The invention relates to decolorized ganoderma lucidum polysaccharide extract and a method for preparing hand cream by using the same. The decolorized ganoderma lucidum polysaccharide extract is characterized by being prepared by the following steps: performing refluxing extraction in hot water on ganoderma lucidum fruiting body, precipitating in ethanol, performing suction filtration, drying the precipitate, grinding the precipitate to obtain ganoderma lucidum powder, adding deionized water, uniformly mixing to prepare solution, adding active carbon according to a principle that the mass of the active carbon is 1 to 3 percent based on the total mass of the solution, uniformly mixing by ultrasonic waves, centrifuging at a rotation speed of 4,000 to 10,000r.min<-1>, and collecting supernate to obtain the colorless transparent ganoderma lucidum extract; preparing a water phase by using the extract, propylene glycol, triethanolamine and propylparaben, preparing an oil phase by using mineral oil, lanolin and cetanol, heating the oil phase and water phase respectively till the solutes dissolve, adding the oil phase into the water phase, emulsifying, standing and cooling to prepare the hand cream. When the method is used, the decolorizing rate of the ganoderma lucidum reaches 99.6 percent, the retention rate of the ganoderma lucidum reaches 66.7 percent, and the hand cream prepared by the ganoderma lucidum is pure white, fine and lubricant, has obvious moisturizing effect and gives off natural fragrance of ftillgi.