Best Credit Cards for Petrol 2015

So, which credit cards offer the best discounts on petrol? There are some questions you need to ask yourself. Are you a creature of habit who will only pump petrol with a certain brand or you are a spontaneous person who is not brand conscious and will pump petrol at the nearest petrol station?

Where you pump your petrol will affect which card is right for you as banks usually have tie-ups with one or two brands. The Citibank Dividend Card offers up to 18.3% savings at Esso and Shell while HSBC Visa Platinum Card offers up to 18.3% at Shell and Caltex with minimum monthly spending of $800 for each qualifying quarter. OCBC 365 Card on the other hand requires minimum monthly spending of $600 for the rebates to apply, otherwise only 0.3% cash rebates are awarded. In terms of flexibility, Citibank Dividend Card comes up tops and does not come with a monthly minimum spending requirement. However, to qualify for the rebates, each transaction must be $50 and above, which should be easily met if we are talking about a full tank of fuel.

Car owners typically spend $300 to $400 on petrol each month and credit cards typically offer 5% up to 20% discount / rebate on your petrol spend which can add up to a lot in a year.

Below is a summary of how much savings you can potentially get at the various fuel stations.

	Savings offered at
	Esso	Caltex	Shell	SPC
Citibank	Up to 18.3%	Up to 5%	Up to 18.1%	Up to 5%
HSBC	Up to 5%	Up to 18.3%	Up to 19.2%	Up to 5%
OCBC	Up to 18.3%	Up to 18.3%	Up to 5%	Up to 5%
UOB		Up to 21.7%		Up to 20%

Based on data provided on sgcarmart.com, there are a total of 190 petrol kiosks in Singapore -
Esso (63), Shell (58), SPC (40), Caltex (29)

The Best Credit Cards are:

The Citibank Dividend Card which promises more savings on petrol, groceries and health & beauty / pharmacies spend, dining spend and 0.5% on all other spend. What we like about the card is that it does not have any monthly spending requirements and you can have the flexibility of pumping your petrol at all fuel stations in Singapore and get some form of rebate / discount. However, one thing to note is that all eligible transactions under petrol, groceries, pharmacies and dining spend must be greater than $50, otherwise only 0.5% is awarded. It is an amount that is not too difficult to hit if you pump a full tank each time. The annual award is capped at a maximum of $800 Bonus Dividend Dollars. 

Savings at Esso - up to 18.3%

Esso site discount	Esso Smiles Card discount	Citibank Card discount	Citibank DIVIDEND Card*	Total Savings
5%	5%	4%	5% Cash rebate (on nett purchase)	18.30%

Savings at Shell - up to 18.1%

Shell site discount	Shell Escape discount	Citi Rebate (Applies after Shell discount)	Citibank DIVIDEND Cashback (applies after Shell Discount)	Total Savings
5%	5%	4%	5%	18.10%

Current Promotion
Online Festive Special: Get a $68 Instant Citi Rebate when you apply for two Credit Cards and a Ready Credit account.

Click here to Apply Now and we will direct you to the official card issuer's website.

HSBC Premier MasterCard Credit Card is the card that offers up to 19.16% savings at Shell and up to 18.6% savings at Caltex.

This card is only offered only to HSBC Premier customers. To start an HSBC Premier relationship, a minimum of S$200,000 in deposits, investments and/or insurance is required.

Current Promotion

Be rewarded with up to 15,000 air miles when you sign up for HSBC Premier MasterCard along with supplementary applicant today.

Click here to Apply Now and we will direct you to the official card issuer's website.

Alternatively, the HSBC Visa Platinum Credit Card also allows you to enjoy cash rebates of up to 5% on petrol and also 14% instant petrol discounts at all Caltex and Shell stations, that is up to 18.3% savings. Not forgetting up to 5% cash rebates on groceries and petrol, and up to 2% cash rebates on dining under the Quarterly Cash Rebates Programme with a minimum spending of $800 per month for all 3 months in a quarter. The rebates earned are subject to the conditions below.

 

 

Savings at Shell - up to 19.16%

 

HSBC Card Privileges at all Shell Stations	Instant site discount +	Additional HSBC cash rebates**	Effective savings
	Shell Escape card discount +
	exclusive HSBC instant discount*
HSBC Premier MasterCard® Credit Card	14%	6%#	19.16%
		OR
		3%+	16.58%
HSBC Visa Infinite/HSBC Visa Platinum	14%	5%#	18.30%
		OR
		3%+	16.58%
Other HSBC Credit/Debit Cards	14%	-	14%

* 14% instant discount is applicable for Shell fuel purchase only. 14% discount is calculated based on 5% site discount + 5% Shell Escape discount + 4% HSBC credit/debit cards discount. Excludes non Singapore issued Credit/Debit cards and HSBC Corporate Cards.
# Subject to minimum spend of S$800 per month on anything, anywhere, for all 3 months in a quarter.
+ Subject to minimum spend of S$400 per month on anything, anywhere, for all 3 months in a quarter.
** Rebates are capped at S$60 or S$120 (as the case may be) per Account per Quarter.

HSBC-Shell Escape Programme

With HSBC-Shell Escape programme, earn 1 Shell Escape point for every $5 charged to your HSBC credit cards and get 20% more Shell Escape points when you pump Shell V-power.

Refer to the illustration below to see how you can accelerate your fuel savings with HSBC-Shell Escape Programme:

If you charge S$2,000 (including S$200 at Shell) monthly on your HSBC credit card:

Monthly Spend Amount	Shell Escape points earned
HSBC credit card spend of S$2,000	400 (every S$5 spend = 1 Shell Escape point)
Shell spend of S$200 (earned on your Shell Escape Card)	100* (1L of Shell FuelSave98/95 & Shell Diesel = 1 Shell Escape point)
Total	500         (Approx. S$16 worth of Shell fuel)

Savings at Caltex - up to 18.3%

HSBC Card privileges at all Caltex Stations	Prevailing site discount	HSBC card discount	HSBC cash rebates	Effective savings
HSBC Premier MasterCard® Credit Card/ HSBC Visa Infinite/ HSBC Visa Platinum	5%	9%	5%#	18.30%
			OR
			3%+	16.58
All Other HSBC Credit/Debit Cards	5%	9%	-	14%

^# Subject to a minimum spend of S$800 per month on anything, anywhere, for all 3 months in a quarter.
⁺ Subject to a minimum spend of S$400 per month on anything, anywhere, for all 3 months in a quarter.
 

Current Promotion
 

Receive a welcome gift of a United Colors of Benetton Slash 24" luggage (worth S$319) when you sign up now, plus an additional United Colors of Benetton Slash 20" luggage and a kid's backpack (worth S$348) when you sign up with an additional supplementary card.

Online sign up exclusive:
Enjoy an additional S$20 cash rebate when you apply and submit your supporting documents online.

Click here to Apply Now and we will direct you to the official card issuer's website.

 

OCBC 365 Credit Card is a cashback card which offers up to 18.3% savings at Caltex and Esso and up to 5% at other petrol stations. It also offers rebates on online shopping, dining, groceries and telecommunications with a minimum spend of S$600 based on posted transactions in a calendar month. If you spend less than S$600, a flat 0.3% cashback is awarded. Cashback amount is capped at S$80 per calendar month or $960 per calendar year.

Savings at Caltex - up to 18.3%

Fuel savings of 18.3% at Caltex comprises of :
(i) 14% upfront discount which includes station onsite discount and OCBC 365 Credit Card discount and (ii) 5% cashback on the nett petrol amount charged to OCBC 365 Credit Card.

This promotion is valid till 30 June 2015 at all Caltex service stations in Singapore.

Savings at Esso - up to 18.3%

Please see below for the various types of rebates.

Current Promotion

Apply now and get 2 years of annual fees waived.



Click here to Apply Now and we will direct you to the official card issuer's website.

With the UOB One Card, you can earn up to 3.33 % cash rebate on all spend and an additional 2% cash rebate on overseas spend. Besides that, you can also enjoy up to 20% SMART$ rebate at participating merchants

Simply spend over S$300 a month to get up to 3.33% in cash rebate per quarter to automatically offset your credit card bills! The more you spend, the more cash rebate you will get.

Assuming your UOB One Card Statement date is 15th of every month, a minimum of 3 purchases with a total minimum spend must be posted before the statement date in order for you to earn the quarterly cash rebate.

UOB Fuel Power
UOB Fuel Power is the fuel savings programme by UOB cards.

Savings at Caltex - up to 21.7%
Enjoy generous savings of up to 21.7%* on Caltex Platinum 98 petrol at Caltex with your UOB One Card or up to 20.0% with other UOB Cards.

For even more savings, sign up for a Caltex Thanks! card and earn 1 Thanks! Point with every litre pumped and get S$1 off your next Caltex purchase with just 40 Thanks! Points. Promotion ends 30 June 2015 at all Caltex service stations in Singapore.

Savings at SPC - up to 20%

Now you can enjoy up to 20% off your petrol purchases* at SPC with your UOB and SPC&U Cards. Plus, get another S$10 off instantly with just UNI$600⁺.
For even more savings, sign up for an SPC&U Card and receive it instantly at the station.

• Enjoy an incredible 15% off petrol purchases with your UOB Credit/Debit Card and SPC&U Card.
• Save up to 5% discount in a single transaction for every S$51 charged to your UOB Visa or MasterCard Card.
• Boost your savings with an additional S$10 off instantly with just UNI$600.

• Promotion is valid till 31 Mar 2015.

Click here to Apply Now and we will direct you to the official card issuer's website.

Even though UOB cards offer higher savings at Caltex and SPC, they are subjected to validity periods and tend to be less flexible as no discounts are offered at the other petrol stations.

We hope you have found your most suitable credit card from this post. Please share this with your friends if you find this useful. Thanks and have a great day ahead!