Petrol
Best Petrol Credit Cards in Singapore 2023
Searching for a generous petrol credit card that offers cashback, discounts, or points during your fill-ups? Drive more affordably and stress less about fuel costs with these top petrol credit cards in Singapore for optimal savings!
Best Credit Card for Caltex
The OCBC 365 credit card delivers substantial benefits as your daily cashback companion, offering attractive rewards based on eligible spending. With this card, you earn a solid 6% cashback on local fuel expenses across all petrol service stations. The standout feature, however, lies in the remarkable fuel savings of up to 22.92% at Caltex, encompassing an 18% fuel discount and 6% cashback based on your spending. Alongside Caltex, you also relish savings of up to 21.04% at Esso stations and up to 26.8% at Sinopec stations.
Best Credit Card for Esso
For the highest petrol cashback rate at Esso without the fuss, opt for the DBS Esso Card. With an 18% instant fuel discount and potential total savings of 21.6%, plus up to 2.4% Smiles savings to offset fuel costs, it's a clear winner. Card sign-up enrols you in Esso's loyalty program, offering benefits like 0% interest motor insurance and road tax instalment plans.
Best Credit Card for Shell
For fueling up at Shell, the UOB One Card is your top choice. It offers potential savings of up to 21.15% on each Shell visit — composed of a 17% instant discount and an additional 5% cashback. This 17% discount comprises a 5% Shell station discount, 5% Shell Escape discount, and 7% UOB One Card instant discount. Keep in mind, that to get the full 5% rebate (up to S$300), UOB One cardholders must spend a minimum of S$2,000 per month (across at least five transactions) for three consecutive months in a quarterly period.
Best Credit Card for Sinopec
OCBC credit cards excel at Sinopec, offering exceptional fuel savings of up to 23%. Despite Sinopec's limited presence in Singapore, consistent time-limited promotions and added OCBC cardholder discounts enhance the deal. All OCBC credit cards secure a baseline petrol discount of 23% (Bukit Timah) and 20% (Yishun and Woodlands). OCBC 365 cardholders enjoy a 6% cashback on contactless payments (min. S$800 monthly).
Best Credit Card for SPC
If you're seeking a versatile card that offers savings on your car's fuel expenses and everyday purchases, the POSB Everyday credit card is your year-round solution. With this card, you can enjoy impressive fuel savings of up to 20.1% at SPC, and there's no requirement for a minimum spend. This discount comprises a 10% SPC&U member discount, an additional 5% discount, and an exclusive 6% cash rebate from the POSB Everyday card (applied to the final amount). Adding to the benefits, you can still secure an extra 2% cash rebate (capped at S$15) when you maintain a minimum monthly spending of S$800.
Petrol loyalty programs in Singapore offer rewards and discounts to frequent fuel buyers. These programs provide benefits like fuel discounts, reward points, exclusive offers, and partnerships with other businesses. Popular examples include Shell Escape, Esso Smiles, and SPC&U. Members can enjoy instant savings, earn points, and redeem rewards through these programs.
CaltexGO Loyalty Programme
Install the CaltexGO app to effortlessly earn loyalty points while making cashless petrol payments. Leave your wallet behind as you refuel.
Esso Smiles Driver Rewards Loyalty Programme
Under the Esso Smiles Driver Rewards programme, motorists can earn one Smile Point per litre of Synergy fuel purchased at Esso stations. Furthermore, they can instantly redeem S$10 worth of fuel with just 300 Smiles Points or S$30 worth with only 750 Smiles Points accumulated.
Shell Escape Loyalty Programme
Grab a Shell Escape Card and sign up to join as a member to earn a maximum of 100 points online. The higher your refuelling frequency, the more points you gather. Later, these points can be exchanged for prizes such as S$10 NEX vouchers and S$20 TANGS gift cards.
Sinopec X Rewards Loyalty Programme
Join Sinopec's X Rewards programme at any kiosk to access the Sinopec X Card. Use it to refuel and earn 1.5 X points per litre of Sino X Power petrol and 1 X point per litre of other petrol. Upon reaching 90 X points, get a S$3 discount, around 1.3% fuel savings (subject to Sino Power 95 petrol price fluctuations). Combine these X Rewards with OCBC credit card discounts to supercharge your fuel savings—an unmissable opportunity.
SPC&U Membership Card
For more budget-friendly fuel costs at SPC, enrolling in the SPC&U membership card is a must. Instead of accruing points, this card provides direct petrol discounts (10% for petrol, 15% for diesel) for immediate savings. The recommended credit card to maximise SPC discounts is the POSB Everyday Card.
Obtaining a credit card for petrol expenses comes with advantages like fuel savings through discounts, cashback, and rewards. These cards offer convenience, loyalty program perks, and budget tracking. They also provide mobile payment options and the chance to combine benefits with your primary card. Choose a card that suits your driving habits and financial goals while practicing responsible usage.
When selecting a credit card specifically for petrol expenses, there are several key factors to consider to ensure you maximise your benefits. Here's what to keep in mind.
Fuel Discounts or Cashback
Look for cards that offer significant fuel discounts or cashback on petrol purchases. Compare the rates across different cards to find the one that offers the best savings.
Fuel Station Partnerships
Check if the card is affiliated with specific petrol stations or networks. Some cards offer better rewards when you refuel at partner stations.
Rewards Structure
Understand the rewards structure of the card. Some cards may offer higher cashback or rewards for petrol spending, while others may provide more generic rewards.
Loyalty Programmes
Some cards are linked to petrol station loyalty programmes, providing additional benefits like points accumulation and exclusive offers.
Additional Petrol or Vehicle-Related Perks
Consider other benefits the card offers, such as discounts on car-related services, access to exclusive promotions, or complimentary car washes.
A credit card tailored for petrol expenses can be valuable for many individuals, especially those who drive regularly and want to save on fuel costs. Here are some types of people who might benefit from a credit card designed specifically for petrol.
Frequent Drivers
Individuals who rely on their vehicles for daily commuting, work, or other activities can benefit from a petrol credit card due to their frequent refuelling needs.
Road Trip Enthusiasts
If you enjoy road trips or long drives, a petrol credit card can lead to substantial savings over time, especially during extended journeys.
Business Fleet Owners
Businesses that manage a fleet of vehicles, such as delivery services or transportation companies, can benefit from the cost savings provided by a petrol credit card.
Loyalty Programme Subscribers
Individuals who appreciate loyalty programmes and rewards can capitalise on petrol credit cards that offer additional benefits and points accumulation.
Frequently Asked Questions For Petrol Credit Cards
Monthly fuel costs in Singapore vary widely based on vehicle type, driving habits, and fuel prices. For a small car averaging 1,000 km monthly at around 15 km/l, costs might range from SGD $120 to $160. A mid-sized car (10 km/l) could be around SGD $180 to $240, while larger vehicles (8 km/l) might be SGD $225 to $300. These are rough estimates subject to fuel price changes.
Not all petrol credit cards have cashback or rewards benefits specifically for fuel purchases. While many do offer such benefits, it's essential to review the card's terms to understand its specific features related to petrol expenses.