A petrol credit card allows you to gain several benefits by using your card on specific or preferred petrol companies. You would be able to gain benefits such as cashback or reward points, all depending on the type of benefits you would prefer. Compare the types of petrol credit cards available and read the terms and conditions before applying.
When you use a petrol credit card to pay for your fuel, you may either get cashback or reward points depending on your respective card. For example, your credit card offers a 10% cashback when you spend RM2,500 monthly on petrol, you would thus receive a cashback of RM250 and have a total expense of RM2,250.
You are able to check your benefits through your monthly statements by online/mobile banking, email or mail. Alternatively, you can call or visit the issuing bank to get the information.
You can either call the bank for a redemption or fill out a redemption form then fax or mail it to your respective bank. Alternatively, you can also apply online. Some backs even allow you to redeem your rewards through SMS.
It’s as simple as filling up an application form and submitting the relevant personal documents. On Loanstreet, just press apply and fill in your details. You will receive a phone call from us within 1 working day in order to check your eligibility, after which we will submit your application to the banks. You will then deal with the banks directly until your application is approved and your credit card is received.
Every card issuer has a different processing time to approve your application. However, it usually takes 7-10 days to receive your card, either by mail or collection at the bank. To make the processing time faster and more efficient, be sure to submit all the relevant documents with the correct details required by the card issuer.
You must contact your respective bank immediately and request to block your card. If you do not report it as soon as possible, you may be liable for the charges made to your card. The hotline services are available 24 hours for this issue. Besides that, you should also report to the police to protect yourself from any unauthorised usage.