Are you tired of spending a fortune on petrol every month? Have you considered using a petrol credit card to help you save on fuel costs? In Singapore, there are many petrol credit cards available that can help you save money on petrol purchases. These cards offer a range of benefits, including cashback, rewards points, and discounts on petrol purchases at different petrol stations across Singapore.
With so many options available, it can be overwhelming to choose the best petrol credit card for your needs. That’s why we’ve put together a list of the best petrol credit cards in Singapore for 2024. Our list takes into account factors such as fuel savings, benefits, and rewards programs, to help you find the best petrol credit card for your needs. Whether you’re a frequent driver or an occasional one, our list has something for everyone. So, read on to discover the best petrol credit cards in Singapore and start saving on your fuel expenses today!
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Short on time? Here’s a quick breakdown of the best petrol credit cards in Singapore for savings and rewards:
- High Earners: For the most savings on petrol, consider cards like the DBS Esso Card (up to 21.6% savings at Esso) or the UOB One Card (up to 21.15% savings at Shell).
- Cashback Enthusiasts: If cashback is your priority, the Citi Cash Back Card offers up to 8% cashback on petrol at various stations.
- Universal Spenders: Cards like the OCBC 365 Card (up to 22.92% savings at Caltex) provide good cashback on petrol alongside rewards for groceries and dining.
Remember, consider your driving habits and spending style before choosing a card. Read the fine print to understand annual fees, minimum spend requirements, and reward limitations.
Understanding Petrol Credit Cards
If you’re a driver in Singapore, you’re probably aware of the high petrol prices. Fortunately, petrol credit cards offer a solution to help you save money on fuel costs. In this section, we’ll explain how petrol credit cards work and the types of fuel savings they offer.
How Petrol Credit Cards Work
Petrol credit cards work like regular credit cards, but with added fuel-related benefits. When you use your petrol credit card to pay for fuel, you’ll earn rewards, cashback, or discounts on your fuel purchases. These rewards are typically in the form of loyalty points that can be redeemed for fuel vouchers or other rewards.
Some petrol credit cards also offer additional benefits such as free car washes, free parking, and discounts on car rentals. To get the most out of your petrol credit card, it’s important to choose one that offers benefits that match your lifestyle and driving habits.
Types of Fuel Savings
Petrol credit cards offer a variety of fuel savings, including discounts, cashback, and rewards. Here are some common types of fuel savings:
- Discounts: Petrol credit cards may offer discounts on fuel purchases at specific petrol stations. For example, the Caltex Platinum Visa Card offers up to 24% discount on petrol purchases at Caltex stations.
- Cashback: Some petrol credit cards offer cashback on fuel purchases. For example, the HSBC Visa Platinum Credit Card offers up to 5% cashback on petrol purchases at any petrol station.
- Rewards: Petrol credit cards may offer rewards points that can be redeemed for fuel vouchers or other rewards. For example, the DBS Esso Card offers 1 Smiles Point for every litre of petrol purchased at Esso stations.
It’s important to compare the benefits of different petrol credit cards to find the one that offers the best fuel savings for your needs. Keep in mind that some petrol credit cards may have annual fees or minimum spending requirements, so make sure to read the terms and conditions carefully before applying.
Top Petrol Credit Cards Reviewed
If you’re looking for the best petrol credit cards in Singapore, you’ve come to the right place. Here are our top picks for credit cards that offer cash rebates and rewards when you fill up at petrol stations.
OCBC 365 Credit Card
The OCBC 365 Credit Card is a popular choice for those who want to save on petrol. With this card, you can get up to 23% fuel savings at Caltex and Esso petrol stations. You can also enjoy up to 6% cash rebates on dining, online shopping, and groceries. The annual fee for this card is S$192.60, but it is waived for the first two years.
POSB Everyday Card
The POSB Everyday Card is another great option for petrol savings. You can get up to 20.1% fuel savings at SPC petrol stations with this card. You can also earn up to 8% cash rebates on groceries, dining, and transport. The annual fee for this card is S$192.60, but it is waived for the first year.
Citi Cash Back Card
The Citi Cash Back Card is a good choice if you want to earn cash rebates on your petrol purchases. You can get up to 8% cashback on petrol at Esso and Shell petrol stations. You can also earn cash rebates on dining, groceries, and Grab rides. The annual fee for this card is S$192.60, but it is waived for the first year.
UOB One Card
The UOB One Card is a versatile card that offers cash rebates on a variety of purchases, including petrol. You can get up to 24% fuel savings at Shell petrol stations with this card. You can also earn cash rebates on groceries, dining, and online shopping. The annual fee for this card is S$192.60, but it is waived for the first year.
Maybank World Mastercard
The Maybank World Mastercard is a premium credit card that offers cash rebates on petrol purchases. You can get up to 20.8% fuel savings at Caltex petrol stations with this card. You can also earn cash rebates on dining, shopping, and travel. The annual fee for this card is S$240, but it is waived for the first year.
Maximising Rewards and Cashback
Strategies for Maximising Benefits
When it comes to maximising the benefits of your petrol credit card, it’s crucial to understand the rewards and cashback offers available. Look for cards that offer high cashback rates on petrol spending and other exclusive offers such as discounts on car maintenance services or car washes. By using your card for everyday expenses like groceries and dining, you can also earn additional rewards points that can be redeemed for fuel vouchers or other perks.
Consider the minimum spend tiers required to unlock the full cashback benefits and ensure it aligns with your spending habits. Some cards may have varying cashback rates depending on the amount spent, so it’s essential to be aware of these terms and conditions.
Understanding the Fine Print
Before applying for a petrol credit card, carefully review the terms and conditions to understand the fine print. Pay attention to any restrictions or exclusions that could impact your ability to earn rewards or cashback. Additionally, be aware of any expiry dates on rewards points or cashback offers to ensure you make the most of your benefits.
By staying informed about the details of your petrol credit card’s rewards, cashback rates, and exclusive offers, you can make the most of your card and enjoy significant savings on your fuel expenses.
Tip: Unlock Extra Rewards with Multi-Card Strategy!
Boost your savings even further by adopting a multi-card strategy! Consider pairing two or more of these top petrol credit cards to maximize your benefits. Use one card exclusively for petrol purchases, optimizing cash rebates and discounts offered by different stations.
Simultaneously, designate another card for dining, groceries, and online shopping to amplify your overall rewards. By strategically leveraging the strengths of each card, you can enhance your savings and earn more cash back across various categories.
Partnership Programmes and Additional Perks
If you’re looking for a petrol credit card, you’re probably interested in more than just fuel discounts. Many petrol credit cards offer partnership programmes and additional perks that can help you save even more money. Here are some of the most popular partnership programmes and additional perks offered by petrol credit cards in Singapore.
Fuel Brand Partnerships
Some petrol credit cards have partnerships with specific fuel brands, which means you can get even bigger discounts when you fill up at those stations. For example, the DBS Esso Card offers up to 21% fuel savings at Esso stations, while the UOB One Card offers up to 20.8% fuel savings at Shell stations.
Loyalty Programmes and Points
Many petrol credit cards also offer loyalty programmes and points that can be redeemed for fuel or other rewards. For example, the Citi Cash Back Card offers 8% cashback on petrol purchases at all petrol stations, and 20.88% fuel savings at Esso and Shell stations, as well as up to 10% Citi Rebate on your total petrol spend when you charge a minimum of S$800 per statement cycle. The HSBC Visa Platinum Card offers up to 21.4% fuel savings at Caltex stations, and up to 5% cashback on all petrol spend, with no minimum spend required.
Other petrol credit cards offer loyalty programmes that allow you to earn points for every dollar you spend on petrol, which can then be redeemed for fuel or other rewards. For example, the OCBC 365 Credit Card offers 3% cashback on petrol purchases at all petrol stations, as well as up to 18.3% fuel savings at Caltex stations, and up to 16% fuel savings at Esso stations. The Maybank Family & Friends Card offers up to 8% cashback on petrol purchases at all petrol stations, as well as up to 20.88% fuel savings at Esso and Shell stations.
Additional Cardholder Benefits
Apart from fuel savings and cashback, many petrol credit cards in Singapore offer additional benefits that can make your driving and spending experience more rewarding. Here are some of the most common benefits that you can enjoy with petrol credit cards:
Travel and Insurance Perks
Some petrol credit cards offer travel insurance coverage when you charge your air tickets to the card. This can save you money on travel insurance premiums and provide peace of mind when you travel. In addition, you may also be entitled to other travel perks such as free airport lounge access, complimentary travel insurance, and discounts on car rentals.
Dining and Grocery Rewards
Many petrol credit cards also offer rewards for dining and grocery spending. For example, you may earn cashback or reward points when you dine at selected restaurants or purchase groceries at participating supermarkets. This can help you save money on your daily expenses and earn rewards at the same time.
Here are some examples of dining and grocery rewards offered by petrol credit cards in Singapore:
- HSBC Visa Platinum Credit Card offers up to 5% cashback on dining, groceries, and fuel spend.
- OCBC 365 Credit Card offers 6% cashback on dining and online food delivery, 3% cashback on groceries, and 5% cashback on fuel spend.
- Citi Cash Back Card offers up to 8% cashback on dining, groceries, and petrol spend.
By taking advantage of these additional benefits, you can maximise the value of your petrol credit card and enjoy more savings and rewards.
Eligibility and Application Tips
Income and Credit Requirements
To be eligible for a petrol credit card in Singapore, you must meet certain income and credit requirements. Most petrol credit cards require a minimum annual income of S$30,000, but some may require a higher income. Additionally, you must have a good credit score to be approved for a petrol credit card.
Before applying for a petrol credit card, make sure you meet the income and credit requirements. If you don’t meet the requirements, your application may be rejected, and this could negatively impact your credit score.
How to Apply Successfully
When applying for a petrol credit card, it’s important to read and understand the terms and conditions carefully. This will help you avoid any surprises or hidden fees later on.
To apply for a petrol credit card, you can visit the bank’s website or visit a branch in person. Make sure you have all the required documents, such as your NRIC, income documents, and proof of address.
It’s important to note that applying for too many credit cards at once can negatively impact your credit score. Therefore, it’s recommended that you only apply for one petrol credit card at a time.
Lifestyle Considerations for Card Selection
When choosing a petrol credit card, it’s important to consider your lifestyle, as different cards offer different benefits that may suit your needs. Here are some things to consider when selecting a card.
For the Private Hire Driver
If you’re a private hire driver, you’ll want to look for a card that offers cashback or rewards for petrol purchases. Cards that offer cashback or rewards for other expenses, such as dining or shopping, may not be as useful for you. You may also want to consider a card that offers additional perks, such as travel insurance or discounts on car maintenance.
For the Frequent Traveller
If you frequently travel long distances by car, you’ll want to look for a card that offers rewards for high mileage. Some cards offer higher cashback or rewards for petrol purchases above a certain amount, which can be useful if you’re driving long distances. You may also want to consider a card that offers travel insurance, as this can provide peace of mind when you’re on the road.
When selecting a card, it’s important to read the terms and conditions carefully to ensure that you understand the benefits and limitations of the card. Some cards may have restrictions on the types of petrol stations where you can earn rewards, or may have caps on the amount of cashback or rewards you can earn. By doing your research and selecting a card that aligns with your lifestyle and needs, you can maximise the benefits of your petrol credit card.
Frequently Asked Questions
What are the top fuel credit cards offering incredible petrol discounts in Singapore?
If you are looking for the best fuel credit cards in Singapore, you will be pleased to know that there are several options to choose from. Some of the top fuel credit cards that offer incredible petrol discounts in Singapore include the DBS Esso Card, the Citi Cash Back Card, and the Standard Chartered Unlimited Cashback Credit Card. These cards offer cashback, discounts, or points during your fill-ups, helping you save money on petrol costs.
How can I maximise my savings at petrol stations with a credit card?
To maximise your savings at petrol stations with a credit card, it is important to choose a card that offers the best rewards for fuel purchases. You should also look for cards that offer specific discounts for petrol stations that you frequently visit. Additionally, make sure to keep an eye out for promotions and deals that can help you save even more money on your petrol expenses.
Which credit card provides the best rewards for fuel purchases?
The credit card that provides the best rewards for fuel purchases will depend on your personal preferences and spending habits. However, some of the top credit cards that offer great rewards for fuel purchases include the DBS Esso Card, the Citi Cash Back Card, and the Standard Chartered Unlimited Cashback Credit Card. These cards offer cashback, discounts, or points during your fill-ups, helping you save money on petrol costs.
Are there any credit cards that offer specific discounts for Shell petrol?
Yes, there are several credit cards that offer specific discounts for Shell petrol. Some of the top credit cards that offer discounts for Shell petrol include the Citi Cash Back Card, the DBS Esso Card, and the Standard Chartered Unlimited Cashback Credit Card. These cards offer cashback, discounts, or points during your fill-ups, helping you save money on Shell petrol costs.
What are the benefits of using a DBS Esso Card for my vehicle’s petrol?
The DBS Esso Card is one of the best credit cards for petrol in Singapore, offering up to 21% fuel savings at Esso petrol stations. With this card, you can also enjoy discounts at other petrol stations, as well as discounts on car washes and other services. Additionally, the card offers cashback on other purchases, making it a great all-around credit card for those looking to save money.
How do I choose the most suitable credit card for petrol rebates?
To choose the most suitable credit card for petrol rebates, it is important to consider your personal preferences and spending habits. Look for cards that offer the best rewards for fuel purchases, as well as specific discounts for petrol stations that you frequently visit. Additionally, make sure to read the terms and conditions of each card carefully to ensure that you fully understand the benefits and limitations of each card.
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