Soaring fuel costs may well be an irritant, especially if you’re completely dependent on your own transport to commute. Although Singapore has a relatively small area, the average citizens incurs a good amount on fuel expenses. With an aim to ease the mounting costs incurred on fuel, several top banks in Singapore offer excellent savings and discounts on fuel purchases at leading fuel stations across the Island State. The extent of discounts or cashbacks that can be enjoyed depends on the type of credit card offered and the bank offering the card. In cases where cashbacks and discounts cannot be availed on direct purchase of fuel, banks allow you to earn reward points on a wide range of other purchases, allowing you to completely offset the expenses incurred on your next few visits to fuel stations.
Depending on the type of credit card, you can earn cashbacks or reward points on fuel purchases. In some cases, as already mentioned, reward points can be earned on other purchases including shopping and retail. These reward points can be redeemed for discounts on fuel.
Fuel credit cards offer a host of benefits, most of them primarily related to fuel savings and discounts at fuel stations. Here are some notable benefits that you can enjoy if you own one of them.
As such, these cards have more or less the same eligibility criteria compare to other credit cards offered by banks. Eligibility parameters can vary from one card to another, depending on the bank offering the card. Here are a few eligibility parameters.
You can apply for a fuel credit card of your choice by visiting the official website of the bank offering the card or visiting any branch of the bank. You will be required to fill out the application form, providing details such as information pertaining to residence, income, employment, etc. Once done, upload the relevant documents (documents to be submitted depend on your type of employment and citizenship) on the bank’s website, following which an executive from the bank will get in touch with you and help you complete the remainder of your application. Once all these formalities are completed, the bank will process and review your card application and approve it if all in house eligibility parameters are met.
The ANZ Travel Visa Signature Card: The card enables you to enjoy discounts of up to 14% at Caltex stations across Singapore.
The HSBC Visa Platinum Credit Card: The card offers savings of up to 21% on fuel purchases at stations across Singapore.
The UOB One Card: This card lets you earn reward points on fuel purchases and save up to 24% on fuel expenses at popular fuel stations in Singapore.
The OCBC 365 Credit Card: Earn reward points on fuel purchases and get cashbacks and discounts of up to 22% at fuel stations.
The Citibank Visa Cashback Card: Enjoy fuel savings of up to 21% at participating Shell and Caltex fuel stations across Singapore.
The POSB Everyday Card: With the POSB Everyday Card, you can enjoy discounts of up to 20.1% on fuel purchases.
Note: Most of these cards let you enjoy cashbacks and discounts on a certain minimum expenditure. The extent of discounts that can be earned is dependent on the amount spent on purchases. Besides letting you save big on fuel, these cards also provide you with a host of benefits on several other categories of purchases ranging from dining and entertainment to travel and shopping.
Shell Singapore has launched its FuelSave Diesel, a new diesel formulation at a launch on July 12, 2016. This new concoction consists of Active Efficiency Ingredients allowing the diesel to burn and ignite much more effectively compared to any regular diesel. This in turn will produce better combustion within the engine, thereby improving its efficiency.
The new diesel also comprises of detergents that will assure the cleanliness of the diesel injectors by preventing the accumulation of any deposits and improve the condition of the engine for the long run. This FuelSave Diesel will cost the same as its predecessor when it is replaced.
12th July 2016