travel credit cards hk

Best Travel and Overseas Spending Credit Cards in HK | MoneySmart

Find a Overseas Spending Credit Card for your vacation to enjoy air miles, cash rebate and all sorts of travel benefits, including free airport lounge access, travel insurance and overseas spending offers.

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Standard Chartered Smart Card

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【Free PHILIPS RO Water Dispenser !】From now until 15 April 2024, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get PHILIPS RO Water Dispenser ADD6910/90(value: HK$2,788)   or   $1,200 ParkNshop vouchers or $1,200 Apple store gift card !

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Standard Chartered Cathay Mastercard

【Free BRUNO Oval Hot Plate!】From now until 30 April 2024, new Cardholders who successfully apply for for Standard Chartered Cathy Mastercard now via MoneySmart to get BRUNO BOE053-BGY Oval hot plate (Value: $1,598)   or $900 ParkNshop vouchers / $900 Apple store gift card / AirSim sim card with $900 value!

DBS Black World Mastercard

【 Quick! Apply Today for Exclusive HomePod mini! 】 From now until 30 April 2024, customers who  successfully apply for DBS Blackworld Mastercard via  MoneySmart, can enjoy a HomePod mini (retail price: HK$749) or HK$500 Apple Store Gift Card/ Klook Voucher/ PARKnSHOP Supermarket Voucher!  You can also earn the bank welcome offer of up to 42,000 miles at the same time!

American Express Explorer® Credit Card

WeWa UnionPay Diamond Card

【MoneySmart Exclusive Offer】Want to get extra $300 vouchers from MoneySmart?  From now until 14 April 2024, new customers who successfully applied for WeWa UnionPay Diamond Card via MoneySmart, can enjoy 3,000 SmartPoints without further spending! Use your SmartPoints to redeem vouchers of your choice worth HK$300 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 June 30 2024, s uccessfully applied WeWa UnionPay Diamond Card through MoneySmart and earn extra HK$200 cash rebate + Welcome offer: Delsey S-Series 30 inch Front Loader Expandable Suitcase or Panasonic nanoe® Hair Dryer (EH-NA9K) 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)

AEON CARD WAKUWAKU

【Limited Time Offer】From now until 30 April 2024, apply for the AEON CARD WAKUWAKU through MoneySmart, you can exclusively enjoy extra 3,000 SmartPoints and free to redeem HK$300 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc). Alternatively, you can convert them into HK$200 cash and cash out directly! Click  here  to explore limitless possibilities (T&C applied)!

New AEON Customers successfully applied AEON CARD WAKUWAKU through “AEON HK” Mobile App and input the welcome offer code “MSWAKU”   to enjoy an extra HK$200 cash rebate (Offer by AEON) and  up to 16% cash rebate + HK$400 cash rebate ! Enjoy a  6% cash rebate on online spending ! Earn  3% cash rebate on purchases in Japan  and  enjoy waived transaction fees on foreign currency  transactions (except charges imposed by Cards Associations)!

Standard Chartered Cathay Mastercard - Priority Banking

Fubon Visa Platinum Card

sim Credit Card

【🔓UNLOCK EPIC REWARDS: Earn a HomePod Mini or HK$500 Cash Coupon - Take your pick!】 From now until 30 April 2024, customers apply for a designated sim credit card through MoneySmart ( sim Credit Card/ sim World Mastercard®️)  successfully to get a HomePod mini (Retail Price: HK$749) or HK$500 Apple Store Gift Card/ PARKnSHOP Voucher/ HKTVmall E-vouchers!  Including the sim welcome offer of HK$500, you can enjoy up to HK$1,249 rewards in total!

💡Quick Reminder: Speed up your approval process - After completing your online application, please screenshot your reference ID  (which should be 88-XXXXXXXXX-X-03XX-thesim) , and conduct digital ID verification on the sim Credit Card App.   Complete the verification within 3 hours after application, and sim will offer an additional HK$50 cash rebate!

Standard Chartered Cathay Mastercard - Priority Private

CNCBI GBA Dual Currency Credit Card

Citi Prestige Card

DBS LIVE FRESH

From now until 30 April 2024, apply for designated cards through MoneySmart（ DBS Eminent Card/  DBS Live Fresh/ DBS Compass Visa）successfully to get HK$200 Apple Store Gift Card  or HK$200 Klook Voucher or HK$200 ParknShop Voucher!  

Citi The Club

Wewa unionpay diamond card (applicable to designated full-time university /tertiary students).

AEON UnionPay Credit Card

Citi PremierMiles Card

The Platinum Card

American Express Gold Business Card

CNCBI Motion Credit Card

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Travel / Overseas Spending Credit Cards in Hong Kong 2023

Foreign transaction fee.

Credit cardholders will be charged foreign transaction fees for transactions made in foreign countries during your travel and through online shopping. The charge ranges from 1-2%, depending on the card issuer. JCB charges 1-1.95%, American Express charges 2% while Visa/ Mastercard issued by local banks charge 1.95% for each foreign transaction.

While most of the Union Pay credit cards (excluding Hang Seng and HSBC) exempt cardholders from overseas charges, the exchange rate is usually higher than Visa/ Mastercard. Moreover, the rewards of Visa/Mastercard are often more attractive. Therefore, when deciding which credit card to use during your travel, it is not wise to only consider the transaction fee. It is best to consider all factors including transaction fee, exchange rate, card rebate, etc. to be smart with money.

Credit Card Overseas Charges- DCC Markup Fee

Credit card overseas charges do not only apply to foreign transactions made in foreign countries while travelling, and it also applies to transactions made online from your home country where the vendor is in an oversea country. Very often, merchants will provide you with the option to either pay in local currency or Hong Kong currency. If you decide to pay in Hong Kong currency, you will be charged at least a 4% DCC markup fee (Dynamic Currency Conversion (DCC) Service Charges). To avoid that, you should always pay in local currencies wherever possible.

Credit Card Travel Promotions

Hang Seng Credit Card

From now until 31 December 2022, spend HK$5,000 or above with the registered Hang Seng Credit Card including Hang Seng Visa Infinite Card / Hang Seng Prestige World to enjoy up to 6% Cash Dollars rebate.

BOC Credit Card

With BOC Travel Rewards Visa Signature Card, you can enjoy up to 8% rebate for overseas spending throughout the year, and a maximum of HK$500 cash rebate per month.

Things you need to know about credit cards for foreign transactions

Location limits, unionpay may not be the best option.

Travel/ Overseas Spending Credit Cards Frequently Asked Questions

Are there any charges using unionpay credit cards overseas, what currency should i use in foreign transactions, do cardholders get the exchange rate on the day of spending, what do cardholders need to pay attention to on overseas spending.

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• HSBC Online Banking
• Register for Personal Internet Banking
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• HSBC EveryMile Credit Card

Limited-time offer – get up to $1,300 RewardCash (or 26,000 miles) when you apply for an HSBC EveryMile Credit Card. T&Cs apply.

Earn miles faster and spend them the way you want.

Earn unlimited miles at a rate as low as HKD2 = 1 mile, and enjoy a wide range of complimentary travel perks.

• A total of up to $1,300 RewardCash (or 26,000 miles) when you apply on or before 30 April 2024 [@cards-welcomeoffer],[@cards-mtr-visa-2024-offer],[@cards-cash-instalment-200rc-offer]
• Earn miles at a rate as low as HKD0.4 = 1 mile[@cards-milescalculation]
• Extra $200 RewardCash for new credit card customers who successfully apply for a Cash Instalment Plan[@cards-cash-instalment-200rc-offer]
• Enjoy an "Interest-free Payment Holiday" for the first two months[@cards-em-payment-holiday-offer]
• First year annual fee waiver[@cards-annualfeewaiver]

Limited-time offer of up to $1,300 RewardCash

New credit card customers may enjoy a limited time welcome offer of up to $1,300 RewardCash upon successful application of an HSBC Visa Credit Card by 30 April 2024 and using the card to take an MTR ride.[@cards-welcomeoffer],[@cards-mtr-visa-2024-offer],[@cards-cash-instalment-200rc-offer]

Earn and enjoy rewards, no matter where you are

Make your spending go the extra mile

Shop and spend towards your next trip

Flexible RewardCash conversion[@cards-everymilerewardplus]

Enjoy these exclusive benefits, travel benefits.

• Enjoy up to 15% off when you book a hotel anywhere in the world through Agoda[@cards-agodatandc]. Learn more about the offer on Agoda's website .
• Enjoy HKD300 in spending rebate when you spend HKD5,000 or more in a single transaction on the Cathay Pacific app via Apple Pay[@cards-cathayspendrebate] . T&Cs apply .
• Treat yourself with up to 6 complimentary visits to the Plaza Premium Airport Lounge or free meals at selected airport dining outlets in Hong Kong and overseas per promotion period[@cards-everymiletandc], [@cards-loungelocations]. T&Cs apply . See full list of lounges and dining outlets (PDF)

Insurance and concierge benefits

Protect yourself and accompanying family members with our complimentary multi-trip travel insurance[@cards-everymiletandc],[@cards-axaunderwriting], which also covers your mobile phone and any trip cancellations.

For queries, please call AXA's dedicated customer service hotline at (852) 2894 4680 . Read the policy factsheet (PDF) to learn more.

• Get the support you need no matter where you are, with a dedicated 24/7 Visa concierge hotline[@cards-visaconcierge].

Additional benefits you can enjoy

• Activate your virtual card once your application has been approved Once your application has been approved, you can activate your virtual card and add it to your mobile wallets. Start shopping online and making mobile payments with your card right away for a faster, hassle-free experience!

Things you should know

Eligibility.

An annual income of HKD240,000 or above

Important information 

• HSBC EveryMile Credit Card welcome pack (PDF) HSBC EveryMile Credit Card welcome pack (PDF) Download
• Welcome offers terms and conditions (PDF) Welcome offers terms and conditions (PDF) Download
• Terms and conditions for the credit card interest-free merchant instalment plan applicable to personal credit card cardholders (PDF) Terms and conditions for the credit card interest-free merchant instalment plan applicable to personal credit card cardholders (PDF) Download
• HSBC Credit Card Terms (PDF) HSBC Credit Card Terms (PDF) Download
• Key facts statement (PDF) Key facts statement (PDF) Download
•   Credit card fees and charges Credit card fees and charges Modal
•   Bank tariff guide for HSBC Retail Banking and Wealth Management customers Bank tariff guide for HSBC Retail Banking and Wealth Management customers Modal
•   Notes about over-the-limit facility arrangement Notes about over-the-limit facility arrangement Modal
•   Chip card information Chip card information Modal

Apply online now

With hsbc personal internet banking, without hsbc personal internet banking, new to hsbc.

View our Credit Card Key Facts Statement .

Frequently asked questions

Will i still earn rewardcash when i pay my bills online .

Yes, you will earn $1 RewardCash for every HKD250 you pay towards your bills online using any of the following cards:

• HSBC Premier Credit Card
• HSBC Visa Signature Card
• HSBC Red Credit Card
• HSBC Visa Platinum Card
• HSBC Pulse UnionPay Dual Currency Diamond Card

You'll be awarded RewardCash only for the first HKD10,000 in eligible online bill payments made using an eligible credit card in each monthly statement cycle.

Please note that you won't earn any RewardCash for payments to the Inland Revenue Department, or for policy loan repayments to insurance companies made with any credit card.

Can I redeem RewardCash in online banking? 

Yes, you can redeem RewardCash in HSBC Online Banking. But if you hold an HSBC EveryMile Credit Card, please note that you can only make redemptions on the HSBC Reward+ app.

Can I add an additional cardholder to my credit card? 

Yes, you can add an additional cardholder to any HSBC credit card you hold unless it's an HSBC EveryMile Credit Card or an HSBC Visa Gold Card for students.

Which frequent flyer and hotel loyalty programmes can I convert my RewardCash into miles or points for? 

Frequent flyer programmes

• Asia Miles™
• British Airways Executive Club Avios*
• Etihad Guest
• Emirates Skywards
• Finnair Plus
• Flying Blue
• Infinity MileageLands*
• Turkish Airlines Miles&Smiles
• Qantas Frequent Flyer
• Qatar Airways Privilege Club*
• Singapore Airlines KrisFlyer*

Hotel loyalty programmes

• ALL - Accor Live Limitless*
• IHG® Rewards
• Marriott Bonvoy™

Note: This list may be updated from time to time without prior notice. Conversion is instant for all programmes except those marked with an *, which may take up to 2 weeks.

Where can I upload supporting documents for my credit card application? 

If you've already submitted your application for a credit card, you can upload the supporting documents for it via our online form .

• Other frequently asked questions  

Get more from your card

Using your credit card  , red hot offers   red hot offers this link will open in a new window, red hot rewards  , year-round offers   year-round offers this link will open in a new window, remarks .

• To borrow or not to borrow? Borrow only if you can repay! T&Cs apply.

Top 6 Credit Cards in Hong Kong with Great Travel Rewards

Best travel credit cards in hong kong 2017.

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Everyone loves to travel, but the expense that comes with it is something that stays in your mind while travelling, which can ruin the point of travelling. Luckily, credit card companies offer a variety of rewards and perks for travelling! Listed below are the greatest credit cards with the most rewards to offer.

1. Bank of East Asia Visa Signature Card

The ultimate card that spoils you with hotel and dining privileges as well as bonus points for shopping overseas, the Asia Visa signature card provides an enticing deal for the shopaholic!

• Annual fee waiver
• Visa payWave function
• Up to 20% off at luxury hotels
• Up to 35% off on limousine service
• Buy 1 Get 1 on selected restaurants
• Unlimited 6X bonus points in dining outlets in Hong Kong
• Unlimited 4X bonus points for overseas spending
• Free 7-day family travel insurance
• Convert bonus points for travel cash
• Luxury hotel privileges
• 10% off on movie tickets
• Year-round enterrtainment & merchant offers

2. CitiBank PremierMiles Card

Those who are aim for leisure and not for business trips may want to consider the PremierMiles card as its mission is to make travelling easier for you with its benefits and welcome gift offers.

Welcome gift offer of two options:

• American Tourister Bon Air (Retail Price of HK$1,659)
• 216,000 points redeemable for 2 sets of round-trip ticket to Taipei
• HK$4 = 1 Mile for overseas spending
• HK$8 = 1 Mile for local spending
• 1% Rebate local spending
• 2% Rebate Overseas spending
• Free travel insurance
• Complimentary access to Hong Kong International Airport Plaza Premium up to 4 times in a year
• Asia miles on both overseas and local transactions
• Annual fee waiver for minimum of $100,000 annual spending

3. CitiBank Prestige Card

From VIP access to airport lounges worldwide, to premium 24-hour concierge services, and from mile rates to relationship points, you get more rewards the longer you do business with CitiBank.

Welcome offer:

• 180,000 points (15,000 miles) upon payment of annual fee of HK$2,500
• HK$4 = 12 points (1 mile) on overseas spending
• Up to 30% extra Annual relationship points
• HK$6 = 12 points (1 mile) on local spending
• Priority Pass – access to airport lounges
• Complimentary 4 th night at any hotel
• Complimentary travel insurance
• Extended warranty insurance

4. Bank of China Visa Infinite Card

For the luxurious money-makers out there, this card showers you with premium services as well as extra gift points when you spend on overseas transactions.

• 6X Reward gift points (HK$2.5 = 1mile) for dining and overseas spending
• 48% off on airport limousine pick up service
• 24-hour concierge service
• Priority Pass – Access to airport lounges worldwide
• Complimentary travel insurance for up to $1,000,000
• Gift points reward program (HK$1 = 1 point)
• 56-day interest-free payment period

5. Standard Chartered Asia Miles Credit Card

The go-to card for any traveler wanting to rack up those Asia miles, your air miles can also be converted to other rewards!

• 30,000 Asia miles for spending HK$37,500
• HK$4 = 1 Asia Mile for dining, online and overseas transactions
• HK$6 = 1 Asia Mile for local transactions
• Additional HK$2 = 1 Asia mile for dining at select restaurants by Asia Miles
• 10% rebate for tax refund valued at $325 or above

6. Bank of China Commercial Card

The BoC Commercial card works great as a companion for your business if you often travel to different countries and regions.

• Premium airport lounge service
• Gift points you can convert for mileage (Asia Miles, PhoenixMIles, Eastern Miles, Sky Pearl Club)
• Instant Rewards – Redeem HK$1 cash discount for every 250 gift points
• Visa commercial offers
• Visa airport to limousine program

Final Thoughts

Travelling doesn’t have to put a lot of expenses on your back when you have all these great credit cards that offer cashbacks, discounts, and extra air mileage for your spending pleasure. Are there other credit cards that offer travel perks? Let us know your thoughts in the comment section!

© Copyright Cardable 2017. All Rights reserved

As a Mastercard credit cardholder, you will not be held responsible for unauthorized transactions if you have exercised reasonable care in safeguarding your card from loss or theft and you promptly reported any loss or theft of your card to your issuer. If these conditions are not met and you suspect that you have an unauthorized transaction on your Mastercard, contact your bank as other additional protections may apply.

• Product/Services

BOC Travel Rewards Visa Signature Card 

8% year-round cash rebate on overseas transactions.

Enjoy 8% cash rebate on overseas transactions! No registration is required.

Remark: Each overseas retail transaction of HK$500 or above is entitled to 8% cash rebate when the accumulated overseas transaction amount reaches HK$6,000 in any one month, plus three or more local retail transactions conducted in the same month. Each Applicant's Card account (main card and additional card combined in the calculation) is eligible for a maximum of HK$500 cash rebate in each month.

Terms and conditions of "8% Year-Round Cash Rebate on Overseas Retail Transactions"

Additional Benefits for BOC Travel Rewards Visa Signatrure Card Cardholders

• Card Faces to Choose From

BOC Travel Rewards Visa Signature Card offers a choice of either red or blue card face for your selection.

• Visa Personal Concierge Service #

Just simply make a phone call or browse the web page in anywhere of the world, the card offers concierge service to help you with your lifestyle needs. Services provided include: assistance on trip planning, flight and hotel reservations, restaurant reservations, car rental, performance ticket booking, etc.

# For details, please visit www.visa.com.hk. The offer is provided by Visa and subject to related Terms and Conditions.

BOC Credit Card (International) Ltd (the "Company") accepts no liability for the quality of or any other matters relating to the products and services provided by Visa and the merchants. The merchants are solely responsible for all obligations and liabilities relating to the products and services on offer. The Company, Visa and the merchants reserve the right to suspend, change, or terminate the offers or amend the offer terms and conditions at their sole discretion without prior notice. All matters and disputes will be subject to the final decision of the Company, Visa and the merchants.

Other Privileges

• Annual Fee Offer Perpetual annual fee waiver for both main cards and additional cards
• Convenient and Flexible Repayment The 56-day interest-free payment period The availability of different settlement channels all makes it even more convenient and flexible
• "SMS" Alert Service Whenever you use your BOC Card, our alert system will evaluate the transaction. SMS will be sent to your registered mobile phone if deemed appropriate so as to best protect you against any type of card abuse. If you cannot recognize the transaction as your own, please immediately call our 24-hour Customer Services Hotline: (852) 2581 5188.
• Rewards Whenever You Spend You can earn 1 Gift Point upon HK$1/ RMB￥1 spending with your card. You can choose whatever you love from a variety of rewards. Please click here for more details.

For details, please call our 24-hour Customer Services Hotline (852) 2581 5188 

Reminder: To borrow or not to borrow? Borrow only if you can repay!

• The above products, services and offers are subject to the relevant terms.
• The Company reserves the right to amend, suspend or terminate the above products, services and offers, and to amend the relevant terms at any time at its sole discretion.
• In case of any dispute, the decision of the Company shall be final.
• Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail.
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5 Best Credit Cards in Hong Kong [2024]

4 minute read

5 Best Credit Cards in Hong Kong

In Hong Kong (and elsewhere), a credit card means more than a tap-to-pay; it is a powerful tool to maximise savings and earn rewards.

No wonder that credit card is one of the primary payment methods for Hong Kong residents' everyday spending and dominates more than half of the in-store payment market in Hong Kong. 

But not all credit cards are created equal. Some offer better benefits than others, depending on how you use them and what you spend on. That's why it's essential to compare.

Be at ease. We've done all the research for you! Here are the five best credit cards in Hong Kong for 2023 and what to consider before choosing one.

Credit cards are widely accepted as a payment method throughout Hong Kong, providing a convenient and reliable payment option. Nowadays, all my cards are on my Apple Pay, making payment super easy.

Key Things to Consider When Choosing Credit Cards

Before we see the list, we need to know what to look for. Here are important factors to consider.

Spending Preferences

What and where you spend will determine the best credit card fit. Say you fly a lot, get a card with air miles, hotel spending discounts, and longue access. If you're a committed online shopper, get a card with a generous cashback. 

Rewards Programs

A close look at the reward program will show how well the offer facilitates your lifestyle.

Common credit card reward programs include:

• Air Travel Miles: A reward program where you earn points or miles for each travel-related eligible purchase. You can redeem these points for discounted flights, hotel stays, airport lounge access, baggage fee waivers, and other travel perks.
• Cashback:  Cashback is a program that gives a percentage of your spending back through statement credits, direct deposits, redeemable points, and more. Some cards offer a flat rate on all purchases, while others provide higher rates for specific categories.
• Discounts/ Gift cards: Earn points for eligible spending and redeem them for discounts and gift cards at retail, restaurant, and entertainment sites. Some cards may provide bonus points and exclusive deals at participating merchants.

Annual Fees

Annual fees are fees paid each year to keep the credit card active. They vary depending on the card's tier and benefits. 

Consider comparing whether a card's benefits are worth the fee by taking your preferences into account. 

For instance, a card with a high annual fee might not be the best choice if you're primarily interested only in cashback, as it often comes in a small percentage.

On the other hand, if you use a lot of travel perks, such as airport lounge access and travel insurance, a card with a reasonable or even higher fee could still be a good deal.

Moreover, when handling annual fees, the key is to leverage the card's benefits to ensure that the value you gain exceeds the fee. 

Some cards offer a waived annual fee for the first year or even for life. If you've been a loyal customer, consider contacting your bank to request a waiver of annual fees. 

💡Tip: A survey indicates that 70% of credit card annual fee waiver requests are successful.

Interest Rate

The interest rate is the interest you must pay if you don't clear your complete statement by the due date. 

The rate is usually expressed as the total yearly cost of borrowing, called an annual percentage rate or APR . The lower the APR, the better, which means less interest over time. 

The due date is typically within 50 to 60 days.

Evaluating the interest rate is vital because it directly affects the cost of carrying a balance on the card, and high rates can hinder financial stability. We recommend prioritising low-interest rates.

📌 Note: It's best to pay full balances on time for a healthy credit profile, but if in debt, it’s worth negotiating with the credit card issuer for a possible reduction.

Ease of Use

Look for broad acceptance, a simple application process, an easy redemption process, a user-friendly app or web interface, a digital wallet, and helpful customer service. 

After all, ease of use means convenient purchases, timely payments, and hassle-free benefits enjoyment.

A factor that influences my decision now is the convenience of the payment process. I own multiple cards from different banks — some banks with a well-designed app and a user-friendly interface and others with a lagging technology. It's a little more frustrating opening the latter because the payment flow isn't as smooth.

Minimum Spending Requirement

The minimum spending requirement is the amount you must spend using your credit card to enjoy certain rewards or to waive specific fees.

Choosing a credit card with a minimum spending requirement higher than your usual expenses may lead to overspending and debt. Conversely, a lower minimum limit the rewards you can get compared to cards with higher spending thresholds. 

To avoid these pitfalls, pick one that suits your budget, and find ways to meet the minimum spending without overspending, such as paying utilities, buying gift cards for future use,  planning ahead for big purchases, or covering large expenses for friends/family and getting reimbursed.

Annual Income

Annual income is the amount earned in a year and is a standard requirement for a credit card application.

Applying without meeting income requirements will lead to rejection. While getting rejected does not directly lower your credit score in the long run, hard inquiries during the application process can stay up to two years and can impact your score for a few months.  

❗ Caution : Providing false information in credit card applications is illegal.

Taking these factors into account should lead you to the best credit card. And to help you navigate the sea of options, here are our top picks and what they offer.

🔎 Note: All information provided below is dated 19 July 2023 and may have been updated since. Please check each credit card provider's website for the latest information.

1. HSBC Red Credit Card

Best feature : Cashback rewards program, no annual fee

The Hong Kong and Shanghai Banking Corporation, commonly known as HSBC, is the largest bank in Hong Kong and the 2nd strongest bank in Asia Pacific , according to The Asian Banker. 

This prominent bank offers a variety of credit cards, with one of the best being the HSBC Red Credit Card.

The HSBC Red Credit card provides various rewards and benefits for shopping, dining, supermarkets, local and overseas spending, instalment plans, virtual cards, digital wallets, and an annual fee waiver.

Let's break down the key benefits, interest rates, and requirements.

HSBC Red Credit Card's Key Benefits

• Up to 4% cash rebate for the first HKD 12,500 spent online, followed by a 1% cash rebate for any additional online spending
• 2% cash rebate for local supermarket
• 1% cash rebate for local and abroad spending
• Up to 500 RewardCash as a welcome offer
• New customers signing up for a Cash Instalment Plan with their credit card can receive up to 200 RewardCash.
• RewardCash is yours to share with family and friends.
• Other time-limited bonus 
• Perpetual annual fee waiver

HSBC Red Credit Card Annualised Percentage Rate

• 35.42% APR for purchases
• 35.94% APR for cash advance
• Interest-free period up to 56 days 

HSBC Red Credit Card Eligibility

• At least 18 years old
• An annual income of HKD 120,000 or above

🔎 Learn more about HSBC credit cards: HSBC Credit Card Key Facts Statement HSBC Credit Card Terms HSBC Credit Card Fee and Charges

2. Chartered Cathay Mastercard®

Best feature : Travel miles reward program

Standard Chartered Bank Hong Kong is a part of the British multinational Standard Chartered PLC. It has an established presence in Hong Kong, having acquired licenses, and has been operating since 2004. 

The Chartered Cathay Mastercard offers a unique travel miles reward program, allowing you to earn miles through their banking services. The card comes in three tiers, each offering more welcome miles, lounge access benefits, and priority check-in as you move up the tiers.

The followings are the top deals, interest rates, and requirements. 

Chartered Cathay Mastercard Key Benefits

• Exclusive offer up to 60,000 - 100,000 welcome miles 
• Earn Miles through banking
• 1 Asia Mile per HKD 2- HKD 6 eligible spending
• 3 Asia Miles per HKD 4 spending at partner restaurants 
• Complimentary lounge access 
• Discounts on partner hotel bookings
• Annual fee waived for the first year, and an HKD 2,000 (or more, depending on your card tier) annual fee for the following years. 

Chartered Cathay Mastercard Annualised Percentage Rate

• 35.70% APR for retail purchases 
• 35.93% APR for cash advance

Chartered Cathay Mastercard Eligibility

• Hong Kong resident
• A minimum annual income of HKD 96,000 or above

🔎 Learn more about Chartered Cathay Mastercard Chartered Cathay Mastercard Key Facts Statement

3. Citi Prestige Card

Best feature : Generous reward program

Citi holds a prominent reputation as a global financial services provider and stands among the most significant foreign financial institutions in Hong Kong.

Their "Citi Prestige Card" credit card offers year-round dining privileges featuring exquisite MICHELIN dining, travel insurance, lounge access, quick cash availability, a "PayLite" pay-in-installment program for big purchases, and promotional services at Hong Kong International Airport.

Moreover, cardholders can take advantage of the convenient Citi Mobile App, serving as a digital banking platform and a points balance monitor.

Here's a breakdown of the major benefits, interest rates, and requirements.

Citi Prestige Card's Key Benefits

• 1 Mile per HKD 4 of eligible overseas spending
• 1 Mile per HKD 6 of eligible local spending
• Thank You Gift up to 20,000 Miles yearly 
• Annual Relationship Points up to 30%
• Enjoy a welcome offer of up to 2 business class round trips to Europe* (3,120,000 points) and HKD 25,500 in cash rebate
• Complimentary fourth-night stay
• Access to over 1,300 airport lounges worldwide
• Over 800 offers on retail, spa, dining, and shopping
• Annual fee of HKD 3,800

Citi Prestige Card Annualised Percentage Rate

• 34.28% APR for retail purchase
• 35.81% APR for cash advance
• Interest-free period up to 58 days

Citi Prestige Card Eligibility

• A minimum annual income of HKD 600,000 or above

🔎 Learn more about Citi Prestige Card Citi Prestige Card Key Facts Statement Citi Prestige Card Welcome Offer Terms and Conditions

4. Hang Seng enJoy Card

Best feature : A shopping reward program

Hang Seng Bank, a renowned Hong Kong-based financial institution, offers the enJoy Card in collaboration with the Yuu Reward Club , a favorite among young Hong Kongers for its attractive rewards program compatible with Hong Kong Maxim's Group, one of the leading Asia food and beverage companies.

Their primary perks, rates, and criteria include 

Hang Seng enJoy Card's Key Benefits

• Up to 120,000 Points as a welcome offer 
• 2x - 4x points and up to 2% cash rebate on eligible local spending, offline and online
• 1 point per HKD 1 on other retail spending
• Exclusive discount at 2,000+ enJoy Card Designated Merchant outlets, such as restaurants, online shops, and IKEA
• All-in-one Yuu reward app, a centralized platform for all earning and redeeming activities. 
• Mobile payments, Apple Pay, Google Pay™, and Samsung Pay.
• Annual fee of HKD 1,500 for principal card and HKD 750 for supplementary card 

Hang Seng enJoy Card Annualized Percentage Rate

• 35.72% APR for retail purchase 
• 35.98% APR for cash advance 
• Interest-free period up to 56 days

Hang Seng enJoy Card Eligibility

• Hong Kong residents
• Minimum annual income of HKD 150,000 or above (Except Full-time University/Tertiary Students).

🔎 Learn more about Hang Seng enJoy Card Hang Seng enJoy Card Term and Condition (Key Fact Statement included inside)

5. American Express Platinum Card

Best feature : A turbo reward program

Lastly, the list concludes with the global card provider, American Express, also known as Amex. This is another card that can help you save a good deal on hotel expenses, high-end stores, and restaurant spending.

American Express Platinum Card is one of its popular products, covering air miles, room nights, movie privileges, a year-round Expedia Hong Kong offer, cash vouchers, dining savings at designated Cafe Deco and Maxim's Chinese Cuisine Group, shopping protection, and more.

Here is a closer look at the primary benefits, interest rates, and qualifications.

American Express Platinum Card's Key Benefits

• Welcome offer up to HKD 2,960
• 1 Air Mile per HKD 5
• Up to 3 points per HKD 1 
• Up to 50% savings at partner restaurants
• 2X points when spent at partner supermarkets, gas stations, and more
• 6 membership reward points for every HKD 1 spent, equivalent to a cashback of up to 2%
• Year-round 8% savings on selected hotel booking at designated Expedia website
• Broadway Circuit Movie Privileges
• 3% savings on Citi Super's restaurants, supermarkets, and lifestyle stores.
• Shopping protection
• Annual Fee of HKD 2,200

American Express Platinum Card Annualised Percentage Rate

• 35.96% APR for retail purchase
• APR for cash advance is not applicable.  

American Express Platinum Card Eligibility

• Hong Kong or Macau resident or citizen
• An annual income of HKD 300,000 or above

🔎 Learn more about American Express Platinum Card American Express Card Term and Condition (Key Fact Statement included inside)

Final Thoughts

To get the most out of your credit card rewards, examine the full terms and conditions, diversify the cards you use for different purposes, keep an eye on bonus caps and limits to maximise your benefits, and redeem them before expiration. 

A good credit score is key at the end of the day, so always pay your bills on time and in full. 

And if you are looking for an alternative payment method in Hong Kong for your business, virtual cards, and Neobank 's payment card can be another great option.

Statrys Prepaid Mastercard® for business offers 

• HKD denominated card
• Payment in any currency (This card is denominated in HKD but can be used to make payments in any currency. However, please note that conversion fees will apply.)
• Physical and virtual card
• Point-of-sale purchases
• Live transaction
• Spending analytic
• Excellent customer support

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What's the best credit card to get?

There is no definite answer, as the best credit card will depend on your lifestyle. However, some general factors that you may want to look for are: • Wide acceptance and compatibility • Low annual fees or fee waivers • High rewards or cashback rates • Low APR

Which credit card is number 1?

There is no conclusive answer to which card is number 1, as the best credit card will depend on your need. For example, HSBC Red Credit Card and Hang Seng enJoy Card are best for shopping rewards. In contrast, Standard Chartered Cathay Mastercard®, American Express Platinum Card, and Citi Prestige Card are best for travel rewards.

What credit card is used in Hong Kong?

Five major credit card issuers in Hong Kong are Visa, Mastercard®, American Express, UnionPay, and JCB. Visa and Mastercard® have the largest market share, followed by American Express, UnionPay, and JCB.

What type of credit card is most widely accepted?

The most widely accepted credit cards are Visa and Mastercard®. They are commonly compatible with various merchants, ATMs, online platforms, and digital wallets in Hong Kong and worldwide.

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Best Credit Cards & Banks with Airport Lounge Access (Hong Kong)

Looking for a little luxury during your travels through Hong Kong? Escape the airport crowds and experience the comfort of airport lounges with the help of credit cards and banks. Enjoy a range of features and benefits as many offers complimentary lounge visits, access to the Priority Pass network, and rewards programs to help enhance your journey.

Discover the different lounge programs available, including Priority Pass, Plaza Premium, Lounge Key, and Cathay Pacific Lounges. We’ll explore the unique amenities and eligibility criteria for each to ensure you find the perfect fit for your travel style and needs. Upgrade your airport experience with the best credit card or bank for you, and enjoy a little extra luxury on your travels through Hong Kong .

1. Citi Prestige Card

Why We Like It The Citi Prestige Card is one of the best travel credit cards in Hong Kong that offers a range of travel benefits and rewards. With this card, you can enjoy unlimited access to over 1,000 Priority Pass airport lounges worldwide. Additionally, you can earn reward points for every HKD 1 spent, which can be redeemed for travel, shopping, and dining. Below we have discussed many other benefits that come with this card, which would definitely help you make the right choice.

• Intro Offer: New customers can earn up to 120,000 reward points as a welcome gift upon card activation.

• Annual Fee: The annual fee for the Citi Prestige Card is HKD 3,800.

• Lounge Access Details: With the Citi Prestige Card, you can enjoy unlimited access to over 1,000 Priority Pass airport lounges worldwide. You can also bring one guest with you free of charge.

Get Citi Prestige Card Now!

2. american express explorer® credit card.

Why We Like It The American Express Explorer Credit Card offers a generous welcome bonus, travel credits, and travel insurance, making it an excellent choice for frequent travelers. It also offers access to the Global Lounge Collection program, providing cardholders with access to over 1,200 airport lounges worldwide.

• Intro Offer: The card offers a welcome bonus of up to 200,000 Membership Rewards points for new cardholders who meet the spending requirements.

• Annual Fee: HKD 2,800 per year

• Lounge Access Details: Cardholders can enjoy unlimited access to the American Express Global Lounge Collection program, which includes over 1,200 airport lounges worldwide, including Centurion Lounges, Plaza Premium Lounges, and Delta Sky Clubs.

Get American Express Explorer® Credit Card Now!

3. the platinum card®.

Why We Like It The Platinum Card is one of the most premium credit cards in Hong Kong, offering a range of exclusive travel benefits and rewards. Cardholders can earn Membership Rewards points on their spending, which can be redeemed for flights, hotel stays, and more. The card also offers comprehensive travel insurance and global concierge services, making it a great choice for frequent travelers.

• Intro Offer: New cardholders can earn up to 50,000 Membership Rewards points when they spend HK$15,000 within the first 3 months of card membership.

• Annual Fee: HK$7,800

• Lounge Access Details: Cardholders can enjoy unlimited access to over 1,000 airport lounges worldwide, including Priority Pass lounges, Centurion Lounges, and Delta Sky Clubs. They can also bring a guest with them for free.

Get The Platinum Card® Now!

4. hsbc everymile credit card.

Why We Like It With the HSBC EveryMile Credit Card, you can earn reward points on every transaction and redeem them for airline tickets, hotel stays, and more. Plus, the card offers complimentary travel insurance, airport lounge access, and discounts on dining, shopping, and entertainment.

• Intro Offer: New cardholders can enjoy welcome offers such as HKD 800 worth of spending rebate and extra 2,000 reward points.

• Annual Fee: The annual fee for the primary card is HKD 1,800.

• Lounge Access Details: The HSBC EveryMile Credit Card offers complimentary access to over 1,000 airport lounges worldwide through the LoungeKey program.

Get HSBC EveryMile Credit Card Now!

5. standard chartered cathay mastercard.

Why We Like It The Standard Chartered Cathay Mastercard is an excellent option for frequent travelers to Hong Kong, offering a range of travel benefits, including airport lounge access, priority check-in, and a wide range of travel insurance options. Cardholders can earn Asia Miles on all eligible spending, with accelerated earn rates for spending on Cathay Pacific flights and dining.

• Intro Offer: New cardholders can earn up to 60,000 Asia Miles by meeting specific spending requirements.

• Annual Fee: HKD 1,800

• Lounge Access Details: Cardholders receive complimentary access to over 1,000 Priority Pass airport lounges worldwide, including 5 visits per year for the primary cardholder and 2 visits per year for supplementary cardholders. Cardholders can also enjoy access to the Plaza Premium Lounge at Hong Kong International Airport.

Get Standard Chartered Cathay Mastercard Now!

Types of lounge programs in hong kong.

Priority Pass Priority Pass is a popular airport lounge access program that provides travelers with access to over 1,300 lounges in more than 600 cities worldwide. It offers access to independent lounges, as well as those run by airlines. Members of Priority Pass can enjoy various benefits such as comfortable seating, complimentary refreshments, and high-speed Wi-Fi. Priority Pass membership is available for purchase to anyone, regardless of their frequent flyer status or credit card membership.

Plaza Premium Plaza Premium is a global airport hospitality service provider that operates over 180 lounges in more than 50 airports worldwide. It offers lounge access to all travelers regardless of their airline or class of travel. Plaza Premium lounges are known for their stylish design, comfortable seating, and a wide range of amenities such as complimentary food and drinks, shower facilities, and business center services. Plaza Premium also offers additional services such as meet and greet, airport transfers, and spa services at selected locations.

LoungeKey LoungeKey is a lounge access program offered by Mastercard that provides cardholders with access to over 1,000 lounges in more than 130 countries. LoungeKey allows travelers to enjoy comfortable seating, complimentary refreshments, and high-speed Wi-Fi at participating lounges worldwide. Cardholders can also use their LoungeKey membership to purchase additional services such as spa treatments, meals, and shower facilities at selected locations. LoungeKey membership is available to Mastercard cardholders who have a valid credit, debit, or prepaid card.

Cathay Pacific Lounges (The Pier/The Wing) Cathay Pacific, the Hong Kong-based airline, operates several lounges in Hong Kong International Airport, including The Pier and The Wing. The lounges offer a wide range of amenities to travelers, including comfortable seating, complimentary food and drinks, high-speed Wi-Fi, and shower facilities. The lounges also provide a quiet and relaxing atmosphere for travelers to unwind before their flight. Access to the Cathay Pacific lounges is available to first and business class passengers, Marco Polo Club members, and oneworld frequent flyers with Emerald and Sapphire status.

Hong Kong Airport Lounge FAQ

Can I access China or Singaporean lounges with a Hong Kong credit card? It depends on the specific lounge program and credit card. Some lounge programs, such as Priority Pass, have lounges in China and Singapore that can be accessed with a Hong Kong credit card. However, it is important to check with the lounge program or credit card issuer to confirm which lounges can be accessed with the card. Additionally, some lounges may have specific entry requirements, such as a certain airline membership or class of service, so it is important to check these requirements before attempting to access the lounge.

Can I access other Asian countries lounges with a Hong Kong credit card? Yes, it is possible to access other Asian countries’ lounges with a Hong Kong credit card that offers lounge access benefits. However, the availability of lounges and access requirements may vary depending on the specific credit card and lounge program. It is recommended to check with the credit card provider or the lounge program for details on participating lounges and access policies.

Which Hong Kong credit card offers free lounge access? (i.e., no annual fee) There are very few credit cards in Hong Kong that offer free airport lounge access without an annual fee. However, some credit cards may offer limited complimentary lounge access or discounted lounge rates. Here are a few credit cards that offer free airport lounge access:

• Citibank Clear Card: Offers 2 complimentary lounge visits per year at Plaza Premium Lounges in Hong Kong International Airport. • Citibank Ultima Card: Offers unlimited access to Priority Pass lounges worldwide. • Standard Chartered Asia Miles Mastercard: Offers 2 complimentary visits per year to Plaza Premium Lounges in Hong Kong International Airport. • American Express Platinum Credit Card: Offers complimentary access to over 1,200 airport lounges worldwide through the Priority Pass program. • HSBC Visa Signature Card: Offers 1 complimentary access per year to designated Plaza Premium Lounges in Hong Kong International Airport.

Note that some credit cards may have certain conditions or restrictions that apply, so it is important to read the terms and conditions carefully before applying for a credit card.

Which Hong Kong banks offer airport lounge access? In Hong Kong, several banks offer airport lounge access as a benefit for their credit cardholders. These banks include:

• Citibank • HSBC • Standard Chartered Bank

It’s important to note that lounge access may vary depending on the specific credit card and the level of access it provides. Some credit cards may only provide access to certain lounges or have limited access, while others may provide unlimited access to a wider range of lounges. It’s best to check with the bank directly or review the credit card’s terms and conditions for more information on lounge access.

Conclusion In conclusion, airport lounge access is a highly sought-after feature for frequent flyers, providing a comfortable and convenient experience before boarding their flights. With the rise of premium credit cards, many banks and credit card issuers have started offering complimentary access to airport lounges, providing a competitive edge to their products.

While most of the credit cards require payment of annual fees, some cards offer lounge access with no annual fees, such as the HSBC Red Credit Card and Bank of China Travel Credit Card. It is important to note that the lounge access policies may vary depending on the credit card issuer and the lounge program. Before applying for a credit card, it is advisable to check the details of the lounge access program, including the eligible lounges, guest access, and any other fees or restrictions.

Overall, credit cards with airport lounge access provide a great value proposition for frequent travelers, offering an enhanced travel experience and added benefits such as travel insurance, rewards points, and other perks. It is worth considering these credit cards if you are a frequent traveler and want to make the most out of your airport experience .

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Top 6 Credit Cards in Hong Kong: A 2024 Guide

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• Citi Prestige Card
• DBS Black World Mastercard
• HSBC Red Credit Card
• Standard Chartered Cathay Mastercard
• Hang Seng enJoy Card
• American Express® Platinum Credit Card

A credit card is an incredibly powerful tool. Not only does it help you pay for high-value purchases and build your credit history, but it also offers a variety of perks, such as reward points and airline miles.

Not all credit cards are created equal. They vary in terms of benefits, and their suitability depends on your spending habits and financial goals. Picking a credit card in Hong Kong is far from a straightforward task.

What to Consider Before Choosing a Credit Card

It is incredibly overwhelming to pick the right credit card, given the countless options available in the market.

Here are some key factors to help you choose the best credit card in HK that suits your financial needs:

Annual Percentage Rate

The APR on your credit card denotes the interest rate chargeable if you don't pay the full outstanding amount at the end of your credit cycle.

Some issuers offer promotional APR at 0% to attract new customers, and no interest is charged during the initial 12-21-month period. Once the promotional period is over, regular APR kicks in.

When choosing a credit card in HK , opt for an APR lower than the average credit card interest rate. Even though the Hong Kong Monetary Authority (HKMA) doesn't impose any interest rate restrictions on the card issuer, they cannot charge disproportionately high-interest rates.

The amount you pay to the card issuer every year to maintain your account is known as the annual fee. 

A credit card with a higher annual fee usually entitles you to more perks and benefits. Similarly, cards with low or no annual fees typically offer fewer perks.

Credit Limit

Your credit limit is the maximum amount of money you can spend using your credit card. The card-issuing bank determines it based on a few factors, such as your monthly income, creditworthiness, employment status, and more.

The initial credit limit depends on your credit score and income. It can change subject to the issuer's discretion. Pay attention to the minimum limits when researching credit cards in Hong Kong, as the final limit is only disclosed once your application is approved. 

Cash Advance Fees

Be aware of any fees associated with taking cash advances using your credit card. These fees can be a flat amount or a percentage of the amount advanced and are typically higher than the APR for purchases. Note that some credit cards charge foreign transaction fees for transactions made in a foreign currency.

Rewards Programs

Consider the credit card's rewards program. This could include a cash rebate, airline miles, points, travel insurance, or other benefits. Make sure to understand which are eligible transactions for earning rewards. Some cards may exclude certain categories or offer bonus points on specific purchases. Choose a program that aligns with your spending habits and goals.

Local and Overseas Spending

Consider how much you spend locally versus overseas. Some cards offer better rewards programs for specific types of spending, so choose a card that aligns with your spending habits.

Top 6 HK Credit Cards to Choose in 2024

Choosing the right credit card can make or break new credit card customers' financial journey. 

Here’s a look at the top 6 credit cards in Hong Kong you can choose from:

1. Citi Prestige Card

Citibank credit cards can be good, but it depends on your spending habits and financial goals. An ultra-premium travel and lifestyle credit card, the Citi Prestige Card from Citibank has an excellent rewards program. For high-income credit card customers, this one is a top choice for all the perks it provides.

• Annual fee - HKD 3,800
• Annual Percentage Rate - 34.28%
• 58 days interest-free period
• Every HKD 6 spent locally earns you 1 airline mile
• Every HKD 4 overseas spending earns you 1 airline mile

To apply, you should:

• Be at least 18 years
• Have a minimum income of HKD 600,000
• “FlexiBill" installment program allows you to convert your bill into smaller payments
• Receive 20,000 Miles every year as a Thank You gift
• Get a free night stay when you book any hotel for a minimum of 4 consecutive nights 
• High annual fees and minimum income requirement  
• No travel insurance or purchase protection

2. DBS Black World Mastercard

DBS's Black World Mastercard is a great choice for those looking for a credit card that offers airline miles without any expiry date. 

• Annual fee - waived for the first year, subsequently HKD 3,600 
• Annual Percentage Rate - 34.58%
• 60 days interest-free period
• Every HKD 4 spent overseas earns you 1 airline mile
• Have a minimum income of HKD 240,000
•  45% off when you redeem the rewards for air tickets and hotel accommodations on iGO Rewards
• Welcome offer of up to 42,000 miles 
• New customers get an extra 2,000 Miles for successful accumulation of Octopus Automatic Add-Value transactions totaling HKD1,000 or more
• High annual fees  
• No travel insurance 

3. HSBC Red Credit Card

If you enjoy shopping online or at local supermarkets, there’s probably no better card than HSBC Red Credit Card -- thanks to the generous rewards offered for every swipe. Issued by HSBC Bank, this one stands out for various reasons:

• Annual fee - Permanently waived
• Annual Percentage Rate - 35.42%
• 56 days interest-free period
• 4% RewardCash on your initial HKD 12,500 online spending and an ongoing 1% RewardCash for subsequent online expenditures every month
• 2% RewardCash for local supermarket spending
• be at least 18 years
• have a minimum income of HKD 120,000
• You can share the RewardCash with family and friends
• Earn an additional HKD 200 RewardCash when you apply for a Cash Instalment Plan
• RewardCash can be redeemed for air miles or offset both monthly spending and individual transactions

Some rewards/offers may be time-limited 

4. Standard Chartered Cathay Mastercard

Formerly known as Asia Miles Mastercard, Standard Chartered credit cards are the only HK credit cards that allow you to earn miles by using banking services. They are also popular for having the lowest air mile conversion rate. 

• Annual fee - HKD 2000, first year fee waived
• Annual Percentage Rate - 35.70%
• Earn 1 Asia Mile on Cathay and HK Express for every HKD 2 spent 
• Earn 1 Asia Mile per HKD 4- HKD 6 eligible spending on dining/food delivery platforms, online and overseas
• Earn 40,000 Asia Miles when you make a new deposit of HKD 100,000
• have a minimum income of HKD 96,000
• Welcome offer of up to 60,000 Miles
• No cap on the Asia Miles earned every month
• Additional discount on hotel bookings through Agoda and Expedia

5. Hang Seng enJoy Card

This credit card is a collaboration between Hang Seng Bank and Yuu Rewards Program. Anyone who uses a credit card for daily expenditures can enjoy extra rewards offered by this card.

• Annual fee - perpetual annual fee waiver if you apply between 1 January and 30 June 2024, otherwise HKD 1500
• Annual Percentage Rate - 35.72%
• Up to 4X yuu Reward Points all year round for swiping  enJoy Card at the enJoy Card Designated Merchants 
• For other retail spending, every HKD 1 spent earns 1 point
• have a minimum income of HKD150,000 (except for full-time university / tertiary students)
• be a resident of Hong Kong
• 120,000 yuu Points for new customers and 80,000 yuu points for existing customers
• A centralized Yuu reward app available for earning and redeeming point 
• Local spending earns 2% cashback

6. American Express® Platinum Credit Card

This American Express credit card is a premium offering that provides a diverse range of privileges. While most of these pertain to travel, you can also earn reward points and redeem them for shopping, gym memberships, and digital entertainment.

To apply, you must:

• be at least 18 years old
• have a minimum annual income of HKD 300,000
• be a resident of Hong Kong or Macau
• Annual fee - HKD 2200
• Annual Percentage Rate - 35.96%
• Spending HKD 1 earns you up to 3 points for the first HKD 120,000 spent. For spending above HKD 120,001, every HKD 1 spent fetches you 1 point
• Points can be redeemed for complimentary flights, airline upgrades, and companion tickets
• Attractive introductory offers include 4 complimentary movie tickets and cash vouchers up to HKD 500  
• Complimentary travel insurance 
• Year-round Buy-1-Get-1-Free offer on Fridays on 3D, 2D, and IMAX
• Steep annual fees 

Bottom Line

The multitude of options available in the market makes it challenging to find the perfect HK credit card for you. It helps to research and compare various credit cards in Hong Kong to identify what works best. 

No matter what your end goal is, don’t settle for the first card that comes your way. Looking to open a company bank account in Hong Kong ? Let Air Corporate help you!

Is Hong Kong credit card friendly?

Most commercial establishments, transport service providers, and businesses in Hong Kong accept credit cards. However, smaller businesses may only accept cards for high-value transactions. 

Are foreign nationals eligible for a HK credit card?

Most banks in Hong Kong issue credit cards to non-residents. Some even offer specific credit cards for expatriates or individuals residing in Hong Kong for a short duration.

Usually, the applicant needs to furnish proof of identity, proof of income, and proof of residence along with their credit card application.

Which credit card is widely accepted in Hong Kong?

Typically, most businesses accept VISA, Mastercard, and American Express. However, acceptance may vary from business to business.

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The 6 best travel money cards for hong kong in 2024.

Hong Kong is a vibrant place to visit with culinary delights, cultural sites and a gateway to the rest of the world, it has a lot to offer visiting Australians.

In Hong Kong you are likely to pay for accommodation, food, transport and entertainment as well as withdraw cash from ATMs with your card. So which is the best card for international travel  to take with you?

It's easy, to save you lots of time, we have compared a large number of travel cards to take to Hong Kong for Australians in 2024 and have summarised their best points.

Best 6 Travel Money Cards for Hong Kong in 2024:

• Wise Travel Card for best exchange rates
• Revolut Card for low fees
• Travelex Money Card - Best all rounder
• HSBC Global Everyday Debit Card for best debit card you can use in Australia too
• Bankwest Breeze Platinum Credit Card for lowest interest rate
• ING One Low Rate Credit Card with no annual fee

Wise Travel Card - Best Exchange Rates

• 40+ currencies available
• Best exchange rates globally
• One of the lowest conversion fee on the market
• No international transaction fees
• No annual or monthly fees
• Extremely low costs to send money overseas

Wise Travel Card

• Cross currency conversion fees are between 0.24–3.69%. AUD to USD, EUR or GBP was 0.42%, which is one of the lowest on the market
• Free cash withdrawals up to $350 every 30 days. However after that, Wise Card charge a fixed fee of $1.50 per transaction + 1.75%
• Daily ATM withdrawal is $2,700
• Issue up to 3 virtual cards for temporary usage
• It takes between 7 to 14 business days to receive your card
• Can be used wherever MasterCard is accepted

The Wise Travel Card is an excellent choice for those traveling to Hong Kong, providing a range of features that cater specifically to the needs of international visitors. This card allows access to over 40 currencies at the intermarket exchange rate, which is recognized as the most economical rate worldwide. For travelers visiting Hong Kong, this means the ability to convert their home currency into Hong Kong Dollars (HKD) at highly competitive rates, ensuring cost-effective currency exchange during their stay in this vibrant city. However if you use ATMs frequently this is not the card to use due to the fees. Finally Wise Travel Card lets you transfer money to an overseas bank account with extremely low fees and the best exchange rate.

Revolut - Low Fees

• 30+ currencies available
• One of the best exchange rates globally
• No annual or monthly fees for standard membership
• No initial card fee
• Instant access to a range of cryptocurrencies

Read our Revolut Card Review

Revolut Travel Card

• No fee ATM withdrawals up to A$350, or 5 ATM withdrawals, whichever comes first, per rolling 30 day period and 2% of withdrawal amount (minimum charge of A$1.50) after that
• Exchanging currency on the weekend can incur a 1% mark-up fee
• Fees on international money transfers were introduced in April 2021.
• Can be used wherever Visa is accepted

The Revolut Travel Card is a decent option for those who travel a lot as it offers over 30 currencies at a great exchange rate, which is the cheapest rate globally. However if you exchange currency on the weekend you can incur a one-percent mark-up fee. In addition they have introduced fees for international transfers. Finally if you use ATMs frequently this is not the card to use due to the fees.

Travelex Money Card - Best All Rounder

Best features.

• Unlimited free ATM withdrawals
• 24/7 Emergency Assistance
• Initial and replacement card are free
• Lock in up to 10 currencies

Read our Travelex Travel Card Review

Travelex Money Card

• Minimum load of $100 and maximum load of $100,000
• Can be used wherever Mastercard is accepted
• Fees include a $10 closure fee, $5 for an additional card and $4 inactivity monthly fee.
• While Travelex don't charge ATM fees, some ATM operators may charge their own fees.
• Currencies that can be loaded are AU$, US$, EU€, GB£, NZ$, TH฿, CA$, HK$, JP¥, SG$
• If your card is lost or stolen you can access cash in your account through Moneygram or Western Union agents, with no charge
• Boingo hotspots offer free wifi and you can look at their number of free hotspots per country on this map

The Travelex Money Card is a good all rounder no matter if you are heading to the bustling streets of Hong Kong or visiting the serene Lantau Island.

You can use it to take money out of the ATM, for merchant purchases like restaurants and even for online shopping in foreign currency. While the exchange rates aren't as good as Wise or Revolut , the support network if the card is lost or stolen is very good. This service can be extremely useful when journeying across the cosmopolitan city of Hong Kong.

HSBC Everyday Global Travel Card

• Great exchange rate offered for Hong Kong dollars (HKD)
• No ATM fees at HSBC tellers
• No initial card, closure, account keeping or monthly fees
• No cross currency conversion fees

• 10 Currencies can be loaded are HKD, AUD, USD, EUR, GBP, CAD, JPY, NZD, SGD and CNY (currency restrictions on CNY)
• No maximum balance for any currency
• Very competitive exchange rates on all currencies when you have currencies already loaded on your card
• ATMs within Australia need to be HSBC and overseas they need to display a VISA or VISA Plus logo, not be be charged fees
• Earn 2% cash back when you tap and pay with payWave, Apple Pay or Google Pay for purchases under $100.
• Daily maximum ATM withdrawal is $2,000
• Fraud protection covered by Visa Zero Liability

The HSBC Everyday Global Travel Card offers a great exchange rate for Hong Kong dollars, ATMs, so you can withdraw cash without the hefty overseas ATM fees.

In addition it does not charge an ‘international transaction fee’ so you can spend in Hong Kong and online in Australia and not pay an additional 3%.

Finally, on top of the excellent currency exchange rate, there is no maximum balance on currencies held and a 2% cash back incentive when you tap and pay under $100.

Bankwest Breeze Platinum Credit Card - Lowest Interest Rate

• Lowest interest rate at 9.90%
• No international transaction fees on purchases
• Up to 55 days interest free on purchases
• Low annual fee
• Complimentary international travel insurance

Bankwest Breeze Platinum Credit Card

• Free annual fee first year, then $69 annual fee
• Free international travel insurance that includes the basics but does not cover cancellation costs, pre existing conditions and travellers over 80
• $6,000 minimum credit card
• 0% p.a. on purchases and balance transfers for the first 15 months, then reverts to 9.90%
• 21.99% interest rate on purchases and cash advances
• Cash advance fee of the higher of $4 or 2% of cash advance

The Bankwest Breeze Platinum is a great no frills credit card that offers ‘no foreign transaction fees’ and the lowest interest rate on the market, at 9.90%. These two factors alone will save you hundreds of dollars when travelling throughout Hong Kong.

In addition it has a low annual fee and complimentary international travel insurance. Finally for its price point it is a great value credit card that will be accepted most places in Hong Kong.

ING One Low Rate Credit Card - No Annual Fee

• No annual fee
• Up to 45 days interest free on purchases
• Lowest cash advance interest rate of 11.99%
• Use instalment plans to pay off your purchases over time at a lower interest rate

ING One Low Rate Credit Card

• 11.99% interest rate on purchases
• Make payments from your mobile with pay with Apple Pay and Google Pay
• International ATM fee and Foreign currency conversion fee are waived when you deposit $1,000 into your Orange Everyday each month, and make 5+ card purchases that are settled. Otherwise they are the higher of 3% or at least $3
• Put repayments on auto payment each month to pay the minimum balance or full amount

The ING One Low Rate credit card is a great option to take to Hong Kong as it charges no annual fee and offers a low interest rate for purchases and cash advances of 11.99%. The cash advance interest rate is very low and about 50% less than most of its competitors who charge around 22% on cash advances.

Furthermore the ING One Low Rate credit card has no international transaction fees, so you can save money on your travels and when you buy goods from overseas. It's a handy backup card to have in your wallet when travelling through Hong Kong.

Learn more about the best credit, debit and prepaid cards for travel

Best Travel Credit Card Australia

Best Prepaid Travel Cards

The best travel card for Hong Kong is the Wise Multi Currency card for tap or swipe large transactions like accommodation and restaurants. Wise offers the best exchange rate for Hong Kong dollars globally and charges no international transaction fees.

HSBC Global and Citibank Plus cards are the best for ATM withdrawals and great exchange rates for Hong Kong dollars. Both these cards charge no international transaction fee and can be used within Australia without penalties.

The best credit cards for Hong Kong are the BankWest Platinum Breeze and ING One Low Rate as they have the lowest interest rates on the market with and charge no international transaction fees.

Yes you should buy Hong Kong dollars before you travel to Hong Kong. Having Hong Kong dollars on hand when you arrive at the airport will make your life a lot easier. The airport is also the most expensive place to exchange currency, so you will save a lot of money as well. Even though Hong Kong is card friendly, having cash on hand will always be handy for small purchases, tipping and paying for transport.

HSBC and Citibank have the best travel money cards for Hong Kong. Both have lots of ATMs within Hong Kong, both offer fantastic exchange rates for the Hong Kong dollar and both offer ‘no international transaction fees’.

You can place money on your travel money card online and paying by direct debit from your bank account will cost you the least. Log in to your bank account, transfer your funds into the travel money card and the money should be there within 24 hours.

Yes, travel money cards are a good idea to take to Hong Kong? They provide better security than cash, as you can access your account without your pin code. They are useful for paying large bills for accommodation or restaurants as travel cards are less bulky.

Yes you can use your Australian debit card in Hong Kong and if they are linked to Mastercard or Visa. Most Australian debit cards will charge an international transaction fee of 3% plus give a very poor exchange rate for Hong Kong dollars adding another 5% to purchase fee and if you use a non affiliated ATM you will be charged an additional $5 for a withdrawal.

Yes you can get prepaid international debit cards for Hong Kong and Wise , HSBC and Citibank offer the most competitive cards in the market. Other older style prepaid cards like Australia Post, Cash Passport, Travel Money Oz and Travelex have lots of charges like load, unload, inactivity, ATM withdrawals and initial card fees.

As a general rule, working out how much money to take to Hong Kong depends on where you go and your type of travel. If you travel on a budget to Hong Kong it can cost from $70 a day. If you travel in the middle range throughout Hong Kong it can cost from $140 per day. Finally if you travel with luxury throughout Hong Kong it can cost anywhere from $300 per day.

No you can not use Australian dollars or American Cash in Hong Kong. The currency in Hong Kong is the Hong Kong dollar. There are 6 bank notes with different colours, they are $10, $20, $50, $100, $500 and $1,000. There are 3 coins, they are 13 different coins 10¢, 20¢ and 50¢.

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Does Hong Kong Accept Credit Cards? Credit Cards and Alternatives in Hong Kong in 2023

Byron Mühlberg

Monito's Managing Editor, Byron has spent several years writing extensively about financial- and migration-related topics.

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Are you planning a trip to Hong Kong and wondering if your credit card will be accepted there? Indeed, whether or not your credit card will be accepted overseas can be a central concern for many travellers about to embark on an international trip. After all, not all countries have the same level of credit card acceptance, so it's very helpful to understand credit card acceptance policies and trends before you travel.

But what about Hong Kong? Can you use your credit card there? The short answer is yes , you can use your credit card in Hong Kong. Credit cards are widely-used across Hong Kong and are a popular means of payment in shops, restaurants, and other commercial establishments.

Revolut is a great alternative to credit cards when travelling to Hong Kong, offering competitive exchange rates, low fees, and real-time spending notifications.

Whether you're planning a trip to Hong Kong or simply curious about credit card acceptance policies in different parts of the world, this article is for you. We'll look at credit card acceptance in Hong Kong and cover the payment methods that are commonly accepted, as well as any fees that you may incur for each.

Key Facts About Credit Cards in Hong Kong

Does hong kong accept credit cards.

• 01. Does Hong Kong accept credit cards? scroll down
• 02. How to use credit cards in Hong Kong scroll down
• 03. Cost to use credit cards in Hong Kong scroll down
• 04. Best alternatives to credit cards in Hong Kong scroll down
• 05. FAQ about credit cards in Hong Kong scroll down

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Yes, pretty much all shops, businesses, hotels, restaurants, and other commercial establishments in Hong Kong will readily accept credit card payments — making it a great way to spend your money in Hong Kong.

Although cash is also common in Hong Kong, credit and debit cards issued by major global providers like VISA and Mastercard are commonly accepted thoughout the country. If your card is issued by American Express, Diner's Club, Discovery, or another card company, there's a good chance they'll also be accepted in Hong Kong, but we recommend checking with your bank or card provider directly to make sure that Hong Kong dollar currency conversion is indeed supported, and that card machines and ATMs in Hong Kong commonly support cards of this type.

How to Use Credit Cards in Hong Kong

Using your credit card in Hong Kong works just like it does in your home country. In general, you'll simply need to do the following to use your card to make a payment:

• Confirm your transaction amount,
• Tap (or insert or swipe) your credit card,
• Enter your PIN if prompted,
• Wait for the payment to be authorised and for the receipt to print.

In general, we recommend keeping your receipt for your records and reconciling your credit card statement. It can sometimes be interesting to see how much you paid in a foreign currency versus the amount that was debited in your home currency. As we'll see in the next section, the percentage difference can sometimes be very high!

Cost of Using Credit Cards in Hong Kong

Every time you pay with your credit card in a foreign currency like the Hong Kong dollar, you'll be charged several fees before the final amount is reflected on your card statement. These fees are charged by the following parties:

• Your credit card company (VISA, Mastercard, etc.),
• Your bank or credit card provider,
• The ATM network (if you're withdrawing cash).

Here are the average ranges of these various fees when making dollar credit card payments in Hong Kong:

Overall, unless your credit card is specially geared towards international spending and doesn't charge foreign currency exchange fees, using credit cards to pay in Hong Kong is normally rather pricey due to the multiple fees and charges racked up along the way. As always, though, we recommend checking with your individual card provider or bank to see for yourself which fees you'll be charged for spending in Hong Kong.

Alternatives to Credit Cards in Hong Kong

A cheaper alternative to using a credit card for travelling to Hong Kong is a prepaid travel debit card.

Just like credit cards, prepaid debit cards (which are also normally issued by VISA or Mastercard) provide an excellent way to pay while visiting Hong Kong, the main difference being that you normally pay lower fees and exchange rates . Depending on where you live, you'll probably have options from your bank or a third-party provider to use a commission-free debit card or a multi-currency card which can help you dodge high Hong Kong dollar conversion costs, including DCCs .

According to our analysis of dozens of providers, the top two options for travelling to Hong Kong, in general, are the following:

Revolut is an excellent option for paying in Hong Kong. Its mobile banking app and debit card give you competitive exchange rates to the Hong Kong dollar and low fees, all while you can easily manage your money through Revolut's user-friendly app.

• Trust & Credibility 8.9
• Service & Quality 7.9
• Fees & Exchange Rates 8.3
• Customer Satisfaction 9.4
• Monthly fee: $0
• Card type: Mastercard debit
• Card payment cost in Hong Kong dollar: 0.5% - 1.5%
• Cash withdrawal fee: 0% - 2%
• Hong Kong dollar balance: Yes
• Hong Kong dollar bank details: No
• More info: See our Revolut review or visit the website .

Wise Account

The Wise Account is another great option for paying in Hong Kong dollar. It gives you the lowest possible currency exchange rates with complete transparency and no hidden fees. It also allows you to hold and manage over 50 currencies in one account and provides fast and secure cross-border money transfers at a fraction of the cost of traditional banks.

• Trust & Credibility 9.3
• Service & Quality 8.9
• Fees & Exchange Rates 7.6
• Customer Satisfaction 9.6
• Card type: VISA debit
• More info: See our Wise Account review or visit the website .

FAQ About Credit Cards in Hong Kong

Yes, pretty much all shops, restaurants, businesses, and commercial establishments in Hong Kong do accept credit cards. However, we recommend checking with the vendor beforehand to ensure that they accept your specific type of credit card.

Credit cards from major card companies like VISA, Mastercard, and American Express are generally always accepted in Hong Kong. However, it's important to remember that acceptance may vary depending on the individual business, so checking in advance is a good idea.

Unless your credit card is designed for international spending, it's likely that you'll incur exchange rate margins and currency conversion fees when using your credit card in Hong Kong. In general, these fees range from 2.5% to 5% per transaction, so it's not negligible! To save money, we recommend using a travel debit card like Revolut to avoid hidden fees altogether.

Both are commonly-accepted forms of payment in Hong Kong, so it depends on your preference and the specific circumstances. Credit cards can be a convenient and safe way to make purchases, but having cash on hand is always a good idea, especially if you plan to visit less touristy areas. Moreover, some businesses prefer that customers pay with cash to avoid the processing fees of card transactions.

You must report your lost or stolen credit card to your bank or credit card provider immediately. They can help you cancel the card and issue a replacement. Additionally, having a backup credit card or cash in emergencies is also a good idea for moments like these.

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HSBC Credit Card, the best credit card in town * , brings you the new HSBC Travel Guru Membership Programme, a tiered membership Programme offering an annual RewardCash rebate of up to 6% on foreign currency spending and a series of travel rewards that will exceed all your expectations. The more you spend, the higher your membership level! All that, plus personalized notifications to help you make the most of every new travel experience.

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Want to become an HSBC Travel Guru member? Log into your HSBC Reward+ app to register, then start enjoying a host of travel offers and rewards!

• Tiered membership program with an extra RewardCash rebate of up to 6% on foreign currency spending

With the tiered membership, the more you spend, the higher your membership level, and the greater your rewards. Once you've registered, you will be welcomed as a GO Traveller. After meeting the requirements for that level, your membership will be upgraded to the next level on the first day of the following month. The table below shows the annual requirements and rewards for membership renewal and upgrade.

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What's more, register "Red Hot Rewards of Your Choice" programme at the same time, and allocate extra 5X RewardCash at 'Overseas & Mainland China Spending' spending category to earn a total of up to 8.4% RewardCash rebate on foreign currency spending. In addition, you can earn a total of up to 8.5% RewardCash rebate with HSBC EveryMile credit card (equivalent to HK$0.6 foreign currency spending = 1 mile), while a total of up to 10% RewardCash rebate with HSBC Red credit card, on foreign currency spending.

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* According to Online Credit Card Survey conducted by Ipsos in Hong Kong (2023) (Sample size = 1,000 credit card holders in Hong Kong)

• The enrollment period to register as Travel Guru Member is from 1 September to 7 April 2024.
• If you wish to unlock the extra 3% RewardCash Rebate under GO Traveller (see below), you need to accumulate Eligible Transactions equivalent to HK$8,000 or more in 3 consecutive calendar months within your current GO Traveller membership period.
• HSBC Red Credit Card and HSBC EveryMile Credit Card are not applicable to"Red Hot Rewards of Your Choice" programme.
• The basic RewardCash rebate is 0.4%. a total of up to 8.4% RewardCash rebate which is inclusive of 5 times extra RewardCash under the "Red Hot Rewards of Your Choice" programme (2%), the basic 1 time RewardCash earned under the RewardCash Programme (0.4%) and up to an extra 6% RewardCash rebate on foreign currency spending under the HSBC Travel Guru Membership Programme.
• A total of up to 8.4% RewardCash rebate which is inclusive of the basic 1 time RewardCash earned under the RewardCash Programme (0.4%), 5 times extra RewardCash under the "Red Hot Rewards of Your Choice" programme (2%) and up to an extra 6% RewardCash rebate on foreign currency spending under the HSBC Travel Guru Membership Programme; A total of up to 8.5% RewardCash rebate for HSBC EveryMile credit card on foreign currency spending which is inclusive of the basic 1 time RewardCash earned under the RewardCash Programme (1%), HSBC EveryMile Credit Card Exclusive Overseas Spending Offer (Jul – Dec) (1.5%) and up to an extra 6% RewardCash rebate on foreign currency spending under the HSBC Travel Guru Membership Programme; A total of up to 10% RewardCash rebate for HSBC Red credit card on foreign currency spending which is inclusive of the 4% RewardCash rebate when you spend online with foreign currency and up to an extra 6% RewardCash rebate on foreign currency spending under the HSBC Travel Guru Membership Programme.
• The transaction date will be based on the date as shown on the credit card monthly statement.
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Best travel credit cards of April 2024

Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.  

Travel credit cards make it possible for you to earn free and discounted travel with your everyday spending. What's more, some of the best travel credit cards also offer valuable perks that elevate your trip experience.

At the same time, each card has its own set of rewards rates, intro bonuses, annual fees and other terms, so take your time picking one that aligns well with your travel and spending habits.

The best travel credit cards of April 2024

• Best premium card: Capital One Venture X Rewards Credit Card

Best flat-rate rewards card: Capital One Venture Rewards Credit Card

• Best mid-range card: Chase Sapphire Preferred ® Card
• Best for lounge access: The Platinum Card® from American Express
• Best for airline loyalists: United Explorer Card
• Best for hotel loyalists: IHG One Rewards Premier Credit Card
• Best $0 annual fee travel card: Bilt Mastercard

Best 0% intro APR card: Capital One VentureOne Rewards Credit Card

• Best for earnings: U.S. Bank Altitude® Connect Visa Signature® Card

Best for fair credit: Credit One Wander

• Best for credit building: Capital One Quicksilver Secured Cash Rewards Credit Card

Best premium card: Capital One Venture X Card

The Venture X packs a lot of travel rewards into a card that costs hundreds of dollars less than its competitors.

Why we like it: The Capital One Venture X Rewards Credit Card offers rich rewards and travel perks, and unlike many other premium travel credit cards, the Venture X doesn't make you jump through many hoops to earn back the cost of its steep annual fee. In addition to a Capital One Travel credit and bonus miles each year, you'll also get complimentary access to a number of airport lounge networks with more than 1,300 locations around the world. 

The card also offers ultimate flexibility when it comes to redeeming your rewards for travel. You can book with miles through Capital One Travel, or if you want more options, you can use your card to pay for travel-related expenses and request a statement credit. If you're feeling ambitious, you can even transfer your rewards to various frequent flyer and hotel rewards programs and potentially get more value from your miles.

The Venture Card puts the power into your hands by earning miles that you can either use against your travel purchases or transfer to travel partners.

Travel rewards can get complicated, which is why the Capital One Venture Rewards Credit Card feels like a breath of fresh air. The card offers a high, flat rewards rate on your everyday spending, so you don't need to keep track of different bonus rewards categories. It also offers extra miles on select travel booked through the Capital One Travel platform.

You can redeem your miles by booking travel through Capital One Travel or by using your card to pay for travel on your own and requesting a statement credit. Alternatively, you can transfer your miles to airline and hotel rewards program partners for more dynamic redemptions. The card also comes with complimentary Hertz Five Star status, which lets you skip the rental counter and get access to a wider selection of vehicles. When you use it to pay the application fee for Global Entry or TSA PreCheck, Capital One will reimburse you.

Best mid-level card: Chase Sapphire Preferred ® Card

The Chase Sapphire Preferred offers both robust earnings on travel and a useful suite of travel protections. Plus, Chase's dozen-plus transfer partners offer flexibility in travel redemptions.

Why we like it: If you're looking for a way to maximize your travel rewards without paying a steep annual fee, look no further than the Chase Sapphire Preferred ® Card . The card offers an impressive welcome bonus and several opportunities to earn bonus points on your everyday spending. Annual perks include a $50 credit toward hotel stays booked through Chase Ultimate Rewards, a 10% points bonus on your spending throughout the year and benefits with partners like Lyft, DoorDash, Instacart, and Peloton.

The card offers flexible redemption options, including cash back, but you'll get 25% more value if you use your points to book travel through Chase. Alternatively, you can transfer your rewards to one of the card issuer's airline or hotel rewards program partners and potentially squeeze more value out of your points. 

Best for lounge access: The Platinum Card® from American Express 

Why we like this card.

The Platinum Card® from American Express charges an annual fee that some will find hard to stomach. But if you're a frequent flyer, it may well become your favorite travel companion. The card offers access to more airport lounge networks than any other credit card. At larger airports, you may even have your pick among several lounge options. 

The card also comes packed with more than $1,500 in annual travel and lifestyle credits, elite status with select hotel and car rental rewards programs and many other perks that touch just about every aspect of your travel experience. That said, many of the credits are doled out in increments and are for specific vendors, making them harder to redeem.

Pro tip: Credits only have value if you use them in your daily life. If a credit or benefit is causing you to make purchases you don't usually make, you might want to reconsider whether it is worth it for you.

Best for airline loyalists: United SM Explorer Card

The United Explorer card makes sense if you are one of the over 140 million passengers that flew United last year.

Why we like it: If you like the idea of enjoying rewards and perks with an airline rather than general travel rewards and benefits, you can't go wrong with the United Explorer Card . The card offers a sizable welcome bonus and a few different bonus rewards categories, and with a strong domestic and international presence, you'll have plenty of options when it comes to redeeming your miles for award flights.

You'll get some standard airline card benefits, such as a free checked bag for you and a companion, priority boarding, and a discount on select inflight purchases. But you'll also get some perks that most mid-tier airline cards don't offer, including expanded access to Saver award tickets, premier upgrade eligibility on award tickets, two one-time passes to the United Club lounge each year, and an application fee credit toward Global Entry or TSA PreCheck.

Best for hotel loyalists: IHG One Rewards Premier Card

The IHG One Rewards Card offers a free night upon card renewal along with a slew of other benefits, making it well worth the modest annual fee

Why we like it: If you want to focus your efforts on earning free hotel stays, the IHG One Rewards Premier Credit Card offers an impressive array of benefits. The card makes it easy to earn points quickly, though it also requires a lot of points to get free stays with IHG. 

Where it really shines, though, is in its perks, which offer value that far outweighs the card's modest annual fee. You'll get a free night reward each year worth up to 40,000 points, plus a $100 statement credit and 10,000 bonus points if you spend $20,000 in a calendar year. When you stay at IHG hotels, you'll enjoy Platinum Elite status, which includes perks like the fourth night free on award bookings, reward night discounts, complimentary upgrades, and a welcome amenity. You'll also get an application fee credit toward Global Entry, TSA PreCheck, or NEXUS.

Best $0 annual fee card: Bilt Mastercard

The Bilt Mastercard not only has no annual fee, it has a robust set of travel transfer partners. Even better, it lets you earn rewards for paying rent.

Why we like it: While it technically isn't billed as a travel credit card, the Bilt Mastercard®—the only credit card that offers rewards on rent payments—offers travel benefits that are hard to ignore. Most importantly, the card allows you to transfer your points to several airline and hotel loyalty programs, a rare feature for a travel card with no annual fee. You'll also pay no foreign transaction fees and get a few trip protections, including trip cancellation and interruption reimbursement, trip delay protection and auto rental collision damage waiver.

If your vacation plans stretch farther than your budget, the VentureOne has an extended 0% APR period on purchases so you can enjoy the sun without getting burned with interest.

Most travel credit cards don't offer introductory 0% APR promotions, but if that feature is a top priority and you don't want a cash-back card, the Capital One VentureOne Rewards Credit Card may be worth a look. 

The card offers an introductory 0% APR promotion on both purchases and balance transfers, giving you plenty of time to pay off a large chunk or all of a significant purchase or high-interest debt from another card. 

The card's rewards rate isn't very exciting, but it does offer flexible travel redemption options, including access to transfer partners.

Best for earning on travel: U.S. Bank Altitude Connect

If cash back is your preference, the U.S. Bank Altitude Connect has a robust rewards rate on travel purchases plus a selection of perks unusual for a sub-$100 annual fee card.

Interestingly enough, many travel credit cards don't offer great rewards on travel spending unless you're booking through the card issuer's travel portal. If you want a card that offers best-in-class rewards on all of your travel spending, the U.S. Bank Altitude® Connect Visa Signature® Card is your best bet. 

The card also offers great rewards on other everyday spending categories, along with four free visits to Priority Pass lounges each year, an application fee credit toward Global Entry or TSA PreCheck, and an annual bonus when you use your card to pay for an eligible streaming service.

The Credit One Wander card flies under the radar but is worth a look for its strong earnings on travel, dining and gas in addition to its more lenient credit score requirements.

Why we like it: You typically need good or excellent credit to qualify for one of the best travel credit cards, but if you're not quite there yet, the Credit One Bank Wander® Card should be on your radar. The card offers great rewards on select travel purchases and other everyday spending. 

Points can be redeemed in a variety of ways, but to get a consistent redemption rate, statement credits are your best option.

Best for credit building: Capital One Quicksilver Secured Card

You aren't out of options if you need to build your credit score before getting a standard travel card. The Capital One Quicksilver Secured Card is a rewarding option while you get on track.

Why we like it : If you're looking to build or rebuild, you'll be hard-pressed to get approved for a true travel credit card. However, the Capital One Quicksilver Secured Cash Rewards Credit Card can be a solid alternative until you have the chance to establish a good credit score.

The card doesn't charge foreign transaction fees, making it a good choice for international travel, and you'll earn a solid rewards rate on every purchase you make. While you need to make a security deposit equal to your desired credit limit when you get started, you don't have to wait to close your account to get your money back. With responsible use, you can start earning unsecured credit line increases after six months, and you can also qualify for an upgrade to an unsecured Quicksilver card down the road, at which point you'll get a deposit refund.

Our methodology

The Fortune Recommends TM team analyzed more than 50 travel credit cards across various issuers to come up with the top picks.

Here are the key elements we ranked each card by:

• Annual fee: Some card issuers require cardholders to pay an annual fee for cards with rewards and extra features or benefits. For most of our rankings, we rated cards with lower or zero-dollar annual fees higher.  
• Rewards: Travel cards typically provide rewards in the form of points or miles. For some rankings, we rated cards with better rewards rates higher on our list. 
• Insurance and protections: When you use your card to make purchases, you may be eligible for different types of protections on those purchases. Some cards offer insurance on travel-related expenses, like trip cancellation insurance, baggage delay insurance, trip delay reimbursement, and more. Some cards also provide non-travel-related reimbursements like cell phone protection. For some rankings, we rated cards higher based on the number of protections they offered.
• Welcome bonus: When you sign up for a new credit card, you may be eligible for a one-time welcome bonus in the form of points or miles. You’ll need to spend a certain amount within a few months of card opening to earn the bonus. We ranked cards with higher bonuses and lower spending requirements higher on our list. 
• Perks: Travel credit cards may offer a variety of perks—like statement credits for TSA PreCheck, airport lounge access, a free checked bag, and more. We rated cards with more perks higher for some of our rankings. 
• Foreign transaction fees: Some cards charge a flat rate on purchases when you use your card abroad. We rated cards with no foreign transaction fees higher.  

How do travel credit cards work?

Unlike cash-back rewards, which tend to work the same regardless of the card issuer, travel rewards can get complicated quickly. Ultimately, your redemption options and the value of your points and miles will vary depending on the rewards program.

Flexible travel rewards

Flexible travel rewards credit cards offer points or miles through the card issuer's proprietary rewards program. Some examples include Chase Ultimate Rewards, American Express Membership Rewards, Citi ThankYou Rewards, and Capital One Miles. 

With flexible travel rewards, you'll typically get several redemption options, and your rewards are worth a set amount — usually between 0.5 cents and 1.5 cents apiece — depending on how you redeem them. Travel redemptions typically get more value, but that can vary by program.

Many of these programs also allow you to transfer your points to airline and hotel loyalty programs, giving you access to more dynamic redemptions. If you're savvy enough, you could get more value with a transfer partner than if you were to redeem through the card issuer's rewards program.

Airline rewards

Airline miles , or points in some cases, are designed primarily to help you earn award flights with your favorite airline, such as United, Delta , or Southwest. But unlike general points or miles, airline rewards typically don't have a set value. 

In some cases, the number of points or miles required for a flight may be linked to the cash value of the ticket, but they may be unrelated. As a result, the value of your rewards will vary based on your flight dates, itinerary, cabin choice, and other factors. 

In some cases, you may be able to redeem your airline rewards in other ways, but you typically won't get as much value that way.

Hotel rewards

Hotel points allow you to book free hotel stays with a single hotel chain, such as IHG, Hilton, or Marriott. Like airline rewards, hotel points have dynamic value, so your redemption rate will vary based on your destination, the property, your stay dates, and other variables.

Hotel loyalty programs may also allow you to redeem your rewards in other ways, but it's generally best to stick to free nights.

Should you pick a travel credit card?

If you frequently travel or you're looking for opportunities to travel more in the future, a travel credit card can make it easier to earn free or discounted flights, hotel stays, rental cars, and more. 

What's more, some of the top travel credit cards also offer perks that can save you more money or give you a better overall experience at the airport, in flight, or throughout your trip. 

That said, most travel credit cards don't offer as much redemption flexibility as cash-back credit cards. If you're not sure you want to go all in on travel rewards, a cash-back credit card may be a better choice. 

Also, most of the top travel credit cards charge an annual fee. While many of them make it easy to offset that cost with rewards and perks, the fee is still an out-of-pocket cost. If you're on a tight budget or you're generally fee-averse, think carefully about whether you can afford that yearly cost and make sure you can get enough value from a card to make its annual fee worthwhile.

How to choose the best travel credit card

With so many different options available, there's no single travel credit card that's best suited for all travelers. To determine which one is best for you, you'll want to think about your travel habits, spending profile, and general preferences.

Travel habits

Consumers who travel frequently may benefit more from a premium travel card that offers a broad range of perks, while more casual travelers may be better off with a mid-tier or no-annual-fee travel card. 

If you're loyal to a specific airline or hotel chain, it could make sense to get an airline or hotel credit card, but if you don't want to be tied down to a single brand, a general travel card might be the right move.

You'll also want to think about how you travel and which travel card benefits would give you the best experience. For example, if your home airport has one or more airport lounges, it can make sense to get a card that offers lounge access. 

Spending profile

Most travel credit cards offer tiered rewards, meaning you'll earn bonus rewards on certain spending categories. If you spend a lot in certain areas of your budget, try to find a card that will reward you more for those purchases. 

However, if you don't spend a lot in any single category or you don't want to earn a low rewards rate on most of your spending, consider a card that offers a high, flat rewards rate on everything.

General preferences

Consider other features you're looking for in a travel credit card. Options may include transfer partners, straightforward benefits, redemption options, 0% APR promotions, and more. 

As you research and compare travel credit cards, familiarize yourself with all of their benefits to determine which one feels like the best fit based on your needs and preferences.

Frequently asked questions

Which card is better for international travel.

Generally speaking, you'll want a credit card that doesn't charge a foreign transaction fee. With cards that do charge this fee, you'll typically pay an extra 3% on all of your purchases made abroad.

Additionally, Visa and Mastercard credit cards tend to be better for international travel because they're more widely accepted than American Express and Discover credit cards. If you have an Amex or Discover card, consider bringing a Visa or Mastercard as a backup.

Is Visa or Mastercard better for travel?

Mastercard boasts acceptance in more than 210 countries, while Visa says it operates in more than 200 countries. So, if you're traveling to a country that's off the beaten path, so to speak, Mastercard may be a better choice. But for most major international destinations, you're likely fine with either Visa or Mastercard.

What is the best credit card to accumulate travel miles?

Miles have historically been associated with airline frequent flyer programs, but some card issuers, including Capital One and Discover, use the miles nomenclature for their rewards currency. 

With that said, the best miles credit card for you depends on your travel habits and preferences. If you want to earn miles with a particular airline, check out that airline's co-branded credit cards to see which one offers the best fit. If you want more general rewards, consider a card that offers miles or points with more flexible redemption options.

Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

This story was originally featured on Fortune.com

Best no annual fee travel credit cards of April 2024

Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.  

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.  

Travel rewards cards are a lot like gyms. The best ones may come with tons of added benefits (saunas, yoga class, etc.) but they also cost a lot, usually with a big financial commitment upfront. 

As a result, whether you’re considering a Chase Sapphire Preferred ® Card (with its $95 annual fee) or a CrossFit membership, you probably have the same question on your mind: will I really use it enough to justify paying for it? 

While there aren’t any free gyms we know of, there thankfully are plenty of no-annual-fee travel rewards cards that require essentially zero commitment. And just like an ab roller or a Richard Simmons DVD, you can simply use them a few times, forget about them, and put them in a drawer until beach season. Or, you can stick with it and make them part of your daily routine—whatever works for you.

You’re also far more likely to see “instant results” with these cards, too. From 100,000-point welcome bonuses to rewards for paying rent, free travel insurance to 3X on gas, these cards offer way more than you’d expect for a fee of $0 per year. 

The best no-annual-fee travel cards for April 2024

Best overall: bilt mastercard, best for hotel rewards: ihg one rewards traveler credit card, best for airline rewards: united gateway℠ card, best for travel earnings: wells fargo autograph℠ card, best for flat-rate earnings: capital one ventureone rewards credit card.

The Bilt Mastercard allows you to earn points from paying rent and transfer them 1:1 to well over a dozen different travel partners including United MileagePlus and Marriott Bonvoy. Toss in some surprisingly robust travel insurance and you have our unconventional—yet logical—choice for the best overall no-annual-fee travel card of 2024.

Bilt Mastercard®

See Rates and Fees

Special feature

Rewards rates.

• 1x Earn 1X points on rent up to 100K/year
• 1x Earn 3X points on dining
• 2x Earn 2X points on travel
• 1x Earn 1X points on other purchases
• Use the card 5 times each statement period to earn points
• Uniquely earns points on rent
• Rent Day bonus every first of the month offers double points (excluding rent)
• Robust travel transfer partners
• Cash redemption rate is poor
• No traditional welcome bonus
• Travel perks: Trip Cancellation and Interruption Protection, Trip Delay Reimbursement, Auto Rental Collision Damage Waiver
• See this page for details
• Foreign Transaction Fee: None

Why we like this card: As mentioned, the Bilt Mastercard’s most compelling feature is that it allows you to pay rent with a credit card—even if your landlord doesn’t take plastic—and avoid the transaction fee paying rent by credit card would typically incur. Then, as long as you complete five transactions each month, you’ll trigger 1X rewards on your rent payments. 

Note that rewards on rent are capped at 100,000 points per year.

In terms of earning potential, if you pay the median ~$2,000 rent in the U.S., you could earn approximately 24,000 points per year which can be used to book travel in Bilt’s portal at a value of 1.25 cents per point or transferred to any of Bilt’s airline or hotel partners at a 1:1 ratio. In other words, you could likely earn a domestic flight with United or a weekend stay at Hyatt, all for simply paying rent on time.

The Bilt card also provides trip cancellation and interruption protection, trip delay reimbursement, and primary rental car insurance (terms apply)—perks you wouldn’t typically find on a no-annual-fee credit card.

If you’re looking for a hotel rewards card that offers the most free nights for no annual fee, wait until you read about the IHG One Rewards Traveler Credit Card. With a six-figure welcome bonus, up to 17X on stays and other compelling rewards, it’s currently the gold standard for no-fee hotel rewards.

IHG One Rewards Traveler Credit Card

Intro bonus.

• 17x Earn up to 17X points when you stay at IHG Hotels & Resorts 
• 3x Earn 3X points on dining, utilities, internet, cable, and phone services, select streaming services, and at gas stations
• 2x Earn 2X points on all other purchases
• Generous welcome bonus not typically seen in a $0 annual fee card
• Travel protections that are unusual for a no-annual-fee card
• Fourth night free on award bookings
• Limited redemption options outside of IHG
• IHG points are worth less than some other rewards currencies
• Silver status granted with the card has limited benefit
• Additional perks: Trip cancelation/interruption insurance, auto rental collision damage waiver, purchase protection, ability to spend to Gold status
• Foreign transaction fee:None

Why we like this card: We like calling the IHG One Rewards Traveler card the “Liam Hemsworth” of travel rewards cards because it lives in the shadow of its big brother—the IHG One Rewards Premier Credit Card —but still delivers plenty of quality and substance in its own right (with no annual fee, to boot). 

For starters, you can get a welcome bonus of 80,000 bonus points after spending $2,000 on purchases within the first 3 months of account opening, potentially worth around $500 to $700 in IHG redemption. 

Plus, enjoy up to 17X points when you stay at IHG Hotels & Resorts, instant Silver Elite status and a handy bonus where you redeem points for three consecutive nights and get the fourth night in your stay free. So, if you book a three-night stay using your welcome bonus, you’ll essentially be getting a complimentary four-night stay at a nice IHG property for no annual fee. The IHG One Rewards program could be very rewarding for the right traveler.

Check out our full review of the IHG One Rewards Traveler .

As a no-annual-fee airline card, the United Gateway℠ Card currently edges out its rival the Delta SkyMiles® Blue American Express Card by offering a more generous welcome bonus and travel insurance that the Delta card does not provide. If you fly occasionally and would like to earn miles, but aren’t willing to make the commitment of $95 or more for a mid-tier airline card with more perks, the Gateway is a strong choice. 

United Gateway℠ Card

• 2x 2 miles per $1 spent on United® purchases, including tickets, Economy Plus, in-flight food, beverages and Wi-Fi, baggage service charges and other United purchases.
• 2x 2 miles per $1 spent on local transit and commuting, including rideshare services, taxicabs, train tickets, tolls, and mass transit.
• 1x 1 mile per $1 spent on all other purchases
• No annual fee or foreign transaction fee
• Reward bonus categories outside of United Airlines
• Robust travel protections for a no-annual-fee card
• No baggage or expanded award availability benefits like with other United cards
• Subject to Chase 5/24 rule.
• United perks: 25% back as a statement credit on purchases of food, beverages and Wi-Fi on board United-operated flights and on Club premium drinks when you pay with your Gateway Card
• Other perks: Auto Rental Collision Damage Waiver, Trip Cancellation/Interruption insurance, Purchase Protection, Extended Warranty
• Foreign transaction fee: None

Why we like this card: The United Gateway card offers 2 miles per $1 spent on United® purchases, at gas stations and on local transit and commuting plus 1 mile per $1 spent on all other purchases. Considering a United Mile is worth roughly around 1.2 cents these days, effectively earning 2.4 cents back on everyday purchases is a solid value proposition. 

You’ll also get a welcome bonus of 20,000 bonus miles after you spend $1,000 on purchases in the first 3 months your account is open. And, you can save with a discount of 25% back on United in-flight and Club Premium drink purchases. 

New cardholders will enjoy a 0% Intro APR on Purchases for 12 months, after 21.99%–28.99% variable applies.

If the United Gateway card has a small lead on the Delta Skymiles Blue Amex at this point, it soars ahead (pun intended) when you look at the included travel and shopping protections. Both cards offer secondary rental car insurance, but only the Gateway includes trip cancellation and interruption insurance, purchase protection and extended warranty protection. 

So, if you’re seeking a no-annual-fee card you can use to rack up miles—and you either tend to fly United most of the time or you’re at minimum not devoted to a competing airline—the United Gateway is the card to beat.

Check out our full review of the United Gateway Card for more info.

To view rates and fees of the Delta SkyMiles® Blue American Express Card, see this page  

With a generous welcome bonus in exchange for an attainable spend amount, 3X on travel, and a fancy name, you’d think the Wells Fargo Autograph℠ Card would command an annual fee of at least $95. But it doesn’t, making it a superb candidate for general travel use.

Wells Fargo Autograph℠ Card

Intro bonus.

• 3X 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans
• 1X 1X points on other purchases
• No annual fee
• 20,000 bonus points when you spend $1,000 in purchases in the first 3 months (that's a $200 cash redemption value)
• Points transfer to partners
• Car rental insurance is secondary
• No travel insurance
• Transfer partners are limited
• Additional perks: Cell Phone Protection: Provides up to $600 in cell phone protection when you pay your monthly cell bill with your Wells Fargo Autograph card. Coverage is subject to a $25 deductible and limited to two claims every 12-month period.
• Foreign transaction fee: N/A

Why we like this card: The Wells Fargo Autograph offers unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans and even your landline bill too if you have one, plus 1X points on other purchases—all without charging an annual fee. And, to make traveling a little cheaper/less stressful, you’ll also get $600 worth of cell phone protection (minus a $25 deductible) as long as you pay your phone bill with this card and secondary rental car insurance. 

Cardholders can transfer points at a 1:1 ratio to Wells Fargo’s first wave of transfer partners including Air France‑KLM Flying Blue, Avianca Lifemiles, British Airways Executive Club, AerClub, and Iberia Plus and 1:2 to Choice Privileges. 

But even if you aren’t a member of those loyalty programs, earning 3X on dining, travel, gas, and more is hard to pass up. You can redeem points at a value of 1 cent each to offset past purchases on your account, meaning you can wield the Autograph either as a no-annual-fee travel card or as a cash-back card effectively earning unlimited 3% back in a wide swath of useful categories. 

Check out our full review of the Wells Fargo Autograph .

Sometimes, you just want a card that offers a little more than 1X on every purchase—without having to worry about what this quarter’s rotating rewards are, or whether a specific merchant qualifies as “groceries” for the purposes of your card’s rewards. If you value simplicity and the lack of an annual fee in your travel card, you’ll probably be a fan of the Capital One VentureOne Rewards Credit Card and its straightforward rewards program.

Capital One VentureOne Rewards Credit Card

Reward Rates

• 5x Earn 5x miles on hotels and rental cars booked through Capital One Travel
• 1.25x Earn 1.25x miles on every other purchase
• Flexible travel rewards
• No foreign transaction fee
• Maximizing Capital One Miles requires a learning curve
• Cash redemption value is limited
• The VentureOne offers travel accident insurance, rental car coverage, extended warranty protection, exclusive access to events through Capital One Dining and Capital One Entertainment

Why we like this card: The Capital One VentureOne Rewards offers 1.25X miles per dollar spent on everyday purchases and 5x miles on hotels and rental cars booked through Capital One Travel. That’s pretty much all that you have to remember. You can also get a nice welcome bonus of 20,000 miles after spending $500 on purchases within 3 months from account opening, which is a solid payout for a very attainable spending target. 

Capital One Miles can be transferred to well over a dozen airline and hotel partners, most at a 1:1 rate. Partners include Air Canada’s Aeroplan, British Airways Executive Club, Choice Privileges, Virgin Red, and Wyndham Rewards, among others. Other ways to book travel include redeeming miles through Capital One’s portal or making the purchase directly, paying with your card like normal, then using miles for a statement credit to cover the transaction. 

The Venture One also offers a 0% intro APR on purchases for 15 months (after that, the variable APR will be 19.99%–29.99%). There’s an intro balance transfer fee of 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open , then 4% per transfer for any promotional APR offered after. 

Come to think of it, provided you have the excellent credit needed to apply, the VentureOne could make a great travel companion for a grad student given its simplicity, lengthy intro APR period and low spending threshold required to trigger the welcome bonus.

Check out our full review of the Capital One VentureOne Rewards .

Frequently asked questions

Which card is best for international transactions without extra charges.

Zero foreign transaction fees is actually a common benefit among travel rewards cards, including many with no annual fee. For example, neither the Bilt Mastercard nor the United Gateway card charges a foreign currency conversion fee. 

What is the best travel credit card for a young person? 

If you’re still paying rent, the Bilt Mastercard is an excellent choice since it can generate points from rent payments which can then be transferred 1:1 to well over a dozen airline and hotel partners. If you’d prefer a card with a welcome bonus, which the Bilt card lacks, the IHG One Rewards Traveler card currently offers a massive welcome bonus for a no-annual-fee card—potentially worth hundreds of dollars toward a future IHG hotel stay. 

Is a travel card with an annual fee worth it?

Using a travel rewards card with an annual fee can be worth it as long as you’re extracting enough points and benefits to justify paying the fee each year. If you travel infrequently or just want one less fee to worry about, consider one of the no-annual-fee cards on our list above. But, the best perks and protections are typically available on cards with annual fees.

For example, the Capital One Venture X card offers a $300 annual travel credit for bookings made through Capital One Travel. If you use that every year, you’ve gone a long way toward offsetting the $395 annual fee. You also get 10,000 bonus miles, worth at least $100 toward travel, every year starting on your account anniversary.

Methodology

To bring you our top picks for the best travel rewards cards with no annual fee, the Fortune Recommends surveyed more than a dozen cards currently available from today’s top issuers. From there, we ranked each one based on the following core categories and weights:

• Welcome bonus (10%): Some cards—even those with no annual fee—offer welcome bonuses that you can earn once you make enough purchases within a certain time frame, such as spending $1,000 within three months of account opening.
• Travel earnings (25%): These are the point rewards you’d earn by making travel-related purchases (e.g. 3X on hotels, 2X on airfare).
• Car rental insurance (15%): Many, but not all travel-centric rewards cards include an auto rental collision damage waiver, which allows you to decline a portion of the rental company’s insurance and save potentially up to $30 per day. We gave extra consideration to if a card offers primary rental car insurance versus secondary, because primary kicks in immediately in a covered scenario—whereas secondary only applies after your own, personal insurance. 
• Travel insurance benefits (15%): Some travel rewards cards automatically apply trip cancellation/interruption insurance, lost/delayed luggage reimbursement and even travel accident insurance on travel bookings made using the card.
• Gas earning (5%): Since road trips remain a common form of travel, whether or not a card offers points rewards at the pump factored into our rankings.
• Dining earning (10%): If a no-annual-fee travel rewards card offered 2X or more on restaurant purchases it favored well in this category.

The remaining 20% was based on the card’s main focus: hotel, airline or general travel rewards. 

• For general travel—points transferrable to partners (20%): Points are literally worth more if you can transfer them to certain partners, so a card’s ability to transfer rewards to airline and hotel partners factored into our rankings.
• For hotel rewards—free award night with booking (20%): Some hotel rewards cards offer a BOGO-like perk where if you redeem a certain number of nights with points you get an extra tacked on for free.
• For airline rewards—ability to spend towards status (20%): Most airline rewards cards allow you to earn miles, but not all of them count those miles towards your next loyalty status. If a card treated them as “qualifying miles,” it fared better in this category.

Lastly, just keep in mind that virtually every aspect of a travel rewards card—from the rewards to the welcome bonus and fee structure—is subject to change, which could impact how many miles or points you earn. 

Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefits guide for more details. Underwritten by Amex Assurance Company.  

Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.  

EDITORIAL DISCLOSURE : The advice, opinions, or rankings contained in this article are solely those of the Fortune Recommends ™ editorial team. This content has not been reviewed or endorsed by any of our affiliate partners or other third parties.

Guide to travel rewards credit cards

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Here's what the Credit Card Competition Act could do to your airline miles and travel rewards

• The Credit Card Competition Act would lower credit card swipe fees. 
• Major airlines have said that the bill could reduce or completely end travel reward programs. 
• About 40% of American credit card users have a card that is co-branded with a major airline.

When Jess Bohorquez stayed in a luxury hotel with a view of the Sydney Opera House, she didn't pay a cent.

The influencer and creator of "Points By J," a platform that teaches people tricks for low-cost travel, said she uses credit card points to upgrade her vacations and teaches her audience of over 180,000 Instagram followers to do the same. 

Since she started accumulating travel points a few years ago, Bohorquez told Business Insider she's gotten discounted flight upgrades, free hotel stays , and trip insurance through her Chase credit card. She even has access to premium lounges at most airports. 

"It gets you hooked once you have that first successful points deduction for free travel," said Bohorquez, adding that it's easy to get perks if you know the rules of your credit card. "It's such an exciting feeling."

However, those perks could be in danger of disappearing. The US credit card market is at a crossroads : Politicians and companies are struggling to compromise on how much card swipe fees should cost, who should get the money, and how all of it will impact consumers.

More than eight in 10 Americans use a credit card to make payments, get cash back, and build credit, according to The Federal Reserve . About 40% of those people have a card that is co-branded with a major airline.

Some lawmakers hope to bring more competition to the market, in hopes of limiting the power of major credit card companies and lowering fees. But airlines and travelers worry it could mean the end of rewards programs .

Major airlines' bottom line depends on credit card companies

The Credit Card Competition Act , which was introduced to Congress in June 2023 would require major banks to use at least one credit card payment network that isn't Mastercard or Visa — companies that control more than 80% of US credit card transactions — to introduce more competition into the credit card market.

Visa and Mastercard currently charge businesses about a 3% transaction fee when a customer uses their credit card. The more people that use a credit card, the more revenue banks and card companies make.

That's where airlines come in.

Airlines make money off selling tickets and offering in-flight purchases. But co-branded credit cards like Chase Sapphire Preferred, Delta SkyMiles, and the United Explorer Card are profit centers for banks and airlines.

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The airlines sell banks "points." Credit card holders are then awarded those points for spending money with the co-branded card. Banks and credit card companies make money off of the swipe fees, and airlines only have to pay for the points if they are actually redeemed by travelers. It also makes travelers more likely to choose their specific airline whenever they fly.

Sen. Dick Durbin , a Democrat from Illinois, is the lead sponsor of the Credit Card Competition Act. In a statement to Business Insider, he said the bill would introduce necessary competition into the credit card market.

Durbin worries that major airlines are becoming like "credit card companies that fly planes."

"(Airlines) want to protect the billions of dollars in windfall profits they collect through sweetheart deals they have negotiated with the biggest Wall Street banks at the expense of consumers and local businesses," he wrote.

Durbin said his bill would not end travel rewards.

Credit card rewards incentivize travelers

Businesses typically make up for these credit card swipe fees by raising prices for customers . In theory, increasing competition and lowering swipe fees would translate into more affordable consumer prices.

This could mean cheaper — or at least more stable — prices for buyers, per NerdWallet .

Bohorquez, however, said increased credit card competition is unlikely to lower prices in practice. Instead, she said business airlines and credit companies will be less incentivized to offer loyalty perks like frequent-flyer miles and fraud protections.

Major airlines have already said the Credit Card Competition Act could end these reward programs. Southwest Airlines said in a statement to BI that it "strongly opposes" the bill.

"This legislation is bad policy and would undermine, if not completely end, credit card rewards programs that millions of Americans rely on for their vacations or personal travel needs," Southwest wrote.

United Airlines referred BI to Airlines for America, a lobbying group that represents the US airline industry. Delta and American Airlines did not respond to BI by the time of publication.

Airlines for America said in a press release from July that airlines believe credit card competition would harm their "ability to reward our most enthusiastic customers' loyalty and putting the viability of these programs at risk."

Still, it's unclear whether the Competition Act will become law. The bill was referred to the Committee on Banking, Housing, and Urban Affairs in July, but hasn't yet been passed by the House or Senate.

Until more movement on the bill occurs, Bohorquez plans to make the most of her rewards.

"I'm not terribly worried about our points going anywhere anytime soon," she said. "I hope that people continue to earn and enjoy their credit card points and take a lot of free trips."

Do you use your credit card for travel rewards? Have you saved money on a vacation by using points? Reach out to this reporter at [email protected] .

Watch: While Delta's business is 'extremely robust,' the airline's marketing chief stays focused on the data

• Main content

Fisker loses customers’ money, Robinhood launches a credit card, and Google generates travel itineraries

Hey, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the notable happenings in tech over the past few days.

This week, TC’s auto reporter Sean O’Kane revealed how EV startup Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete.

Elsewhere, Lorenzo reported how Facebook snooped on users’ Snapchat traffic in a secret project known internally at Meta as “Project Ghostbusters.” According to court documents, the goal was to intercept and decrypt the network traffic between people using Snapchat’s app and its servers.

And Manish wrote about the resignation of Stability AI founder and CEO Emad Mostaque late last week. Mostaque’s departure from Stability AI — the startup known for its popular image generation tool Stable Diffusion — comes amid an ongoing struggle for stability (pun intended) at the company, which was reportedly spending ~$8 million a month as of October 2023 with little revenue to show for it.

Lots else happened. We recap it all in this edition of WiR — but first, a reminder to  sign up  to receive the WiR newsletter in your inbox every Saturday.

Fisker suspended:   Fisker’s bad week continued with a halt in the startup’s stock trading. The New York Stock Exchange moved to take Fisker off the exchange, citing its “abnormally low” stock levels.

AI-powered itineraries: In an upgrade to its Search Generative Experience , Google has added the ability for users to ask Google Search to plan a travel itinerary. Using AI, Search will draw on ideas from websites around the web along with reviews, photos and other details.

Robinhood’s new card: Nine months after acquiring credit card startup X1 for $95 million, Robinhood on Wednesday announced the launch of its new Gold Card, powered by X1’s technology, with a list of features that could make Apple Card users envious.

At AT&T, mum’s the word: The personal information of some 73 million AT&T customers spilled online this week. But AT&T won’t say how — despite the hack responsible having happened over three years ago.

Booming Copilot: Copilot, the budgeting app, has raised $6 million in a Series A round led by Nico Wittenborn’s Adjacent. The app is benefiting partly from the death of Mint, Intuit’s financial management product.

Liquid assets:   In a piece looking at the wider VC-backed beverage industry, Rebecca and Christine note canned water startup Liquid Death’s recent $67 million fundraise, which brought the company’s total raised to more than $267 million. Talk about liquidity.

HVAC venture: Dan Laufer, a former Nextdoor exec, has raised $25 million from Canvas Ventures and others for PipeDreams, a startup that acquires mom-and-pop HVAC and plumbing companies and scales them using its software that helps with scheduling and marketing.

Is Nvidia the next AWS?:   Ron writes about how there’s lots of parallels in Nvidia’s and AWS’ growth trajectories.

This week on Equity , the crew dug into Robinhood’s new credit card, Fisker’s latest woes and even Databricks’ new AI model that it spent $10 million to spin up. They also spotlit two companies building startups focused around kids, and, to wrap up, looked at a new $100 million fund that seeks to back innovative climate tech.

Meanwhile, on Found , Allison Wolff, the co-founder and CEO of Vibrant Planet, a cloud-based planning and monitoring tool for adaptive land management, discussed why the wildfires we’re seeing today are hotter and spreading more quickly than we can contain and how proper land management can help foster lower, slower-burning fires.

And on Chain Reaction , Jacquelyn interviewed Scott Dykstra, CTO and co-founder of Space and Time. Space and Time aims to be a verifiable compute layer for web3 that scales zero-knowledge proofs, a cryptographic action used to prove something about a piece of data without revealing the origin data itself.

Bonus round

Spotify tests online learning: In its ongoing efforts to get its 600 million+ users to spend more time and money on its platform, Spotify is spinning up a new line of content: e-learning. Beginning with a rollout in the U.K., the (traditionally audio) streaming platform is testing the waters for an online education offering of freemium video courses.

What you need to know about the Wells Fargo Autograph Journey Visa Card

• How other travel cards compare to the Wells Fargo Autograph Journey℠ Visa® Card
• 4 important details about the Autograph Journey 

The Chase Sapphire Preferred Could Lose Its Crown to This Wells Fargo Travel Card

The newest Wells Fargo card comes up short in a few areas, but that could change soon.

Holly Johnson

Contributor

Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and all things personal finance. In addition to writing for publications like Bankrate, CreditCards.com, Forbes Advisor and Investopedia, Johnson owns Club Thrifty and is the co-author of "Zero Down Your Debt: Reclaim Your Income and Build a Life You'll Love."

Tiffany Connors

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazine and Soap Opera Digest. When she isn't working, you can find her enjoying life in St. Petersburg, Florida, with her husband, daughter and a very needy dog.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

The Wells Fargo Autograph Journey℠ Visa® Card* -- Wells Fargo’s latest and best travel card -- recently launched with an impressive set of features. Its competitive rewards, welcome bonus and redemption options take aim at incumbent travel credit cards from Chase, American Express and Capital One.

What gives Wells Fargo’s first foray into the point-transfer space an edge is that you don’t have to book travel in a portal to earn the highest rewards rates. 

Here’s why we think the Wells Fargo Autograph Journey could go toe-to-toe with some of the best travel credit cards, plus four insider tips to help you decide if you should add it to your credit card lineup.

Before we dive into the hidden features and benefits, here’s an overview of what you can expect with the Autograph Journey:

• Earn 60,000 welcome bonus rewards points after spending $4,000 in purchases within three months of account opening.
• Earn unlimited 5x points on hotels, 4x points on airlines, 3x points on other travel and dining and 1x on other purchases.
• Receive an annual statement credit with a $50 minimum airline purchase.
• No foreign transaction fees.
• Other benefits include trip cancellation and interruption insurance, lost luggage reimbursement, roadside dispatch and cell phone insurance.
• $95 annual fee.

How other travel cards compare to the Wells Fargo Autograph Journey℠ Visa® Card

Chase Sapphire Preferred® Card

Capital One Venture X Rewards Credit Card

Capital One Venture Rewards Credit Card

4 important details about the autograph journey .

Here’s a rundown of four facts we discovered about the Autograph Journey that you should know when deciding whether to apply.

1. You can transfer points with Wells Fargo point-based cards

The launch of the Autograph Journey also marks the first transferable points program from Wells Fargo, which joins other card issuers like Chase and Capital One, which have their own pooling programs .

Autograph Journey will be able to do a points transfer with the no-annual-fee Wells Fargo Autograph℠ Card . This is especially notable since the Wells Fargo Autograph℠ Card offers bonus rewards in different categories than the Autograph Journey. 

For example, the Autograph card earns unlimited 3x points on restaurants, travel, gas stations, transit, popular streaming services and phone plans, plus 1x points on other purchases. So you can maximize your point earning across different categories, then transfer your points to your Autograph Journey account to access premium travel redemptions.

2. It offers more options for earning bonus miles on travel than some competitors

The Autograph Journey will offer more flexibility than many travel rewards cards when it comes to earning more points on travel purchases. For example, cardholders earn unlimited 5x points on hotels booked directly with hotel brands and 4x points on airfare booked with airlines. 

This helps the card stand out from other popular travel credit cards that offer the most bonus points only if you book travel through their portals. For example, the Capital One Venture Rewards Credit Card * and the Capital One Venture X Rewards Credit Card * only offer the highest bonus rewards on travel booked through Capital One Travel. The Chase Sapphire Preferred® Card also offers its highest rate of 5x points on travel booked through Chase Travel℠, whereas other travel purchases earn 2x points.

Autograph Journey cardholders also earn a minimum of 3x points on other travel purchases, which could include rental cars, cruises and travel booked through online travel agencies like Expedia and Priceline.

3. The card may grow in value as more transfer partners join

The Autograph Journey Card will earn flexible travel rewards points that transfer to a selection of airline and hotel partners, similar to Amex Membership Rewards points or Chase Ultimate Rewards . While the list of transfer partners is limited, Wells Fargo stated in its initial press release that “more partners will continue to be added throughout the year.”

Points transfers could dramatically change the value proposition of the Autograph Journey, especially if new partners include domestic airlines and popular hotel loyalty programs. 

Wells Fargo point transfers will be available to new cardholders starting on April 4. For now, Wells Fargo transfer partners include the following:

4. You may need to wait to apply

If you’ve applied for another Wells Fargo card in the last six months, you’ll likely have to wait a little longer before applying for the Autograph Journey.

Wells Fargo states in its terms and conditions, “If you opened a Wells Fargo Credit Card account within the last six months, then you may not qualify to open an additional Wells Fargo Credit Card account. We may also limit how many open Wells Fargo Credit Card accounts you have.”

So if you want the new Autograph Journey, you should steer clear of applying for other cards from Wells Fargo for now. If you’re approved and use the card responsibly for six months or longer, you can consider adding additional Wells Fargo credit cards to your portfolio.

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After writing about hundreds of credit cards, these two are still my favorite, 6 reasons the chase sapphire preferred should be your next credit card, 3 steps to take when your flight is canceled or delayed, 8 best credit card strategies to maximize earnings in 2024, as a foodie who enjoys a night out on the town, this credit card gives me plenty to savor.

* All information about the Wells Fargo Autograph Journey, Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card have been collected independently by CNET and has not been reviewed by the issuer.

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and links appear on our site.