Standard Chartered Asia Miles Mastercard: How Does It Compare?

Standard Chartered Asia Miles Mastercard: How Does It Compare?

Accessible, Top Miles Rates & Banking Bonus

Good for

  • Everyday consumers seeking top miles rates
  • Foodies looking to quickly earn miles
  • Standard Chartered Priority or Premium Banking customers

Bad for

  • Those seeking a no-fee card
  • Consumers seeking luxury travel perks
  • People who don't want rewards in Asia Miles

Editor's Rating

5.0/5.0

Standard Chartered Asia Miles Mastercard is one of the best miles cards available for most consumers. Cardholders earn 0.167 miles per HK$1 local retail spend, which is one of the highest on the market. Most cards offering similar miles reward rates have strict restrictions that make them less versatile or require a very high income. By comparison, SC Asia Miles requires an income of HK$96k and rewards all expenditures. Cardholders also earn 0.250 miles on online, overseas and dining spend, which is boosted to 0.750 miles at select restaurants (elevated further to 1.250 miles on Mondays). Miles are credited automatically to the cardholder's Asia Miles account with no conversion fee. As if that wasn't enough, Standard Chartered Premium and Priority Banking customers can earn additional miles based on their banking activity. All in all, SC Asia Miles is a great option for anyone seeking an accessible miles card.

ProsCons
  • High base rate of 0.167 mi/HK$1
  • Up to 1.250 mi/HK$1 on dining
  • 0.250 mi/HK$1 online & overseas
  • Bonus mi. for SC Priority & Premium clients
  • No luxury travel perks
  • High HK$2k annual fee (waiver available)
  • Highest dining rewards rates are limited to specific days & merchants
Promotions:
  • Earn up to 5k miles on 1st HK$1k spend in 1st 2mo
  • Earn up to 13k miles on next HK$6.5k spend in 1st 2mo
  • Earn up to 22k miles on next HK$ 88k spend in 1st 2mo
  • Receive HK$100 cashback w/ online banking login in 1st 2mo
Card Overview
Pros:
  • High base rate of 0.167 miles/HK$1 w/ just HK$96k income req.
  • Earn up to 1.250 miles/HK$1 on select dining
  • Earn 0.250 miles/HK$1 on other dining, online & overseas
  • Bonus miles for SC Priority & Premium Banking customers
  • Promotions: Earn up to 5k miles on 1st HK$1k spend in 1st 2mo
  • Earn up to 13k miles on next HK$6.5k spend in 1st 2mo
  • Earn up to 22k miles on next HK$ 88k spend in 1st 2mo
  • Receive HK$100 cashback w/ online banking login in 1st 2mo
Cons:
  • No luxury travel perks
  • High HK$2k annual fee (waived w/ HK$150k spend)
  • SC Priority & Premium Banking services have HK$200k+ min balance reqs.
  • Only earn in Asia Miles (mostly partnered with Asian and European airlines)

What Makes Standard Chartered Asia Miles Mastercard Stand Out

With a minimum income requirement of HK$96,000, Standard Chartered Asia Miles Mastercard is one of the best miles cards for average consumers. In addition to earning a very impressive base rate, cardholders earn a special boost on dining and can even enjoy miles rewards on their banking activity.

SC Asia Miles Mastercard stands out by offering one of the highest miles rates on general spend amongst all credit cards. Cardholders earn 0.167 miles per HK$1 general retail spend. Most cards with similar or higher base rates have significantly higher minimum income requirements or only reward contactless payments. Unlike other cards offering a 0.167 miles rate on general spend–which usually require an income of HK$150k+–Standard Chartered Asia Miles Mastercard has an income requirement of just HK$96,000. SC Asia Miles also earns this high rate on general spend regardless of medium of transaction, not requiring that it be made with contactless pay like BOC i-Card or CCB eye Platinum Card.

Comparison of Miles Earned & Minimum Income Requirement

Credit CardMiles/ HK$1 General spendMobile Pay Required?Min. Income Req.
SC Asia Miles0.167NoHK$96k
DBS Black World0.167NoHK$240k
Amex Cathay Pacific Elite0.167NoHK$300k
Citi Prestige0.167NoHK$600k
BEA Flyer World0.200NoHK$240k
CCB eye Platinum0.333YesHK$150k
BOC i-Card0.667YesHK$150k
BEA Flyer World general spend rate excludes transactions at supermarkets, department stores, travel agencies & government departments, which earn 0.125 mi/HK$1 spend.

SC Asia Miles is also a great card for foodies, as consumers earn 0.250 miles per HK$1 spend on dining–significantly higher than the average market rate of 0.100 miles. Cardholders also earn an even more impressive 0.750 miles per HK$1 spend at over 400 select restaurants in Hong Kong, which is further boosted to 1.25 miles on Mondays.

Selection of Restaurants Eligible for Boosted Miles Rewards

Chinese & AsianHotel DiningWestern
  • Red Rest
  • Putien
  • Yum Cha
  • Dim Sum Bar
  • Fong Waa Parlour
  • Cafe Neo, Regal Oriental
  • Ming Court, Cordis
  • Flint, JW Marriott
  • ALTO Bar & Grill
  • Mr. & Mrs. Fox
  • Café Claudel
  • La Brasserie
Eligible restaurants are subject to change
Select Restaurants Eligible for Boosted Miles
Chinese & Asian
  • Red Rest
  • Putien
  • Yum Cha
  • Dim Sum Bar
Hotel Dining
  • Fong Waa Parlour
  • Cafe Neo, Regal Oriental
  • Ming Court, Cordis
  • Flint, JW Marriott
Western
  • ALTO Bar & Grill
  • Mr. & Mrs. Fox
  • Café Claudel
  • La Brasserie
Eligible restaurants are subject to change

Cardholders can also enjoy up to 3,500 monthly bonus miles based on their banking activity with Standard Chartered. Consumers holding Priority or Premium Banking accounts earn a set amount of miles every month for every type of account they keep active. It's worth noting that many of these accounts have minimum daily relationship requirements of HK$200,000, which may limit their accessibility for average consumers.

Standard Chartered Banking Services Rewards

Premium CustomersPriority Customers
Account RequirementHK$200k min. bal.HK$1m min. bal.
Max. Rewards/Product700 miles/mo70 miles/mo
Eligible Products
  • Deposits/Structured Invest./Premium Deposit
  • Investments
  • Insurance
  • Personal Instalment Loan
  • Mortgage Loan
  • Structured Invest./Premium Deposit
  • Investments
  • Insurance
  • Personal Instalment Loan
  • Mortgage Loan
  • Payroll Account
  • Online Banking

Standard Chartered Asia Miles Mastercard does have some drawbacks, however. Unlike other miles cards with impressive base rates, Standard Chartered Asia Miles Mastercard does not offer luxury travel perks like free lounge access or discounted limo services. Frequent travellers who place a premium on these perks may want to consider competitor cards like Citi Prestige, DBS Black World, or Amex Cathay Pacific Elite. SC Asia Miles also has a relatively high annual fee of HK$2,000, which is above the ~HK$1,800 market standard. However, this fee can easily be waived simply by holding a SC Bonus Payroll Account, which has a monthly salary requirement of just HK$5,000.

Ultimately, everyday consumers can earn amongst the highest miles rates on all of their expenditures with Standard Chartered Asia Miles Mastercard. Foodies in particular can also benefit from its especially high rates on dining. Its easy annual fee waiver and low minimum income requirement make it especially accessible to the general population. Still, this card could be even more valuable for wealthier individuals who are eligible for Standard Chartered's Priority and Premium Banking accounts, though it lacks some perks like free lounge access that some of those customers may want.

How Does Standard Chartered Asia Miles Mastercard's Rewards Program Work?

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

  • Cardholders earn directly in Asia Miles
  • Principal Cardholders must be Asia Miles members to earn rewards
  • Miles earned are credited directly to the principal cardholder's Asia Miles account
  • Miles earned cannot be converted into points or rebates and are non-transferrable
  • Miles will be forfeited if the card is closed and the Asia Miles membership information is invalid

Standard Chartered Asia Miles Mastercard's Features and Benefits:

Card Overview
  • Annual Fee: HKD 2,000, 1-Year Waiver, no fee for Priority Banking, Premium Banking or Bonus Payroll Account customers
  • Income Requirement: HKD 96,000
Rewards Rate Details
  • 0.167 miles per HK$1 local general spend
  • 0.250 miles per HK$1 dining, overseas & online spend
  • 0.750 miles per HK$1 spend with select local restaurants (1.250 miles on Mondays)
Benefits & Perks
  • Earn extra miles/mo with SC Priority or Premium banking services
  • The Good Life Year-Round Offers
  • Travel & car rental discounts via Asia Miles & Hertz Rewards Programmes
Promotions:
  • Earn up to 5k miles on 1st HK$1k spend in 1st 2mo
  • Earn up to 13k miles on next HK$6.5k spend in 1st 2mo
  • Earn up to 22k miles on next HK$ 88k spend in 1st 2mo
  • Receive HK$100 cashback w/ online banking login in 1st 2mo

Standard Chartered Asia Miles Mastercard's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

Bill payment transactions made through Standard Chartered Online Banking; Standard Chartered Phone Banking or JET Payment Service; phone order; mail order; any transfer/top up transaction from the Card to any account as designated by the Bank from time to time: including but not limited to; Octopus O!ePay; Alipay account and other digital payment account as may be made available by the Bank from time to time; cash advances; balance transfers; “Instalment Credit” amounts; “Credit-to-Cash” amounts; tax payment; financial charges and fees
List here, items separated by; Insurance payment; transactions made at merchants in the gambling and betting; security brokers or dealers; non-financial institutions (including but not limited to the purchase of foreign currency; money orders and travelers cheques); financial institutions (including but not limited to the purchase of merchandise and services from banks; savings and loans; thrifts and credit unions and face-to face cash disbursement); wire transfer money orders and wholesale purchase of precious stones and metals; watches and jewelry category (as defined by Mastercard Asia/Pacific (Hong Kong) Limited from time to time) NOTE:Octopus Automatic Add-Value transactions and interest-free monthly instalments are considered eligible for rewards.

How does Standard Chartered Asia Miles Mastercard Compare Against Other Cards?

Read our comparisons of Standard Chartered Asia Miles Mastercard 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
Standard Chartered Asia Miles Mastercard v. CCB (Asia) eye Platinum Credit Card
  • Annual Fee: Free
  • Stand-Out: Up to 0.469 miles for online & mobile spend, no annual fee
  • Read Our Full Review
CCB eye Platinum Card is great for modern consumers who want to rapidly earn miles on their contactless spend without an annual fee. On mobile or online transactions, cardholders earn 0.333 miles per HK$1 local spend and 0.469 overseas. While these rates are higher than SC Asia Miles', consumers should note that traditional local and overseas spend only earn 0.067 miles a 0.201 miles respectively. Additionally, CCB eye Platinum has an annual rewards cap of 20k miles, a limit that consumers will reach by spending just HK$6,666 a year on local mobile pay alone. By comparison, SC Asia Miles has no rewards limit.


CCB eye Platinum Card also has no annual fees. Meanwhile, SC Asia Miles does offer a fee waiver, but only for select SC banking account holders. Ultimately, while CCB eye Platinum Card is great for consumers seeking maintenance-free miles on their mobile and online spend, SC Asia Miles is better for those who want to flexibly earn miles without rewards limits.

Standard Chartered Asia Miles Mastercard v. BEA Flyer World Mastercard
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 0.2 miles/HK$1 everyday spend
  • Read Our Full Review
Miles-seeking consumers who spend most of their time in Hong Kong should definitely consider BEA Flyer World Mastercard. Cardholders earn 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies & government departments, and 0.200 miles everywhere else. Although SC Asia Miles Mastercard offers higher rates for online, overseas and dining spend, BEA Flyer World Mastercard allows consumers to earn competitive rates on everyday general retail.


BEA Flyer World Mastercard is less accessible than SC Asia Miles, however. Its HK$240k minimum income requirement is more than double SC Asia Miles Mastercard's. Nonetheless, BEA Flyer World Mastercard may be a better option for consumers who rarely leave Hong Kong but still want to earn top miles rates on their spend.

Standard Chartered Asia Miles Mastercard v. DBS Black World Mastercard
  • Annual Fee: HKD 2,000
  • Stand-Out: 45% discount on flights when redeeming miles through iGO
  • Read Our Full Review
Compared to SC Asia Miles, DBS Black World Mastercard allows frequent travellers to more flexibly redeem miles and enjoy deep flight discounts when redeeming miles. Cardholders earn the same 0.250 miles per HK$1 spend overseas and 0.167 miles rate on general spend as SC Asia Miles. When it comes time to redeem their miles, DBS Black World Mastercard allows consumers to enjoy 45% discounts on flights redeemed through DBS' iGO platform. Also, unlike SC Asia Miles, which only allows consumers to earn Asia Miles, DBS Black World Mastercard allows them to redeem rewards as Asia Miles, Singapore Airlines' KrisFlyer Miles, Air China's PhoenixMiles or British Airways' Avios.


DBS Black World Mastercard also offers luxury travel perks, offering consumers discounted flat-rate limo transfers and lounge accesses, neither of which are offered by SC Asia Miles. It's important to note that DBS Black World Mastercard is significantly less accessible, with a minimum income requirement of HK$240k and an unwaivable annual fee of HK$2k. Ultimately, DBS Black World Mastercard is better for frequent travelers seeking luxury perks and deep flight discounts, but SC Asia Miles is much more accessible to average consumers.

Standard Chartered Asia Miles Mastercard v. Citi Prestige Card
  • Annual Fee: HKD 3,800
  • Stand-Out: Free 4th night at hotels + annual gift of 20k miles
  • Read Our Full Review
Citi Prestige Card is ideal for wealthy consumers seeking the highest level of luxury perks. Cardholders earn 0.167 miles per HK$1 general spend–the same base rate offered by SC Asia Miles–and 0.200 miles overseas. However, its minimum income requirement of HK$600k is more than 6x that of SC Asia Miles, and it has a much higher unwaivable annual fee of HK$3.8k, amongst the highest on the market.


These extra barriers and costs are likely linked to the card's exceptional luxury perks like a free 4th night hotel stay, a complimentary lounge visit with every flight, waived green fees at golf courses across Asia and more. SC Asia Miles offers no luxury perks, let alone ones generous enough to compete with those offered by Citi Prestige Card. Nonetheless, while Citi Prestige Card is a better fit for affluent travelers that value luxury perks, SC Asia Miles is far more accessible and offers the same high miles rate on general spend.

SC Asia Miles v. CCB eye Platinum
  • Annual Fee: Free
  • Stand-Out: Up to 0.469 miles for online & mobile spend, no annual fee
CCB eye Platinum Card is great for modern consumers who want to rapidly earn miles on their contactless spend without an annual fee. On mobile or online transactions, cardholders earn 0.333 miles per HK$1 local spend and 0.469 overseas. While these rates are higher than SC Asia Miles', consumers should note that traditional local and overseas spend only earn 0.067 miles a 0.201 miles respectively. Additionally, CCB eye Platinum has an annual rewards cap of 20k miles, a limit that consumers will reach by spending just HK$6,666 a year on local mobile pay alone. By comparison, SC Asia Miles has no rewards limit.


CCB eye Platinum Card also has no annual fees. Meanwhile, SC Asia Miles does offer a fee waiver, but only for select SC banking account holders. Ultimately, while CCB eye Platinum Card is great for consumers seeking maintenance-free miles on their mobile and online spend, SC Asia Miles is better for those who want to flexibly earn miles without rewards limits.

SC Asia Miles v. BEA Flyer World Card
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 0.2 miles/HK$1 everyday spend
Miles-seeking consumers who spend most of their time in Hong Kong should definitely consider BEA Flyer World Mastercard. Cardholders earn 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies & government departments, and 0.200 miles everywhere else. Although SC Asia Miles Mastercard offers higher rates for online, overseas and dining spend, BEA Flyer World Mastercard allows consumers to earn competitive rates on everyday general retail.


BEA Flyer World Mastercard is less accessible than SC Asia Miles, however. Its HK$240k minimum income requirement is more than double SC Asia Miles Mastercard's. Nonetheless, BEA Flyer World Mastercard may be a better option for consumers who rarely leave Hong Kong but still want to earn top miles rates on their spend.

SC Asia Miles v. DBS Black World Mastercard
  • Annual Fee: HKD 2,000
  • Stand-Out: 45% discount on flights when redeeming miles through iGO
Compared to SC Asia Miles, DBS Black World Mastercard allows frequent travellers to more flexibly redeem miles and enjoy deep flight discounts when redeeming miles. Cardholders earn the same 0.250 miles per HK$1 spend overseas and 0.167 miles rate on general spend as SC Asia Miles. When it comes time to redeem their miles, DBS Black World Mastercard allows consumers to enjoy 45% discounts on flights redeemed through DBS' iGO platform. Also, unlike SC Asia Miles, which only allows consumers to earn Asia Miles, DBS Black World Mastercard allows them to redeem rewards as Asia Miles, Singapore Airlines' KrisFlyer Miles, Air China's PhoenixMiles or British Airways' Avios.


DBS Black World Mastercard also offers luxury travel perks, offering consumers discounted flat-rate limo transfers and lounge accesses, neither of which are offered by SC Asia Miles. It's important to note that DBS Black World Mastercard is significantly less accessible, with a minimum income requirement of HK$240k and an unwaivable annual fee of HK$2k. Ultimately, DBS Black World Mastercard is better for frequent travelers seeking luxury perks and deep flight discounts, but SC Asia Miles is much more accessible to average consumers.

SC Asia Miles v. Citi Prestige Card
  • Annual Fee: HKD 3,800
  • Stand-Out: Free 4th night at hotels + annual gift of 20k miles
Citi Prestige Card is ideal for wealthy consumers seeking the highest level of luxury perks. Cardholders earn 0.167 miles per HK$1 general spend–the same base rate offered by SC Asia Miles–and 0.200 miles overseas. However, its minimum income requirement of HK$600k is more than 6x that of SC Asia Miles, and it has a much higher unwaivable annual fee of HK$3.8k, amongst the highest on the market.


These extra barriers and costs are likely linked to the card's exceptional luxury perks like a free 4th night hotel stay, a complimentary lounge visit with every flight, waived green fees at golf courses across Asia and more. SC Asia Miles offers no luxury perks, let alone ones generous enough to compete with those offered by Citi Prestige Card. Nonetheless, while Citi Prestige Card is a better fit for affluent travelers that value luxury perks, SC Asia Miles is far more accessible and offers the same high miles rate on general spend.

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.