HashKey, Visa launches Hong Kong credit card with up to 4% return

HashKey Change, Shanghai Business Financial institution and Visa have launched a co-branded bank card in Hong Kong.

Eligible HashKey Change members can apply for the Shanghai Business Financial institution HashKey Visa Signature Credit score Card by each firms’ cellular purposes.

The cardboard connects on a regular basis spending with advantages that clients can use at approved exchanges. This program doesn’t pay out cryptocurrencies straight. As an alternative, convert your reward factors into HashKey HKD Money Vouchers each month. Customers can apply their vouchers in the direction of cryptocurrency purchases or transaction charges.

Throughout the promotional interval, the cardboard gives as much as 4% off

Shanghai Business Financial institution’s card product web page lists a 2% profit on eligible home spend and 4% profit on eligible worldwide spend through the promotional interval. New clients also can obtain as much as HK$1,200 in HashKey HKD Money Vouchers or HK$1,000 in spending credit, topic to the phrases of the provide.

Cardholders earn 1 level for each HK$1 spent. On every month-to-month assertion date, this system will convert 250 factors into HK$1 of HashKey HKD Money Vouchers. Clients obtain a voucher of their HashKey account that they’ll use to buy supported cryptocurrencies or offset transaction charges.

Shanghai Business Financial institution points and manages playing cards

Shanghai Business Financial institution points the playing cards and handles all banking and credit score providers. In keeping with HashKey’s bank card disclosure data, the change doesn’t provide credit score or banking providers. The financial institution additionally decides whether or not to approve every utility.

Entrants will need to have a HashKey account, reside in Hong Kong, and be no less than 18 years of age. The appliance begins on the HashKey cellular app earlier than redirecting the consumer to the Shanghai Business Financial institution app. The cardboard may even mild up throughout contactless funds.

HashKey targets sensible use of digital belongings

HashKey Change Enterprise Group CEO Haiyang Ru mentioned the partnership goals to increase using regulated digital belongings past buying and selling. He mentioned the corporate desires to maneuver “past speculative buying and selling” by connecting digital belongings with a broader vary of economic providers.

Visa Hong Kong and Macau common supervisor Paulina Leung mentioned the 2 firms intention to attach digital asset providers with acquainted fee strategies. Visa will present the fee community, and the financial institution and HashKey will handle playing cards, advantages, and buyer accounts below their respective regulated roles.

The product follows an announcement in October 2025 that Shanghai Business Financial institution and HashKey plan to develop a co-branded Visa card. With launch in July, this plan will change into a product that may be claimed by eligible change members.

Getting into Asia’s Rising Cryptocurrency Level Card Market

HashKey is without doubt one of the first exchanges to be licensed to serve retail crypto clients in Hong Kong. As reported by crypto.information, the platform will launch licensed retail operations in August 2023 and helps direct financial institution transfers in Hong Kong {dollars} and US {dollars}.

The cardboard comes as HashKey expands as a publicly traded digital asset firm. In June, the corporate’s board accepted a share buyback plan price as much as HK$100 million, as the corporate’s share value rose from current lows.

Elsewhere, different Asian monetary teams are additionally linking card spending with digital asset rewards. As beforehand reported, SBI and Visa launched a Japanese bank card program tied to Bitcoin, Ether, and XRP rewards in Might.

The HashKey program makes use of a unique construction. Clients obtain a voucher denominated in Hong Kong {dollars} and select whether or not to make use of it to buy cryptocurrencies. Moderately than paying in cryptocurrency straight at checkout, this mannequin retains bank card, redemption, and change transactions as separate steps.