Best Credit Cards to Compensate for Fuel Price Hike
There is no stopping the government from imposing the additional excise tax for petroleum products this 2019. The clamor to suspend the implementation of this portion of TRAIN wasn’t considered since the global oil price could drop to $60 this year – a rate low enough to compensate for whatever hike TRAIN can do to the current prices. The government distributed the initial batch of the Pantawid Pasada Fuel Cards to 179,000 PUJ franchise holders nationwide. Jeepney drivers are the primary recipients of the cards to help them adjust to the rising fuel prices.
Drivers of private vehicles may need to find a way to reduce the impact of the additional tax rate and using credit cards for gas may compensate for the padded petroleum costs.
Use best credit cards for gas
Shell Citi Card
The Shell Citi Card lets you earn up to Php10,000 rebate value in one year. Simply make Php10,000 or more out store spend and enjoy the following benefits:
• Up to 5% rebate on auto repairs, accessories, and services
• Up to 5% rebate on toll fee when you purchase load at NLEX and SLEX
• Up to 5% rebate on Shell Fuel purchases
Citi offers new cardholders with a welcome gift worth Php5,000 which can be redeemed at UNIQLO, Nike Park, Tim Ho Wan, Build City and other partner merchants.
Metrobank Toyota Mastercard
The Toyota Mastercard is a complete package for every motorist aiming for dealership benefits, fuel rebates, and other privileges.
Toyota Mastercard holders can get up to 10% discount on parts, labor, and genuine accessories from all Toyota dealers while earning double rewards points for every Php20 spend at these dealers. You can also get to enjoy a 3% rebate when you gas up at 500 participating Petron stations.
Petron-BPI Credit Card
The Petron-BPI credit card is every practical motorist’s ally in reducing the effects of the oil price hike. The card gives you a chance to get free full tank each year through its 3% fuel rebate benefit. For every liter purchased at Petron with your credit card, you can Php1.50 rebate. New cardholders are also eligible to get free Php200 worth of gas from Petron.
The EastWest Bank Hyundai Mastercard is made for those who want to have the most pleasant drive. You can get up to 5% rebate from purchases made with your credit card at any gasoline station in the country. You can also earn up to Php1,000 worth of rebates which can be redeemed as Hyundai vouchers.
Want more? The Hyundai Mastercard gives you 10% exclusive discount on PMS or Preventive Maintenance Services, parts and accessories as all authorized Hyundai dealers.
Security Bank Mastercard Complete Cashback
The Security Bank Mastercard Complete Cashback allows you to enjoy:
• 4% rebates on gas at any gasoline station nationwide
• 5% rebates on groceries
• 3% rebate on utilities
• 2% rebate on dining
• 1% rebate on shopping
Union Bank Phoenix Petroleum Visa Card
Gas spending will never be a huge burden when you use the Phoenix Petroleum credit card by Union Bank. Gas up at Phoenix Petroleum and get 3% rebates from your purchase. You can also get a fuel voucher worth Php500, free 24-hour towing and roadside assistance privilege and 105 discount on Phoenix services and lubricants.
Union Bank Petron Value Card
The Union Bank Petron Value card is the ideal tandem for every Union Bank credit card. You can transfer all your rewards points to your Petron Value Card and you can:
• Get year-round personal accident insurance worth Php10,000 and medical reimbursement up to php1,000
• Free towing and roadside assistance
• Pay for gas and other products and services from Petron
Use you Petron Value card to double your points when you gas up at Petron. Earn one point on your value card when you buy fuel worth Php250.
HSBC Red Mastercard
Every HSBC Red Mastercard is entitled to get a 3% rebate on all purchases and 10% of the total amount of purchase from any Caltex station for all newly approved HSBC cards. You need to spend up to Php20,000 each month to earn the rebate. The Caltex Rebates Program is valid in all Caltex participating stations.
Aside from having the best credit cards for gas, you can also try out some best practices to save on gas like checking your air filter to improve gas mileage, ensure there are no missing gas caps to prevent fumes from escaping and make sure you don’t do lousy driving.
The additional excise tax on petroleum products can be a major expense and looking for ways to save and reduce the cost is expected from a smart driver like you.
Compare best credit cards with GoBear and hit the road without spending much on your gas.