Select Petrol Credit Cards | Five ways to choose Credit Cards | Singapore
Credit Cards
by Priyadarshini
5 March 2021
Who doesn’t want good discounts on petrol expenses? Singaporeans are always on the look-out for handsome deals and rebates at Shell or SPC. If you are trying to figure out the best credit cards for petrol in Singapore, then read below. In this blog, we tell you five ways to select petrol credit cards in Singapore.
Brand Loyalty
Average Singaporeans tend to use one brand for all their petrol needs. And that’s the brand loyalty towards petrol brands most people have here. This is one of the five ways to select petrol credit cards, you would like to sign up for. There are plenty of good credit cards for petrol in Singapore.
Other Benefits of the Credit Card
This is what most people do in Singapore. One of the five ways to select petrol credit cards in Singapore is to take a look at the other features and benefits of the credit card. For example, the UOB Delight credit card offers up to a 20.8% discount on petrol expenses at Shell and SPC. Moreover, you also get an 8% rebate for grocery expenditures. Additionally, you have scope for a 3% discount for Singapore Power bills, contactless transactions, and other selected recurring bills. The minimum spend for this credit card stands at $400.
Cheapest Rate after Discount
Another way to select a credit card for petrol is to compare the prices you get for various credit card rebates. You will need to find out which petrol will cost the lowest after applying the discount. Credit discounts on petrol are constantly changing as petrol prices keep fluctuating day in day out. The recent stats show that SPC offers the cheapest petrol prices right now. And to avail of this, we recommend you sign up for the UOB One Card or the Bank of China Zaobao credit card.
Cashback Cap
If you are signing up for a cashback credit card, then always remember to check if it comes along with a cashback cap amount. And if you use your credit card on petrol spends then that will fill up your cashback cap quickly as petrol expenses are more than other commodities. For example, some credit cards have a minimum spend value of $800. So, you need to ensure that if you spend $300 on petrol then we recommend you do not spend more than $500 on other things. As the cashback cap will be only till you meet the minimum spend amount.
Instant Savings
Get one credit card and make all of your major expenditures with that. It is common for many Singaporeans to have one credit card with lots of cashback and other rebates and benefits. This in turn will have high amounts of your expenses and then you qualify for a generous discount at Shell or SPC. For example, the UOB One Credit Card offers you 20.8you’re your monthly expenditures sum up to $2,000 consistently. However, if you like instant savings then you can sign up for the Citi Cash Back Card that offers instant savings of 20.88% at Shell. But there’s a catch, the minimum spend stands pretty high at $888.
