Credit Cards

Best Petrol Credit Card for SPC Petrol Discounts in Singapore – Which Credit Card is Best?

Best Credit Card for SPC Petrol Station

MoneySmart

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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

Bank of China Zaobao Credit Card UOB One Card Amex Platinum Credit Card POSB Everyday Card
SPC&U Card Discount 10% 10% 10% 10%
Card Discount 5% +
5% (every $51 nett spend)
5% 5%
Card Rebate (applies after all discounts) 23% 5% 7.1% 6%
Total Discount 30.7% 24% 21% 20.1%

 

Best credit card for SPC petrol discount – UOB One Card

UOB One Card

UOB One Card


Card Benefits

    • At SPC Stations, up to 24% savings on fuel purchases
    • At Shell Stations, up to 20.8% savings on fuel purchases

    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 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 UnionPay credit card for SPC discount – BOC Zaobao Credit Card 

    Most of the petrol credit cards offer 20% to 24% savings. The BOC Zaobao Credit Card advertises a whopping 30.7% off your petrol bill at SPC.

    It has a minimum spend of $600, and you get higher than usual cash rebates for really specific things like 20% on Zaobao and SPH newspaper subscriptions and 12% cash rebate at Breadtalk.

    If you want to use this to get the amazing 30.7% cash rebate, you have to commit to using it as your everyday card. It won’t be too difficult, as you get 10% cash rebate in the categories of dining, online purchases and spend in the cashback categories of online purchases, dining and newspaper subscriptions.

    The BOC Zaobao Credit Card also one of the best cards for frequent travellers to China frequently. You can enjoy 5% cashback when shopping in mainland China, and the foreign currency fee is 0% for RMB.

    One caveat though is that BOC Zaobao Credit Card is issued by UnionPay, which is not as widely accepted as Visa or Mastercard. The definitions of the game are also not as clear cut as well. Card users have gone ahead to document what is accepted and what is not in this Hardwarezone forum thread so you can take a look before you commit.

    Here’s how much you save with the BOC Zaobao Credit Card on SPC petrol:

    Monthly expenditure More than $600 Less than $600
    SPC&U Card discount 10% 10%
    $200 of petrol after discount $180 $180
    Additional cashback (cap at $80) 23% ($41.4) 0%
    Total savings 30.7% 10%

     

    Best for no frills SPC petrol discounts – Amex Platinum Card 

    American Express Platinum Credit Card

    American Express Platinum Credit Card


    Card Benefits

      • Get 5X Membership points at Platinum EXTRA Partner like Lee Hwa Jewellery, TungLok Signatures and Watches of Switzerland
      • Eligible for use with Apple Pay
      • 90-days return guarantee, return almost any purchase made in Singapore for a refund up to S$800 per item
      • Redeem vouchers with points at various shops including Dorothy Perkins, TOPSHOP, Ben Sherman, Robinsons, Isetan, OG, Courts and many more

      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 30 Nov 2019, 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.

      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 Everyday Card

      POSB Everyday Card


      Card Benefits

        • Up to 20.1% savings on petrol at SPC
        • 5% discount from any DBS/POSB Credit or Debit Card (except DBS Esso MasterCard) + 10% SPC&U Card discount + 6% POSB Everyday Card cash rebate*
        • *6% cash rebate applies on the final charge amount, after any applicable discounts. 6% cash rebate promotion valid till 31 Mar 2018

        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 August 2019. 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.

         

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