Small businesses with fleets can benefit from savings and expense management tools built into vehicle fuel cards. Depending on the card, you can earn a base rate of 2 to 8 cents per gallon of fuel, with the potential for even bigger rebates through our partner network.
unlike others business credit card While you can earn rewards on everything you spend, most fleet cards only earn rebates on fuel. Also, some gas stations only offer discounts at certain gas stations. But it's often attractive to business owners. You can limit these cards to fuel-only purchases, track your spending in real-time, and set limits on individual cards to best manage your vehicle.
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Most fleet cards are only available to corporate businesses. Sole proprietors and independent contractors should consider: business gas card Maximize fuel rewards.
best fleet fuel cards
The best fleet fuel cards combine flexibility, control, and savings. These cards aren't restricted to a specific brand, so you can get fuel rebates at almost any gas station and get even more savings on gas and other purchases through our large partner network. Plus, you can track your spending, manage your receipts, and manage purchases for each individual card, including when, where, and what you made.
AtoB is a technology company that combines a fuel card with an expense management platform and dedicated mobile app to help you manage your fleet and save money on the go.
There are two fuel cards to choose from: AtoB Unlimited and AtoB Flex. No matter which card you use, you'll need to use his AtoB app to find discounts. Up to 12 cents per gallon at gas stations and up to 84 cents per gallon for diesel in trucks.
These cards can be used anywhere Visa is accepted, so you're not tied to a specific brand. However, discounts are only available at participating stations in the AtoB partner network.
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Fuel rebate: At participating gas stations using the AtoB app, fuel costs up to 12 cents per gallon and truck diesel costs up to 84 cents per gallon.
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Other rewards: When you use the AtoB app, you get cashback on select services.
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Monthly fee: $3 per month per active card with AtoB Unlimited. AtoB Flex's first five cards are $15 per month, and each additional card is $3 per month.
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Other charges: Setup fee is $35 (unlimited and flex).
The Coastal Fuel and Fleet Card gives you up to 4 cents off your gas bill and 1% back on non-fuel purchases like maintenance and equipment, restaurants and hotels. The Coast Card can be used anywhere Visa is accepted (it can only be used to purchase fuel at gas stations).
Business owners and fleet managers can use Coast's expense management platform to track spending on all active cards and set parameters for individual fuel cards, such as limits for specific purchase categories.
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Fuel rebate: 4 cents per gallon at all Exxon and Mobil locations. 2 cents per gallon at other stations.
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Other rewards: 1% back on non-fuel purchases. Additional discounts available through Coast partners.
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Monthly fee: $4 per month per active card.
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Other charges: $35 for return or late payment.
WEX offers dozens of fleet cards, including branded cards from the world's largest fuel chains. But the WEX Fleet FlexCard is a favorite for small businesses.
This card has no setup fees or monthly fees per card. Plus, you can carry your balance with you (interest rates apply). This is an option not available in Coast and AtoB. Get a promotional rebate of 3 cents per gallon for the first 180 days.
Unlike Coast and AtoB, the WEX FlexCard can only be used at gas stations within the WEX network. But its network includes more than 45,000 gas stations, including BP, Exxon, and Shell, as well as smaller chains like Casey's, Pilot, Flying J, and Wawa. The WEX Fuel Card also comes with the spend management tools you would expect from a fleet card.
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Fuel rebate: 3 cents per gallon for the first 180 days.
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Other charges: $50 refund fee. If payment is late, the greater of $75 or 6.99% of the account balance.
Other fuel cards to consider
Fuelman offers a variety of fleet cards, including diesel-only options, and has a network of more than 50,000 stations.
If you're looking for the biggest discount possible, the Fuelman Mixed Fleet card beats most other fuel cards with a base rebate of 8 cents per gallon for the first year. However, it comes with some tradeoffs. Monthly fees for this card range from $25 to $99 depending on the plan, and there's a $3 fee whenever you refuel at a station outside of the discount network. If a business fails to pay, or if a business' credit score falls below a certain threshold, the business could also be subject to a 30 cents per gallon fee.
Most major fuel companies also offer fleet cards, including BP, Exxon, Shell, and Conoco. These vehicle fuel cards are typically closed-loop cards and can only be used to purchase fuel for that particular brand. Branded cards are a great option if your vehicle operates on a predictable route and can ensure access to targeted stations.
What is a fleet card?
Fleet cards (also known as fuel cards) are an alternative to business gas credit cards for businesses that own multiple commercial vehicles. These cards offer fuel rebates and a robust expense management platform that allows you to easily track and manage your spending across all your active cards.
Most fleet cards are business charge card, so you will need to pay your balance in full every month. There are several fuel cards that allow you to carry a balance. The tradeoff is usually lower fuel rebates. Many credit cards also don't require a personal guarantee, making them easier to obtain than traditional business credit cards since there's no personal credit check.
How does Fleet Card work?
Fleet cards offer per-gallon rebates on fuel purchases (base rates range from 2 to 8 cents per gallon, depending on the card) and can typically only be used at gas stations.
How a fleet card works depends on its issuer and partner network.
Brand fuel card: These fuel cards come with above-average rebates. For example, Shell and Exxon sell for up to 6 cents a gallon, but only at their branded gas stations. Additionally, your actual rebate will vary depending on the amount of fuel you purchase. Typically, you need to reach 10,000 gallons per month to get the full rebate. Most of the major brand fuel cards are issued by His WEX Bank, and some are accepted within the large His WEX network, but rebates remain tied to specific chains.
WEX and Fuelman Fleet Cards: These fleet cards negotiate discounted prices with gas stations and pass those savings on to cardholders through rebates. WEX and Fuelman have large networks of 45,000 and 50,000 stations, respectively, but their cards are rarely accepted outside of specialty maintenance retailers like gas stations and tire shops. These cards may offer a set rebate of 3 cents to 8 cents per gallon in the first year. Rebates are then based on monthly fuel purchases.
Fleet cards that work with major credit card issuer networks: These cards can be used anywhere our partner network is accepted. For example, Coast and AtoB run on Visa's network. Depending on the card, you can earn a base rebate of 2 to 3 cents per gallon, but you may be able to earn even larger rebates through our partner network. However, this may require some effort as you will need to track the offer through the card's app or online platform.
Fleet Expense Management Tool
Fleet cards also typically offer robust expense tracking and management, allowing business owners and fleet managers to view spending in real-time, set limits for each individual card, and generate accounting and expense reports. Become. Some vehicle fuel cards also offer telemetry tools that allow you to see the location and fuel level of each vehicle in your fleet in real time.
Vehicle fuel card: advantages and disadvantages
The main appeal of fuel cards is the ability to control spending, especially for business owners with large fleets. Cashback business cards can help you save money on gas, often more so than fleet cards. But traditional business cards rarely offer the level of tracking and control that fuel cards do.
Other advantages and disadvantages to consider include:
advantage
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Expense tracking and management tools.
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Easily issue, revoke, and reassign employee cards.
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Many are available without a personal guarantee or credit check.
Disadvantage
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Discounts are usually limited to specific chains or even specific states or regions.
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Charge cards require payment in full each billing period.
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Purchases and discounts are typically limited to fuel purchases.
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It is often not available to sole traders or other incorporated businesses.
Comparison of fuel cards and business gas credit cards
Fuel cards are a great option for business owners who manage five or more vehicles, especially if they prioritize expense control over maximum savings.
Fleet cards are typically charge cards, which means you have to pay the full amount every month (sometimes weekly), and many fleet cards are only available to corporate businesses. In some cases, you may be able to apply with just your employer's identification number, but in many cases there is no personal guarantee.
Business gas credit cards offer high returns of up to 3% on total purchases, but lack the ability to track and manage spending across multiple employee cards. In some cases, a spending limit may be set on the compensation rate.
While most business credit cards allow you to maintain a monthly balance (with interest) and are available to sole traders and corporate businesses, this cannot be said for most fleet cards. However, a personal credit check and guarantee are required.
Does your business need a vehicle fuel card?
If your business operates more than 5 vehicles: Fleet cards are a great tool for saving money and managing your spending. Branded fuel cards boast higher rebates per gallon, but tend to have other fees, restrictions, and requirements. If you know that your spending will not be limited to his one chain, open network cards like Coast or AtoB will give you a good balance of savings and flexibility.
If your business only operates one or two vehicles: You may be able to earn bigger rewards with a business gas credit card. Our popular products give you up to 3% back on your gas bill, plus up to 5% back on other purchases.But even the general cashback business card like American Express Blue Business Cash™ Cardearns 2% back on the first $50,000 spent each year, double the savings of many fleet cards. Terms and conditions apply.