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19 Dec 2016 | Text by Desmond Chan, Table by Design Team | Category: Car Ownership Advice

We suss out the four best credit cards that will get you the most discount on petrol at each of the four different petrol stations in Singapore.

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If there is one thing all Singaporeans love, it is a good discount. When it comes to picking a credit card, all of us will certainly look at what perks and benefits the particular card offers, whether it may be discounts on food, shopping, movies, etc. For car owners, petrol rebates will certainly be high on their priority lists. Here, we suss out the five best credit cards for petrol rebates.

1. Citi Cash Back Card

Offering up to 20.88 percent discount on petrol at the two most populous stations in Singapore (Esso and Shell), this is the card that will cover many bases for most drivers. The card offers 14 percent instant discount on petrol (five percent site discount + five percent Smiles discount + four percent Citi Card discount), as well as eight percent Citi cash back on your nett purchase, which amounts to 6.88 percent discount (eight percent of 86 percent). At all other petrol stations, you also receive the eight percent cash back.

Additionally, you get eight percent cash back at all grocery and dining worldwide. Yes, worldwide. All other retail spending is awarded with 0.25 percent cash back. You could make the case that this is the granddaddy of credit cards for motorists. 

2. HSBC Visa Platinum Credit Card

This card offers up to 20.2 percent in savings on petrol at Shell and Caltex petrol stations. At the pump, you get an instant 16 percent discounts (five percent site discount + nine percent HSBC card discount + two percent outdoor fuel payment discount).

Additionally, with a minimum of $800 total spending per month for all three months in a quarter, you receive an additional five percent cash rebate.

This five percent cash rebate also applies to groceries as well as recurring mobile/cable tv/internet bill payments. The card also offers a two percent rebate on all dining (excluding hotel dining).

3. UOB One Card

As part of the UOB Fuel Power program, you get to enjoy up to 24 percent savings at SPC, as well as up to 20.8 percent at Shell.

For SPC, you get a 15 percent instant discount (10 percent SPC&U Card discount + five percent UOB Card discount). You receive an additional five percent UOB Card Offer with a minimum of $51 nett petrol spending. At Shell, you enjoy 10 percent instant discount (five percent site discount + five percent Shell Escape Card discount), as well as a seven percent SMART$ rebate.

Additionally, the UOB One Card also offers a five percent cash rebate on all spending, with a minimum of $2,000 spent monthly for each qualifying quarter with at least three purchases monthly. You can also enjoy up to 10 percent SMART$ rebates at over 900 outlets in Singapore.

4. OCBC 365 Credit Card

At Caltex, you can get up to 23.9 percent savings on Platinum 98 petrol. This consists of 16 percent instant discount (five percent station discount + 11 percent card OCBC card discount), as well as a five percent fuel rebate (with a minimum of $600 total petrol and non-petrol spending) and an additional $10 monthly cashback (with a minimum of $300 nett monthly petrol purchase). On all other grades of petrol and diesel, you can receive up to 22.2 percent savings.

The OCBC 365 card also offers up to 18.3 percent fuel savings at Esso. On top of the 14 percent instant discount (five percent Esso Smiles Card discount + five percent site discount + four percent OCBC card discount), you also get an additional 4.3 percent rebate (equivalent to the OCBC 365 five percent cashback on the nett purchase) when you charge a minimum of $600 to your card each month.

A breakdown on the best credit cards for discounts at the various petrol stations is available on the next page.
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