Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Petrol Credit Cards
Want to earn points for refuelling your vehicle? Compare and apply for a petrol rewards credit card.
Petrol is a necessary weekly expense, and one that you could be earning points on. A petrol rewards credit card is designed to help you save on petrol costs and earn you reward points. To help you decide if a petrol rewards credit card will work for you, here we look at how they work and weigh up the pros and cons.
How do petrol credit cards work?
A petrol credit card works similarly to a conventional credit card, allowing cardholders to earn rewards when they purchase petrol on plastic.
There are two card options to consider:
- Direct earn petrol cards. Direct earn cards allow cardholders to earn cashback and discounts directly from purchasing petrol. They are not linked with any other existing rewards program but are connected to specific petrol retailers.
- Indirect earn petrol cards. These cards reward cardholders for spending on a variety of eligible purchases. Points can then be redeemed for petrol discounts and vouchers. The reward programs for these types of cards also allow cardholders to redeem points for a range of other rewards.
What are the pros and cons of a petrol rewards card?
- Rewards. Any opportunity to receive rewards for necessary costs is a plus. The reward is also instant, with the savings added to your account immediately after your transaction has been approved.
- Additional cardholders earn rewards. You can often add a cardholder to your account, doubling the amount of points you could earn.
- Extra benefits. Credit cards often come with additional features such as a frequent flyer rewards program, complimentary insurance or interest-free days that could provide you with other benefits.
- High fees. Generally, there is a joining fee and ongoing annual membership fee when you sign up for a petrol rewards credit card. Some cards will also charge a service fee every time you fill up. Make sure that the value of the rewards exceeds the cost of the card.
- High interest. Typically, rewards cards expect you to pay your outstanding balance at the end of each month. If this is not possible for you, you could have to pay high interest rate charges on your credit card balance.
- Restrictions. Most petrol credit card providers are partnered with a particular service station. Make sure the card is partnered with the petrol station you usually go to each week.
- Reward card competition. With such a wide range of rewards cards available, the petrol rewards card may not offer as much value compared with the competition. Consider how much you spend on petrol and where you want to see your rewards go.
More guides on Finder
A beginner’s guide to cryptocurrency ETFs
If you’re looking for ways to gain exposure to bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
Bitcoin mining: How does Bitcoin mining work and is it profitable?
Learn more about Bitcoin’s inner workings with the complete guide to Bitcoin mining.
Ethereum (ETH) price prediction 2021
What affects the value of Ethereum (ETH) and how might the price of ETH fluctuate in the year ahead? Find out in this comprehensive guide.
Gemini vs Coinbase
We compare these two large cryptocurrency exchanges to see how their fees, features and customer support stack up.
How to buy Bitcoin in Indonesia
Want to buy Bitcoin but don’t know where to start? This comprehensive guide provides step-by-step instructions on how and where to buy BTC in Indonesia.
How to buy Compound (COMP)
Learn more about the COMP cryptocurrency in this beginner’s and buyer’s guide.
How to buy Balancer (BAL)
Learn more about the BAL cryptocurrency in this beginner’s and buyer’s guide.
How to buy Kava (KAVA)
Learn more about the KAVA cryptocurrency in this beginner’s and buyer’s guide.
Common Bitcoin scams (and how to avoid them)
A comprehensive guide to what you need to know to detect and avoid some of the most common cryptocurrency scams.
Bitcoin (BTC) price prediction 2021
Your guide to the factors affecting Bitcoin’s value and what to look for when forecasting Bitcoin price changes in the weeks and months ahead.