Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

HSBC Hong Kong Cards review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

HSBC Hong Kong Cards suit people who bank in Hong Kong and want cashback without a yearly charge. The Red credit card pays cashback on everyday spending and charges 1.95% on currency conversion, so overseas readers should weigh that cost before applying.

Key facts

Best for
A Hong Kong credit card with no annual fee and cashback on everyday spending.
Annual fee
HK$0↗
Currency conversion fee
1.95%↗
Rewards type
Cashback↗
Rewards rate
8% RewardCash at designated overseas and local merchants, 4% RewardCash online, 0.4% RewardCash on other spending↗
Perks
Perpetual annual fee waiver, HK Express complimentary in-flight drink, Virtual credit card, Home&Away offers, Mobile payment acceptance (Apple Pay, Google Pay, Samsung Pay)↗
Card kind
Credit↗
Legal entity
The Hongkong and Shanghai Banking Corporation Limited↗
Headquarters
Hong Kong↗
Founded
1865↗
Support channels
Phone, Help-centre↗
Pricing model
No annual fee
Features
Rewards
Audience
Kids
Official website
hsbc.com.hk

Debit cards

Monthly fee
HK$0↗
Free ATM withdrawals
HK$0↗
Card type
Debit↗
Cashback rate
0.4%↗
Card network
Mastercard↗
Currencies
12↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Cashback rather than points: the rewards type is cashback, with 0.4% on other spending and higher rates at designated merchants and online.
  • The perks list, Perpetual annual fee waiver, HK Express complimentary in flight drink and Virtual credit card, covers a virtual credit card, an annual fee waiver and mobile payment acceptance.
  • The Mastercard debit card runs on mastercard with 12 currencies supported and a monthly fee of HKD 0.

Cons

  • Currency conversion of 1.95% sits above the 0% to 2.5% band most cards fall in.
  • The Mastercard debit card has no free ATM withdrawals, with the allowance set at HKD 0.
  • Support runs on phone and help centre only.
HSBC Hong Kong Cards

Ready to try HSBC Hong Kong Cards?

Scored 9.3 / 10 by SumCue.

See alternatives

Who it suits

  • Hong Kong residents who want cashback on a credit card with no annual charge
  • People paying for travel or online purchases, where the higher RewardCash rates sit
  • Parents looking at the Mastercard debit card, the product aimed at kids

Who should look elsewhere

  • Wise, for readers whose priority is conversion cost rather than cashback, since 1.95% applies here
  • bunq, which also lists an annual fee of €0, for anyone banking in the euro area
  • Varo Believe Secured Credit Card, whose annual fee of $0 is set in US dollars

Where it sits among rivals

On annual fee, HSBC Hong Kong Cards place 1 out of 312 brands. On currency conversion the position is 105 out of 186, so the free annual fee is the stronger cost point, and readers paying abroad feel the conversion charge more than the fee saving.

Who runs it

The cards are issued by The Hongkong and Shanghai Banking Corporation Limited, headquartered in Hong Kong and founded in 1865. Support runs through phone and help centre, so a card query in Hong Kong can be handled by phone or answered in the help centre. This is a single market, which keeps fees simple but limits where the cards are useful.

How HSBC Hong Kong Cards compares

Where HSBC Hong Kong Cards is available

Available
Hong Kong

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the annual fee on the Red credit card?+

The annual fee is HKD 0, and the card is listed as a no annual fee model with a perpetual annual fee waiver among its perks. On this measure it ranks 1 out of 312 brands, so there is no yearly charge to set aside.

How much does currency conversion cost?+

Conversion is charged at 1.95% on the credit card. That puts the card at position 105 out of 186 brands, so overseas spending is the figure to watch rather than the annual fee. Readers who pay abroad regularly should weigh it first.

What rewards does the card pay?+

The Red card pays cashback as RewardCash, with 0.4% on other spending and higher rates at designated overseas and local merchants and on online purchases. The rewards type is listed as cashback, so the return is money back rather than points or miles.

What perks come with the card?+

The perks list, Perpetual annual fee waiver, HK Express complimentary in flight drink and Virtual credit card, covers a perpetual annual fee waiver, a complimentary in-flight drink with HK Express, a virtual credit card, home&Away offers and acceptance of Apple Pay, Google Pay and Samsung Pay. Rewards are what the card is flagged for, on rewards.

Is there a debit card too, and who is it for?+

The range includes a Mastercard debit card aimed at kids, with a monthly fee of HKD 0 and a free ATM withdrawal allowance of HKD 0. The Red product is a credit card, so the debit and credit sides sit as separate products.

Which network do the cards use, and how many currencies are supported?+

The debit card runs on mastercard, with 12 currencies supported. Cashback on that card is paid at 0.4%, and no monthly charge applies. Readers who need broader currency cover should check that count before applying.

How do I get help with a card problem?+

Support runs on phone and help centre. A blocked payment or a rewards query can be handled by phone or answered in the help centre, both listed for these cards. Phone is the quicker route when a card is abroad and the problem needs settling straight away.

Who issues the cards?+

The cards come from The Hongkong and Shanghai Banking Corporation Limited, headquartered in Hong Kong and founded in 1865. Support comes from the same bank, with a help centre covering the credit card and the debit product alike.

Sources

  • about.hsbc.com.hk checked September 26, 2026

    Backs: Founded

    “Established in 1865 to finance the growing trade between Asia and Europe, HSBC is today the biggest bank in Hong Kong”

  • hsbc.com.hk/credit-cards checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels

    “This website is designed for use in Hong Kong.”

  • hsbc.com.hk/credit-cards/products/red checked September 26, 2026

    Backs: Card kind, Features, Pricing model, Perks, Rewards rate, Rewards type

    “HSBC Red Credit Card”

  • hsbc.com.hk/debit-cards/products/mastercard-debit-card checked September 26, 2026

    Backs: Free ATM withdrawals, Audience, Card type, Cashback rate, Currencies, Monthly fee, Card network

    “Free cash withdrawals worldwide: Withdraw cash from HSBC Group ATMs anywhere in the world, with no handling fees”

  • hsbc.com.hk/help/faq/credit-cards checked September 26, 2026

    Backs: Annual fee, Currency conversion fee

    “For the HSBC Premier Mastercard Credit Card and the HSBC Red Credit Card, we've permanently waived the annual fee.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR.

Related by the facts

HSBC Hong Kong Cards

HSBC Hong Kong Cards

A Hong Kong credit card with no annual fee and cashback on everyday spending.

9.3/10See alternatives