It’s good to know that lots of banks are jumping on the bandwagon to provide their customers with fuel rebates to cope with the high petrol prices. This competition only means better benefits and more savings for you!
Another credit card that offers cash rebates is the RHB Travel Money by RHB Bank. The benefit of the RHB Travel Money card over the Shell Citibank card is its greater flexibility by providing cash rebates for any petrol station you choose to fuel up at!
This means you have lots of choice, as a consumer, and can collect your rebates with ease without having to look for a specific petrol station. What sort of benefits does this card provide? Find out below.
Unlike the Shell Citibank credit card, the RHB Travel Money card is not solely geared towards fuel savings. This current promotion of up to 5% cash rebates for fuel is only applicable during their promotional period which lasts until 31 August 2008 only. I am not sure if they would extend it but I guess it will depend on the popularity of the promotion.
There is a bit of a catch when I read their terms and conditions further.
- For each transaction for payment of petrol at any petrol stations nationwide, Cardmembers will be entitled to:
- Rebate of 5% from 10th June 2008 to 31st August 2008
- Rebate of 2% from 29th May 2008 to 9th June 2008 and from 1st September 2008 to 31st December 2008
- The Rebate shall be subjected to a limit of RM60 per month for each Principal Card. Both Principal and Supplementary Cardmember’s rebate will be accumulated to a maximum limit of RM60 per Principal credit card account per month.
It appears that the rebates are capped to RM60 a month and after August, will decline to only 2%. While it doesn’t seem like much, RM60 worth of rebates in a month equals to at least RM1,200 worth of petrol pumped in the month at 5% cash rebates.
It is probably a good deal if you are an existing RHB Travel Money cardholder. However, if you aren’t, signups will cost you RM70 in annual fees for a principal card. Find out more at RHB Travel Money.
