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Complete Guide To The Best Credit Card Petrol Discounts In Singapore

Are you saving up when you’re topping up?

 

There are more than 600,000 cars in Singapore. For motorists, convenience and availability of petrol stations is a huge factor in choosing which petrol company to patronise. Whether you’ve chosen Shell, SPC, Esso or Caltex, just jump to the section of this guide and see how to get the biggest discounts on your petrol purchases.

We’ve highlighted the cards that give the biggest, most direct savings most of us can enjoy. There may be some cards that give marginally better savings, but have requirements like minimum monthly spend of $2,000 consecutively for 3 months.

Read Also: COE Quota Is Cut Again. What Will Happen To Car Prices In Singapore?

 

Shell

Biggest Savings: BOC Zaobao Credit Card

The newly launched BOC Zaobao Credit Card allows you to get up to 30.7% in savings at Shell.

Here’s how it works:

Shell site discount (5%) + Shell Escape Card discount (5%) + BOC cash rebate (23% of amount after Shell discounts) = 30.7%

Regarding this pretty good cash rebate benefit, there are two things you need to note. First, you must accumulate a qualifying minimum spend of at least $600 in that particular calendar month. Second, there is a cap of $80 in cash rebates that each cardholder can receive.

The minimum spend of $600 is pretty reasonable, especially when you compare it with other cards that have a higher minimum spend but give you lesser in cashback/discounts.

 

SPC

Biggest Savings: BOC Zaobao Credit Card

Again, the BOC Zaobao Credit Card makes it to the top. It allows you to get up to 30.7% in savings at SPC. Here’s the math:

SPC&U discount (10%) + BOC cash rebate (23% of amount after SPC discount) = 30.7%

Regarding this pretty good cash rebate benefit, there are two things you need to note. First, you must accumulate a qualifying minimum spend of at least $600 in that particular calendar month. Second, there is a cap of $80 in cash rebates that each cardholder can receive. This means that.

The minimum spend of $600 is pretty reasonable, especially when you compare it with other cards that have a higher minimum spend but give you lesser in cashback/discounts.

 

Esso

Biggest Savings: OCBC Plus! Visa Credit Card

Esso Smiles Card Discount (5%) + Esso Station Site Discount (5%) + OCBC Plus! Credit Card Discount (4%) + OCBC Cash Rebate (4.3%) = 18.3%

The OCBC Plus! Visa Credit Card gives discounts of 18.3%, while earning Smiles points, which allow you to redeem $30 off ESSO petrol with 750 points.

However, there are a few minor hoops to jump through to maximise your savings, such as pumping 250 litres of petrol in that month (for 35% more Smiles points), and qualifying spend of $300 (to qualify for the rebate).

Though this 18.3% savings is on par with the OCBC 365, the OCBC Plus! card edges out due to its smaller minimum spend requirement for the rebate, as well as a 0.2% bonus Link points rebate, which stacks with your spending at NTUC Fairprice, NTUC Unity pharmacy and NTUC Online.

 

Caltex

Biggest Savings: Standard Chartered Visa Infinite Credit Card

The savings of 25.07% is among the highest at Caltex, with very little hoops to jump through.

Upfront discount for Standard Chartered Cards discount for Caltex Platinum 98 fuel (16%) + Standard Chartered rebate (10.8% of remaining amount) = 25.07%

The caveat is that Caltex really likes its customers to use its Caltex Platinum 98 fuel. There is also a minimum spend requirement of $600 in that month. Also worth noting is a total cap of $250 on the rebates cardholders may receive during the promotional period (till the end of the year).

 

What do you use for your petrol purchases? Are there other ‘hacks’ you use to maximise your petrol top-ups? Let us know in the comments below!

Read Also: I Own 5 Credit Cards. Here’s How I Use Each of Them to Maximise My Benefits

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