The use of credit cards to pay for petrol in Singapore cannot be overstated.
Credit card companies woo motorists with huge discounts by having special tie-ups with petrol retailers in Singapore. Therefore, even if you are a strong believer of hard cash, having the right credit card may reward you with up to 26.8% in fuel savings. In a high petrol price environment, you want to squeeze every ounce of petrol to cover more mileage. So, why pay more for your fuel?
We have collated the latest list of the best credit cards for petrol discounts that you can get at all petrol stations in Singapore. Psst, you may want to get more than one of these cards.
Summary Of The Best Credit Cards For Petrol Discounts In Singapore
These three cards offer the best discounts at the following petrol retailers.
| OCBC 365 | UOB One | DBS Esso | |
| Caltex | 22.1% | – | – |
| Esso | 20.2% | – | 21.2% |
| Shell | – | 21.15% | – |
| SPC | – | 24% | – |
| Sinopec | 26.8% | – | – |
Here’s a more detailed breakdown of the credit card discounts at each petrol station.
Caltex
Biggest Savings: OCBC 365 Card
You could get a saving of up to 22.1% with the OCBC 365 card on any grade of petrol or diesel at any Caltex kiosk.
The maximum fuel savings of 22.1% is made up of an upfront 18% discount and an additional rebate of 5% after the initial discount. To earn the additional rebate, customers must spend at least $800 in a month, with the maximum cashback per month capped at $80 per month.
If you do not want to go through the hoops of a minimum spend, the OCBC Voyage Cards / OCBC Premier Visa Infinite Credit Card could be another option. These cards provide an instant discount of 19% on your fuel, which is slightly higher than the OCBC 365 Card.
Esso
Biggest Savings: DBS Esso Card
You could get a fuel savings of up to 21.2% when you pump at Esso with the DBS Esso Card.
The maximum fuel savings of 21.2% is made up of an upfront 18% discount and a further 3.2% discount that is awarded to the customer’s card account. The promotion on the additional savings runs from 1 January to 30 April 2022. Cardholders must spend at least $180 per month to receive the additional savings.
Customers will be enrolled into the Esso Smiles Driver Rewards programme (Esso loyalty programme), which gives additional Smiles savings of up to 2.4%, when they purchase 250 litres of Synergy fuel in a month. Cardholders could earn Smiles points on all their card spend till December 2022.
[Sign Up Promo] If you apply for a DBS Esso Card from now till 30 April 2022, you could receive up to $120 cash rebate. To qualify, you must spend a minimum of $180 nett on fuel for all three months from the card approval date.
Read Also: Higher Oil Prices: 10 Ways To Save Money On Your Vehicle’s Petrol Consumption
Shell
Biggest Savings: UOB One Card
You could get a saving of up to 21.15% with the UOB One Card when you pump at any Shell kiosk.
The maximum fuel savings of 21.15% is made up of an upfront discount of 17% and a cash rebate of up to 5%. To qualify for the maximum cash rebate, cardholders must spend $2,000 and have a minimum of 5 purchases each month to receive the quarterly cash rebate of $300.
The HSBC Premier MasterCard offers an alternative to the UOB One Card, if you top-up Shell FuelSave 98 or Shell V-Power. The HSBC Premier card offers similar savings of 21.15%, consisting of an upfront 17% discount and a 5% cashback rebate, capped at $150 per month. To qualify for the cashback, cardholders must spend at least $600 per month on dining, groceries, petrol, and transport both locally and overseas.
[Exclusive For Professional Drivers] Grab drivers can receive up to 26.85% savings on their fuel thanks to the Grab and Shell partnership. The Shell Value Drive discount card combined with the UOB One Card gives professional drivers an upfront rebate of 23% and a further 5% One Card cashback.
SPC
Biggest Savings: UOB One Card
You could get a savings of up to 24% with the UOB One Card on any of the RON 92, 95 and 98 grade of petrol at SPC.
The maximum fuel savings of 24% is made up of an upfront discount of 15%, a UOB card offer, and a UOB One Card rebate of up to 5%.
The UOB Cards Offer of $3 off is applicable only with every $51 nett spend. This offer is valid till 30 June 2022. Separately, to qualify for the UOB One rebate, cardholders must spend $2,000 and have a minimum of 5 purchases each month to receive the maximum quarterly cash rebate of $300.
[Promotion] SPC is running a Fuel Up, Win Big from 7 March to 1 May 2022. SPC members can win up to $128,000 worth of fuel and car servicing with 5 winners announced weekly. Customers who charge a minimum purchase of $50 at SPC to their UOB card will have three times more chances to win.
Sinopec
Biggest Savings: OCBC 365 Card
You could get fuel savings of up to 26.8% with the OCBC 365 card when you fuel up at Sinopec’s Bukit Timah Service Station. Otherwise, you could save up to 24% at either the Yishun or Woodlands Service Station.
The maximum fuel savings are made up of an upfront discount of 23% at the Bukit Timah Service Station or 20% at the Yishun and Woodlands Service Station. Furthermore, cardholders may receive up to 5% in additional rebates after the discount.
To receive the additional 5% rebate on the nett fuel spent, customers must spend at least $800 in a month. The maximum cashback per month is capped at $80. Customers will also receive X points equivalent up to 1.65% of fuel savings based on the fuel price of Sino Power 95 as of 27 August 2020. 90X points is equivalent to $3 worth of fuel. Customers do not need to achieve any minimum spend to receive this.
There you have it. Apply to one or more of these credit cards and save more the next time you fuel up.
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