2022 Guide to the Best Petrol Credit Cards in Singapore: Maximise Fuel Savings
While there is no denying that petrol is not the cheapest in Singapore, it doesn’t mean you have to roll out your wallet for every litre you buy. The best credit card for petrol is your best bet in enjoying exclusive huge discounts and savings.
Due to the conflict involving Russia and Ukraine, the price of petrol is expected to increase even more Moreover, Singapore’s inflation could peak in the coming months.
A dedicated petrol discount in Singapore card can help you save money. But with the sheer number of cards to choose from, picking the best one can be overwhelming. We have gathered our top petrol credit card choices in Singapore to help you see which one suits your needs best.
Here at OMY Singapore, you will discover the following:
What is a Petrol Credit Card?
Everyone agrees that owning a car in Singapore is not cheap. With the average mileage of a 5-year-old car in Singapore being around 52,000 km, thinking about petrol fees can be dizzying. Thus, the best petrol credit cards in Singapore have become so popular in recent years.
Petrol credit cards in Singapore are highly practical since they can be used to pay petrol charges. Some can even be used for other purchases. When you use petrol credit cards to buy fuel, you can also enjoy huge discounts and rewards such as cash rebates.
Read more: Best Cashback Credit Cards in Singapore (2022): No Minimum Spend and No Cap
The Best Petrol Credit Cards in Singapore (2022)
Many petrol credit cards in Singapore give you a huge discount on every litre of fuel you buy. This means that the more fuel spending you have, the bigger discounts you can enjoy.
The best thing about using the best credit card for petrol in SG is that you can get the best of both worlds. Offering discounts and cash rebates, you can save a lot of money on petrol without compromising on the quality of your vehicle.
However, not all petrol credit cards discounts are the same. To be eligible for these petrol credit card discount and rewards, you need to make sure you are using the right card. To help you make the best choice, we’ve rounded up our top picks for the best petrol credit cards in Singapore.
|Petrol Credit Card||Discount|
|DBS Esso||21.6% on Esso|
|OCBC 365||22.1% for Caltex, 20.2% for Esso|
|Citi Bank Cash Back||20.88% for Shell and Esso|
|Maybank World Mastercard||15% for Corporate Fuel Card + 4.85 worth of cash credit|
|UOB One Card||21.14% on Shell, 24% on SPC|
|HSBC Platinum Visa Card||16% discount on Caltex and Shell + 5% cash rebate|
1. DBS Esso
The DBS Esso credit card is one of the top choices of drivers and motorists in Singapore who get their petrol at Esso. This petrol credit card gives you an up to 21.6% fuel discount depending on their current campaign so make sure to watch out for announcements of the Esso credit card.
|Instant fuel discount*||18%||S$39.51|
|Additional savings (for the card member’s account)**||3.6%||S$8|
|Total savings on fuel||21.6%||S$47.51|
|Additional Smiles Savings***||Up to 2.4%|
*Subject to change without prior notice. Need to check here for updates. The 18% instant fuel discount is not applicable for Mobile Wallet payments, such as Apple Pay, Samsung Pay, and Google Pay.
**Terms& Conditions Apply
***Terms& Conditions Apply, please visit: https://www.essosmiles.com.sg/
Moreover, you’ll be rewarded with Smiles savings when you use the DBS Esso credit card
|What you can redeem|
|Fuel purchased at Esso||1 Litre of Synergy fuel = 1 Smiles Point||S$10 worth of Synergy fuel with 300 Smiles Points OR|
|Other retail spends||Every S$10 charged outside of Esso = 1 Smiles Point.||S$30 worth of Synergy fuel with 750 Smiles Points|
Note: Terms & Conditions Apply
Every time you use your DBS Esso credit card, you’ll be given SMILES points which you can redeem to offset your next petrol purchase. The additional S$8 savings with a minimum spend of S$180 at Esso can be enjoyed from 1 May to 31 December 2022.
When you take advantage of the Esso credit card discount, you’ll also be enrolled in Esso’s loyalty program. This allows you to get 0% interest-free vehicle insurance, as well as road tax instalment plans.
|Savings (cash rebate)||Spend requirement|
|S$120 Fuel Savings||Minimum of S$180 nett fuel spending per month (Esso) for 3 months from the card approval date|
|S$50 Fuel Savings||Minimum of S$180 nett fuel spending per month (Esso) for 2 months out of the 3 months card approval date|
2. OCBC 365
For those who get their petrol at Caltex or other local service stations, the OCBC 365 is an incredible choice. This everyday cashback card will reward you for different categories so you can make the most out of your every purchase.
For fuel, you can earn a 5% cashback at other stations aside from Caltex. However, Caltex customers get the most attractive discount at 22.1%, which comprises 18% off on petrol, added with cashback depending on how much your purchase is. So if you want to figure out which credit card is best for petrol in Singapore, the OCBC 365 Caltex card is an awesome choice.
Esso customers also get 20.2% when this best credit card for petrol in SG is used.
One of the best things about this fuel card in Singapore is it also offers discounts on other purchases such as dining, and groceries.
|Expense||Discount (per month)|
|Petrol||5% cashback on all petrol service stations
22.1% fuel savings at Caltex
(including an 18% instant fuel discount)
20.2% fuel savings at Esso
|Utilities (telco, electricity)||3%|
|All other spendings||0.3%|
Keep in mind that to qualify for the cashback of this petrol credit card discount card, the monthly spend should be S$800. If you spend less than S$800, you will only earn a flat 0.3% cashback.
This best credit card for petrol also has a monthly cashback cap of S$80, so consider getting another card once you’ve hit the cap.
If you want more savings, you can get a DBS Esso supplementary card for your loved ones.
3. Citi Cash Back Credit Card
Another petrol credit card you should consider is the Citi Cash Back Credit Card. This card allows you to save up to 20.88% on petrol when you pump at Shell and Esso. Considering this, it offers one the best Esso and Shell petrol credit card discount in Singapore.
Esso customers of this best petrol discount card can enjoy up to 20.88% fuel savings when they use this card, including S$120 cashback.
|Esso station discount||5%|
|Esso Smiles Card discount||5%|
|Citi Card discount||4%|
|Citi Cash Back Card cashback
(Applies after Esso and Citi discount)
|Total Effective Savings||20.88%|
Note: Terms and Conditions Apply
To fully enjoy this best petrol discount card in Singapore, customers must present their physical card for payment at the cashier counter. It is also important to note that Esso will not automatically accord the 4% discount to payments made via mobile or e-wallets including but not limited to
GooglePlay, ApplePay, and SamsungPay at indoor and outdoor Esso Pay at the Pump terminals.
Shell customers can also enjoy 20.88% discount with this card. Here are the details for the Shell petrol credit card discount.
|Shell site discount||5%|
|Shell Escape discount||5%|
|Citi Card discount||4%|
|Citi Cash Back Card Cash Back
(applies after Shell and Citi discount)
|Total Effective Savings||20.88%|
Note: Terms & Conditions Apply
Aside from that, Shell customers can also exchange their points for discounts on fuel purchases.
With this best credit card for petrol in SG, you can also get up to S$300 cash back, with lower minimum spend. Here a complete table of benefits you can enjoy with this fuel card in Singapore.
|Petrol||20.88% for Esso and Shell, 8% for other petrol stations|
|Other retail purchases||0.25%|
|Coverage when you charge travel tickets to the card||Up to S$1 million|
4. Maybank World Mastercard
Another standout when it comes to the best credit card for petrol in Singapore is the Maybank World Mastercard.
This petrol credit card in Singapore provides 4 air miles per dollar purchased and discounts on your petrol purchase.
When you fill-up at petrol stations, you can get 10X TREATS Points. You’ll also receive a 15% petrol credit card discount when you use the Corporate Fuel Card, as well as 4.85% worth of cash credits to offset against your Corporate Fuel Card statement.
The first 4,500 approved first-time applicants of this best petrol card in Singapore can get a get Samsonite Harts 68/25 Spinner, and subsequent applicants will receive a S$100 cash credit. Moreover, the annual fee will automatically be waived for those who go over the total minimum spend of S$24,000 per year.
Below is an illustration on how much benefits you can get from this best petrol card.
|Total Petrol Bill||S$100|
|Upfront Discount from Corporate Fuel Card at 15%||S$4.12|
|TREATS Points Equivalent of Petrol Savings at 4.85% (applies after 15% discount)||S$19.12|
|Total Savings in Percentage (%)||19.1%|
Note: Terms and Conditions Apply. Valid until 29 February 2024.
5. UOB One Card
If you constantly top up your petrol and you’re looking for a Shell petrol credit card discount, the UOB One Card is an awesome choice. With this card, you can enjoy up to 21.15% discounts. This is comprised of a 17% instant discount, and up to 5% cashback.
But before deciding whether or not this best petrol discount card is right for you, it is important to note its minimum spend tiers.
For example, to get the S$300 full 5% rebate, cardholders must spend more than S$2,000 monthly on a minimum of 5 purchases, for three months straight. Considering this, you can’t use this best petrol card in Singapore on a single huge transaction to cover the spending requirement. Rather, you must make separate payments.
For those who are unable to meet this requirement, the rebate will drop to S$100 for purchases S$1,000 to S$1,999, and S$50 for purchases S$500 to S$999.
To give you a clear picture of how you can send with this best petrol card in Singapore, take a look at the table below.
|Example of savings calculation based on S$100 Gross spend on Shell||Cashback|
|Shell Station Discount||S$5.00|
|Shell Escape Card Discount||S$5.00|
|NEW! UOB Card discount||S$7.00|
|Nett Spend (Less Station And Escape Discount)||S$83.00|
|Up to 5% cashback2 with UOB One Credit Card
(based on monthly eligible spend of S$2,000)
|Total Effective Savings (%)||S$21.15|
6. HSBC Platinum Visa Credit Card
If you’re wondering which credit card is best or petrol in Singapore, this is one of the best choices. With this card, consumers can enjoy a 17% immediate price reduction on all grades of petrol and diesel at Caltex. Moreover, they can enjoy up to 5% cash rebate on Caltex which is up to 21.15% in fuel savings. Enjoy also an upfront of 14% discount and up to 18.30 fuel savings.
Furthermore, you can use this card to unlock a 5% cash rebate on your family spending (not only on fuel but also on dining and groceries).
You can get rewarded with additional cashback with your everyday spending using this best petrol discount card. In addition, you can earn 1 Reward point for every dollar spent, making it an ideal credit card for families.
To get the rebates, make sure that you meet a minimum spend of S$600 monthly in the calendar quarter – capped at S$250 per calendar quarter.
Here’s a look at benefits you can get from this best petrol discount card:
|Caltex||17% upfront discount + 5% cash rebate
(Up to 21.15% in fuel savings)*
|Shell||14% upfront discount + 5% cash rebate
(Up to 18.30% in fuel savings)**
*Terms and Conditions Apply. Promo valid from 1 January to 30 June 2022
** Terms and Conditions Apply. Promo valid until 31 December 2022
How to Maximise fuel savings with a Petrol Credit Card
Wondering how you can get the best credit card for petrol in Singapore? Here’s how you can maximise your savings with petrol credit card discount offers and cashbacks.
Fuel consumption is one of the most important factors in maximising your best credit card for petrol.
If you typically buy less than 30 litres per month, it won’t make sense to use some of the best credit card choices for petrol. This is because you may end up paying more for processing fees and fuel surcharges.
If you have a car with high fuel consumption, all fees associated with your petrol credit card will be worth it.
Bonus and Rewards
You should also think about the which credit card is best for petrol in Singapore, especially when it comes to rewards and discounts. Petrol credit cards usually have a common set of rewards such as cash rebates and discounts. But first, you should choose the right card.
For example, if you prefer cash rebates, you should get a card that offers a higher cash rebates program instead of discounts on fuel. Some petrol credit cards also offer instant cash discounts of up to S$120.
Where do you get your petrol? Do you usually shop in the same service station or not? Keep this in mind when choosing the best credit card for petrol.
Make sure you understand the fuel network of the card you are getting. Some cards have a bigger network of service stations, which will increase
the number of places where you can use them. There are also versatile fuel card in Singapore options that offer discounts on dining, shopping, and other purchases.
Petrol credit cards in Singapore are not free. They all charge fees during the sign-up and activation process. In most cases, these fees can be extremely high so you must understand the costs and fees before making your decision.
Some of the other fees you need to pay attention to are service fees, and annual fees. Service fees are charged per transaction. Meanwhile, the fees of petrol credit card options in Singapore are usually charged per card per year.
Compared to the annual cost of petrol, these annual fees are usually insignificant. However, you should note that if you don’t use your petrol credit card for a year, the annual fee you paid may not be worth it.
A Word From OMY
It won’t be long before Singapore is plagued once more by rising petrol prices as a result of Russia’s attack on Ukraine. If you don’t have a petrol credit card yet, consider getting one now.
Without question, a petrol credit card is a must-have since it’s the best way to save money on petrol. Most cards also offer rebates and cashback promos if you spend on other categories such as dining, groceries, and many more. By getting rewards and petrol discount in Singapore, your monthly expenses will be significantly reduced.