With South African motorists looking ahead to another possible petrol price hike in November, there’s growing desperation to save as much as one can when filling up.
South Africa has seen fuel prices balloon to insane levels in 2022, hitting a record high of R26.74 per litre for petrol 95 in July before slowly coming down in subsequent months.
But with the changes come many more hoops to jump through, and the added complexity can be off-putting to consumers. We found that if you are willing to navigate the complexities of earning rules and reward tiers, FNB and Standard Bank offer the biggest savings on fuel.R22.36 per litre Capitec partners with Shell service stations to give customers cash back when they fill up using a linked Shell V+ rewards card.
While the 20 cents per litre reward is exclusive to Capitec customers, the normal V+ reward is 15c per litre, regardless of the bank card used. This does not ‘stack’ if you are a Capitec customer – meaning the actual reward is simply 5 cents per litre more than what you would usually receive using the V+ rewards card with Shell.
According to the document, the Vitality Money fuel rewards work on top of Discovery’s Vitality Drive rewards programme, which offers up to 50% back in fuel purchases. Ostensibly, you could get up to 70% back on fuel purchases, if you’re willing to navigate the complexities of Discovery’s ‘behavioural’ model of rewards.
The first group is the Aspire Current Account – the account that replaced the old ‘gold’ accounts in June. If you are using this account, you can earn a maximum of R150 back in eBucks every month when you swipe your qualifying FNB Aspire card at Engen.quarterlyFor FNB Premier, Private and Private Wealth account holders, the old system of earning up to R4.00 a litre at Engen service stations still stands. This can be increased to R8.
Spending R1,230 to fill a 55 litre tank using this reward would give you the equivalent of between R5.50 and R550 back in eBucks, depending on rewards tier and other qualifiers. For Aspire account holders, the range is R33.00 and R176.00.Like FNB and Absa, the level of fuel reward with Standard Bank’s uCount depends on which reward level customers are at.
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