 0.4% cashback rate for online bill pay, an uncommon feature for most credit cards in Hong Kong. Like other customizable HSBC cards, this card is best suited for cardholders who keep spending in specific categories. Overall, HSBC Visa Platinum Card offers solid cashback on select local and overseas spending with the added benefit of cashback for paying bills online.

  • HK$120k min. annual salary
  • Annual fee: HK$1.8k, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • 0.4% cashback for online bill pay
  • Discounted limousine service
  • HSBC Year-Round Offers
  • Stand-Out: Up to 4.4% cashback overseas w/ customized rebate
  • Promotions: Receive HK$700 cashback w/ HK$/RMB8k min. spend in 1st 2mo
HSBC Visa Platinum Card is a great choice for consumers who do most of their spending in specific categories and prefer to customize their rebates. This card offers a 0.4% general cashback rate, plus 2% cashback applied across several categories and a 2.4% online and overseas rate if you spend HK$3,000 every quarter, an achievable goal for most consumers.


This card also offers a 0.4% cashback rate for online bill pay, an uncommon feature for most credit cards in Hong Kong. Like other customizable HSBC cards, this card is best suited for cardholders who keep spending in specific categories. Overall, HSBC Visa Platinum Card offers solid cashback on select local and overseas spending with the added benefit of cashback for paying bills online.

  • HK$120k min. annual salary
  • Annual fee: HK$1.8k, 2-yr waiver
  • 0.4% cash rebate on general spend
  • 2.4% online & overseas w/ HK$3k spend/qtr
  • +2% bonus cashback applied across select categories
  • 0.4% cashback for online bill pay
  • Discounted limousine service
  • HSBC Year-Round Offers
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 well as in international education in Beijing. He holds a B.A. in International Studies and Chinese from the College of the Holy Cross.