To get around, a lot of Singaporeans rely on their personal automobiles, which means that gasoline costs can add up to a sizable chunk of the monthly budget. Fortunately, many credit cards in Singapore come with cash back benefits or discounts on gas purchases. Yet, it can be difficult to figure out which credit card provides the best gas discounts and cashback incentives, as there are so many to choose from. This post will compare and contrast the top credit cards in Singapore that offer rebates and discounts on gas purchases. We’ll go through the essentials of each credit card, including how to apply and whether or not you’ll be approved for a certain card. You may optimize the benefits of using a credit card for gas purchases by familiarizing yourself with the options available and weighing the advantages of each card.
Understanding Petrol Credit Cards
Discounts or cash back benefits can be earned when using a fuel credit card at gas stations that accept it. Saving money on gas is just one perk of using one of these credit cards, which also come with perks like lower repair and food bills. You should learn about the best petrol credit card 2022 available before deciding on the ideal one for your needs.
Benefits of Using Petrol Credit Cards
With a fuel credit card in Singapore, you can enjoy perks like these:
Savings on gas can be gained by using one of the many credit cards that offer rebates on gas purchases.
It is possible to earn rewards points or cash back on fuel purchases with certain credit cards that provide cashback rewards programs.
Extras: Some gasoline credit cards provide extras like discounts on auto repairs, purchases, and meals, allowing cardholders to stretch their dollar further.
Best Credit Cards for Petrol Discounts and Cashback
The following are some of the finest credit cards in Singapore in terms of cashback and savings on gasoline purchases:
Citi Cash Back Card: The Citi Cash Back Card gives a payback bonus of up to 8% on gasoline purchases made in Singapore at selected gas stations. This card is a versatile cashback card because it offers rewards on a variety of purchases, including dining out, grocery shopping, and other expenditures.
HSBC Visa Platinum Credit Card: The HSBC Visa Platinum Credit Card allows cardholders to save up to 21% on purchases of gasoline made at Caltex gas stations in Singapore. In addition, you can save money on dining out, shopping, and other expenses by using this card.
UOB One Card: The UOB One Card provides discounts on gasoline purchases of up to 24% at Shell and Esso service stations located in Singapore. In addition to this, the card gives cashback returns on other types of expenses, such as those incurred for groceries and utilities.
OCBC 365 Credit Card: The OCBC 365 Credit Card provides discounts on fuel purchases of up to 23% at Caltex gas stations in Singapore. In addition, the card comes with cashback incentives for dining out, shopping, and other types of spending.
Eligibility and Application Process
The qualifying restrictions as well as the application process for gasoline credit cards can be different from one issuer to the next. Credit cards are typically made available to persons who are able to fulfill specific standards regarding their income and credit score. You will need to enter information such as your name, address, income, and employment data in order to apply for a credit card that may be used at gas stations. It is possible that you will also be requested to supply financial information, such as your credit score and the ratio of your debts to your income.
Comparison of Best Petrol Credit Cards in Singapore
To help you choose the best petrol credit card for your needs, here is a comparison of the key features and benefits of the best petrol credit cards in Singapore:
- Citi Cash Back Card
Up to 8% cashback on petrol purchases
Cashback on dining, groceries, and other expenses
No minimum spend requirement
Annual fee waiver for the first year
- HSBC Visa Platinum Credit Card
Up to 21
% savings on petrol purchases at Caltex petrol stations
Discounts on dining, shopping, and other expenses
No minimum spend requirement
Annual fee waiver for the first year
- UOB One Card
Up to 24% petrol savings at Shell and Esso petrol stations
Cashback rewards on other expenses, such as groceries and utilities
Minimum spend requirement of SGD 500 per month
Annual fee waiver for the first year
- OCBC 365 Credit Card
Up to 23% fuel savings at Caltex petrol stations
Cashback rewards on dining, groceries, and other expenses
Minimum spend requirement of SGD 800 per month
Annual fee waiver for the first two years
Tips for Choosing the Best Petrol Credit Card
Here are some guidelines to help you select the most suitable gasoline credit card:
- Think about how much you spend on gas each month so you can pick the best petrol credit card for your needs.
- If you frequently fill up your tank at a gas station, it may be worthwhile to see if your credit card company has a partnership with that station to provide you with savings or cash back.
- Think about some more perks: Think about the other perks that gas credit cards may provide, such money off at restaurants and stores.
- You can get the most bang for your buck by comparing the fees and interest rates of various gasoline credit cards to choose the one that best suits your needs.
- Before applying for a gas credit card, you should first make sure you meet the minimum standards listed on the issuer’s website.
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Conclusion
In conclusion, using a credit card to buy gas in Singapore can net you substantial savings and cash-back incentives, which can be used to offset the high price of this commodity. Some of the greatest credit cards in Singapore to use for gas savings and cash back benefits are the Citi Cash Back Card, the HSBC Visa Platinum Credit Card, the UOB One Card, and the OCBC 365 Credit Card. With so many alternatives, it’s important to find the credit card that best suits your needs by comparing the many perks, such as cash back rewards, travel rewards, and discounts at restaurants and stores. The best credit card for you will depend on how much you spend on gas each month, which gas stations accept the card, what other perks you’d like, how much you’re willing to pay in annual fees and interest, and whether or not you meet the card’s other eligibility restrictions. You may optimize the benefits of using a credit card for gas purchases by following these tips and selecting the ideal credit card for your circumstances. Credit cards vary widely in terms of features, rewards, and eligibility conditions, so it’s important to shop around and choose one that works for your unique situation.
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