HashKey, Visa launch Hong Kong credit card with up to 4% rewards

HashKey Alternate, Shanghai Industrial Financial institution and Visa launched a co-branded bank card in Hong Kong.

Eligible HashKey Alternate members can apply for the Shanghai Industrial Financial institution HashKey Visa Signature Credit score Card via the 2 firms’ cell functions.

The cardboard hyperlinks on a regular basis spending with rewards that clients can use on the licensed trade. This system doesn’t pay cryptocurrency straight. As an alternative, it converts reward factors into HashKey HKD Money Vouchers month-to-month. Customers can apply the vouchers towards crypto purchases or buying and selling charges.

Card gives as much as 4% rewards throughout promotion

Shanghai Industrial Financial institution’s card product web page lists 2% rewards on eligible native spending and 4% on eligible abroad spending through the promotion. New clients can also obtain as much as HK$1,200 in HashKey HKD Money Vouchers or HK$1,000 in spending credit score, topic to the provide’s phrases.

Cardholders earn one level for each HK$1 spent. On every month-to-month assertion date, this system converts 250 factors into HK$1 in HashKey HKD Money Vouchers. Clients obtain the vouchers of their HashKey accounts and might use them to purchase any supported cryptocurrency or offset transaction charges.

Shanghai Industrial Financial institution points and manages the cardboard

Shanghai Industrial Financial institution points the cardboard and handles all banking and credit score companies. HashKey’s bank card disclosure says the trade doesn’t present credit score or banking companies. The financial institution additionally decides whether or not to approve every software.

Candidates should maintain a HashKey account, reside in Hong Kong and be not less than 18 years previous. The applying begins within the HashKey cell app earlier than redirecting customers to Shanghai Industrial Financial institution’s app. The cardboard additionally lights up throughout contactless funds.

HashKey targets sensible digital asset use

HashKey Alternate Enterprise Group CEO Haiyang Ru stated the partnership seeks to develop regulated digital asset use past buying and selling. He stated the corporate needs to maneuver “past speculative buying and selling” by linking digital belongings with broader monetary companies.

Visa Hong Kong and Macau basic supervisor Paulina Leong stated the businesses goal to attach digital asset companies with acquainted fee strategies. Visa provides the fee community, whereas the financial institution and HashKey handle the cardboard, rewards and buyer accounts beneath their separate regulated roles.

The product follows an October 2025 announcement that Shanghai Industrial Financial institution and HashKey deliberate to develop a co-branded Visa card. The July launch strikes that plan right into a product open for functions by eligible trade members.

Launch joins Asia’s rising crypto rewards card market

HashKey was among the many first exchanges licensed to serve retail crypto clients in Hong Kong. As reported by crypto.information, the platform started licensed retail operations in August 2023 and helps direct financial institution transfers in Hong Kong {dollars} and U.S. {dollars}.

The cardboard arrives as HashKey expands as a publicly listed digital asset firm. In June, its board permitted a share repurchase plan price as much as HK$100 million after its inventory rose from current lows.

Elsewhere, different Asian finance teams have additionally linked 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 HKD-denominated vouchers and select whether or not to make use of them for crypto purchases. That mannequin retains the bank card, reward conversion and trade transaction as separate steps, reasonably than paying cryptocurrency straight at checkout.