If you’re a driver in Singapore, you know that petrol prices can be a significant expense. Fortunately, with the OCBC 365 credit card, you can enjoy discounts and cashback on your fuel purchases. In this article, we’ll take a closer look at the OCBC 365 petrol discount in Singapore and how you can maximise your savings.
OCBC 365 Card Overview
The OCBC 365 credit card is designed to help you save money on your daily expenses. With this card, you can enjoy cashback on dining, groceries, transport, and petrol purchases. The card also comes with a range of lifestyle benefits, including discounts on travel, entertainment, and shopping.
Fuel Savings with OCBC 365
With the OCBC 365 credit card, you can enjoy a discount of up to 23% on petrol purchases at selected petrol stations in Singapore. On top of that, you can earn an additional 5% cashback on your NETT fuel spend with a minimum monthly spend of $800. This means that you can save even more on your fuel expenses, making the OCBC 365 card an excellent choice for drivers in Singapore.
Key Takeaways
- The OCBC 365 credit card offers discounts and cashback on petrol purchases in Singapore.
- You can enjoy a discount of up to 23% on petrol purchases and earn an additional 5% cashback on your NETT fuel spend.
- The OCBC 365 card also comes with a range of lifestyle benefits, making it an excellent choice for drivers looking to save money on their daily expenses.
OCBC 365 Card Overview
If you’re looking for a credit card that helps you save money on petrol, the OCBC 365 Credit Card might be just what you need. With this card, you can enjoy up to 22.92% fuel savings at Caltex, which is made up of an 18% upfront discount and 6% cashback on all fuel spend. This discount applies to all grades of petrol, as well as diesel.
Key Features
In addition to petrol savings, the OCBC 365 Credit Card offers cashback on a range of other everyday expenses. These include dining, groceries, and online shopping. Here are some of the key features of the card:
- Up to 6% cashback on dining, including at cafes, fast food restaurants, and fine dining establishments
- Up to 3% cashback on groceries, both in-store and online
- Up to 3% cashback on online shopping, including at major retailers like Lazada and Qoo10
- Up to 5% cashback on telco bills, including Singtel, Starhub, and M1
- Up to 22.1% fuel savings at Caltex, which includes the 18% upfront discount and 6% cashback on all fuel spend
To qualify for these cashback rates, you need to spend a minimum of $800 on your OCBC 365 Credit Card each month. There is no cap on the amount of cashback you can earn, so the more you spend, the more you save.
Applying for OCBC 365 Card
To apply for the OCBC 365 Credit Card, you need to meet the following eligibility requirements:
- You must be at least 21 years old
- You must earn a minimum annual income of $30,000 if you’re a Singaporean or Permanent Resident, or $45,000 if you’re a foreigner
- You must have a good credit rating
You can apply for the card online or at any OCBC branch. The application process is simple and straightforward, and you should receive a decision within a few business days.
Overall, the OCBC 365 Credit Card is a great choice if you’re looking for a card that offers savings on petrol and other everyday expenses. With its generous cashback rates and easy application process, it’s definitely worth considering.
Fuel Savings with OCBC 365
If you’re looking to save on fuel, the OCBC 365 card is a good option to consider. With this card, you can enjoy fuel savings of up to 22.1% at Caltex petrol stations. Here are some key details on how you can save on petrol with OCBC 365.
Caltex Fuel Discount
With your OCBC 365 card, you can enjoy up to 22.1% savings on fuel at Caltex petrol stations. This discount includes a 5% cashback on your fuel spend, which is capped at $80 per month. Additionally, you can receive up to 17.1% discount on your fuel purchase when you pay with your OCBC 365 card.
Esso Partnership
OCBC has also partnered with Esso petrol stations to offer fuel savings to cardholders. You can enjoy up to 18% upfront discount on your fuel purchase with your OCBC card. This discount includes a 14% upfront discount on the gross fuel price at Esso petrol stations, as well as an additional 4.3% rebate on the gross fuel price. Note that this discount is only applicable at selected Esso petrol stations.
Additional Petrol Service Stations
In addition to Caltex and Esso, your OCBC 365 card also offers discounts at other petrol service stations. You can enjoy up to 20.2% savings on fuel at Sinopec petrol stations, up to 20% savings on fuel at Shell petrol stations, and up to 21% savings on fuel at SPC petrol stations. Furthermore, you can also enjoy up to 18% upfront discount on your fuel purchase at CaltexGo petrol stations.
Overall, the OCBC 365 card offers a range of discounts on fuel purchases, making it an attractive option for those who frequently use their cars. With discounts available at various petrol service stations, you can enjoy savings on fuel no matter where you go.
Maximising Cashback
If you are planning to use the OCBC 365 Credit Card for petrol discounts, there are a few things you should know to maximise your cashback.
Understanding the Cashback Cap
The OCBC 365 Credit Card offers up to 6% cashback on fuel spend at all petrol service stations. However, it is important to note that there is a cashback cap of $80 or $160 per month, depending on whether you meet the minimum monthly spend of $800 or $1,600, respectively. This means that if you spend more than the cashback cap, you will not earn any additional cashback.
To avoid hitting the cashback cap too quickly, you can consider spreading out your petrol spend throughout the month. Alternatively, you can also use other petrol credit cards, such as the UOB One Card, DBS Esso Card, Citi Cash Back Card, POSB Everyday Card, or Maybank World Mastercard, to earn additional cashback on your petrol spend.
Comparing with Other Petrol Credit Cards
When comparing with other petrol credit cards, the OCBC 365 Credit Card offers competitive petrol discounts. For example, the UOB One Card offers up to 24% petrol savings at Shell and up to 20.8% petrol savings at SPC, but requires a minimum spend of $500 per month for three consecutive months to unlock the full benefits. The