Although petrol prices have stagnated for a while now, it doesn’t change the fact that fuel spending can still be one of the costlier expenses you have in one month. Right now, RON95 has stagnated at RM2.05, which is it’s ceiling price.
So in order for us to ensure that our money spent on petrol goes a long way, its time for us to think about using specific credit cards that gives benefits and rewards for using them while refueling.
Here, we look at five top petrol credit cards that allow us to best leverage on our petrol consumption and add fuel to our spending power.
1. RHB Shell Visa Credit Card-i
The first petrol credit card that we would like to recommend is the RHB Shell Visa Credit Card-i. If you’re looking for a card that gives you the best benefits and rewards for refueling your car, then you can’t go wrong with the RHB Shell Visa credit card.
With the RHB Shell Visa credit card, you are eligible for a 50% cashback when you refuel at a Shell petrol stations during campaign periods. This means that during campaign periods, you get to refuel at 50% less! Other benefits includes a 12% cashback on Shell petrol stations if total monthly spending is RM2,501 and above, 8% cashback (on Shell petrol stations if total monthly spending is RM1,501 and above), 5% cashback (on Shell petrol stations if total monthly spending is RM801 and above) and an additional 18% cashback (with a minimum spend of RM 50.
And for a limited amount of time, you also stand a chance of winning a HETCH robotic vacuum worth more than RM759 when you apply for this credit card.
2. Maybank Islamic MasterCard Ikhwan
Although it might not be as rewarding as the previous card, the Maybank Islamic Mastercard Ikhwan is still a very good petrol credit card.
The reason is simple. With the Maybank Islamic Mastercard Ikhwan, you get a 5% rebate on petrol on every Friday and Saturday. Yes a 5% rebate might not mean much, but for an expense that is as regular as refueling your car, we promise you that it adds up.
The Maybank Islamic Mastercard Ikhwan also rewards you with 1 Maybank Treatspoint for every RM1 spent on fuel, so you get rewards while refueling your car, which is always a good thing.
3. Maybank Petronas Visa Gold
Another great petrol credit card worth a shout is the Maybank Petronas Visa Gold card. Just like the other petrol credit cards here, the Maybank Petronas Visa Gold card comes with great rewards for users who use it to refuel their cars.
With the Maybank Petronas Visa Gold, you will enjoy an extra 8 TreatsPoints for every RM1 spent on petrol at PETRONAS Service Stations on weekends, and an extra 5 TreatsPoints for every RM1 spent on petrol at PETRONAS Service Stations on weekdays.
This means that you will get extra TreatsPoints to redeem for rewards while refueling your car.
4. Maybank Islamic PETRONAS Gold-i
Another offering from Maybank that qualifies as a good petrol credit card is the Maybank Islamic Petronas Gold-i.
With the Maybank Islamic Petronas Gold-i, you get to enjoy 8% Cashback for every RM1 spent on petrol at PETRONAS Service Stations on weekends, and 1% Cashback for every RM1 spent on petrol at PETRONAS Service Stations on weekdays.
It doesn’t sound like much, but as mentioned earlier, cashback and rebates are very much welcome when refueling your car, due to how frequent we have to refuel our cars. This means that although the cashback might look miniscule, it does add up.
5. HSBC Amanah MPower Platinum Credit Card-i
And the final credit card we’re going to recommend as a petrol credit card is the HSBC Amanah MPower Platinum Credit Card-i.
This credit card from HSBC Amanah features very attractive rewards for refueling your car, such as 8% cashback everyday at Shell, Petronas Caltex, Petron and BHP if total monthly spending is RM2,000 and above, and a 2% cashback everyday at Shell, Petronas Caltex, Petron and BHP if total monthly spending is below RM2,000.
Just like the other petrol credit card, the HSBC Amanah MPower Platinum Credit Card-i will be a great boon for you when you’re refueling your car with the rewards that you can get from it.
What’s the verdict?
The RHB Shell Visa Credit Card-i wins our top petrol credit card award for the amazing cashback you can get while refueling using this card. With this card, you stand a chance to get an amazing 50% off when you’re refueling at any Shell station during campaign periods, which is an amazing deal.
The other cards are pretty similar to each other, so just choose whichever ones fits your needs and wants the most. But the bottom line is, you cannot go wrong with one of the petrol credit card in this list, and you’ll be doing your finances a favor by getting one of them.
Inflation is a fact of life, but you can have an easier time coping with the rising cost of living by making money-smart adjustments to your lifestyle.
The best way to make the most of what’s available is the ability to match the card with your spending habit and lifestyle. For example, if you are the type who always fuel up at Petronas, it will make sense to get a Maybank Islamic Petronas Gold-i card, even though it may not be the best among all the petrol credit cards. Getting the right petrol credit card will allow you to save even more money on petrol!