Best Petrol Credit Cards 2017

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.

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Our Picks For the Petrol Credit Cards in 2017

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.

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

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.

Pros of HSBC Visa Platinum Credit Card

  • 5% cashback on grocery
  • 5% cashback on utilities like cable, internet and mobile bills
  • Up to 21% off on petrol at Shell and Caltex
  • 0.4 miles for every S$1 you spend
  • Promotion: Up to S$160 of cash back welcome bonus for new customers (up to S$90 for existing customers)

Cons of HSBC Visa Platinum Credit Card

  • Only 2% cashback on dining
  • S$800 monthly spend requirement to enjoy full benefit
  • S$120 cap on quarterly cashback (S$40 a month)

Best Cash Back Credit Card: Citi Cash Back Card

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.

Pros of Citi Cash Back Card

  • 8% cash back on grocery, dining & Grab rides
  • Up to 20.88% off on petrol at Esso and Shell, 8% at all other petrol stations
  • Relatively high cashback cap of S$100 a month
  • Promotion: S$120 cash rebate welcome gift

Cons of Citi Cash Back Card

  • High annual fee of S$192.6, first year waived
  • Relatively high monthly minimum spend of $888 to qualify for maximum benefits
  • All other retail expenditures not previously mentioned only receive 0.25% of rebate

Best Cash Rebate Card for Families: POSB Everyday Card

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, up to 9-14% on dining, 3% off at cosmetics and pharmaceutical needs at Watsons 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.

Pros of POSB Everyday Card

  • Up to 20.1% discount on petrol at SPC
  • 5% rebate on groceries at Sheng Siong
  • Dining Rebate: 3% weekdays, 9% weekends and 14% online food delivery (until 30 Sept 2017)
  • 3% cash rebate on Health, Beauty and Personal Care at Watsons
  • Up to 1% rebate on monthly telco, SP services, cable TV and broadband bill (capped at S$1 per month)
  • EZ-Link Auto Top Up
  • Can be used as an ATM card for POSB banking customers
  • Promotion: 5% cash rebate on overseas spend (S$1,000 minimum overseas spend) + 14% dining spend in foreign currencies
  • Bonus: A free return trip to Krabi (in the form of 13,000 AirAsia BIG Points) with a min. spend of S$500 within the first month from card approval date.

Cons of POSB Everyday Card

  • 0.3% rebate on everything not listed above
  • S$700 monthly spend minimum
  • Dining rebate, which is central to its value, may not be ever green

No Annual Fee Air Miles Credit Card: HSBC Revolution Card

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.

Pros of HSBC Revolution Card

  • Annual fee of S$160.5 is waived for 2 years, and then waived in subsequent years for those who spend S$12,500 per year (S$1,042 per month)
  • 2 miles on online spend (shopping and travel bookings), dining, and entertainment
  • 16% off on petrol at Caltex & Shell
  • Up to 10% off on travel bookings online
  • Promotion: Up to S$160 of cash back welcome bonus for new customers (up to S$90 for existing customers)

Cons of HSBC Revolution Card

  • Very low flat award rate of 0.4 miles per S$1 spend on everything outside of online, dining and entertainment
  • Not many other perks to speak of (i.e. lounge access, airport limousine service, etc.)

Best Air Miles Rewards Credit Card: Citi PremierMiles Visa Card

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.

Pros of Citi Premier Miles

  • 1.2 miles for S$1 spent locally, 2 miles for S$1 spent overseas, 10x miles for online travel bookings
  • 14% off petrol spend at Shell & Esso
  • Flexible convertibility to over 60 airlines & 8,000 hotel properties, including Star Alliance, Skyteam, IHG rewards and Hilton HHonors points
  • Promotion: Up to 30,000 bonus miles (15,000 when you apply and spend within first 3 months + 15,000 miles when you spend a total of $10,000 within first 3 months)
  • Bonus: 10,000 miles when you pay the annual fee and renew

Cons of Citi Premier Miles

  • Annual fee: S$192.6, no waiver

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

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.

Pros of Maybank World MasterCard Credit Card

  • 2 complimentary green fees per month at 79 world-class fairways in 15 countries
  • 4 miles (or 10 points) per S$1 spent on petrol and select retail and dining establishments in Singapore
  • 15.1% off on petrol at any stations in Singapore
  • Up to 20% savings at select SPG hotels
  • Complimentary VIP Access to JetQuay lounge at Changi Airport

Cons of Maybank World MasterCard Credit Card

  • S$240 of annual fee, 1 year waiver
  • 0.4 miles (or 1 point) per S$1 spent on everything else
  • Requires S$1,000 of spend in the previous calendar month to qualify for complimentary golf green fees

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

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.

Pros of Citibank SMRT Platinum Visa Card

  • One of the highest grocery rebates of up to 7%
  • Up to 15% rebate on coffee
  • Up to 14% off on petrol at Shell and Esso
  • Doubles up as a EZ-Reload card, with 2% rebate on Auto Top-Ups
  • Annual fee of S$160.5 is waived for 2 years
  • Promotion: S$120 welcome cash rebate

Cons of Citibank SMRT Platinum Visa Card

  • Very low cap of S$280 on SMRT$ rebate annually (S$40 monthly), but no cap on Citi reward points

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

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.

Pros of Maybank Family & Friends MasterCard Credit Card

  • Very low annual fee of S$80, waived with S$12,000 of annual spend
  • Up to 20.88% savings on petrol including merchant discount
  • 8% rebate on transportation (taxis, bus and train rides)
  • Up to 9.3% rebate on groceries including merchant discount
  • 8% rebate on fast food delivery (i.e. foodpanda), and other retail transactions at special merchant outlets
  • Above rebates apply in both Singapore & Malaysia

Cons of Maybank Family & Friends MasterCard Credit Card

  • No mile awards
  • S$600 cap on annual cash rebate
  • Low petrol rebates at 8%

Highest Flat Rate Cashback: UOB One Card

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.

Pros of UOB One Card

  • Flat rate cashback of up to 5%, one of the highest in the market
  • Up to 24% discount on petrol at SPC and Caltex
  • Extra interest income of up to 3.33% on your UOB One Savings account
  • High monthly cap on cashback at S$100
  • Promotion: S$80 of cashback for new customers

Cons of UOB One Card

  • Annual fee of S$192.6, waived for the 1st year
  • High monthly spending requirement of up to S2,000 to qualify for high rewards
  • Rather complicated to use to maximize rebate

Petrol Cashback Card for Modest Budget: OCBC 365 Credit Card

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.

Pros of OCBC 365 Card

  • Annual fee of S$160.5 is waived for 2 years and subsequently waived for annual spend of only S$10,000
  • Up to 6% on dining
  • 3% on online shopping
  • Up to 23.8% on petrol at Caltex (18.3% at Esso, 5% at all other stations)
  • 3% on groceries
  • 3% on recurring utility bills
  • Relatively high monthly cap on cashback of S$80
  • Low minimum monthly spend of S$600 to enjoy full benefits

Cons of OCBC 365 Card

  • Rebates for major categories like Grocery or Dining lag behind peers
  • Relatively high annual fee of S$192.6 if you don’t get the waiver

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

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.

Pros of OCBC Frank Card

  • Low annual fee of S$90, waived for 2 years and subsequently waived for annual spend of over S$10,000
  • 14% off on petrol at Caltex & Esso stations
  • 6% rebate on all eligible online spend, including online shopping, travel bookings and food delivery orders
  • 5% rebate on all entertainment expenses on weekends, 3% on weekdays

Cons of OCBC Frank card

  • Low monthly cap on rebate of S$60
  • 3% cashback on auto top-ups are limited to 2 times

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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