Fuel card companies make money through a small cut taken out in every purchase. Similar to a regular credit card, fuel card companies will take a small portion of each purchase (typically 2%-3%). This is also why fuel card companies tend to network with gas stations to provide you with discounts.
When an ATM isn’t available or a check isn’t feasible, funds can be dispatched to a card and authorized for withdrawal at any participating truck stop. Fuel purchase isn’t required, so your drivers can simply stop, get the cash they need, and keep on going!
However, fuel cards can’t be used for personal petrol or diesel purposes, so don’t try and make an application if that’s your intention. As long as you’re planning on using a fuel card only to keep your business vehicles running, then you’ll meet the criteria to apply for and use them.
If you have a fleet of cars, vans, electric vehicles, or HGVS, this provides massive savings on a long-term basis. If you’re using a fleet card only temporarily, then you won’t get the same benefits as that. However, the cards are still very convenient for business owners and professionals.
Disadvantages: Restricted to Business Use Only – Fuel card accounts can only be set up by businesses, so can’t be set up for personal use. Find out more about who can apply for fuel cards here.
Fuel cards are the only payment method that offers discounts on fuel. When you select a fuel card, you commit to a specific supplier to provide all the fuel you need to run your fleet. In exchange, you benefit from a lower fuel price, which is usually 1-2 pence per liter below the normal forecourt price.
Fuel cards are essentially credit cards that are limited to fuel-related payments only.
Present your card to the petrol station cashier. When prompted, put your unique PIN into the point of sale (POS) terminal. Provide details of mileage if required (some businesses record mileage) The cashier will then process the payment.
Better fuel efficiency. While there are many tips drivers can try to save money on fuel, fleet cards help you take a data-focused approach. Fuel cards capture more robust data at most brand-name fuel stations, including information like price per gallon, location, driver ID, and odometer readings.
Payment security. Another benefit of using a fuel card is that they tend to be configured to be used to purchase fuel and relevant fuel-related products (AdBlue, for example) only. So, you can rest assured that no unexpected costs will occur and your budgets can stay intact.
Gas cards differ in terms of where you can use them. Some limit you to purchases at their own participating gas stations, while others (typically co-branded with a network logo such as MasterCard or Visa) can be used anywhere within that network.
How does fuel cards make money
Fuel card companies make money through a small cut taken out in every purchase. Similar to a regular credit card, fuel card companies will take a small portion of each purchase (typically 2%-3%). This is also why fuel card companies tend to network with gas stations to provide you with discounts.
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Can you get cash from fuel card
When an ATM isn't available or a check isn't feasible, funds can be dispatched to a card and authorized for withdrawal at any participating truck stop. Fuel purchase isn't required, so your drivers can simply stop, get the cash they need, and keep on going!
Can I use a fuel card for personal use
However, fuel cards can't be used for personal petrol or diesel purposes, so don't try and make an application if that's your intention. As long as you're planning on using a fuel card only to keep your business vehicles running, then you'll meet the criteria to apply for and use them.
Are fuel cards worth it
If you have a fleet of cars, vans, electric vehicles or HGVS, this provides massive savings on a long-term basis. If you're using a fleet card only temporarily, then you won't get the same benefits as that. However, the cards are still very convenient for business owners and professionals.
What is the disadvantage of fuel card
Disadvantages: Restricted to Business Use Only – Fuel card accounts can only be set up by businesses, so can't be set up for personal use. Find out more about who can apply for fuel cards here.
Why do people use fuel cards
Fuel cards are the only payment method that offers discounts on fuel. When you select a fuel card, you commit to a specific supplier to provide all the fuel you need to run your fleet. In exchange, you benefit from a lower fuel price, which is usually 1–2 pence per litre below the normal forecourt price.
Can you buy other things on a fuel card
Fuel cards are essentially credit cards that are limited to fuel-related payments only.
How does fuel card work
Present your card to the petrol station cashier. When prompted, put your unique PIN into the point of sale (POS) terminal. Provide details of mileage if required (some businesses record mileage) The cashier will then process the payment.
Why should I use a fuel card
Better fuel efficiency
While there are many tips drivers can try to save money on fuel, fleet cards help you take a data-focused approach. Fuel cards capture more robust data at most brand-name fuel stations, including information like price per gallon, location, driver ID, and odometer readings.
What can you use fuel card for
Payment security
Another benefit of using a fuel card is that they tend to be configured to be used to purchase fuel and relevant fuel related products (AdBlue for example) only. So, you can rest assured that no unexpected costs will occur and your budgets can stay intact.
Can gas cards be used for anything
Gas cards differ in terms of where you can use them. Some limit you to purchases at their own participating gas stations, while others (typically co-branded with a network logo such as MasterCard or Visa) can be used anywhere within that network.
