Register now: 21% discount for American Express cards at SPC petrol stations

Register your AMEX card and enjoy a 21% discount on SPC petrol throughout 2022, capped at S$1,690 of petrol per card.

American Express has renewed its popular SPC offer for 2022, which allows registered cardholders to save up to 21% off petrol 

Registration is now open and capped at 60,000 cards, so be sure to login to the AMEX app or online banking portal and complete it as soon as you can. 

What are AMEX Offers?

AMEX Offers are opportunities to earn bonus miles/points, or statement credits. These can be found in the “Offers” section of the AMEX app or web portal. 

Registration is required, and some offers may be targeted. These are not applicable to DBS, Citi or UOB AMEX cardholders. 

Save up to 21% off petrol at SPC

From 18 January to 31 December 2022, American Express cardholders can save up to 21% off petrol at SPC. This is broken down as follows:

  • 10% discount for SPC&U Members
  • 5% discount for American Express cardholders
  • 7.1% rebate for registered American Express Cards

The mathematically-inclined amongst you might notice that 10+5+7.1=22.1%, so why are the savings quoted as 21%? It comes down to discounts versus rebates. Cardholders will receive a 15% discount upfront, with a further 7.1% rebated to them via statement credit.

For example, if you purchase S$100 worth of petrol:

  • You’ll pay S$85 at the counter (15% discount)
  • You’ll receive a 7.1% rebate from S$85 (S$6.04) credited to your account
  • All in all, you’ve paid S$78.96 for S$100 of petrol, a discount of ~21%

The maximum statement credit that can be received per registered card is S$120, which means you’d max this out with ~S$1,690 of petrol spending (after the 15% discount). 

If you use more petrol than that, you can register more than one card- I see the SPC offer available across my AMEX KrisFlyer Ascend, AMEX Platinum Reserve, AMEX Platinum Charge and AMEX HighFlyer Card. Out of consideration to other cardmembers, however, please only register as many cards as you need since there’s an overall registration cap of 60,000 cards. 

Statement credits should reflect on your account within five business days from qualifying spend. The full T&Cs can be found below:

  • If you have registered for any previous “Up to 21% savings” SPC Promotions with American Express, kindly register your Card again to enjoy this Promotion that commences on 18 Jan 2022.
  • The total percentage savings of 21% is calculated based on:
    • SPC 15% On-site Fuel Savings (defined below)
    • 7.1% Savings via statement credit (defined below)

Terms and Conditions for 15% On-site Fuel Savings at SPC at amex.co/spc15percent

  • 15% on-site savings is available when:
    • Payment is made with an eligible American Express Card at the service station cashier counter (5%); and
    • SPC&U Membership Card is presented during payment (10%). (Non-SPC&U member will enjoy 5% savings).

Terms and Conditions for 7.1% savings via statement credit, on all purchases at SPC​​​​​​​

  • SpeedyCare and Car Wash transactions are not eligible for this offer.
  • 7.1% savings via statement credit are applicable on the final charge amount, after all other on-site savings are applied.
  • The Promotion commences at 00:00 hrs (GMT +8) on Tuesday 18 Jan 2022 and ends at 23:59 hrs (GMT +8) on Saturday 31 Dec 2022 (“Promotion Period”).
  • The Promotion is open to individuals who hold personal basic and/or supplementary American Express® Cards issued in Singapore by American Express International Inc. only (“Eligible Cards”), excluding American Express® True Cashback Cards, American Express Corporate Cards and American Express Cards issued by DBS Bank Ltd and United Overseas Bank Limited (“Card Members”).
  • This offer is only available for your targeted Card, and other Cards you hold may not be eligible.
  • Offer is limited to S$120 credit per Card for the Promotion Period to which the offer is saved and only spend on this Card counts towards the Offer.
  • Excludes transactions where you do not spend directly in-person at participating SPC locations. Offer valid at Singapore locations only. Excludes online purchases.
  • Excludes transactions made through a third party establishment or payment processor.
  • Credit is not redeemable for cash or other payment form.
  • Credit should appear on your billing statement within 5 business days from qualifying spend but may take up to 90 days from the offer end date.
  • Credit will not be applied to your Card Account if it has been suspended or cancelled.
  • Credit may be reversed if your qualifying purchase is refunded or cancelled.
  • Full Offer Terms available here.

No miles or points for SPC transactions

Back in March 2020, American Express updated their rewards T&Cs to exclude SPC altogether. This was a surprising move, given that up till then, it was possible to enjoy the 21% discount together with regular miles/points accrual. While American Express is not alone in excluding rewards at SPC (UOB does it too), it does mean that using your AMEX card will be a purely money-saving play.

Is it worth forgoing miles/points at SPC in favor of a larger discount? It comes down to your personal valuation of a mile, really, but in general given the discounts on offer I’d say yes. 

The AMEX True Cashback Card is exempt from this exclusion, so you could potentially upsize your discount by a further 1.5% to 22.5%. 

Pay with Points+ at SPC

AMEX Pay with Points+
1,000 MR pointsS$4.80
S$6.00

In 2021, American Express launched an enhanced Pay with Points programme, aptly called Pay with Points+ (or PWP+ for short). This scheme allows cardholders to redeem Membership Rewards points at an enhanced rate at selected merchants. 

SPC has been added to the PWP+ programme, which means you can redeem 1,000 MR points for S$6, instead of the usual S$4.80. But this represents poor value, because by choosing PWP+, you’re accepting an implicit value of 

  • For Platinum Charge/Centurion members, 1 mile= 0.96 cents
  • For all other AMEX card members, 1 mile=1.08 cents

I’d pass on it. 

What other cards can you use for petrol?

I recently updated my post on the best cards to use for petrol, which takes into account changes in discounts and miles cards over the past year.

2022 Edition: Best Credit Cards for Petrol

If we’re approaching the question from a simple “which card gives the most miles, period” perspective, then the answer is pretty straightforward:

Highest Miles Earning Cards for Petrol
CardMPDRemarks
UOB Visa Signature4.0*Min. S$1K spend on petrol + contactless per s. month, max. S$2K
UOB PPV4.0*Max. S$1.1K per c. month, must use mobile payments
UOB Lady’s Card4.0*Max. S$1K per c. month, must declare transport as quarterly 10X category
Maybank World Mastercard4.0 
Maybank Horizon Visa Signature3.2Min. S$300 retail spend per c. month, max. ~S$4.3K per c. month
C. Month= Calendar Month, S. Month= Statement Month
*Except Shell, SPC

Where it gets complicated is that the best card from a miles perspective may not necessarily be the best card from a discounts perspective.

Have a read of the article to see how the various bank and station discounts stack, and which card offers the best value. 

Conclusion

American Express has renewed its partnership with SPC, offering a 21% discount for registered cardholders throughout 2022.

This does come at the expense of earning miles, however, and if miles are what you primarily you care about, the UOB Preferred Platinum Visa and Sinopec stations are your best friend.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Mike

What about amaze + wwmc?

dkdk

1) WWMC isnt an american express card
2) any credit card specific deals are off as long as you used amaze card

That combo is completely invalid…

Last edited 10 months ago by dkdk
Terence

Does the supplementary card also need to be registered to obtain the statement credit if the primary card is already registered?

Josh

yes

Andy

One can consider Amaze+MB WMC for 1% CB + 4mpd at Sinopec or even better with Lalamove X Sinopec at 25% discount on top of 1% CB + 4mpd.

Mike

Exactly what I have in mind for Amaze+WWMC combo

Alex Lim

AMEX Highflyer Card can get Highflyer points (1.8mpd) for SPC Petrol spending!

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