• Best Credit Cards in Singapore for Petrol

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    Whether you go to SPC, Shell, Caltex or Esso, the pump price of petrol in Singapore will not drop below S$2. Imagine fueling up your vehicle every other day at these prices, while there are motorists before you who are paying less. What is that? You heard them say “site discount”? There are several credit card offered by banks in Singapore that offer perks on petrol purchases to cardholders which make your fuel spends much more affordable.

    With a petrol credit card, you will enjoy instant site discounts at petrol stations, credit card discounts and earn points for your purchase, all at once and all on the same card. Leading banks in Singapore offer petrol benefits on credit cards to cardholders who spend a lot on petrol purchases. Here are the best credit cards for petrol in Singapore.

    Best Credit Cards for Petrol Purchase in Singapore

    Here are some of the top picks for petrol savings on credit cards offered by leading banks in Singapore:

    1. Citi Cash Back Card

    2. One of the striking benefits of this card is that you are not restricted with your choice of petrol stations to earn cashback on your fuel purchases. This credit card offers cashback as well as savings on your fuel purchases.

      Pros of Citi Cash Back Card:

      • High savings on fuel purchases at Shell and Esso – You can save up to 20.88% on your fuel purchases at Shell and Esso stations. This includes the following discounts:
        • 5% Shell/Esso site discount.
        • 5% Shell Escape Discount/Esso Smiles Card discount.
        • 4% Citibank Card Discount.
        • 8% Citi Cash Back Discount.
      • Cashback across other petrol stations – Apart from Shell and Esso, you will earn 8% cashback at all other petrol stations.
      • No geographical restrictions to earn petrol cashback – Earn cashback at all petrol stations worldwide.

      Cons of Citi Cash Back Card:

      • Minimum spend requirement – You need to spend a minimum of S$888 per statement cycle on retail spends to earn 8% cashback on your fuel purchases. If you fail to meet this requirement, you will earn 0.25% cashback on your petrol spends.
      • Cashback cap is applicable – Your cashback per month is capped at S$25 on your petrol purchases.
    3. UOB One Card

    4. Accelerate your savings when you use your UOB One Card to purchase petrol at Shell and SPC stations.

      Pros of UOB One Card:

      • Fuel savings at SPC – Enjoy savings up to 24% when you spend on fuel at SPC in the following way:
        • 10% discount on SPC & U Card.
        • 5% discount on your UOB Credit Card.
        • Additional 5% discount on UOB Card per S$51 nett spent on fuel.
        • UOB One Card Rebate of 5% on S$2,000 spend per month in a qualifying quarter.
      • Fuel savings at Shell – Enjoy savings up to 20.8% on your fuel purchases at Shell in the following way:
        • S$5 discount at Shell Station.
        • S$5 discount on your Shell Escape Card.
        • UOB One Card SMART$ Rebate of 7% (S$6.30).
        • UOB One Card additional rebate of 5% (S$4.50) on S$2,000 spend per month in a qualifying quarter.
        • Total savings of S$20.8 or 20.8%.

      Cons of UOB One Card:

      • Cash rebate conditions – You need to spend S$2,000 every month for 3 consecutive months of the qualifying quarter to earn 5% Rebate on your UOB One Card. If you spend between S$500 and S$1,000, you will get 3.33% cash rebate. Plus you need to make at least 3 purchases per month to qualify.
      • Minimum spend required – Minimum fuel spend of S$60 per transaction is required to earn cash rebate at SPC and Shell.
    5. OCBC 365 Credit Card

    6. Maximize your fuel savings at Caltex and Esso plus earn cashback at all other fuel stations.

      Pros of OCBC 365 Credit Card:

      • Fuel savings at Caltex – Enjoy fuel savings up to 23.8% at Caltex in the following way:
        • Onsite discount of 16% when you purchase Platinum 98 with Techron. Onsite discount of 14% when you purchase other fuels.
        • Up to 6% cashback on your total fuel spend.
        • 2.8% rebate or S$10 on minimum spend of S$300 nett at Caltex every month.
      • Fuel savings at Esso - Enjoy fuel savings up to 18.5% at Esso in the following way:
        • 5% discount on your Esso Smiles Card.
        • 5% site discount at Esso station.
        • 4% OCBC Credit Card discount.
        • 4.3% cash rebate (5% cashback) on your OCBC Credit Card.
        • Up to 2.8% savings on using your Esso Smiles Points.

      Cons of OCBC 365 Credit Card:

      • Minimum spend requirement – To earn 6% cashback at Caltex and 5% cashback at Esso, you need to spend a minimum amount of S$600 per month.
      • Cashback cap – You will receive a maximum cashback of S$80 per month.
      • Caltex onsite discount – You will only get 16% discount on the purchase of Platinum 98 with Techron which is the most expensive fuel (S$2.440) whereas other petrol purchases start at S$2.050.
    7. HSBC Visa Platinum Credit Card

    8. Enjoy instant petrol discounts at Shell and Caltex as well as cashback on your purchases.

      Pros of HSBC Visa Platinum Credit Card:

      • Instant discount at Shell and Caltex – Enjoy instant discount of 16% at Shell and Caltex stations.
      • Cashback – Get up to 5% cashback in addition to the instant discount earned at Shell and Caltex on your fuel purchases.

      Cons of HSBC Visa Platinum Credit Card:

      • Cashback earning potential – You will earn 3% cashback on a minimum spend of S$400 every month of the calendar quarter. You will earn 5% cashback on a minimum spend of S$800 every month of the calendar quarter.
      • Cashback cap – You will earn a maximum cashback of S$60 per quarter on every account.
    9. Maybank Family & Friends Card

    10. This credit card goes beyond just offering petrol rebates to taking care of all your transport needs.

      Pros of the Maybank Family & Friends Card:

      • Petrol benefits – Enjoy cash rebate of 8% on all your petrol purchases across stations in Singapore and Malaysia.
      • Transport benefits – On days that you cannot or don’t want to take your vehicle out, use your Maybank Credit Card to simply Tap and Ride on buses and trains. These purchases will also earn 8% cash rebate.

      Cons of the Maybank Family & Friends Card:

      • Minimum spend requirement – You need to spend a minimum amount of S$1,000 per month to earn 8% cash rebate. Otherwise, you will earn a flat cash rebate of 0.3%.
      • Cash rebate cap – Your 8% cash rebate is capped at S$600 per calendar year. Upon reaching this cap, you will continue to earn cash rebate on the 0.3% base rate.

    Compare and Review best petrol credit cards in Singapore

    Here’s a preview of what you’ll earn, how much you’ll earn and how much you need to spend to maximize the benefits on your petrol credit card:

    Credit Card

    Savings

    Earning Limit

    Minimum Spend Required

    Other Perks

    Citi Cashback Card

    Fuel savings up to 20.88% at Esso and Shell stations worldwide.

    8% cashback at all other petrol stations worldwide.

    S$75 per quarter

    S$888

    8% cashback on groceries, dining and Grab rides.

    Complimentary travel insurance.

    SmartDrive Motor Insurance benefits.

    Additional Citi Rebate up to 10% at more than 300 merchants.

    UOB One Card

    Fuel savings up to 24% at SPC.

    Fuel savings up to 20.8% at Shell.

    S$50 per quarter on minimum spend of S$500.

    S$100 per quarter on minimum spend of S$1,000.

    S$300 per quarter on minimum spend of S$2,000.

    S$500

    Up to 5% cash rebate on all purchases.

    Extra 10% SMART$ Rebates at more than 400 merchants.

    Deposit interest rate of up to 3.33% p.a. on opening a UOB One Account.

    OCBC 365 Credit Card

    6% cashback at Caltex (23.8% savings).

    5% cashback at all other petrol stations including 18.3% savings at Esso.

    S$240 per quarter.

    S$600

    Up to 6% cashback on dining.

    3% cashback on online shopping.

    3% cashback across all supermarkets in Singapore.

    3% cashback on telecommunication.

    0.3% cashback on all other expenses.

    HSBC Visa Platinum Credit Card

    Instant discount of 16% at Shell and Caltex stations.

    Additional cash rebate up to 5% on fuel purchases.

    S$60 per quarter.

    3% cash rebate on minimum spend of S$400 per month.

    5% cash rebate on minimum spend of S$800 per month.

    Cash rebate of 5% on recurring bills.

    Cash rebate up to 5% at supermarkets and grocery stores in Singapore.

    Cash rebate up to 2% on dining in Singapore.

    Enrolment into HSBC Rewards Programme where you will earn 1 Rewards Point per S$1 spent.

    Maybank Family & Friends Card

    8% cashback at petrol stations in Singapore and Malaysia.

    8% cashback on bus and train rides.

    S$150 per quarter

    S$1,000

    8% cash rebate on grocery (select merchants) in Singapore and Malaysia.

    8% cash rebate on select fast food delivery outlets.

    8% cash rebate on select Learning and Retail outlets.

    8% cash rebate on select Leisure and Attractions merchant outlets.

    8% cash rebate on select Health and Wellness outlets.

    How to Choose the Best Credit Card for Petrol Rebate in Singapore

    The decision to choose the best petrol credit card for you will depend on where you purchase fuel and how much you spend per month on fuel purchases:

    • Many credit cards offer maximum fuel savings at select petrol stations in Singapore such as Shell, Caltex, Esso, SPC, etc. So if you fuel up at particular stations due to convenience or any other reason, consider a credit card that offers maximum savings and perks at those brands.
    • If you travel all over Singapore and stop to refuel at different stations, then choose a credit card that offers cashback, cash rebate or rewards at ALL stations regardless of brands.
    • If you frequently travel overseas and use your own transport, then choose a credit card that offers cashback, cash rebate or rewards worldwide so you don’t lose petrol perks outside Singapore.
    • Compare the savings with the annual fees that you pay for your card and calculate if you’re actually making a profit at the end of the year.
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