Renewed: 21% discount at SPC for American Express cards

Register your AMEX cards now and enjoy a 21% discount at SPC petrol stations for 2024.

Since 2021, American Express has been running a popular offer with petrol chain SPC that gives registered cardholders up to 21% off petrol.

This offer has now been renewed for the whole of 2024. Re-registration is required, and each card can enjoy a maximum statement credit of S$120. 

What are AMEX Offers?

AMEX Offers are opportunities to earn bonus miles, Membership Rewards points, or discounts in the form of statement credits. They 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. 

Enjoy up to 21% off petrol at SPC

From 12 January to 31 December 2024, 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

However, please only register as many cards as you need since there’s a registration cap of 60,000 cards per type (e.g. 60,000 AMEX KrisFlyer Ascend, 60,000 AMEX HighFlyer Card etc.; the only outlier is the AMEX True Cashback Card with a cap of 5,000). 

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 12 Jan 2024.
  • 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 go.amex/spc15percent

  • 15% on-site savings is available when:
    • Payment is made with an eligible American Express Card at the SPC cashier’s 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

  • Excludes transactions made at Manual Carwash outlets and SpeedyCare automotive centers.
  • 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 Friday 12 Jan 2024 and ends at 23:59 hrs (GMT +8) on Tuesday 31 Dec 2024 (“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”).
  • Offer is limited to the first 60,000 eligible Cards which are successfully registered for the offer.
  • 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 location(s). Offer valid at Singapore location(s) 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 15 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

SPC transactions do not earn rewards with most AMEX cards

As a reminder, you won’t earn any rewards with American Express cards at SPC stations, which means using your card will be a pure money-saving play.

Rewards for SPC stations were removed for the AMEX KrisFlyer and Platinum cards in March 2020, followed by the HighFlyer card in April 2023. The only exception to the no-rewards rule is the AMEX True Cashback Card, where cardholders will still earn 1.5% cashback as per normal.

Is it worth forgoing miles/points at SPC in favour 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. 

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 is a PWP+ merchant, which means you can redeem 1,000 MR points for S$6, instead of the usual S$4.80. But this represents poor value still, 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 if I were you.

What other cards can you use 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
CardEarn RateRemarks
UOB Lady’s Card6 mpdMax. S$1K per c. month, must declare transport as quarterly 10X category
UOB Lady’s Solitaire Card6 mpdMax. S$3K per c. month, must declare transport as quarterly 10X category
UOB Visa Signature4 mpdMin. S$1K spend on petrol + contactless per s. month, max. S$2K
UOB Pref. Plat. Visa4 mpdMax. S$1.1K per c. month, must use mobile payments
Maybank World Mastercard4 mpd 
Amaze + Citi Rewards Mastercard4 mpdMax. S$1K per s. month
C. Month= Calendar Month, S. Month= Statement Month

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

I’ll eventually get round to updating my “best cards to use for petrol” article for 2024, which takes into account both miles and discounts, so stay tuned.

Conclusion

American Express has renewed its partnership with SPC, offering a 21% discount for registered cardholders throughout 2024. A total of 60,000 slots are available per card, so drivers will want to get registered as soon as possible.

Just keep in mind that the discount comes at the expense of earning miles, and if that’s what you primarily you care about, then the UOB Preferred Platinum Visa and Sinopec’s simple flat discount scheme could be a better bet.

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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Rohit

Is it applicable if payment is made through Apple Pay using eligible Amex Credit Card.

L T

Yes.

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