Best Credit Cards with Annual Fee Waiver in Hong Kong

Compare credit cards with an annual fee waiver in Hong Kong to save credit card spending and earn rewards at the same time. Read More
We found 33 Credit Cards for you!
Standard Chartered Smart Card
MoneySmart Exclusive
5% rebate|Waive foreign exchange fee
Cash back on spending at designated stores of HKTVmall
5%
Cash back on local spend
5%
MoneySmart Exclusive Offer
HK$2,798

【MoneySmart Exclusive: Rewards up to HK$2,798💰】
From now until 31 January 2025, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get JBL Charge 5 Portable Waterproof Speaker (Value: HK$1,998) or OSIM  uCozy V  V Neck & Shoulder Massager (Value: HK$1,780) or Rollink Flex (VEGA II) Collapsible Carry-On Suitcase (21inch) (Value: HK$1,299) or HK$700 Deliveroo Voucher + 12-month Deliveroo Plus Silver Membership Package (Value: HK$1,426) or HK$800 Apple Store Gift Card or HK$800 PARKnSHOP supermarket vouchers or HK$800 HKTVmall e-Vouchers.

Valid until 31 Jan 2025 - See more details below
Apply Now
WeWa UnionPay Diamond Card
MoneySmart Exclusive
Min. Annual Salary
HK$0
Local, Overseas and Online Spending via selected mobile payments
Up to 6%
Cash rebate on travel spending and designated spending categories
4%

【MoneySmart Exclusive Offer】Want to get extra HK$200 vouchers from MoneySmart?  From now until 31 January 2025, new customers who successfully applied for WeWa UnionPay Diamond Card via MoneySmart, can enjoy 2,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$200 in the Rewards Store (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)
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【PrimeCredit x MoneySmart】From now until March 31 2025, successfully applied WeWa UnionPay Diamond Card through MoneySmart and earn extra HK$100 cash rebate + Welcome offer : Osaka Round-trip Flight Tickets or HK$500 Cash Rebate or up to HK$90,000 Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$400 Klook e-Gift Card (Extra reward will be fulfilled by PrimeCredit)

Valid until 31 Jan 2025 - See more details below
Apply Now
Mox Credit Card (Miles)
MoneySmart Exclusive
Limited Offer|Best-in-town Asia Miles rewards
Miles Conversion
HKD4 = 1 mile
Foreign transaction fee waived
1.95%
MoneySmart exclusive welcome offer
61,250 miles + HKD200 voucher+HKD726 Deliveroo Plus Silver membership + Cash Voucher

January New-Year Offer : Get an extra HKD 200 voucher just for you💵
⭐️ Reward you with 33,250 miles🛩 New customers can enjoy up to 25,000 miles (redeemable for a round-trip ticket to Japan 🇯🇵) During the promotional period, spend a specified amount for each transaction to receive an additional 8,250 miles 🛩  Earn extra up to 61,250 miles with placing a time-deposit of 12-month!
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Additionally, MoneySmart will reward you an exclusive HKD200 Apple Store gift card / ParknShop cash voucher / Trip.com electronic voucher+Deliveroo Plus Silver membership and a cash voucher redemption code (valued at HK$726) Total value over HKD8,582💰

Terms and conditions apply.
📣“Best-in-town” Credit Card with instant miles reward – as low as HKD4 / mile for any purchase and 0% FX Fees*
Introducing the new Mox Credit's Miles Rewards Scheme '4100'—Enjoy spending at a rate as low as 'HKD4 = 1 mile' on all purchases; with 'no limit' on unlimited miles and flights and benefit from '0%' FX fees (compared to the bank charge of 1.95%)

Valid until 31 Jan 2025 - See more details below
Apply Now
DBS Black World Mastercard
MoneySmart Exclusive
Redeem various mileage points without any fee
Min. Annual Salary
HK$240,000
Upon meeting local and overseas spending goal*
HK$3/mile
Annual Fee Waiver
First-Year

【⚡️Unleash Your Wanderlust: HK$500 vouchers & Awesome Extras Await!】
From now until 31 Jan 2025, customers who successfully apply for DBS Black World Mastercard via MoneySmart, can enjoy 5,000 SmartPoints!
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With 5,000 SmartPoints can fully redeem HK$500 cash vouchers (over 20+ brand vouchers including Apple, PARKnSHOP, Klook etc) or Smasung Galaxy Fit (Value: HK$498) or JBL Clip 4 Ultra-portable Waterproof Speaker (Value:HK$499). If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints. Click here to explore limitless possibilities at our Rewards Store! Including bank welcome offer, you can enjoy up to HK$500 rewards and up to 30,000 miles!
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【📣 BREAKING: 2025 Rewards Upgrade!】 DBS lowered the spending threshold to HK$20,000 monthly (vs HK$80,000 quarterly in 2024), making it EASIER THAN EVER to earn miles on your overseas spending!

Valid until 31 Jan 2025 - See more details below
Apply Now
AEON CARD WAKUWAKU
Read More
CNCBI Motion Credit Card
Min. Annual Salary
HK$96,000
Cash Back on Dining, Online and Foreign Currency Spending
6%
Annual Fee Wavier
First-Year
Read More
Standard Chartered Cathay Mastercard
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, hotels and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
60,000 miles

【 ✈️ Travel with CX Card & Jollying Pebble Suitcase! 🧳】
From now until 31 January 2025, new cardholders who successfully apply for Standard Chartered Cathy Mastercard now via MoneySmart to get Denon PerL AH-C10PL True Wireless In-Ear Headphones (Value: HK$1,580) or POLAROID Go Instant Camera (Value: HK$999) or Jollying Pebble 20" Foldable Suitcase (Value: HK$899) or HK$800 Deliveroo Voucher + 12-month Deliveroo Plus Silver Membership Package (Value: HK$1,526) or HK$900 Apple Store Gift Card or HK$900 PARKnSHOP supermarket vouchers or HK$900 HKTVmall e-Vouchers.

Valid until 31 Jan 2025 - See more details below
Apply Now
Mox Credit Card (Cashback)
MoneySmart Exclusive
Best-in-town Unlimited CashBack
Unlimited CashBack at all supermarkets
3%
Unlimited CashBack
2%
MoneySmart exclusive welcome offer
HKD3,398 and 6,250 miles + 12-Month Deliveroo Membership and Cash Voucher

⭐️ Unlimited Cashback♾New customers can use the promo code "MSNYR" to enjoy rewards of up to HKD3,398 and 6,250 miles by successfully opening an account with the promo code 'MSNYR' and spending a minimum of HKD 15,000. 
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⠀⠀【📣 New credit card spending experience — switch between CashBack and miles rewards with one click!】In addition to the “best-in-town” unlimited 2% CashBack^, the new features of the Mox credit card allow you to switch between CashBack and Asia Miles rewards, putting you in control of your spending rewards! Introducing the new Mox Credit's Miles Rewards Scheme '4100'—Enjoy spending at a rate as low as 'HKD4 = 1 mile' on all purchases; with 'no limit' on unlimited miles and flights and benefit from '0%' FX fees (compared to the bank charge of 1.95%) Apply now to enjoy additiona 12 Months of Deliveroo Plus Silver Membership and a Cash Voucher for Free (Valued at $726) Regardless of Approval! 
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⠀⠀Use the promo code "MSNYR" to open an account and earn the MoneySmart exclusive offer of BERMAS Spaceship Suitcase 2nd Version (30inch) (Value: HKD3,398) / JBL Smart Speaker Link 300 (Value: HKD1,999) / LG TONE Free T90S Earbuds (Value: HKD1,499) / HKD1,200 Apple Store GIft Card /ParkNShop vouchers/ HKTVmall vouchers!

Valid until 31 Jan 2025 - See more details below
Apply Now
Citi PremierMiles Card
MoneySmart Exclusive
Free travel insurance and airport lounges access
Minimum Income Requirements
HK$120,000
Rewards on local spend
HK$8 = 1 mile
Annual Fee Waiver
First-Year

【🎆 Year-End Exclusive: Up to HK$3,399 Rewards - only until the New Year!】
From now until 9 January 2025, New Customers who successfully applied for a designated Citi credit card via MoneySmart with an eligible spending of HK$4,000 after card issuance, can enjoy one of the exclusive rewards:
・[⚡️Limited-time Upgrade Offer!] HK$1,800 Apple Store Gift Card / PARKnSHOP Supermarket Voucher or
・🆕 BERMAS 26" Front-open Suitcase (Value: HK$3,999) or
・Bowers & Wilkins Pi7 S2 In-ear True Wireless earbuds (Value: HK$3,380) or
・De'Longhi ECOV311 Icona Vintage Series Pump-driven Espresso Coffee Machine (Value: HK$3,288) or
・YA-MAN HRF-10T RF Beauté Photo PLUS (Value: HK$3,180)!

Valid until 09 Jan 2025 - See more details below
Apply Now
Citi Cash Back Card
MoneySmart Exclusive
2% foreign currency rebate
Annual Fee
First Year Annual Fee Waiver
Rebate on Overseas Spending & Local Dining
Unlimited 2%
Rebate on Local Spending
Unlimited 1%

【🎆 Year-End Exclusive: Up to HK$3,399 Rewards - only until the New Year!】
From now until 9 January 2025, New Customers who successfully applied for a designated Citi credit card via MoneySmart with an eligible spending of HK$4,000 after card issuance, can enjoy one of the exclusive rewards:
・[⚡️Limited-time Upgrade Offer!] HK$1,800 Apple Store Gift Card / PARKnSHOP Supermarket Voucher or
・🆕 BERMAS 26" Front-open Suitcase (Value: HK$3,999) or
・Bowers & Wilkins Pi7 S2 In-ear True Wireless earbuds (Value: HK$3,380) or
・De'Longhi ECOV311 Icona Vintage Series Pump-driven Espresso Coffee Machine (Value: HK$3,288) or
・YA-MAN HRF-10T RF Beauté Photo PLUS (Value: HK$3,180)!

Valid until 09 Jan 2025 - See more details below
Apply Now
American Express Explorer® Credit Card
MoneySmart Exclusive
No expiry date for Membership Rewards points
Min. Annual Salary
HK$300,000
Complimentary Plaza Premium Lounge Access
8 times per Calendar Year
Annual Fee Waiver
First-Year
🚀  Mega Miles Welcome Offer: 72,000 Miles with Enhanced Spending!】
From now on until 31 January 2025, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 144,000 American Express Membership Rewards points (eqv. to 8,000 miles) upon the qualified spending of HK$7,000 within the first 3 months.
🌟Spend HK$7,000, Earn 8,000 miles - just HK$0,875/ mile!

Ready to Fly Further for Less? Supercharged earning rates:
During the welcome period, earn HK$3=1 mile on eligible local transactions, up to 1,152,000 Points, enough to redeem for 64,000 miles! Plus, enroll to earn as low as HK$1.68 = 1 mile of overseas, airline or selected travel merchants spend!
Valid until 31 Jan 2025 - See more details below
Apply Now
sim World Mastercard®️
Up to 8% cashback on online retail transactions*
Cashback on Online Retail Transactions
Up to 8%
Fee Waiver
First Year Free
Minimum Income Requirements
150000
Apply NowApply directly on MoneySmart
DBS COMPASS VISA
MoneySmart Exclusive
Up to 10% rebate on local supermarkets
Min. Annual Salary
HK$100,000
Cash back on designated local spend
1%
Miles Conversion (local spend)
HK$10 = 1 Mile

From now until 31 January 2025, customers who successfully apply for DBS Compass Visa via MoneySmart, can enjoy an extra 2,000 SmartPoints and free to redeem HK$200 vouchers (over 20+ brand vouchers including Apple / PARKnSHOP/ HKTVmall etc). Click here to explore limitless possibilities (T&C applied)!

Valid until 31 Jan 2025 - See more details below
Apply Now
EarnMORE UnionPay Diamond Card
MoneySmart Exclusive
Earn 2% cashback from everyday spending
N/A
N/A
N/A

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 31 January 2025, new customers who successfully applied for EarnMORE UnionPay Diamond Card via MoneySmart, can enjoy 2,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$200 in the Rewards Store(over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)
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[PrimeCredit x MoneySmart] From now until March 31 2025, new customers of PrimeCredit Credit Card who successfully apply for EarnMORE UnionPay Diamond Card through MoneySmart can earn extra HK$100 cash rebate + Welcome offer: HK$670 cash rebate (included the extra up to 2% cash rebate) Or GoPro HERO 4K action camera (CHDHF-131) (Suggested price: HK$1,600) Or Bosch Readyy'y Series 2 2-in-1 Vacuum Cleaner (BCHF216GB) (Suggested price: HK$2,198) Or Up to HK$90K Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$400 Klook e-Gift Card (**Extra reward will be fulfilled by PrimeCredit)

Valid until 31 Jan 2025 - See more details below
Apply Now
HSBC Red Credit Card
MoneySmart Exclusive
Min. Annual Salary
HK$120,000
RewardCash Rebate
Up to 4%
Cash back on Supermarket purchases
2%

【MoneySmart Exclusive Offer】
By January 31, 2025, apply for the HSBC Red Credit Card through MoneySmart successfully and submit the rewards redemption form, you can earn HK$300 Apple Store Gift Card / HK$300 PARKnSHOP supermarket voucher.

Valid until 31 Jan 2025 - See more details below
Apply Now
Standard Chartered Cathay Mastercard - Priority Private
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, hotels and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
100,000 miles

【 ✈️ Travel with CX Card & Jollying Pebble Suitcase! 🧳】
From now until 31 January 2025, new cardholders who successfully apply for Standard Chartered Cathy Mastercard now via MoneySmart to get Denon PerL AH-C10PL True Wireless In-Ear Headphones (Value: HK$1,580) or POLAROID Go Instant Camera (Value: HK$999) or Jollying Pebble 20" Foldable Suitcase (Value: HK$899) or HK$800 Deliveroo Voucher + 12-month Deliveroo Plus Silver Membership Package (Value: HK$1,526) or HK$900 Apple Store Gift Card or HK$900 PARKnSHOP supermarket vouchers or HK$900 HKTVmall e-Vouchers.

Valid until 31 Jan 2025 - See more details below
Apply Now
Standard Chartered Cathay Mastercard - Priority Banking
MoneySmart Exclusive
Miles Conversion(Eligible spending on Cathay and HK Express)
HK$2=1 mile
Miles Conversion (Eligible spending on dining, hotels and overseas category)
HK$4 = 1 mile
Bank Welcome Offer
80,000 miles

【 ✈️ Travel with CX Card & Jollying Pebble Suitcase! 🧳】
From now until 31 January 2025, new cardholders who successfully apply for Standard Chartered Cathy Mastercard now via MoneySmart to get Denon PerL AH-C10PL True Wireless In-Ear Headphones (Value: HK$1,580) or POLAROID Go Instant Camera (Value: HK$999) or Jollying Pebble 20" Foldable Suitcase (Value: HK$899) or HK$800 Deliveroo Voucher + 12-month Deliveroo Plus Silver Membership Package (Value: HK$1,526) or HK$900 Apple Store Gift Card or HK$900 PARKnSHOP supermarket vouchers or HK$900 HKTVmall e-Vouchers.

Valid until 31 Jan 2025 - See more details below
Apply Now
Citi Rewards MasterCard
MoneySmart Exclusive
3% Points on Shopping and Entertainment
Minimum Income Requirements
HK$120,000
Wallet transactions(Apple Pay、 Google Pay and Samsung Pay)
1%
Annual Fee Waiver
First-Year

【🎆 Year-End Exclusive: Up to HK$3,399 Rewards - only until the New Year!】
From now until 9 January 2025, New Customers who successfully applied for a designated Citi credit card via MoneySmart with an eligible spending of HK$4,000 after card issuance, can enjoy one of the exclusive rewards:
・[⚡️Limited-time Upgrade Offer!] HK$1,800 Apple Store Gift Card / PARKnSHOP Supermarket Voucher or
・🆕 BERMAS 26" Front-open Suitcase (Value: HK$3,999) or
・Bowers & Wilkins Pi7 S2 In-ear True Wireless earbuds (Value: HK$3,380) or
・De'Longhi ECOV311 Icona Vintage Series Pump-driven Espresso Coffee Machine (Value: HK$3,288) or
・YA-MAN HRF-10T RF Beauté Photo PLUS (Value: HK$3,180)!

Valid until 09 Jan 2025 - See more details below
Apply NowApply directly on MoneySmart
sim Credit Card
Up to 8% cashback on online retail transactions*
Cashback on Online Retail Transactions
Up to 8%
Fee Waiver
First Year Free
Minimum Income Requirements
N/A
Apply NowApply directly on MoneySmart
EarnMORE UnionPay Diamond Card (applicable to designated Full-time University /Tertiary Students)
MoneySmart Exclusive
3 Complimentary airport lounges access per year
Min. Annual Salary
HK$0
Local, Overseas and Online Spending via selected mobile payments
Up to 6%
Annual Fee Waiver
First 5 Years

【MoneySmart Exclusive Offer】Want to get extra $200 vouchers from MoneySmart?  From now until 31 January 2025, new customers who successfully applied for EarnMORE UnionPay Diamond Card via MoneySmart, can enjoy 2,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$200 in the Rewards Store(over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc)!. Click here for more details. T&C applied. (fulfilled by MoneySmart)
⠀⠀
[PrimeCredit x MoneySmart] From now until March 31 2025, new customers of PrimeCredit Credit Card who successfully apply for EarnMORE UnionPay Diamond Card through MoneySmart can earn extra HK$100 cash rebate + Welcome offer: HK$670 cash rebate (included the extra up to 2% cash rebate) Or GoPro HERO 4K action camera (CHDHF-131) (Suggested price: HK$1,600) Or Bosch Readyy'y Series 2 2-in-1 Vacuum Cleaner (BCHF216GB) (Suggested price: HK$2,198) Or Up to HK$90K Interest-free and Handling Fee-free Cash Instalment Program or Tertiary Student: HK$400 Klook e-Gift Card (**Extra reward will be fulfilled by PrimeCredit)

Valid until 31 Jan 2025 - See more details below
Apply Now

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Selected Credit Cards with Perpetual Annual Fee Waivers

Credit Card Annual Minimum Salary Requirement Feature
Hang Seng MPOWER CardHK$150,0005% cash dollars rebate on mobile payment, online shopping, and overseas transactions
HSBC Red Credit CardHK$120,0004% cashback on online purchases
BOC Dual Currency Diamond CardHK$200,0004% cashback on the mobile payment transaction

Credit Cards with Annual Fee Waivers for New Customers

Credit Card Annual Fee Waivers for New CustomersAnnual Fee for Subsequent Years
Citi Cash Back CardFirst Year HK$1,800
Citi PremierMiles CardFirst Year HK$1,800
Citi Rewards MasterCardFirst Year HK$1,800
DBS Eminent Visa Platinum CardFirst Year HK$1,800
DBS COMPASS VISAFirst Year HK$1,800
DBS Black World MastercardFirst Year HK$2,000
Blue Cash℠ Credit Card from American ExpressFirst Year (Enjoy annual fee waiver for subsequent years for spending HK$25,000 or above annually)HK$980
American Express Cathay Pacific Elite Credit CardFirst Year HK$1,800
Standard Chartered Asia Miles MastercardFirst Year HK$2,000
Standard Chartered Simply Cash Visa CardFirst Year HK$2,000
EarnMORE UnionPay CardFirst Two Years/ First Five Years (Student Card)HK$800
WeWa UnionPay CardFirst Two Years/ First Five Years (Student Card)HK$800

What is an annual fee?

The annual fee is a cost that your credit card provider charges yearly to keep the card active and allows you to enjoy the card benefits. In most cases, credit cards with a higher annual fee provide more benefits.

Other Ways to Waive the Annual Fee

Meet the minimum spend requirement

Some credit cards will only waive annual fees if a minimum spending requirement is met. If it is not specified, cardholders can usually get it waived as long as there has been a transaction.

Call customer hotline

Cardholders can call credit card issuers at the 11th month after card issuance to request an annual fee waiver. You can also call after you have been charged. This can usually be done over the automated service over the phone 24 hours a day.

Become designated customers

Some banks offer an annual fee waiver for designated members. For example, American Express Cathay Pacific Elite Credit Card offers an annual fee waiver for Marco Polo Club members.

Redeem points for an annual fee waiver

Cardholders can also redeem points earned for the annual fee waiver. But before you do this, it is better to call the customer service hotline to check if you can get it waived first.

Credit Cards with Annual Fee that Cannot Be Waived

Some premium credit cards which include Citi Prestige Credit Card and The Platinum Card do not accept annual fee waiver requests. These types of credit cards are characterized by exclusive offers. Citi Prestige charges HK$3,800 annual fee. Cardholders can enjoy complimentary global airport lounge access and complimentary 4th night at any hotel. The nonwaivable annual fee of the Platinum Card is HK$7,800. Cardholders can enjoy 1,200+ lounges access all over the world and exclusive access to the Centurion Lounges and complimentary travel insurance, etc.

FAQ

What is the HSBC customer service hotline for credit card annual fee waiver?

You can call HSBC Credit Card Customer Service Hotline at +852 2233 3000 to try getting your credit card annual fee waived.

How to waive DBS credit card annual fee?

You can call DBS Credit Card Customer Service Hotline at +852 2290 8345 to request an annual fee waiver.

What should applicants be aware of when applying for credit cards with perpetual annual fee waivers?

Applicant should check if the annual fee waivers apply to all applicants and whether it is applicable to both principal and supplementary cardholders. For example, Standard Chartered Simply Cash only offers a perpetual annual fee waiver to holders of priority banking/premium banking/bonus payroll. Moreover, it is only exclusive for principal cardholders. In other words, if you would like to apply for a supplementary card, you will need to pay for the annual fee for the extra card.

Do I have to pay an annual fee even if I don’t use the credit card anymore?

Yes, the annual fee will be charged regardless of the credit card activity, but you may ask the credit card issuer to see if you can apply for a credit card annual fee waiver, or you may also consider cancelling your credit card if you no longer use its benefits.

What is the definition of a new customer when applying credit cards?

Most of the credit cards only offer an annual fee waiver to new customers, but different banks have their own definition for a new customer. Take Citibank as an example, customers who currently do not hold, have not cancelled or have not held any principal card of Citi Credit Card within the past 12 months will be considered as a new customer, but for Standard Chartered, applicants who do not currently hold and have not cancelled any principal card of Standard Chartered credit card in the past 6 months will be eligible to get the new customer offer.