Best Petrol Credit Cards by Banks in Singapore

While Singapore may be a relatively small island, petrol prices aren’t very cheap. With more people opting for public transport, it becomes necessary to justify the price paid towards not just the car, but also the petrol that goes into it. Credit cards have come a long way since their inception and nowadays, given the large competition amongst credit card issuers, catering to the expenses and lifestyle of a cardholder is a common strategy. From women to frequent flyers, from keen savers to the elite spenders, there’s a credit card for everyone and it comes as no surprise that there are credit cards aimed at those who spend considerable amounts on fuel. Most of these credit cards are not marketed as petrol cards but rather daily use cards. Their goal is to cater to the common everyday expenses and petrol being one such expense, is also taken into consideration. The best credit cards for fuel expenses in Singapore are as follows.

OCBC 365 Credit Card

Card Benefits

This card is aptly named as it offers cashback year long. The minimum spend requirement to avail cashback is quite low at S$600 a month. The card offers cashback on almost every type of expense including 6% cashback on weekend dining, 3% on weekday dining, 3% on groceries, online shopping, and recurring telco bills. The petrol savings one can get from this card is one major cause for its popularity. The card provides savings of up to 23.9% when used at select petrol stations and a cashback of 8% when used at any other petrol station.

Eligibility Criteria

The card has an annual fee waiver of two years post which the card charges a fee of S$192.60 for the primary card and S$96.30 for the supplementary card. The card requires a minimum annual income of S$30,000 for Singaporean nationals or permanent residents and S$45,000 for foreign applicants.

Citi Cashback Card

Card Benefits

The Citi Cashback card is among the top contenders for best cashback credit card in Singapore. It offers a high rate of cashback on grocery expenses and dining expenses incurred anywhere in the world, at 8%. The petrol benefits of the card include savings of up to 20.88% at Esso fuel stations, savings of 20.8% at Shell petrol stations and a cashback of 8% on petrol expenses incurred at any other station. The cashback provided on dining, groceries, and petrol is 0.25% and the additional 7.75% is awarded when the minimum spend charged to the card in a calendar month is above S$888. The 7.75% cashback awarded on petrol, dining, and groceries is capped at S$25 per month.

Eligibility Criteria

The card has an annual fee waiver of one year for the primary card and two supplementary cards post which, the card charges a fee of S$192.60 for the primary card and S$96.30 for the supplementary card. The card requires a minimum annual income of S$30,000 for Singaporean nationals or permanent residents and S$42,000 for foreign applicants.

HSBC Visa Platinum Card

Card Benefits

The card provides a cash rebate of 5% on recurring mobile bills, cable TV bills and internet bills. The card offers cash rebates on dining and grocery expenses as well. Petrol expenses, in addition to cash rebates, are also awarded instant discounts. When the card is charged with a minimum amount of S$400 every month for all 3 months in a calendar quarter, the card provides a cash rebate of 3% on petrol and up to 16% instant discount. If the card is charged with S$800 or more every month for all 3 months in a calendar quarter, the cash rebate provided is 5% for petrol and an instant discount of up to 16%.

Eligibility Criteria

The card has an annual fee waiver of two years for the primary card and a lifetime waiver on the supplementary card. Subsequent annual fees of the primary card is S$192.60. The card requires a minimum annual income of S$30,000 for Singaporean nationals or permanent residents and S$40,000 for foreign applicants.