The Best Credit Cards for Petrol

Did you know that credit cards can save you a lot of money? Apart from perks and points, credit cards offer discounts and cashback. Among the advantage that you may enjoy are the petrol rebates and discounts. Depending on your spending patterns and the card you choose, you can rack up the savings as you fill up on petrol in specified petrol stations. If you drive a vehicle, this will apply to you in particular, and it’s definitely worth considering as you choose which card to apply for.

Many credit cards in Singapore offer petrol rebates or discounts, so which one should you go for? To help you decide, we’ve compiled a list of the top credit cards for petrol.

Citi-Cash-Back-Card

– Discounts can amount to 20.88 % at Esso or Shell Stations

– 8% Discount at other stations

– 7.75 % Petrol rebate worldwide

– Minimum spend: S$888 per month

– Cashback for retail, grocery and dining spending worldwide.

– Cap: S$25 per category

– For spend below S$888, you still get a 0.25 % cashback, no cap

– Possible savings: Up to S$209 per year

– Annual fee: S$192.60 per year (S$96.30 per year for supplementary card); waived first year for principal card and up to 2 supplementary cards

– Annual interest rate: 28 %

– Requisite annual income: S$30,000 for Singaporeans, S$ 42,000 for non-Singaporeans

PROS: Offers one of the largest petrol discounts in Singapore. Huge discounts from Esso and Shell, but also offers savings at other stations worldwide.

CONS: High minimum spend and high annual fee.

DBS-Esso-Card

– Up to a 17 % discount at Esso stations

– When used at other petrol stations, it earns 1 Smiles point for every S$10. Smiles points can be used to claim free fuel (a S$30 voucher is 750 Smiles Points)

– Possible savings: Up to $492 per year

– Annual fee: $85.60 ($42.80 for supplementary card); waived first year

– Annual interest rate: 25.90 %

– Requisite annual income: S$30,000 for locals; S$45,000 for non-Singaporeans

PROS: Offers a considerable discount at Esso. No discounts at other stations, but gains Smiles points. Other spend can also be converted into Smiles Points. Automatic enrolment in Esso Smiles Rewards Program. Relatively low annual fee with a waived first year. Also offers an interest-free payment plan for road tax and motor insurance.

CONS: Discounts at Esso only.

HSBC-Visa-Platinum-Credit-Card

– Discounts can amount to 20.2 % at Shell and Caltex

– Minimum Spend: S$800 for all 3 months of a quarter

– Cashback rate: 3 % to 5 % on groceries, dining and selected bill payments.

– Cashback cap: S$120 for a S$800 minimum spend, or S$60 for a S$400 minimum spend (for all 3 months of a quarter).

– Possible savings: S$391 per year

– Annual fee: S$180; waived for the first two years. Following years will be waived, given a yearly minimum spend of S$12,500

– Annual interest rate: 25 %

– Requisite annual income: S$30,000 for locals, S$$40,000 for non-Singaporeans

PROS: Large discount. Waived fee for the first two years, and possibly even the following years depending on your spending. Supplementary cards are complementary, no fee.

CONS: High minimum spend. Discounts at Shell and Caltex only.

UOB-One-Card

– Up to 24 % discount at SPC

– Up to 20 % discount at Shell when used with Shell Escape Card

– Additional 5 % on a minimum spend of S$51 on petrol

– Minimum spend: S$2000 monthly

– Cashback: 5 % on all purchases;

– Possible savings: S$665 per year

– Annual fee: S$192.60 per year, waived first year

– Annual interest rate: 25 %

– Requisite annual income: S$30,000 per year for locals, S$40,000 for non-Singaporeans

PROS: Significant discounts at SPC and Shell. Cashback on other spend, including 10 % SMART$ rebate at selected establishments. First supplementary card is free, with no annual fee; succeeding cards have an annual fee of only S$96.30

CON: Large monthly minimum spend requiring at least 3 separate purchases.

OCBC-365-Credit-Card

– Discount of up to 23.8 % on Platinum 98 or 22.2 % on other petrol at Caltex

– Discount of up to 18.3 % at Esso

– Fuel rebate of 5 % at other petrol stations

– Base cashback: 0.3%

– Additional cashback: S$ 10 monthly for S$ 300 monthly spend on petrol at Caltex

– Minimum spend: S$600 per month (for petrol and non-petrol)

– Cap: S$ 80 per month

– Possible savings: S$391 per year

– Annual fee: S$192.60 (S$96.30 for supplementary card); 2-year waiver

– Annual interest rate: 25.92%

– Requisite annual income: S$30,000 for locals, S$45,000 for non-Singaporeans

PROS: Offers a large discount at Caltex, plus discounts at other stations. Reasonable minimum spend. Annual fee waived for the first two years, for the principal as well as the supplementary card. The principal card fee may also be waived if you spend a minimum of S$10,000 yearly.

CONS: High annual fee.

Standard-Chartered-Visa-Infinite-Credit-Card

– Discount can amount to 25.07 % at Caltex

– Possible savings: S$760 per year

– Annual fee: S$588.50

– Annual interest rate: 24.46 %

– Requisite annual income: S$30,000 (Priority Banking) or S$150,000 (Non-Priority) for Singaporeans; S$60,000 (Priority Banking) or S$150,000 (Non-Priority) for non-Singaporeans

PROS: Offers the largest discount at Caltex. No annual fee for supplementary cards. Comes with other extravagant perks, such as miles for cardholders in the 360 Rewards Program Six, or complimentary use of airport lounge for cardholders in the Priority Pass Lounge Program.

CONS: Discounts at Caltex only. Very high annual fee of S$588.50. Also comes with a very high requisite annual income for non-priority bankers

Standard-Chartered-SingPost-Platinum-Visa-Credit-Card

– Discounts amount to 19.78 % on Platinum 98 at Caltex

– Minimum spend: S$600 monthly

– Cashback: 7 % on online shopping, 2 % on supermarket goods

– Base cashback: 0.2 % if minimum spend is not reached

– 20 % Rebate on Uber rides worldwide

– Annual fee: S$192.60; waived for the first 2 years fee waiver. Fee for the following years may be waived given a yearly minimum spend of S$5,000.

– Annual interest rate: 24.455%

– Requisite annual income: S$30,000 for Singaporeans, S$60,000 for non-Singaporeans

PROS: Reasonable minimum spend. Annual fee may be waived if you spend a minimum of S$5,000 yearly. No fee for supplementary card. Also offers a 20% discount on shipping fees with vPost (under certain terms and conditions)

CONS: Petrol savings at Caltex stations only.

Standard-Chartered-Unlimited-Cashback-Credit-Card

– Discounts can amount to 21.04 % at Caltex

– Possible savings: $591 per year

– Annual fee: S$192.60; two year waiver

– Requisite annual income: S$30,000 for locals, S$60,000 for non-Singaporeans

PROS: Large discount at Caltex. Annual fee is waived for PwC employees. No annual fee for supplementary card. Perks at Swensen’s and Krispy Kreme.

CONS: Petrol savings at Caltex stations only. Top-ups via EZ-Reload using the ARN cost S$50, with an additional S$0.25 convenience fee.

It may be pricey to own and maintain a car in Singapore, but with the right credit card, you can have some significant savings on petrol. Get in touch with a financial adviser you can trust for more advice on credit cards Singapore.

For advice on a personal loan.

For advice on a new home loan.

For refinancing advice.