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Caltex Petrol Discounts in Singapore – Which Credit Card is Best?

Caltex Petrol Discounts in Singapore – Which Credit Card is Best?

It’s not a secret that Caltex has one of the highest petrol prices in Singapore, but did you know that it also gives the one of the highest credit card petrol discounts? For Caltex, you should use the UOB ONE Card to earn discounts of up to 20.48%.

However, even though the UOB ONE Card gives the highest discount, do take note of the card’s minimum monthly spending requirement. Here are all the available credit cards that provide Caltex petrol discounts:

UOB ONE Card

UOB Cards

HSBC Visa Platinum

HSBC Cards

OCBC 365 Card

OCBC Cards

Credit Card Discount

11% or 9% (depending on Caltex 98 or 95)

11% or 9%(depending on Caltex 98 or 95)

9%

9%

9%

9%

Site Discount

5%

5%

5%

5%

5%

5%

Additional rebates

2% SMART$ rebate (after discount)

3.33% UOB ONE rebate (after discount)

2% SMART$ rebate (after discount)

5% rebate (after discount)OR

3% rebate (after discount) depending on minimum spend on card

None

5% rebate (after discount)

None

Total discount

Up to 20.48% (for Caltex 98)Up to 18.59% (for Caltex 95)

Up to 17.68% (for Caltex 98)Up to 15.72% (for Caltex 95)

Up to 18.3%

14%

Up to 18.3%

14%

For the next few case studies, we’ll use current prices of $1.87 per litre for RON 95 Petrol.

Case Study 1: 2,000cc Car, Petrol Tank 70 litres

Petrol Cost = $130.90

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You’ll want to use the UOB ONE Card. You get 14% off immediately by using the card. That means you charge $112.57 to your card. Then, you get a 2% SMART$ rebate for using a UOB Card.

It shouldn’t be a problem meeting the UOB ONE Card’s minimum spending requirements. If you spend over $300 a month using a UOB ONE Card with at least 3 purchases each month, you’ll get up to 3.33% rebate. Your maximum possible discount is 18.59%, or $24.33.

Total discount using UOB ONE Card = $24.33

Case Study 2: 1,600cc Car, Petrol Tank 50 litres

Petrol Cost = $93.50

Using the UOB ONE Card, only if you meet the minimum spending requirement of at least $300 a month, will earn you a slightly higher discount than the HSBC Visa Platinum Card.

You get 14% off immediately by using the card. That means you charge $80.41 to your card. Then, you get a 2% SMART$ rebate for using a UOB Card. If you spend over $300 a month using a UOB ONE Card with at least 3 purchases each month, you’ll get a further 3.33% rebate. Your maximum possible discount is 18.59%, or $17.38.

Total discount using UOB ONE Card = $17.38

Case Study 3: 1,000cc Car, Petrol Tank 36 litres

Petrol Cost = $67.32

For the highest possible discount, you should use the UOB ONE Card. You get 14% off immediately by using the card. That means you charge $57.89 to your card. Then, you get a 2% SMART$ rebate for using a UOB Card. If you spend over $300 a month using a UOB ONE Card with at least 3 purchases each month, you’ll get a further 3.33% rebate. Your total discount is 18.59%, or $12.51.

Total discount using UOB ONE Card = $12.51

Case Study 4: Motorcycle, Petrol Tank 15 litres

Petrol Cost = $28.05

When using the UOB ONE Card, you get 14% off immediately. That means you only charge $24.12 to your card. Then, you get a 2% SMART$ rebate for using a UOB Card.

But when it comes to smaller purchases, that’s where using the UOB ONE Card gets tricky. You need to spend at least $300 a month using the UOB ONE Card with at least 3 purchases each month, in order to get up to 3.33% rebate. If you’re only using this card for petrol, it’ll can be difficult to meet that minimum expenditure requirement. Your maximum discount is 18.59%, or $5.21.

Total discount using UOB ONE Card = $5.21

So, in short…

The UOB ONE Card will give you the best discount at Caltex, but only if you’re able to meet the minimum spending requirements.

Don’t forget to also apply for the Caltex Thanks! Card to earn rewards points on top of your credit card benefits when you pump petrol.

You may also consider using the HSBC Visa Platinum card to help you get up to 18.3% discount on your Caltex petrol, especially if you plan to take advantage of the card’s other benefits like dining privileges or travel discounts. Find the best credit card in Singapore for your lifestyle choices today.

Do you pump petrol at Caltex? Do you have any other tips and tricks we might have missed out? Let us know.

The post Caltex Petrol Discounts in Singapore – Which Credit Card is Best? appeared first on the MoneySmart blog.

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