Best Petrol Credit Card for Caltex Petrol Discounts in Singapore – Which Credit Card is Best?
Okay, we’ll be honest, Caltex isn’t exactly the most popular petrol brand in Singapore, as their petrol is on the pricey side. But they make up for it by linking up with some of the best petrol credit cards in Singapore that offer unusually generous discounts.
Here are our top picks for the best Caltex petrol credit cards in the land.
|Standard Chartered Visa Infinite Card||OCBC 365 Card||MANHATTAN World MasterCard|
|Card and Caltex loyalty card discounts||11%||11%||11%|
|Card rebate (applies after all discounts)||10.8%||5% (min. spend $800/mth) |
+$10 ($300 nett fuel spend/mth)
|5% + |
3% MANHATTAN cashback (min. spend $3,000)
Best for total savings– Standard Chartered Visa Infinite Card
- Up to 25.07% effective fuel savings at Caltex (16% onsite discount on Caltex Platinum 98 petrol + 10.80% rebate on nett transaction) till 30 Jun 2017
No, your eyes are not deceiving you. The Standard Chartered Visa Infinite Card gets you up to 25.07% off petrol at Caltex. That’s pretty sweet, considering petrol credit cards in Singapore that get you over 20% off are already considered good ones.
The catch? Actually, there are two.
The second is that the 25.07% offer is only eligible for Platinum 98 with Techron at Caltex. This is Caltex’s most expensive type of fuel available, and your total savings will be a max of 23.29% if you prefer to pump the cheaper 92 or 95-octane fuel. (This applies to all the other credit cards with which Caltex has tie-ups, by the way.)
Finally, you will have to spend at least $600 a month to enjoy the maximum rebates. But given that this card is fairly versatile, that shouldn’t be a problem.
If you fit the above profile, you will enjoy, in addition to the usual 5% station discount and 11% Plus! loyalty card discount, a generous 10.8% rebate on the remaining price at the end of the month if you’ve satisfied the minimum spending amount.
That brings your total savings to 25.07%.
Savings on $200 worth of 98-octane petrol:
|Station and loyalty card discount||16%||16%|
|$200 worth of 98-octane petrol||$168||$168|
|Cash rebate (applies after all discounts)||10.8% ($18.14)||0%|
|Maximum petrol savings||25.07%||16%|
Savings on $200 worth of 95-octane petrol:
|Station and loyalty card discount||14%||14%|
|$200 worth of 95-octane petrol||$172||$172|
|Cash rebate (applies after all discounts)||10.8% ($18.58)||0%|
|Maximum petrol savings||23.29%||16%|
If you don’t meet the annual income requirement of $150,000, you can consider the Standard Chartered Unlimited Cashback Card, which gives you 21.4% in savings at Caltex petrol station.
Best for high petrol consumption – OCBC 365 Credit Card
- Up to 23% discount at Caltex: 16% upfront discount on Platinum 98 with Techron® Caltex + 4.2% cashback with min. S$800 spend + 2.8% cashback with min. S$300 nett fuel spend.
- Up to 20.4% discount at Esso: 14% upfront discount + 4.3% cashback with min. S$800 spend + 2.1% cashback with min. S$200 nett fuel spend.
- 5% cashback on fuel spend at all petrol service stations locally and overseas
No matter how high a discount a Caltex petrol credit card gives you, it’s useless if you’re pumping so much petrol that you hit the cashback ceiling.
The OCBC 365 is an excellent option for people who consume huge amounts of petrol every month, like Grab/Uber drivers and real estate agents. Their cashback cap is $80 a month, and the card gets up to 23% off your petrol.
Here’s how the card works. You receive a 16% station and loyalty card discount if you’re pumping 98-octane petrol, or 14% if you’re pumping 95-octane or 92-octane petrol. When you pay with your OCBC 365 Credit Card, you’ll receive an extra 5% off at the counter.
At the end of the month, you’ll receive 5% cashback on the amount charged on petrol together with your account statement if you manage to meet the minimum spending requirements for the month.
The minimum spending requirement is $800 a month, but if you’re spending so much on petrol you’re that you need such a high cashback cap, meeting it should not be a problem.
What’s more, you’ll also receive $10 rebate per month if you have spent a minimum of $300 nett at Caltex within a Calendar month. (You don’t need to meet the minimum spending requirement of $800 a month to qualify for this.)
This card’s greatest strength is the fact that it’s not just an excellent Caltex petrol credit card, it’s also a great all-round cashback card. You can also use the card for other stuff, such as dining, groceries, online shopping and telco bills, all of which will get you 3% cashback. Everyday dining gets you 6% cashback.
Savings on petrol depending on your expenditure and petrol consumption:
|$400 worth of 98-octane petrol||$100 worth of 98-octane petrol||$400 worth of 95-octane petrol||$100 worth of 95-octane petrol||$100 worth of 95-octane petrol|
|Station/Loyalty card discount||16%||16%||14%||14%||14%|
|Monthly expenditure||Over $800||Over $800||Over $800||Over $800||Under $800|
|$400 worth of petrol||$336||$84||$344||$86||$86|
|5% of cash rebate on nett petrol spend||$16.80||$4.2||$17.20||$4.3||–|
|Extra cashback for hitting $300 nett spend on fuel||$10||–||$10||–||–|
Best for other benefits – Standard Chartered MANHATTAN World Mastercard
- Up to 22.3% effective fuel savings at Caltex (16% onsite discount on Caltex Platinum 98 petrol + 4.50% card rebate + up to 3% MANHATTAN cashback) till 30 Jun 2017
The promotion under which the Stanchart Visa Infinite Card gets you such a good discount is also extended to the Stanchart Manhattan World MasterCard. The promotion ends 31 Dec 2020.
Overall, the Manhattan Card also gets you a pretty sweet discount. Other than the 16% (for 98-octane fuel) or 14% (for other fuel types) station/Plus! loyalty card discounts, you also get a 5% rebate on your petrol spending when your statement arrives if you spend at least $600 in a month, as well as another 3% MANHATTAN cashback if you spend at least $3,000 in a month. If you spend under $3,000 but at least $1,000, you get 1% MANHATTAN cashback. Spend less than $1,000 and your MANHATTAN cashback falls to 0.5%. The maximum rebate you can receive is 22.6%.
Cashback tiers for the Standard Chartered MANHATTAN World Mastercard
|Monthly expenditure||Cashback||Cashback cap per quarter|
|Below $1000||0.50%||Capped at $200|
|$1000 to $2999.99||1%||Capped at $200|
|$3,000 and above||3%||Capped at $200|
While this card may not look as generous at the Stanchart Visa Infinite Card we reviewed above, the main advantage is that if you meet the minimum spending requirements, you can get MANHATTAN cashback on all your spending. So if you have decided to make this your main card, you can use your petrol spending to help you hit the monthly spending requirements.
Savings on petrol depending on your expenditure and petrol consumption:
|$200 worth of 98-octane petrol||$200 worth of 98-octane petrol||$200 worth of 95-octane petrol||$200 worth of 95-octane petrol|
|Station/Loyalty card discount||16% ($32)||16% ($32)||14% ($28)||14% ($28)|
|Total monthly expenditure charged to credit card||$3,000+||$1,200||$700||$300|
|Nett fuel spend||$168||$168||$172||$172|
|Cash rebate||5% ($8.40)||5% ($8.40)||5% ($8.60)||–|
|MANHATTAN rebate||3% ($5.04)||1% ($1.68)||0.5% ($0.86)||0.5% ($0.86)|
Other cards with Caltex discounts
Of course, besides the above mentioned credit cards, there are other cards from the same banks that offer discounts for Caltex petrol too. If you’re curious, you might want to check out other cards from Standard Chartered, HSBC, and OCBC. Especially if you’re planning to take advantage of your expenditure for benefits like dining privileges or travel discounts.
Do you pump petrol at Caltex? Do you have any other tips and tricks we might have missed out? Let us know.
Image credit: Daniel Go via Flickr