Have You Tried These 4 Hacks to Save Money on Gas?

by Venus Zoleta, on category "Credit Card"

March 21, 2018


save money on gas
Fuel price hikes are a reality motorists in the Philippines can’t escape. Adding fuel to the fire is the tax reform or TRAIN law implementation early this year.
Fuel and other car-related expenses are getting more expensive. As of March 2018, the average gasoline and diesel prices have reached PHP 52.42 and PHP 40.30 per liter, respectively, based on data from the Department of Energy.
What are you doing to manage your fuel costs? Money-savvy drivers know the drill: make fewer trips, use brakes correctly, ensure proper tire pressure, and go carpooling. Some even go the extra mile of replacing their gas-guzzler with a more fuel-efficient vehicle.
Okay, so you’re doing all those gas-saving tips already. Can you further stretch your fuel budget? Yes! Here are some hacks to save money on gas you may not know about.

Save Money on Gas Hack #1: Use your Pag-IBIG Loyalty Card

Did you know that using your Pag-IBIG loyalty card allows you to save money on gas? Earn a one-peso point for every PHP 250 Petron fuel purchase and five-peso points for every PHP 100 Petron engine oils purchase.
If you don’t have this loyalty card yet, you’ll have to wait until the third quarter of 2018 to apply for one. Pag-IBIG Fund has temporarily suspended its loyalty card enrollment to improve the card’s functionality.

Save Money on Gas Hack #2: Get a Fuel Rebate Credit Card

save money on gas with a fuel rebate credit card
Fuel rebate credit cards allow you to earn up to 5% rebate or as much as PHP 1,000 monthly savings on your fuel purchases—something you can’t have with any regular card. Save money on gas with one of these credit cards that provide gas rebates.

EastWest Bank Hyundai Mastercard

  • Fuel rebate: Up to 5% at any gasoline station in the Philippines
  • 0.5% rebate on local retail purchases
  • Accumulated rebates may be redeemed for any of the following rewards:
    – Vouchers for products and services at any authorized Hyundai dealership
    – Rustan’s Department Store gift certificates
    – Cash credits
    – Annual fee waivers
  • Maximum rebate: PHP 1,000 per month
  • Free Hyundai gift voucher worth PHP 1,000 for new cardholders
  • 24/7 roadside assistance
  • Annual fee: PHP 2,000
  • Interest rate: 3.50%

HSBC Credit Cards

  • Fuel rebate: 3% at participating Caltex stations; 10% for the first fuel purchase
  • Maximum transaction eligible for rebates: PHP 20,000 per month
  • Fuel rebates apply to all HSBC cards: Red Mastercard, Gold Visa Cash Back, Platinum Visa, Advance Visa, and Premier Mastercard.
  • Up to 4 bonus rewards points for other qualified purchases
  • Annual fee: PHP 1,500 (Red Mastercard) / PHP 2,500 (Gold Visa Cash Back and Advance Visa) / PHP 5,000 (Platinum Visa) / None for Premier Mastercard
  • Interest rate: 3.50% (except for Advance Visa’s 3.20% and Premier Mastercard’s 3.10%)

Metrobank Toyota Mastercard

  • Fuel rebate: 3% at over 500 participating Petron stations
  • Maximum rebate: PHP 15,000 per year
  • 10% discount on parts, accessories, and labor at any Toyota dealership
  • Double rewards points for every PHP 20 spent at a Toyota dealership
  • One rewards point for every PHP 20 spent using the Toyota Mastercard, which can be redeemed for air miles
  • 24/7 roadside assistance
  • Annual fee: PHP 2,500 (waived for the first year)
  • Interest rate: 3.54%

Petron-BPI Mastercard

  • Fuel rebate: 3% at BPI-accredited Petron stations
  • Maximum rebate: PHP 15,000 per year
  • Free fuel voucher worth PHP 200 for new cardholders
  • Annual fee: PHP 1,550 (waived for the first year)
  • Interest rate: 3.50%

Shell Citi Visa

  • Fuel rebate: Up to 5% on Shell fuel purchases
  • 5% rebate on NLEX and SLEX toll fees
  • 5% rebate on car accessories, repairs, and services in the Philippines
  • Maximum rebate: PHP 10,000 per year
  • Annual fee: PHP 2,500
  • Interest rate: 3.50%

Most fuel rebate credit cards help maximize savings only if you gas up with the partner oil company of your issuing bank. If you’re not loyal to a single oil company, consider getting one of these credit cards with rebates on fuel purchases at any gasoline station.

Citi Cash Back

  • 0.20% rebate on fuel and other purchases
  • Up to 6% rebate on groceries and 2% on Meralco bill payments
  • Maximum rebate: PHP 1,000 per month
  • Annual fee: PHP 3,500
  • Interest rate: 3.50%

EastWest Bank EveryDay Titanium MasterCard

  • Up to 5% fuel rebate
  • Up to 5% rebate on groceries and medicines
  • Maximum rebate: PHP 1,000 per month
  • Annual fee: PHP 2,800
  • Interest rate: 3.50%

Security Bank Complete Cashback MasterCard

  • 4% fuel rebate
  • 5% grocery rebate, 3% utility rebate, 2% dining rebate, and 1% shopping rebate
  • Maximum rebate: PHP 1,000 per month
  • Annual fee: PHP 3,000
  • Interest rate: 3.50%

UnionBank Platinum MasterCard

  • 1.50% rebate on fuel and all other purchases
  • No rebate limit
  • Annual fee: PHP 3,000
  • Interest rate: 3.50%

Save Money on Gas Hack #3: Sign Up for a Fuel Discount Card

save money on gas with a discount card
On top of a fuel rebate credit card, you can increase your fuel cost savings with a fuel discount card offered by an oil company, mall, or automobile association. Here are some options to consider.

AAP-Caltex SavePlus Discount Card

  • Save PHP 2 or PHP 1 per liter, depending on the purchased Caltex product
  • Discount valid up to 60 liters and up to two transactions per day
  • Exclusive only to Automobile Association Philippines (AAP) members and employees
  • The card costs PHP 100 at select AAP branches

Petron Value Card

  • Save PHP 1 for every value point, which is earned with every PHP 250 fuel purchase at participating Petron stations
  • Other discounts:
    – PHP 40 per gallon or PHP 10 per liter on Petron auto lubricants
    – PHP 10 on Gasul (11kg)
    – 5% off on products at San Mig Food Ave.
  • 24-hour towing and roadside assistance

Robinsons Rewards Card

  • Save PHP 1 per liter with every rewards point, which is earned with every purchase of 5 liters of diesel or gasoline at participating Caltex stations
  • Minimum of 50 accumulated points to avail of discounts
  • The card costs PHP 150 at any Robinsons stores

SEAOIL VIP Card

  • Save up to PHP 1 with every rewards point, which is earned with every PHP 100 fuel purchase
  • Accumulated points can be redeemed for cash or fuel products at participating SEAOIL stations

SM Advantage Card

  • Earn one rewards point for every PHP 250 spent on Shell fuel products
  • Accumulated points can be used for purchases in SM stores and partner establishments
  • The card costs PHP 150 at SM department stores and supermarkets

Save Money on Gas Hack #4: Use a Fleet Card for Your Small Business

save money on gas with a fleet card
Do you manage a fleet of vehicles for your small enterprise? A fleet card is a useful cost-saving option, whether you run a catering business, delivery service, bakery, trucking business, car rental company, or any business that uses two or more vehicles and consumers 1,000 to 5,000 gallons monthly.
Fleet cards provide discounts on fuel purchases and auto maintenance and repairs at participating gas stations and dealerships. They also help small business owners control their fuel expenses. For example, you can limit fuel purchases to diesel only to lessen the chances of your employees to use your company fleet card for personal use.
Oil companies such as Caltex, Petron, SEAOIL, and Shell offer fleet cards to business owners in the Philippines.

Final Thoughts

Care to share any other tips to save money on gas? Let’s help our fellow motorists reduce their fuel costs! Leave your comments below!
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