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Best petrol credit cards

Want to earn savings for refuelling your vehicle? Compare and apply for a petrol credit card.

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Jeremy Cabral
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A petrol rewards credit card is designed to help you save on petrol costs and earn you reward points and cash rebates. When choosing the best petrol card for you, consider your preferences and needs as well as the pros and cons of each card. Let’s take a look.

Find a petrol credit card

Name Product Petrol Reward Reward Annual Fee Min Income - Singaporean and PR
Citi PremierMiles Card
Citi PremierMiles Card
up to 14% petrol savings at Shell and Esso stations.
Earn 1.2 Citi Miles for every S$1 spent locally, 2 Citi Miles for every S$1 spent overseas and 4 Citi Miles for every S$1 spent on food delivery & home entertainment.
S$192.60 annual fee
S$30,000
Get 45,000 miles when you spend S$9,000 in the first 3 months. Annual fee applies.
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Citi Rewards Credit Card
Citi Rewards Credit Card
up to 14% petrol savings at Shell and Esso stations.
10X Rewards on eligible online and retail purchases, capped at 10,000 points per statement month.
1X Rewards for other retail purchases.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. T&Cs apply. 30 June 2021
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UOB One Credit Card
UOB One Credit Card
Take advantage of up to 24% off at SPC and up to 20.8% off at Shell when you need to fill up.
Receive S$150 cash credit (for first 100 successful UOB personal credit card applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 31 May 2021.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Receive S$150 cash credit (for first 100 successful UOB personal credit card applications) when you apply for a new credit card and spend at least S$1,500 within 30 days from card approval date. T&C apply. Ends 31 May 2021.
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HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card
21.15% discount at Caltex stations. Ends 31 Aug 2021.
Earn 1 Reward point for every $1 on all spend.
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
New cardholders will be awarded with up to S$200 cashback. S$50 cashback for one qualifying transaction and S$120 cashback upon S$500 minimum spend. Receive an additional S$30 cashback when you apply online with MyInfo via SingPass. Existing HSBC credit cardholders are eligible to receive S$30 cashback. T&Cs apply. Ends 30 June 2021.
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HSBC Revolution Credit Card
HSBC Revolution Credit Card
21.15% discount at Caltex stations. Ends 31 Aug 2021.
Earn up to 10X Reward points or 4 miles per S$1 spent on qualifying purchases.
S$0 annual fee
S$30,000
New cardholders will be awarded with up to S$200 cashback. S$50 cashback for one qualifying transaction and S$120 cashback upon S$500 minimum spend. Receive an additional S$30 cashback when you apply online with MyInfo via SingPass. Existing HSBC credit cardholders are eligible to receive S$30 cashback. T&Cs apply. Ends 30 June 2021.
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Citi Cash Back Card
Citi Cash Back Card
up to 20.88% at Esso and Shell
Get up to 20.88% fuel discounts at Esso and Shell. 6% cashback on dining and 8% cashback on groceries.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply.
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HSBC Advance Credit Card
HSBC Advance Credit Card
up to 21.15% discount at Caltex stations. Ends 31 Aug 2021.
Receive up to S$200 cashback when minimum spend requirements are met.
S$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and S$192.60 thereafter
S$30,000
New cardholders will be awarded with up to S$200 cashback. S$50 cashback for one qualifying transaction and S$120 cashback upon S$500 minimum spend. Receive an additional S$30 cashback when you apply online with MyInfo via SingPass. Existing HSBC credit cardholders are eligible to receive S$30 cashback. T&Cs apply. Ends 30 June 2021.
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American Express True Cashback Card
American Express True Cashback Card
Up to 21% petrol savings at SPC stations
Enjoy cashback on all purchases with no minimum spend or cap. Plus receive up to S$80 CapitaVouchers when a minimum spend of S$500 is made in the first month.
S$0 annual fee for the first 1 year and S$171.20 thereafter
S$30,000
Apply today and get a 3% Cashback bonus when you spend S$5,000 in the first six months.
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Compare up to 4 providers

How do petrol credit cards work?

A petrol credit card works similarly to a conventional credit card, allowing cardholders to earn rewards and/or cash rebates when they put their petrol expenses on the card.

Credit cards that offer petrol discounts are often tied to a type of rewards programme, such as cashback, air miles or reward points. So on top of earning those rewards on eligible spending, you get to enjoy an instant discount with the specified petrol brand partner of the card.

5 factors to consider when choosing the best petrol credit card for you

Petrol credit cards can provide discounts and savings just by purchasing fuel. Keep the following in mind when making your comparison:

  • Which petrol brand do you visit most often? Most credit cards partner up with one or two petrol brands from which you can get a maximum discount. So, if you have a specific brand of petrol you use then you might want to take this into consideration. For example, you may decide the best credit card for Esso petrol is the DBS Esso Card, as it can offer up to 21.2% on fuel savings. But if there’s no Esso garage close to where you live or work, you may prefer the UOB One Card. It offers a potential saving of 24% at SPC, and also gives a competitive rate for Shell (up to 20.8%).
  • What are the direct discounts offered? Petrol card’s discounts scheme can be a little confusing. Banks often publish the maximum discounts you get to enjoy, but it is often less straightforward as we think. For example, when a bank says Card A gives you a maximum of 20% discount when you fill up your tank at Caltex stations, it may include a 15% instant discount which is made up of 10% Caltex membership discount + 5% Card A discount, and an additional 5% rebate you earn on your card with a minimum S$50 spent. So, you may want to choose a card based on the amount of direct discount you get without having to fulfil all the conditions.
  • Is there an additional rewards programme to take advantage of? As mentioned, most petrol credit cards are tied to other rewards programmes, allowing you to enjoy the petrol savings and still earn cash rebates, reward points or air miles. You need to take a look at your lifestyle and spending habit to decide which type of rewards programme will help you get the most out of your monthly spend. Learn about specialist rewards credit cards through our guide.
  • Have you considered the card’s fees and interest rates?
    Interest rates are one of the most important components of a credit card and you should always go for one with a lower rate if you intend to carry a balance. Other fees such as late payment penalties and annual fees also affect the cost of owning a card.
  • How often do you drive?
    A key reason to shop around for the best petrol credit card is if you actually use your vehicle on a regular basis. If you tend to take public transport to work and only use your car on weekends, then perhaps a different reward credit card may work better for you. One example would be the attractive HSBC Advance Card. A petrol credit card only comes in handy if you refuel regularly. Otherwise, your dollar is better spent on another card to accumulate miles or reward points.

Read more about how rewards credit cards work.

Petrol credit cards – pros and cons

Pros

  • Discounts. Any instant discounts on your fuel spend is already money saved, so an opportunity to receive rewards for necessary costs is always a plus.
  • Reduces the cost of running a car. It’s fair to say that driving is seriously expensive in Singapore. Filling up the tank isn’t cheap either, and so you’ll want to make the most of any chance to save.
  • Supplementary cardholders earn rewards. You can often add a cardholder to your account, doubling the number of points you could earn.
  • Extra benefits. Like any other regular credit cards, petrol cards often come with additional features such as a frequent flyer rewards programme, complimentary insurance or cash rebates that could provide you with other benefits.

Cons

  • Petrol Brand membership may be required. The maximum amount of fuel savings you get with your credit card is often tied to the use of the petrol brand’s loyalty programme. This could mean you need to subscribe to their card and pay a membership fee. You will also need to have the card with you when you fill up your tank in order to enjoy the maximum discount.
  • Restrictions. Most petrol credit card providers are partnered with a particular fuel brand. While you may still get petrol discounts with other brands, the percentage you get is significantly lower. Make sure the card is partnered with the petrol station you go to regularly

Bottom line

A petrol credit card can offer you rewards through your weekly fuel expenses. These cards may offer a savings solution for customers who are continually on the road and frequently visit the fuel pump. How can you find the best petrol credit card for you? That will depend on how often you use your credit card for fuel, and the rewards you could earn. Compare your card options with care to find the right based on your circumstances.

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