Best Petrol Credit Cards 2018

Petrol is one of the biggest expenditure categories for Singaporeans. With oil prices starting to rise again, you may be looking for the best petrol credit card to earn rewards or cashback. Below, we have selected the bests petrol cards currently available in Singapore. Because everyone has a slightly different preferences and needs, we have reviewed 100+ options to come up with the best petrol credit cards most appropriate for different people.

Table of Contents

Our Picks For the Petrol Credit Cards in 2018

Below are the best deals in petrol we have found in Singapore. Every card has its own unique set of strengths and weakneses, so you should read our reviews carefully to see which of them best matches for your daily spending habits.

Petrol Cashback Card for Modest Budget: OCBC 365 Credit Card

Consider this if you want to avoid paying an annual fee for a great cashback card

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

OCBC 365 Credit Card helps you save money on a number of categories. First, it's 22.2% discount on petrol at Esso and Caltex is one of the best in Singapore. Then, there is a multitude of benefits like 6% cashback on dining, and 3% on online shopping, groceries and utility bills. This wide range of cashback rewards makes OCBC 365 an ideal card for your everyday use all year around. Not only that, OCBC 365 is actually quite cheap to use because OCBC waives your annual fee if you spend only S$10,000 per year. If you have a modest budget and thought of paying an annual fee is displeasing to you, OCBC 365 card is an excellent choice to enjoy a versatile set of discounts.

Highlights

  • Annual fee: S$192.6, waived for 2 years and subsequently waived for annual spend of only S$10,000
  • Up to 22.2% on petrol
  • Rebates: up to 6% on dining, 3% on online shopping, groceries and recurring monthly bills
  • Read Our Full Review

Best Cashback Card for Singapore Power and Utility Bills: HSBC Visa Platinum Credit Card

Consider this if you want to save on basic necessities like food and monthly utility bills

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

HSBC Visa Platinum card is the best cash back credit card to use for paying Singapore Power and utility bills, with a 5% rebate for these expenditure categories. It's also an excellent choice for a petrol rewards card as it provides a petrol discount of 21% at Shell and Caltex, on par with top offers in Singapore. Besides petrol, What's really unique about this card is that it awards air miles as well as cashback for your expenditures. With 0.4 miles for every S$1 of spend, you can now save money and win miles at the same time. Although its annual fee may seem high, you can easily get it waived by spending S$12,500 or more annually (about S$1,000 monthly). If you are looking for a well-rounded, every day credit card affordable for a moderate budget, we highly recommend that you consider the HSBC Visa Platinum Credit Card.

Highlights

  • Annual fee: S$192.6, waived for 2 years, subsequently waived for an annual spend of at least S$12,500
  • 2% cashback on dining
  • Welcome Bonus: American Tourister Caravan 70cm TSA luggage (worth S$260) + up to 5% cashback on online spends + S$20 cash rebate for supplementary card
  • Read Our Full Review
  • 5% cashback on grocery & utilities like Singapore Power, cable, internet and mobile bills
  • Up to 21% off on petrol at Shell and Caltex
  • Promotion: Save up to S$10,000 with 1,000 Entertainer 1-for-1 deals

Best Cash Back Credit Card: Citi Cash Back Card

Consider this if the biggest portion of your expenditure goes into dining and groceries

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citi Cash Back Card is an ideal card for people who love to save money on their meals. It doesn't matter whether you like to eat at home or dine out. With 8% cashback on grocery, dining and even on Grab rides, Citi Cash Back can help you save money on all of your meals on a daily basis. While it doesn’t cover some other major categories like entertainment, shopping and utility bills, Citi Cash Back’s rebate rates on petrol of 21% at Esso and Shell is on par with the best offers for the category in Singapore. It also has a decently high cap on monthly cashback at S$100. These factors make the Citi Cash Back Card quite valuable in the wallet of the any person looking to save money on their petrol and meals.

Highlights

  • Annual fee: S$192.6, first year waived
  • Up to 20.88% off on petrol at Esso & Shell
  • Promotion: S$120 cash rebate welcome gift
  • 8% cash back on grocery, dining and Grab rides
  • Relatively high cashback cap of S$100 a month
  • Read Our Full Review

No Annual Fee Air Miles Credit Card: HSBC Revolution Card

Consider this if you want to earn miles while splurging on yourself on dining, shopping and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

HSBC Revolution Card is a great air miles card with a versatile rewards program and an accessible annual fee waiver. With 2 miles per S$1 spent on categories like online spending, dining and entertainment, an average consumer who spends S$2,000 on the card monthly could earn more than 50,000 miles on the card over two years. Not only that, HSBC Revolution provides another 16% off on petrol at Caltex & Shell, and 10% off on travel bookings.

Together with the promotional welcome offer of S$180 of cash rebate for new customers, we think HSBC Revolution card can generate approximately S$1,990 of dollar value for its users over 2 years. Though it does charge an annual fee of S$160.5, this fee is waived for the first 2 years for everyone, and subsequently waived for those who maintain an annual expenditure of S$12,500 on the card.

Highlights

  • Annual fee: S$160.5. waived for 2 years, and then waived in subsquently for annual spend of S$12,500
  • 16% off on petrol at Caltex & Shell
  • Welcome Bonus: American Tourister Caravan 70cm TSA luggage (worth S$260) + up to 5% cashback on online spends + S$20 cash rebate for supplementary card
  • Read Our Full Review
  • 2 miles on online spend (shopping and travel bookings), dining, and entertainment
  • Up to 10% off on travel bookings online
  • Promotion: Save up to S$10,000 with 1,000 Entertainer 1-for-1 deals

Best Air Miles Rewards Credit Card: Citi PremierMiles Visa Card

Consider this if you want an all-purpose miles card with high level of bonus awards

Annual Income Requirement S$50,000
Foreigner Income Requirement S$50,000

This card is one of our favorite travel cards for average consumers. Citi PremierMiles Card is relatively affordable to use compared to other miles cards (S$192.6 of annual fee) and comes with a lot of bonuses like 10,000 miles each year when you renew the card and up to another 30,000 bonus miles for spending S$10,000 within the first 3 months. Its benefits include 14% off petrol at Shell & Esso, 1.2 miles for S$1 spent locally and 2 miles for S$1 spent overseas. If you are looking for a card to help you save money on petrol while racking up miles, Citi PremierMiles card is an excellent candidate for your consideration.

Highlights

  • Annual fee: S$192.6
  • 14% off petrol spend at Shell & Esso
  • Promotion: 15,000 when you spend within first 3 months + 15,000 miles when you spend a total of S$10,000 within first 3 months
  • Bonus: 10,000 miles when you pay the annual fee and renew
  • 1.2 miles for S$1 spent locally, 2 miles for S$1 spent overseas, 10x miles for online travel bookings
  • Complimentary travel insurance
  • Read Our Full Review

Best Air Miles Card for Golfers: Maybank World MasterCard Credit Card

Consider this if you want to win complimentary green fees every month

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000

Maybank World MasterCard Credit Card is easily the best credit card in Singapore for golfers. That's because it provides its cardholders complimentary green fees all year around at 79 world-class fairways in 15 different countries, by far the best deal available for golfers in the country. Not only that, it comes with mile and cash back rewards to cover a golfer's every major expenditure area: dining, petrol and travel expenses. Though this card comes with a relatively high annual fee of S$240, it's much cheaper to use than other luxury cards that come with worse golf privileges. Furthermore, Maybank World MasterCard's benefits are more than valuable enough to offset the annual fee for people who golf at least once or twice a month.

Highlights

  • Annual fee: S$240, 1 year waiver
  • 10X TREATS points (or 4 miles) per S$1 spent at select retail and dining establishments
  • Up to 20% savings at select SPG Hotel and Resorts restaurants
  • Bonus: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble
  • 2 complimentary green fees per month at 79 world-class fairways in 15 countries
  • 19.1% savings on petrol in Singapore (including the 4 miles per S$1 spent on petrol)
  • Complimentary VIP Access to JetQuay at Changi Airport
  • Read Our Full Review

Best Cash Rebate Card for Health & Medical Expenses: POSB Everyday Card

Consider this if you have a family to take care of

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

Because of its diverse set of rewards cover a diverse set of expenditure areas like food, transportation, beauty & health and utilities, POSB Everyday Card is great for mothers who spend a lot of money on taking care of their families. POSB Everyday card provides up to 20% of cashback on petrol at SPC, 5% on groceries, 3% off at cosmetics and pharmaceutical needs at Watsons, 3% on medical bills and up to 1% on monthly recurring bills. This card can also even double up as an EZ-Reload card. Lastly, its annual fee is S$192.6 and POSB waivers the first year's fee.

Highlights

  • Rebates: 5% on groceries, 3% on health, beauty and medical expenses, 1% rebate on monthly telco, SP services, cable and broadband bill
  • Promotion: Up to S$100 welcome cash bonus for spending S$500 within first month of approval

Cashback and Petrol Rewards in Malaysia and Singapore: Maybank Family & Friends MasterCard Credit Card

Consider this if you spend a lot of time in both Malaysia and Singapore

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

If you often go back and forth between Singapore and Malaysia and want to consolidate your rewards cards into one, Maybank Family & Friends MasterCard Credit Card might be one of the best cards for you. This unique card offered by Maybank, the biggest bank of Malaysia, provides 8% rebate on petrol, groceries and taxi rides in both Singapore and Malaysia, helping you save money in both countries with just one card. Its low fee of S$80 per year is also easily waived with just S$1,000 of monthly spending on the card. Because it's cheap and easy to use, we think this is an excellent choice for both high spenders and low spenders alike.

Highlights

  • Annual fee: S$80, waived with S$12,000 of annual spend
  • Up to 9.3% rebate on groceries including merchant discount
  • Above rebates apply in both Singapore & Malaysia
  • Read Our Full Review
  • 8% rebate on transportation (taxis, bus and train rides), fast food delivery (i.e. foodpanda), and other retail transactions at special merchant outlets
  • Up to 20.88% savings on petrol including merchant discount
  • Promotion: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble

Petrol, Grocery, EZ-Reload And Coffee: Citibank SMRT Platinum Visa Card

Consider this if you need to save on daily SMRT rides

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citibank SMRT Platinum Visa Card is one of the best grocery cashback cards in Singapore, and it also provides a great way to save money on petrol, among other things. Citibank SMRT card is one of the few cards that conveniently double up as a cashback reward card and an EZ-Link Card, while still offering some of the best rebate rates in Singapore. Its specific benefits include: 7% cashback on grocery, 14% off on petrol at Shell and Esso, 2% rebate on EZ-Reload Auto Top-Ups and up to 15% cashback on coffee. Its annual fee of S$160.5 is also waived for 2 whole years, making the card quite accessible for most people. Citibank is also providing a promotion to new customers with S$120 of cash rebate for new customers who apply online.

Highlights

  • Rebates: up to 7% on groceries, up to 15% rebate on coffee, 2% on EZ-Reload Auto Top-Ups
  • Promotion: S$120 welcome cash rebate

Unlimited Cashback + EZ-Link: Standard Chartered Unlimited Cashback Card

Consider this if you want a very simple and easy-to-use cashback card

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Standard Chartered Unlimited Cashback Card is a flat-rate cashback card great for high-spenders. Unlike UOB One Card, SC Unlimited Cashback Card awards 1.5% of cash rebate on everything. Though this may not sound like a very high number, this card outshines other cards by providing an unlimited amount of cashback as long as you spend. Flat rate cashback cards have an appeal of simplicity. Standard Chartered Unlimited Cashback further simplifies your life by getting rid of the need to track your spending or maximum rebate, while also doubling up as an EZ-Link card. We think this card is especially ideal for high spenders (S$5,000 or more of monthly spending) who want to earn maximum amount of cashback without being hindered by rebate caps. It also comes with a up to 21% rebate on petrol at Caltex.

Highlights

  • Annual fee: S$192.6, 2 Year Waiver for its
  • No cap on cashback or monthly spend requirement
  • Promotion: Up to S$120 in cashback for new customers (S$40 for existing customers)
  • Read Our Full Review
  • 1.5% cashback on everything, up to 21% off on petrol
  • Doubles up as an EZ-Link Card
  • Bonus: 20% discount on Uber fares globally (max S$50 per month)

Petrol, Online Shopping & Entertainment Rewards For No Annual Fee: OCBC Frank Card

Consider this if you want savings on online shopping and entertainment expenses without paying an annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

OCBC Frank card is an almost free to use card armed with great petrol, entertainment and online spend rewards. Its annual fee of S$90, already quite low, is waived for 2 years and subsequently waived as long as you spend at least S$10,000 per year on the card. OCBC Frank card comes with at 14% discount on petrol at Caltex and Esso stations, and caters to everyone's individual aesthetics with 120 unique card designs from which to choose. Other benefits are clearly aimed at indulging oneself, like 6% rebate on online spend and up to 5% rebate on enteratinment expenses. We like OCBC Frank card's combination of low-to-no fee and market leading benefits in entertainment, online shopping and petrol.

Highlights

  • Annual fee: S$80, waived for 2 years and subsequently waived for annual spend of over S$10,000
  • 5% rebate on all entertainment expenses on weekends, 3% on weekdays
  • Read Our Full Review
  • 6% rebate on all eligible online spend, including online shopping, travel bookings and food delivery orders (Requires S$400 of offline spend)
  • 14% off on petrol at Caltex & Esso stations

Highest Flat Rate Cashback: UOB One Card

Consider this if you want a high rebate card and can spend S$2,000 per month consistently

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

Some people prefer to user a flat rate cashback card because its simpler to use than other rewards cards with complex set of award programs and minimum spend requirements. For those people, UOB One Card could be an excellence choice to earn cashback on everything while not giving up on high petrol discounts. UOB One card is offering up to 24% discounts on petrol at Caltex and SPC, which is one of the best we've seen for the category. For everything else, you can earn up to 5% of cash rebate up to S$100 per month. It could be somewhat complicated to use given some of the rules it has imposed, but we think this is an ideal card for those who want to simplify their card collection.

Highlights

  • Annual fee: $192.6, waived 1st year
  • Up to 24% discount on petrol at SPC and Caltex
  • Promotion: Up to S$120 of cash credit for new customers
  • Flat rate cashback of up to 5% (max S$100/month)
  • Extra interest income of up to 3.33% on your UOB One Savings account
  • Read Our Full Review

Summary of Best Petrol Rewards Credit Cards 2017

In case you want a quick look at our picks, here are ValuePenguin's best petrol discount credit cards for 2017.

Petrol CardsPetrol RewardAnnual Fee
UOB One CardUp to 24%S$192.6
OCBC 365 CardUp to 23.9%S$192.6
HSBC Visa Platinum Credit CardUp to 21%S$192.6
Citibank Cashback card VisaUp to 21%S$192.6
POSB Everyday CardUp to 20.1%S$192.6
HSBC Revolution Card16%S$160.5
Citibank PremierMiles Visa Card14%S$192.6
OCBC Frank Credit Card14%S$80

Best Petrol Discount Credit Cards by Dollar Value

To help you find the best petrol discount credit card, we have prepared a chart below organizing petrol credit cards by 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. You should note that the dollar value can heavily depending on your spending habits, so make sure to read through each card's review and see if it fits your monthly budget. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.

A graph displaying how best petrol discount credit cards compare to one another in terms of their rewards
Best Petrol Credit Cards in Singapore By Estimated 2-Year Dollar Value

Footnotes

*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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