SINGAPORE — In a city where owning a car is so expensive, finding ways to save on everyday expenses like petrol becomes important.
There are a variety of credit cards available to drivers that offer attractive perks, discounts, and cashback options that can help reduce the cost of filling up your car. Many petrol companies operate in Singapore, including Shell, Esso, and Caltex, and each of these petrol brands has its own loyalty program. Credit card issuers often partner with gas companies to offer perks to drivers.
Which credit card is best for buying petrol in Singapore?
There is no simple answer to what is the best credit card to buy petrol in Singapore. To maximize savings at the gas station, it’s essential that drivers choose a credit card that complements their spending and fueling habits.
Choosing the best credit card for gas depends on the driver’s preferred gas station and whether the cardholder is looking to earn cash back, earn air miles, accumulate reward points, or earn discounts at gas kiosks. It also depends on.
“Petrol prices in Singapore are a complex mix of stations, petrol loyalty programs and bank discounts,” said Aaron Wong, founder of travel blog The MileLion. Wong is an expert at earning air miles and generally prefers them to other forms of credit to his card rewards.
“Even if you ignore the station and gas loyalty aspects and just look at bank discounts, the best cards to use for miles and cashback may not be the ones that offer the highest discounts. For example, there’s little point in earning 5 points. If you could get a 10 percent discount at a gas station just by using your bank B card, you could get a 10 percent discount at a gas station just by using your bank B card. You’ll get 1 percent cash back on your gas bill.
“At least with cashback, you’re comparing percentages. With miles, how do you weigh a 10% discount versus the opportunity to earn, say, 4 miles per dollar spent?”
Here are some credit card benefits offered by gasoline companies. Please note that credit card promotions may change over time.
best credit card for shell gas
1.UOB
UOB One Credit Card offers up to 21.15% discount at Shell Station. This rate is calculated based on 5% upfront Shell station discount, 5% upfront Shell GO+ membership discount, 7% UOB One Card instant discount, and up to 5% additional cashback. To unlock additional cashback, cardholders must spend at least S$2,000 per month and make at least five purchases per month in each qualifying quarter.
2.Citibank
Save up to 20.88% on fuel at Shell stations with the Citi Cash Back Card. This rate is calculated based on 5% Shell Station Discount, 5% Shell GO+ Discount, 4% Citi Card Discount and up to 8% Cash Back (applies after Shell and Citi discounts). To earn 8% cashback, your total eligible retail spend must be S$800 per statement month.
3.HSBC
The benefits offered by the HSBC Premier MasterCard credit card are similar to the UOB One credit card in that it offers up to 21.15% off at Shell stations. The difference is that the discount only applies to the premium fuels Shell V-Power and Shell FuelSave 98. For lower-grade fuels such as Shell FuelSave 95 and Shell FuelSave Diesel, the HSBC Premier Mastercard offers a 14 percent discount compared to 17 percent for higher-grade fuels. Cardholders can also enjoy up to 5% additional cashback on any fuel type, but they must spend a minimum of S$600 in a calendar month to unlock the cashback.
Best credit cards for Esso gas
1. DBS
DBS Esso cardholders can enjoy an 18% prepaid fuel discount at Esso stations. Also, until January 31, 2024, if your net fuel cost with Esso is more than S$180 per calendar month, you will receive an additional discount of S$8. New card users who apply for a DBS Esso card online will enjoy a cash rebate on a minimum spend of S$120. There will be a S$300 fuel charge within the first two months and at least one fuel charge per month from the date the card is approved. The promotion ends on January 31, 2024.
2.OCBC
The OCBC 365 credit card can save you up to 21.04 percent on fuel at Esso. This consists of a 5 percent Esso station discount, a 5 percent Esso Smiles card discount, a 6 percent card discount, and up to 5.04 percent cashback. Card discounts are only available if the payment is made with a physical card and not with a mobile wallet. Cardholders must spend at least S$800 in a calendar month to earn the 5.04% cashback. If you spend less than S$800, you will receive a flat 0.25% cashback instead. The maximum cashback amount is S$160 per calendar month.
3. Citibank
Save up to 20.88% on fuel at Esso stations with the Citi Cash Back Card. This rate is calculated based on 5% Esso station discount, 5% Esso Smiles card discount, 4% card discount and up to 8% cashback (applicable after Esso and Citi discounts). To earn 8% cashback, your total eligible retail spend must be S$800 per statement month.
4. Trust
Save up to 19% at Esso Station with your Trust credit card. This consists of 5% Esso Station Discount, 5% Esso Smiles Card Discount, 5% Card Discount and 3.77% Linkpoints Rebate on Net Transaction Amount when you meet a minimum monthly spend of S$450 will be done. .
Best Credit Cards for SPC Gas
1.POSB
POSB Everyday Card members receive up to a total discount of 20.1 percent, consisting of a 10 percent discount for SPC&U members (5 percent for non-members), a 5 percent POSB Everyday Card discount, and a 6 percent cash rebate. You can enjoy it. Final bill amount after applying any other applicable discounts. This promotion is currently valid until March 31, 2024.
2.UOB
All UOB Visa/MasterCard/UnionPay cards are eligible for up to 20% discount at SPC stations. This consists of 10% discount for SPC&U members (5% for non-members), 5% discount for UOB cards, and S$3 off for every S$51 of net petrol purchases. The S$3 discount will only be applied after all station discounts or coupons have been deducted from the total amount. Current promotional period ends on March 31, 2024.
3. American Express
The American Express card, issued by Singapore’s American Express International Inc., offers discounts of up to 21% at SPC stations. This consists of a 10 percent discount for SPC&U members (5 percent for non-members), a 5 percent discount for American Express cards, and an additional 7.1 percent discount on your final bill.
Gas prices in Singapore are a complex mix of station, petrol loyalty programs and bank discounts.Aaron Wong
Best credit cards for gas from Caltex.
1.HSBC
All HSBC Premier Mastercard or HSBC VISA Platinum Credit Card users receive a 17 per cent upfront discount and a 5 per cent cash rebate on all petrol and diesel grades, resulting in fuel savings of 21.15 per cent. You must spend a minimum of S$600 per calendar month to qualify for the cash rebate.
2.OCBC
OCBC 365 card users receive an 18 percent upfront discount on Techron fuel and an additional 6 percent cashback on net fuel spend, leading to fuel savings of up to 22.92 percent. To earn 6% cashback, you must spend a minimum of S$800 to qualify. Existing OCBC cardholders (either credit or debit cards) who use the CaltexGo app for the first time will enjoy a 25 percent upfront discount promotion on Techron fuel with no minimum spend. Promotion valid until June 30, 2024.
3. Standard Chartered
With the Standard Chartered Simply Cash Card, cardholders receive a 17% discount on Techron fuel prepayments. The card also offers him 1.5% cashback, for a total savings of up to 18.3%. All other Standard Chartered credit and debit cardholders can enjoy a 16 per cent upfront discount on the Platinum 98 with Techron or a 14 per cent upfront discount on other grades of petrol and diesel.
4. Trust
Trust Credit Cardholders receive up to 20.09% fuel savings with Caltex. This consists of a 17 per cent upfront discount, a 0.22 per cent rebate with no minimum spend, and a 3.5 per cent Linkpoints rebate on the net transaction amount, with a minimum card spend of S$350. Additionally, the cardholder can earn 2 Link Points for every liter of Techron fuel he purchases.
Best credit cards for Sinopec gas
Sinopec operates three gas stations in Singapore and appears to have stopped partnering with certain credit cards when offering discounts. Instead, it has devised a unique “X Card” that allows members to accumulate points in exchange for fuel rebates.
Sinopec regularly runs campaigns at some stations. For example, it recently implemented a 23 percent fuel rebate at Woodland Station and Yishun Station from October 6th to 9th. Such campaigns typically offer fuel savings on all grades of gasoline and diesel. This means that for credit cardholders, the choice of which card to use at a Sinopec station will depend on what the cardholder is looking to maximize (either cash back, reward points, air miles, or a combination of reward types). means it depends on.
“I personally support Sinopec because they make things simple. They give everyone a flat discount. But why not build it into the base price? Then you just focus on choosing the card that will earn you the most miles,” Wong opined.
“If you want to earn miles, you need to calculate the value of your miles and consider the trade-off between discount and earning rate. This can determine whether you want a 10% discount or 1.2 mpd The only way. $1) is better than, say, 4mpd with a 5% discount,” Wong said.
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