Best Petrol Credit Cards 2018

With oil prices on the rise, you may be looking for the best petrol credit card to earn rewards or discounts at petrol stations like Shell, Caltex, Esso and SPC. Because everyone has a slightly different preferences and needs, we have compared 100+ options to come up with the best petrol credit cards most appropriate for different people.

Table of Contents

Cashback on Petrol, Food and Grab Rides: 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
  • 8% cash back on grocery, dining and Grab rides
  • 20% cashback with selected merchants (rotating)
  • Up to 20.88% off on petrol at Esso & up to 25.18% off at Shell
  • Relatively high cashback cap of S$100 a month
  • Promotion: S$120 cash rebate welcome gift
  • Read Our Full Review

Petrol Cashback Card Without Annual Fee: OCBC 365 Credit Card

Consider this if you want to avoid paying an annual fee for a great petrol 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
  • Rebates: up to 6% on dining, 3% on online shopping, groceries and recurring monthly bills
  • Up to 23% off on petrol at Caltex (5% cashback on all other petrol stations)
  • Min annual income: S$30,000 (S$45,000 for foreigners)
  • Promotion: S$50 cashback when you apply for 2 OCBC credit cards online
  • Read Our Full Review

Best Luxury Credit Card for Petrol: Standard Chartered Visa Infinite Card

Consider this if you are a wealthy driver looking for petrol discounts & travel benefits

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000

Standard Chartered Visa Infinite Card is a great high-end card that can help wealthy drivers save on petrol while also enjoying a lot of luxurious travel benefits. For exampoe, while its 1.4 miles awarded for S$1 spent locally is already great, SC Visa Infinite Card provides an extremely high mile rewards of 3 miles per S$1 spent overseas. In terms of petrol, it provides up to 25.07% off at Caltex.

SC Visa Infinte Card also comes with luxurious perks like Hilton HHonor Gold Status, discounts on Grab rides globally and discounts on golf clubs and private jets. For busy business travelers who have the money to spend but not much time for leisure, Standard Chartered Visa Infinite Card could help to squeeze every ounce of happiness and joy out of your time in style.

Highlights

  • Annual fee: S$588.6 and no waiver
  • 1.4 miles and 3 miles for every S$1 spent locally and overseas, respectively.
  • Hilton HHonor Gold status, complimentary VIP lounge access & travel insurance, discounts for golf clubs, yachts and private jets
  • 20% cashback and more on Grab rides globally
  • Up to 25.07% off on petrol at Caltex
  • Promotion: Welcome bonus of 35,000 miles (or 15,000 miles and a Samsonite 28" luggage)
  • Read Our Full Review

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

Consider this if you spend at least S$5,000 per month

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
  • 1.5% unlimited cash back on all your expenditure
  • Foreign exchange transaction fee: 3.5%
  • No minimum spend requirement
  • Up to 24% discount on petrol at Caltex
  • 20% cashback and more on Grab rides globally
  • EZ-Link compatible
  • Promotion: Up to S$100 in cashback for new customers (S$20 for existing customers)
  • Read Our Full Review

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

Best Cash Rebate Card for Moms & Families: 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 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

  • Annual fee: S$192.6, waived for 1 year
  • Rebates: 5% on groceries, 3% on health and beauty expenses, 1% rebate on monthly telco, SP services, cable and broadband bill
  • Up to 20.1% discount on petrol at SPC
  • Promotion: 20% cash rebates on online food delivery and 10% cash rebates on dining (half for existing customers), 10% rebate on ComfortDelgro taxi
  • 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
  • 2 complimentary green fees per month at 79 world-class fairways in 15 countries
  • 10X TREATS points (or 4 miles) per S$1 spent at select retail and dining establishments
  • 19.1% savings on petrol in Singapore (including the 4 miles per S$1 spent on petrol)
  • Up to 20% savings at select SPG Hotel and Resorts restaurants
  • Complimentary VIP Access to JetQuay at Changi Airport
  • Bonus: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble
  • Read Our Full Review

Best Petrol Rewards at Esso: DBS Esso Platinum Credit Card Card

DBS Esso Platinum Card

Consider this if you want maximum savings at Esso petrol stations

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

DBS Esso Card is one of the few credit cards in Singapore that were created in partnership between a bank and a petrol company. As such, it comes with a pretty high level of savings of up to 24% on petrol at all Esso petrol stations in Singapore. This combines 17% instant savings on petrol purchase, a S$30 cashback for minimum of S$180 nett monthly fuel purchase for 3 consecutive months, and another 2.4% savings in Smiles points. Every 300 Smiles Point can be redeemed for S$10 worth of fuel at Esso (or 750 points for S$30 worth of fuel).

Highlights

  • Up to 17% of instant savings on petrol at Esso
  • Esso Smiles Driver Rewards programme: 1 Smiles Point per 1 Litre purchased at Esso or S$10 spent outside of Esso (300 points = S$10 of fuel)
  • S$30 of cashback for those who spend at least S$180 per month on petrol at Esso for 3 consecutive months
  • Promotion: Qualify for 1x chance with every S$50 spent at Esso and 2 chances when you spend the same amount else where to earn S$1,000 worth of fuel
  • Bonus: Get up to S$120 fuel savings with a min of S$200nett fuel spend per month for 3 consecutive months (or S$90 for 2 consecutive months)
  • Read Our Full Review

Rebate & Miles Rewards: HSBC Visa Platinum Credit Card

Consider this if you want to earn rebates and miles on living expenses

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 telecom 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
  • 5% cashback on grocery, cable, internet and mobile bills
  • 2% cashback on dining
  • Up to 18.3% off on petrol at Shell and Caltex
  • Welcome Bonus: A Samsonite Astra 55cm luggage (worth S$350) or S$100 cash back for new customers (S$50 for existing customers)
  • Promotion: Save up to S$10,000 with 1,000 Entertainer 1-for-1 deals
  • Read Our Full Review

Petrol Discounts and Miles on Dining & Entertainment: 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
  • 2 miles on online spend (shopping and travel bookings), dining, and entertainment
  • Up to 16% off on petrol at Caltex & Shell
  • Up to 10% off on travel bookings online
  • Welcome Bonus: A Samsonite Astra 55cm luggage (worth S$350) or S$100 cash back for new customers (S$50 for existing customers)
  • Promotion: Save up to S$10,000 with 1,000 Entertainer 1-for-1 deals
  • Read Our Full Review

Best Miles Card Without Annual Fee: DBS Altitude Visa Card

Consider this if you a good miles credit card with an easily waived annual fee

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

DBS Altitude Card is the best air miles credit card to use if your expenditures are spread evenly across different areas. You can earn 1.2 miles for every S$1 of local expenditure and 2 miles for every S$1 of overseas expense. While other great miles cards in the market offer similar set of rewards, DBS Altitude is unique in waiving its annual fee of S$192.6 for those who spend more than S$2,000 a month (S$25,000). Also, DBS provides other ways of saving even more, like 14% discount on petrol and 3 miles for S$1 spent on online travel bookings (which could increase to up to 10 miles per S$1 spent on certain online booking sites).

Highlights

  • Annual fee: S$192.6, waived when you spend at least S$25,000 a year
  • Option to earn 10,000 bonus miles when paying the annual fee to renew
  • 1.2 miles for S$1 of local spend and 2 miles for overseas spend
  • 3 miles for S$1 spent on online travel bookings
  • Up to 10 miles per S$1 spent on online travel booking sites like Kaligo and Expedia
  • 14% discount on petrol at Esso
  • Complimentary travel insurance: S$1mn in accident & death
  • 2 Complimentary Global Airport Lounge Access visits per year with Priority Pass Membership
  • Promotion: 1 chance to win 2 SIA suites class tickets for every S$500 spend (5x for travel bookings)
  • Read Our Full Review

Best Air Miles Rewards Credit Card: Citi PremierMiles Visa Card

Consider this if you want to earn a good miles rewards card with bonuses

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

This card is one of our favorite travel cards for average consumers. Citi PremierMiles Visa 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. 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 and Singapore Airlines bookings. If you are looking for a card to help you save money on petrol while racking up miles, Citi PremierMiles Visa Card is an excellent candidate for your consideration.

Highlights

  • Annual fee: S$192.6
  • 1.3 miles for S$1 spent locally, 2 miles for S$1 spent overseas
  • Up to 10 miles per S$1 spent on online travel booking sites like Kaligo and Agoda
  • Complimentary travel insurance and Priority Pass Membership for free lounge access
  • Access to Citi Privileges globally
  • 14% off petrol spend at Esso and up to 18.3% off at Shell
  • Promotion: Spend S$7.5k in 3 months and pay annual fee to receive 21,000 miles
  • Bonus:: 10,000 miles when you pay the annual fee and renew
  • Read Our Full Review

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$192.6 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

  • Annual fee: S$192.6, waived for 2 years
  • Rebates: up to 7% on groceries, up to 15% rebate on coffee, 2% on EZ-Reload Auto Top-Ups
  • 14% off petrol at Esso and up to 18.3% off at Shell

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
  • 6% rebate on all eligible online spend, including online shopping, travel bookings and food delivery orders (Requires S$400 of offline spend)
  • 5% rebate on all entertainment expenses on weekends, 3% on weekdays
  • 14% off on petrol at Caltex & Esso stations
  • Promotion: S$50 cashback when you apply for 2 OCBC credit cards online
  • Read Our Full Review

Highest Flat Rate Cashback: UOB One Card

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
  • Flat rate cashback of up to 5% (max S$100/month)
  • Up to 24% discount on petrol at SPC & up to 20.8% at Shell
  • Extra interest income of up to 3.33% on your UOB One Savings account
  • Promotion: S$80 cash credit for new card members
  • Read Our Full Review

Compare the Best Petrol Credit Cards 2018

In case you want a quick look at our picks, here are ValueChampion's best petrol discount credit cards for 2018.

Petrol CardsBest For...Petrol Reward
SC Visa InfiniteWealthy car ownersUp to 25%Learn More
OCBC 365Cashback, annual fee waiverUp to 23%Learn More
Citi Cash BackBest cashback cardUp to 21%Learn More
POSB EverydayFamilies & momsUp to 20.1%Learn More
HSBC Visa PlatinumRebate & miles, fee waiverUp to 18%Learn More
HSBC RevolutionEntertainment miles, fee waiverUp to 16%Learn More
Citibank PMVBest miles cardUp to 14%Learn More
OCBC FrankEntertainment rebate, fee waiverUp to 14%Learn More
Petrol CardsBest For...Petrol Reward
SC Visa InfiniteLearn MoreWealthy car ownersUp to 25%
OCBC 365Learn MoreCashback, annual fee waiverUp to 23%
Citi Cash BackLearn MoreBest cashback cardUp to 21%
POSB EverydayLearn MoreFamilies & momsUp to 20.1%
HSBC Visa PlatinumLearn MoreRebate & miles, fee waiverUp to 18%
HSBC RevolutionLearn MoreEntertainment miles, fee waiverUp to 16%
Citibank PMVLearn MoreBest miles cardUp to 14%
OCBC FrankLearn MoreEntertainment rebate, fee waiverUp to 14%

Compare the 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

*ValueChampion 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 ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Duckju Kang

Duckju is the Senior Vice President of ValueChampion Singapore. He covers the financial services industry, consumer finance products, budgeting, and investing. He previously worked in the financial services industry, including at such hedge funds as Tiger Asia and Cadian Capital.

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