Best Petrol Credit Card for SPC Petrol Discounts in Singapore 2020

Best Credit Card for SPC Petrol Station

So the closest petrol station to your home is SPC, and you’re looking for the best SPC petrol credit card in Singapore, but everyone just keeps recommending you cards that get you discounts at Shell or Esso. Pfft.

Don’t fret, SPC customers, we’ve compiled a list of SPC’s best petrol credit cards, which are as follows:

 

Best petrol credit card for SPC petrol station 2020

  UOB One Card Amex Platinum Credit Card POSB Everyday Card
SPC&U Card Discount 10% 10% 10%
Card Discount 5% +

5% (every $51 nett spend)

5% 5%
Card Rebate (applies after all discounts) 5% 7.1% 6%
Total Discount 24% 21% 20.1%

 

Best credit card for SPC petrol discount – UOB One Card

UOB logo
MoneySmart Exclusive
Cash Back on Grab and Daily Essentials
Up to 10%
Cash Back Cap per quarter
S$300
Min. Spend per month
S$2000
MoneySmart Exclusive: Get up to S$60 Grab Vouchers! Valid till 31 Jul 2020.

The good news is that the UOB One Card offers not just the best SPC credit card discount, but also one of the best petrol discounts across all petrol brands.

There is, however, a catch. In order to qualify for the maximum discount of 24%, you will have to be able to meet their minimum spending requirement of $2,000 a month and make a minimum of 5 transactions every statement month in a quarter.

If you don’t manage to meet the $2,000 minimum spending requirement but still spend over $500 each month, you’ll qualify for lower card rebates of up to 3.33% instead of 5%, which is still not too shabby.

The good news is that this is a card you can use on just about anything, since meeting the $2,000 minimum spending requirement gets you a very generous 5% rebate on ALL your spending. That’s powerful enough to justify making this your one, go-to credit card for every single spending category.

Actually, there’s another catch: you’ll have to make sure you spend at least $51 each time you fill up your tank, otherwise you’ll lose a 5% discount.

Do note that the maximum rebates you can earn in a quarter are $300 in total. That means you should avoid spending way above the $2,000 minimum spending mark.

Jumping through all these hoops is worth it, however, as the 24% rebate is one of the best SPC credit card discounts you can get.

Here’s how much you save with the UOB One Card on SPC petrol depending on your monthly expenditure:

Monthly expenditure $2,000 $1,000 $200
SPC&U Card Discount 10% 10% 10%
Card Discount 5% 5% 5%
$200 worth of petrol after discounts $170 $170 $170
Additional $3 off for every $51 nett spent $9 $9 $9
Card Rebate (applies after all discounts) 5% ($8.5) 3.3% ($5.61)
Total savings 23.75% 22.3% 19.5%

As you can see, pumping $200 worth of petrol will get you 23.75% savings, which is less than the 24% that is advertised. This is because the nett amount is not exactly $51, or in multiples of $51. 

You also get either 5% or 3.3% rebate on all your other spending if you hit the minimum spend. You would need to spend consistently for 3 statement months in one quarter, and transact a minimum of 5 purchases a month.

Read about the UOB One Card in detail in our MoneySmart Review.

 

Best for no frills SPC petrol discounts – Amex Platinum Card 

American Express logo
MoneySmart Exclusive
at participating Platinum EXTRA Partners
S$1.60 = 10 Points
on All Other Spend
S$1.60 = 2X Points
Rewards to Miles Conversion
1 Point = 0.55 Miles
MoneySmart Exclusive: Get S$150 cash via PayNow! Applicable to new-to-bank cardholders only. Valid till 31 Jul 2020.

Don’t want to worry about complicated minimum spending requirements or having to pump a certain amount of petrol at each visit to SPC?

Then the Amex Platinum Card is a straightforward solution. But you have to act fast and sign up, because you must register your card online to receive their additional 7.1% rebate at SPC. The offer is valid till 31 Dec 2020, and is limited to the first 50,000 customers who sign up and register their cards.

If you joined a previous promotion, you have to register your card again to enjoy this promotion.

Do that and you get a total of 21% off each time you fill up your tank, no questions asked.

You also get the same 21% effective discount at Amex True Cashback Card, which provides 1.5% cashback on all spend.

American Express logo
Cash Back on All Spend
1.5%
Cash Back Cap
Unlimited
Min. Spend per month
S$0

For Amex CapitaCard cardholders, you get an additional 8X STAR$ (or 4$ voucher rebates) on top of the 21% savings.

Here’s how much you save with the Amex Platinum Card on SPC petrol depending on your monthly expenditure:

Monthly expenditure Regardless
SPC&U Card discount 10%
Card discount 5%
$200 worth of petrol after discounts $170
Card rebate (applies after all discounts) 7.1% ($12.07)
Total savings 21%

 

Second best for no frills SPC petrol discounts – POSB Everyday Card 

POSB logo
Cash Rebates on dining and online shopping at selected E-Marketplaces
Up to 8%
Cash Rebates on SPC, Sheng Siong and Watsons.
Up to 6%
Cash Rebate on selected Electricity/ Telco bills
1%

This is another very straightforward card that gives you a straight-up discount and cash rebate, no minimum spending required.

How it works is simple. You get a 10% discount at the point of payment thanks to your SPC&U membership card, and a 5% discount thanks to the POSB Everyday Card. When you receive your statement at the end of the month, you’ll get an additional 6% rebate on the amount you paid the petrol station, bringing your total discount to 20.1%.

The catch is that the additional 6% rebate offer on SPC petrol is valid only till 31 March 2020. They previously renewed the offer, so let’s keep our fingers crossed that they’ll do it again.

Here’s how much you save with the POSB Everyday Card on SPC petrol:

Monthly expenditure Regardless
SPC&U Card discount 10%
Card discount 5%
$200 worth of petrol after discounts $170
Card rebate (applies after all discounts) 6% ($10.20)
Total savings 20.1%

 

Other cards with SPC discounts

Besides the above mentioned, you may also consider using other UOB credit cards to help you with your SPC petrol discounts, especially if you plan to take advantage of the card’s other benefits like dining privileges or air miles

Do you pump petrol at SPC? Do you have any other tips and tricks we might have missed out? Let us know. Apply for a credit card that is suitable for SPC petrol discounts via MoneySmart

 

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