Saving money anywhere you can is crucial if you own a fleet of vans, lorries, or other commercial vehicles. Drivers or commercial trucking fleet owners place a high focus on fuel and maintenance costs.
Fortunately, both of these expenditures may be addressed in a variety of ways using reporting metrics that are accessible on a daily, weekly, and monthly cycle. The usage of fleet gasoline cards can automatically give thorough and fast reporting, which can be essential to the overall performance of the organization. Fuel cards for commercial trucking fleets are an absolute must.
How Do Fleet Fuel Cards Work?
A fleet card, sometimes known as a fuel card, is a payment method that can be used to pay for various vehicle maintenance expenditures as well as fuel at gas stations. This should not be confused with the rewards programs offered at gas stations, which some individuals participate in. Fleet cards operate similarly to charge or credit cards, but they frequently offer thorough reports in real-time.
Either an oil-brand firm, like Shell, or businesses that specialize in issuing cards, like WEX, typically issue fleet cards. We’ll talk about both while assessing the advantages and disadvantages of each.
Using Fleet Fuel Cards
Using a fleet fuel card is comparable to buying gas using a company credit card. While putting your card and filling the tank can be all that is required, the card authorization process might also require more information. The entry of a unit number, current vehicle miles, or a driver number, all of which may be specified by the fleet owner as a way to produce extra reporting metrics or for general monitoring purposes, could be included in this information.
Fleet Fuel Card Advantages
Fuel cards have two main advantages:
- At the gas pump.
- Wholesale pricing is another name for this.
- Reports in real time.
In order to provide the card owner complete control over how the card may be used, fleet fuel cards also enable limits to be put on staff cards, such as the amount of fuel that can be purchased per transaction, per day, and per week.
Fleet Fuel Cards Are for Whom?
All sizes of organizations can use fleet gasoline cards. This comprises:
- Small businesses with two to five trucks.
- Plumbing, electrical, and roofing industries are a few examples.
- Comprehensive national operations.
Fleet gasoline cards can be useful for businesses who own hundreds or thousands of vans. For businesses that buy more than 1,000 gallons of fuel per month, fleet fuel cards are typically advised. Discounts and rebates will often begin to apply or accelerate at this point. For making smaller purchases, business credit cards with fuel incentives can be a better choice.
Coverage of the Network for Fleet Fuel Cards
Knowing how much you’ll save at the pump may make choosing a gasoline card seem straightforward, but network coverage should also be a top priority. When selecting a cell phone provider based on coverage in a certain location, the same reasoning can be used. If the network doesn’t match your purchasing habits, having big savings on a fuel card wouldn’t be realistic.
The most important lesson to learn when selecting a fleet gasoline card is to give special attention to the area where your fleet is operating. While grabbing the biggest discount might be simple, it is of little use if you are unable to use it.
The station-specific cards can be more practical while operating in a small area because they are more readily available there. The universal cards might be a better choice for people who need to drive from coast to coast. There is a lot to think about all in all. What finally best suits your demands should take into account the region, discounts, price structure, controls, and back-end reporting.