Bank of East Asia Preferred Card

The Bank of East Asia Preferred Card provides a reliable 1% cashback on all spending, distinguished by its complete absence of an annual fee—saving cardholders HK$300 annually compared to the Bank of China Cashback Card. Its seamless BEA Online integration enables instant cashback redemption into the account balance, bypassing the HK$50 minimum withdrawal thresholds found on many competing cards. Users earn HK$100 for every HK$10,000 spent consistently, without the spending caps that limit 2% category-specific cards like the Hang Seng WeLend+ Card on non-lifestyle purchases. This universal earning potential across all merchants makes it a simpler, more predictable choice for those prioritizing straightforward rewards over complex tiers.