With ever-rising petrol prices, we are constantly feeling the pinch of owning a car in Singapore.
Since we are already spending so much on fuel, why not take advantage of credit card rewards? Make the most of your money, and save more the more you spend!
Below, we have sussed out the top 7 credit cards for cashback on petrol spend.
1. UOB One Card
Claiming to be Singapore’s most generous rebate card, the UOB One Card allows you to save up to 20.8% at Shell and up to 24% at SPC. Not only that, you also get to enjoy up to 5% cash rebate on all spendings charged to your UOB One card, awarded per quarter.
2. OCBC 365
Earning you cashback all year round, the OCBC 365 credit card allows for fuel savings of up to 23.9% and 18.3% at Caltex and Esso service stations respectively. 1 litre of fuel purchase at Caltex using this card amounts to 3 LinkPoints in your Plus card. Up to 5% cashback on the nett petrol amount charged to OCBC 365 Credit Card is also awarded.
3. Citibank Cash Back
Offering up to 21.8% discount at Shell and 20.88% at Esso, the Citibank Cash Back Card covers many bases for most drivers as it offers discounts for the two most popular petrol stations in Singapore. The card offers 14% instant discount on petrol, as well as 8% Citi cashback off your nett purchase.
4. HSBC Visa Platinum
The HSBC Visa Platinum card is another excellent choice for a petrol rewards card. Its petrol discount of up to 21% at Shell and Caltex is undoubtedly on par with top offers in Singapore. With this card, you get an instant discount of up to 16% at Shell at Caltex stations, and rebates of up to 5%.
5. POSB Everyday
The POSB Everyday Card allows you to save up to 20.1% on petrol at SPC, and 0.3% at all other petrol stations. Offering a cash rebate of up to 6%, this card is definitely on par with the rest. Furthermore, if you apply for this card online by 31 March 2017, you get to receive up to $160 cashback.
6. Standard Chartered Visa Infinite
Offering up to 24% of fuel savings at Caltex, the Standard Chartered Visa Infinite card is also one of the heavyweights when it comes to petrol savings.
7. DBS Esso
If you regularly patronise Esso petrol stations, you’re in luck. The DBS Esso card allows for 17% instant fuel savings at all Esso stations nationwide. You also get to earn 1 Smiles Point for every litre of Synergy fuel purchased with this card at any Esso station, which allows you to enjoy further instant fuel redemption in the future.
Make full use of your credit card’s cashback benefits
Since most credit cards require a minimum expenditure of $500 to be eligible for cashback, signing up for any of FIV’s membership plans (from SGD499+) with any of the above credit cards will allow you to maximise their cashback benefits instantly. This way, you get to enjoy maximum fuel savings and experience top-notch chauffeur service as well.
To find out more about FIV membership, visit our website here.
What other credit cards would you recommend that’s not on our list? We would love to hear from you!