Every spending situation is unique. SingSaver assembles the ‘Best For‘ list, so you can decide what’s best for you.
Nothing beats the kind of savings you get from pumping petrol across the causeway. But having these credit cards at hand should come close to the feeling.
Owning a car in Singapore is already expensive. Your bank balance will thank you if you can keep the maintenance down, with petrol being one of the biggest culprits.
Depending on how often you ply the roads, your monthly spend on petrol would look anywhere between S$150 and S$200, given the average mileage clocked by Singaporeans and the average petrol price per litre. Of course, we’d be looking at a much higher range if you happen to be a private hire driver.
Here, we’ve gathered Singapore’s best petrol credit cards so you can enjoy great fuel discounts and save money for other nice things.
|Petrol station||Best credit card||Total benefits|
|Caltex||OCBC 365 Credit Card||Up to 22.1%|
|Esso||DBS Esso Card||Up to 21.2%|
|Shell||UOB One Card||Up to 21.15%|
|SPC||POSB Everyday Card||Up to 20.1%|
|Sinopec||Maybank World Mastercard||Up to 42.1% off with the Corporate Fuel Card + 4 miles per dollar|
Best for petrol at Caltex: OCBC 365
The OCBC 365 credit card packs a punch with when it comes to being an everyday cashback card, rewarding you attractively per category spend.
Cardholders earn a modest 5% cashback on fuel spend at all petrol service stations locally. Yet, the biggest draw is fuel savings of up to 22.1% at Caltex. It comprises of 18% instant discount on fuel at Caltex and cashback depending on how much you spend. Besides Caltex, you also enjoy up to 20.2% savings at Esso stations.
OCBC 365 is known for its 6% cashback on dining (that includes online food delivery), so drive out to your favourite foodie pitstops and make full use of it. You also earn 3% cash rebate on groceries shopping.
The qualifying monthly spend for cashback is S$800, and there is a cashback cap of S$80 per month across all categories combined. If you tend to spend more than S$800, you may want to consider charging your bills to another card once you’ve hit the cashback cap.
Read our review of the OCBC 365 card here.
Best for petrol at Esso: DBS Esso
If you’re looking for a no-frills card with the highest cashback rate for petrol, look no further than the DBS Esso Card.
The card offers 18% instant fuel discount and additional savings depending on the seasonal promotion. You could be looking at a total of 21.2%, and that’s excluding the earned Smiles points you can redeem to offset the fuel purchase.
When you sign up for the card and use it, you’ll automatically be enrolled into the Esso loyalty program. Drivers, you’ll surely be smiling ear to ear when you know that it gets you 0% interest-free motor insurance and road tax instalment plans—those are just a couple of the benefits.
The downside? The card is really only for drivers who pump exclusively at Esso. Otherwise, it really is a one-trick pony.
Best for petrol at Shell: UOB One Card
The UOB One Card would be best for topping up petrol at Shell. With petrol being one of the main expenses for those who drive, you could potentially enjoy 21.15% savings each time you make a trip to Shell.
This is a welcome update for UOB One-Shell customers. From 1 May 2021, UOB One customers can enjoy 21.15% savings at Shell. This comprises a 17% instant discount and up to 5% cashback UOB One cardmembers can earn on their credit card.
The 17% instant discount is made up of: 5% upfront Shell station discount, 5% upfront Shell Escape discount and 7% UOB One Card instant discount.
But take note of a few terms and conditions and minimum spend tiers. To get the full S$300 rebate for the calendar quarter, you need to spend at least S$2,000 each month in the quarter for three straight months.
And you’ve got to make at least five separate transactions (in other words, spending a bomb on a single item won’t count). If you only spend between S$1,000 and S$1,999, it drops to S$100, and S$50 if you spend S$500 to S$999.
Read our review of the UOB One card here.
Best for petrol at SPC: POSB Everyday Card
If you’re looking for an all-in-one card to save money on your car’s fuel maintenance and double as the daily essentials spender, POSB Everyday credit card is the card to have 365 days a year.
You’ll enjoy up to 20.1% fuel savings at SPC with no minimum spend, which is made up of 10% SPC discount, 5% DBS/POSB discount and a 6% POSB Everyday card exclusive. On top of it, you enjoy 2% cash rebate on car servicing at Speedycare outlets.
Speaking of cash rebates, the savings party continues with 5% on Sheng Siong groceries, 3% at Watsons, and 1% on utilities and StarHub bills.
See what we mean when we said it doubles as your daily essentials card?
Best for petrol at Sinopec: Maybank World Mastercard
If you’re a miles chaser, you’d know that you could use any credit card specialised for contactless payments to earn 4 miles per dollar at petrol stations. However, the Maybank World Mastercard takes this one step further by granting both 4 miles per dollar and discounts on petrol.
With regards to the petrol discounts, you stand to receive up to 19.1% off via the Maybank World Mastercard’s complimentary Corporate Fuel Card. Tack that on to the 20+% instant discount promotion that Sinopec frequently runs across its three petrol stations in Bukit Timah, Woodlands, and Yishun and you have yourself a winner.
The Maybank World Mastercard isn’t a one-trick pony, though. You stand to earn 4 miles per dollar when you dine at Paradise Group, Imperial Treasure, Les Amis Group, and Resorts World Sentosa merchants. If you’re on a shopping spree, Club21 merchants and all The Shilla Duty Free stores at Changi Airport welcome you with 4 miles per dollar too.
Read these next:
5 Best Car Insurance Plans in Singapore (2021)
How Much Does It Truly Cost to Maintain a Car in Singapore?
Buying an Electric Car in Singapore: A Complete Guide
Best Grocery Credit Cards in Singapore (2021)
Best Cashback Credit Cards In Singapore (2021)