How can fleets benefit from a fuel card?
For any business, managing your finances and budget can be difficult. This becomes even more complex when you’re responsible for a fleet of vehicles. One simple way to help manage your transport costs is by using fuel cards. Whatever vehicles you manage – vans, cars or a mixture of both, fuel cards can help you save on fuel and give you tools to help monitor and control expenditure. In this article, we’ll look at all the ways in which fleets can benefit from using fuel cards and why you should consider trying them to manage yours.
What is a fuel card?
A fuel card is a type of credit card that can be used to purchase petrol, diesel, and other automotive-related expenses. The fuel card will be linked to a selection of participating petrol stations, where drivers can refuel using it. For example, to help businesses save money, the network of participating petrol stations may be limited to more affordable fuel options. Certain cards may also offer rewards, points or cash back on petrol purchases.
How can a fuel card benefit fleets?
Fuel cards enable businesses to save money on petrol or diesel. And with the current fuel prices, it’s particularly important to save the pennies where possible. Not only this, having a fuel card gives fleet managers and their drivers additional benefits:
- Simplified fleet management.
- Admin, reporting or accounting tools.
- Easy and quick payment.
- Removes the need for individual expenses.
- A payment method for oil, AdBlue and car wash.
- A way to set spending limits.
The different types of fuel cards available
fuelGenie fuel card
It’s completely free to sign-up for and use the original fuelGenie card. Unlike most other providers, there are also no hidden card fees, surcharges or minimum spend requirements. You only need to pay the pump price for the fuel your company uses, and you'll get one simple invoice that lists all the transactions made on your fuelGenie account. And it's free all the time, not just for the first year.
- Manage where and how much your drivers spend on fuel, saving you time and money.
- A competitive financing facility is available.
- Reduce the amount of documentation and processing time for mileage claims.
- You may recover 100% of business fuel VAT with the help of fuelGenie fuel cards, which automatically provides receipts in the form of single invoices for each card with an accurate HMRC-authorised VAT breakdown.
- Create bespoke reports to understand your drivers’ fuel usage and costs.
- Greater control, accuracy, and security compared to credit cards or "pay and claim."
- Drivers collect supermarket loyalty card points at Tesco (Clubcard), Morrisons (My Morrisons or Sainsbury's (Nectar card).
fuelGenie+ fuel card
fuelGenie+ gives businesses everything they love about fuelGenie and more. For just 50p/month per card, your drivers can save on fuel at over 2,200 petrol stations across the UK including most Shell stations.
How to choose the right fuel card for your business
A fuel card can be a great tool for businesses with car fleets, allowing them to effectively manage their fuel costs and usage. The card helps to track expenses, control budgets, and improve efficiency. This allows fleet managers to better allocate funds and ensure they are always getting the best value when it comes to filling up their cars. So, if you’re a fleet business owner, why not apply for a fuelGenie card today?
