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Small businesses with fleets can take advantage of savings and cost management tools built into fleet fuel cards. Depending on the card, you can get between 2 and 8 cents back on each gallon of gas, and you can get bigger discounts through affiliate networks.
Best Fuel Card For Small Fleet
Unlike other business credit cards that charge you all your spending, most fleet cards only offer fuel discounts. And some apply discounts only at specific gas stations. But it's often frustrating for business owners: you can limit these cards to fuel-only purchases, monitor spending in real-time, and set limits on individual cards to best manage your fleet.
Complete Guide: Fuel Cards For Trucks And Fleets ([current_year])
The best fleet fuel cards combine flexibility, control and economy. These cards aren't limited to a specific brand, so you'll get gas discounts at all gas stations, and you can save even more on gas and other purchases through our great partner networks. Plus, you can track spending, manage receipts, and track purchases, when, where, and what for each card.
AtoB is a technology company that combines fuel cards with an expense management platform and a dedicated mobile app to help you manage your fleet and save.
There are two gas cards to choose from, AtoB Unlimited and AtoB Flex, which give you 2-3 cents per gallon for the first three months. After that, you should rely on the AtoB program to find discounts at participating stations in your partner network.
Coastal and Navy fuel cards earn 2 cents on gas and 1 percent on fuel purchases, such as maintenance and equipment, at restaurants and hotels. Beach cards can be used anywhere Visa is accepted (gas stations can only be used to buy fuel).
What Is A Fuel Card? And How To Choose One
Business owners and fleet managers can use Coast's expense management platform to track spending across all active cards and set parameters for each individual fuel card, including restricting certain purchase categories.
WEX offers a range of fleet cards, including branded cards from some of the world's largest fuel chains. But the WEX Fleet FlexCard is our favorite for small businesses.
There is no setup fee or monthly card fee for this card. You can also carry your balance (interest must be paid), this option is not available on Coast and AtoB. You'll get a 3 cents per gallon promotional bonus for the first 180 days.
Unlike Coast and AtoB, the WEX FlexCard can only be used at gas stations in the WEX network. But the chain consists of more than 45,000 gas stations, including BP, Exxon and Shell, as well as smaller chains such as Casey's, Pilot, Flying J and Wawa. And WEX fuel cards include the expense management tools you'd expect from a fleet card.
The Fuel Card
Fuelman offers a range of fleet cards, including diesel only, and has a network of over 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 discount of 8 cents per gallon the first year. However, this comes with a few trade-offs. The monthly fee for the card ranges from $25 to $99, depending on your plan, and there's a $3 fee each time you top up a discount at an out-of-network station. Businesses can also be charged 30 cents per gallon if they miss a payment or their business credit score falls below a certain threshold.
Most major fuel suppliers also offer fleet cards, including BP, Exxon, Shell and Conoco. These fleet fuel cards are usually closed, meaning they can only be used to purchase a specific brand of fuel. A branded card can be a great option if your fleet follows predictable routes and you can ensure access to relevant stops.
Fleet cards, often called fuel cards, are an alternative to commercial gas credit cards for businesses with multiple commercial vehicles. These cards offer fuel-efficient cashback and robust spending management platforms that make it easy to track and manage spending across all active cards.
Fleet Fuel Cards For Small Business
Most fleet cards are business cards, so you have to pay off the balance in full each month. There are some fuel cards that allow you to carry a balance; Usually the trade-off is a lower fuel discount. Many do not require a personal guarantee, making them easier to get than a traditional business credit card because there is no personal credit check.
Fleet cards offer a discount per gallon on gas purchases — a base rate of 2 to 8 cents per gallon, depending on the card — and are generally only available at gas stations.
Branded Fuel Cards: The benefits of this fuel card are above average. For example, Shell and Exxon offer up to 6 cents per gallon -- but only at that brand's gas stations. Also, your actual discount depends on how much fuel you buy; You generally need to make 10,000 gallons per month to get the full discount. Most major branded fuel cards are issued by WEX Bank, and some are accepted in the larger WEX network, with chain-specific discounts.
WEX and Fuelman Fleet Cards: These fleet cards negotiate discounts with gas stations, and the savings are passed on to cardholders at a discount. WEX and Fuelman have large networks of 45,000 and 50,000 stations, respectively, but their cards are rarely accepted outside gas stations and specialty service businesses like tire stores. These cards can offer discounts of 3 to 8 cents per gallon in the first year. After that, payments are determined based on monthly fuel purchases.
Best Fleet Fuel Cards Of 2023
Fleet cards with a major network of credit card issuers: These cards can be used anywhere accepted by their network of partners. For example, Coast and AtoB work on the Visa network. You get a base discount of 2 to 3 cents per gallon, depending on the card, with the possibility of even greater discounts through affiliate networks. This may require a bit of maneuvering as you need to monitor offers via the card app or online platform.
Fleet cards typically also offer robust expense tracking and management, allowing business owners and fleet managers to see actual expenses, set individual card limits, and generate accounting and expense reports. Some fleet fuel cards also offer telemetry tools that allow you to see the real-time location and even fuel levels of each vehicle in your fleet.
The main benefit of fuel cards is cost control – especially for business owners with large fleets. You can save on gas with a business cash back card that often exceeds what fleet cards offer. However, traditional business cards rarely provide the level of tracking and management that fuel cards offer.
Fuel cards are a great option for business owners who manage a fleet of five or more cards, especially if your priority is cost control rather than big savings.
Small Business Fuel Card
Fleet cards are usually prepaid cards and must be paid in full each month (or sometimes weekly), while many fleet cards are only available to affiliated businesses. You can only apply with your employer's ID number and there is often no personal guarantee.
Business gas credit cards may offer higher rewards rates of up to 3% on all purchases, but they lack the ability to track and control spending for multiple employee cards. They can also set a spending cap for this reward rate.
Most business credit cards allow you to carry a monthly balance (with interest) and are available to sole proprietors and small businesses, which is not the case for most fleet cards. However, they require a check and a personal credit guarantee.
If your business operates five or more vehicles: a fleet card can be a great way to save money and manage costs. Although branded fuel cards have a higher cost per gallon, they also have fees, restrictions or other requirements. If you know your costs won't be limited to a single circuit, an open network board like Coast and AtoB can offer a great balance of savings and flexibility.
Best Fuel Cards In Canada: Optimizing Fleet Efficiency & Cost Savings
If your business only operates one or two vehicles: You can earn more with a business gas credit card. Our best deals offer up to 3% back on gas and up to 5% back on other purchases. But even a cash-back card like The American Express Blue Business Cash™ Card, which returns 2% annually on the first $50,000 you spend, doubles the savings of most cards. Conditions apply.
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