Cutting the amount of money you are spending on petrol every month is actually achievable in Singapore where everything seems to be so expensive. With some tact and determination, one can look forward to saving money on fuel each time they tank up. Want to learn how we at GET.com do it? Below are some goof proof ways you can save money on fuel. Tip #2 is highly underrated in our opinion.
4 Foolproof Ways To Save Money On Fuel
1. Walk or cycle whenever possible
You don't even need to own a bicycle if you want to ride a bike these days. With bike-sharing platforms like Ofo, Mobike, and Obike in Singapore, cycling to where you need to be or cycling for leisure is easier than ever. These options are much more cost-effective and convenient than renting a bicycle at a traditional bike rental shop.
Even those who drive can cycle for a change if the place you want to head to isn't that far away; you get to save on fuel and work up a sweat at the same time, a win-win situation really. Walking is your next best option for the only thing it will cost you is some time.
2. Keep your vehicle as light as possible
It is important you don't treat your car boot as an extension of your storeroom. When you weigh your car down with too many things, it just gets heavier and consumes more fuel than when your vehicle is rid of clutter and unnecessary items. Save your wallet and do yourself (and the environment) a favour by removing unnecessary things from your car, pronto!
3. Become a member of petrol station loyalty programmes
Nobody says you should or ought to only stick to one petrol station loyalty programme. As a matter of fact, if you are not particular about which oil company brand you tank up at, I'd say sign up for all. This way, you will enjoy discounts on fuel purchases no matter where you refuel in Singapore. Besides discounts, you can earn rewards points that translate into free fuel, gifts, convenience store items and more.
Here are the various programmes offered by the oil company brands in Singapore:
- Shell: Shell Escape programme
- Caltex: Plus! programme
- Esso: Smiles driver rewards programme
- SPC: SPC&U programme
4. Pay for fuel using the right credit card
While you might have missed out on saving money on fuel all those years you have been driving, it definitely isn't too late to start. Maximise your fuel savings by pairing discounts offered by petrol company loyalty programmes with a petrol credit card.
Why should you even bother? Well, the savvy ones among us get to save as much as over 20% on their fuel purchases each time they fill up at petrol kiosks. If that isn't enough to convince you, I don't know what will.
Here, you'll find some of our top credit card picks that give you fantastic savings on fuel purchases:
|Credit Card||Features||Intro Interest p.a.||Standard Interest p.a.||Annual Fee||Minimum Income||We least like||Related links|
HSBC Visa Platinum Credit Card
|2.50% p.a. for 6 months on balance transfers or 4.88% p.a. for 12 months on balance transfers both with a processing fee of $88||25.9%||$180 (First 2 years waiver)||S$30,000 for Singaporeans and Permanent Residents. S$40,000 for self-employed and foreigners.||Related Links Read our review of HSBC Visa Platinum Credit Card or view more details of HSBC Visa Platinum Credit Card. See more HSBC credit cards.|
Citi Cash Back Card
|Transfer your outstanding balances on any other bank's credit card or credit line to Citibank at 0% nominal interest rate for 3/6/12 months with upfront service fee from 1.58%. Eligible for new Citibank customers who apply for Citibank Ready Credit account with minimum $500 loan.||26% per annum||$192.60 (first year annual fee waiver)||For Singaporeans and PRs, minimum annual income of $30,000, for foreigners $42,000.||Related Links Read our review of Citi Cash Back Card or view more details of Citi Cash Back Card. See more Citibank credit cards.|
Maybank Family & Friends Card
|24% p.a.||S$180||S$30,000 for Singapore Citizen or Singapore Permanent Resident||Related Links Read our review of Maybank Family & Friends Card or view more details of Maybank Family & Friends Card. See more Maybank credit cards.|
Maybank World MasterCard
|24% p.a.||S$240||S$80,000 per annum||Related Links Read our review of Maybank World MasterCard or view more details of Maybank World MasterCard. See more Maybank credit cards.|
OCBC 365 Credit Card
|Transfer your outstanding balances on any other bank's credit card or credit line to OCBC at 0% nominal interest rate for 3/6/12 months with upfront processing fee starting at 1.80%||26.88% per annum||$192.60 a year (First 2 years free)||S$30,000 and above for Singaporeans and Singapore PRs, S$45,000 and above for foreigners||Related Links Read our review of OCBC 365 Credit Card or view more details of OCBC 365 Credit Card. See more OCBC credit cards.|