Tricia has nearly two decades of experience in commercial and federal government lending. For a fleet that uses 60,000 gallons a year, the website states fuel savings go over $16,000. Mudflap also supports Visa and Mastercard-powered fleet cards. Fuel cards have a range of benefits including: For fleets, the benefits of fuel cards scale up with the company. The payment goes through Mudflap and the receipt is delivered to the users email address. General purpose credit cards with gas rewards are credit cards that offer premium rewards on gas expenses and can be used for any business-related purchase. How do fuel cards for trucking companies work? This article is part of a larger series on Best Small Business Credit Cards. For mixed fleets that may have vehicles requiring both types of fuel, selecting a card that can be used for diesel and gasoline will be important. Earn $500 in cash back. Convenience for Truckers. FleetAdvance mobile app enables instant card top-up, Access time-saving benefits for trucks, including CAT Scale and mobile fueling, Get 65% off new tires and retreads at thousands of maintenance sites across the US, $5 per card, per month is a little expensive compared to other providers. Own Authority guys what kind of fuel card do you use? Weve reviewed and rated the best gas fuel cards for fleets to bring you our top picks for 2023. Like the Shell Small Business card, the Wex Fleet Flexcard also allows businesses to carry a balance at the end of the month rather than paying off their bill in full. Fuel cards built on top of Visa or Mastercard also typically have smaller discounts. New York, NY 10003-1502, California Privacy Rights | Privacy | Terms | Sitemap. The business owner or fleet manager can often place the following limits: The data gathered by each drivers card then feeds into vehicle management software, providing an overview for each driver in terms of: However, the general rule of thumb is that, the higher the fuel discount, the more restrictive the fuel card. It has no setup, monthly, and annual fees, and you can carry a balance each month with interest. Some discount fuel cards for owner operators can save you up to 65% on tire prices, factor your invoices automatically, and provide market insights based on data-driven analytics. Just give us a few details about your business and we'll do the rest. A collection of useful trip-planning tools in one app: GasBuddy covers 150,000 gas stations in all 50 states and Washington DC, providing fuel prices and information on amenities at the chosen refueling spot. Moreover, since its a Mastercard, you can use it to make purchases from other gas stations. This is thanks to the Shell Small Business Card. However, we've included eight alternatives that might be better suited to your fleet. Firstly, it offers far better coverage as it's accepted at 95% of the country's fuel stations, which makes it a better fit for larger interstate fleets. These cards offer rewards on fuel expenses and automatic reporting and online management tools that let you manage your users efficiently. Additional savings on expenses such as repairs, wireless plans, hotels, and more. You can also carry a monthly balance on the card. Designed for smaller fleets, this gas card comes with 24/7 fuel spend reporting, customizable user profiles and spending limits, and fraud prevention controls as does the Business Solutions Mastercard. Fuel cards are therefore becoming increasingly safe against fraud. Applicants do not need to factor invoices with RTS but those with cash flow issues can benefit from their services. Products like phone systems, photocopiers, security systems, and even coffee machines, can ensure your business runs as smooth as possible. Fuelman Deep Saver Fleet Card comes with a slew of perks, one of which is the reward program for each eligible gallon, the account receives one point. RTS Financial's high savings and discounts on diesel make it a fantastic option for cost-savvy trucking fleets but be wary that it may not offer coverage in your area. With the rising cost of fuel and inflation, cutting down on gas costs is crucially important. Great Offer from U.S. Bank, a 2022 World's Most Ethical Company - Ethisphere Institute, February 2022, 0% APR applies to both purchases and balance transfers, Balance transfer fee is charged even during the introductory period, OFFER ENDING SOON: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening, Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Its easy! Money makes the world go round, so youd better ensure your business is equipped to receive payments! With three different cards to choose from, BP enables you to invest in a card that can also meet the needs of your small business. You get the same fuel discounts whether you're an owner-operator or have a fleet of trucks to manage. The good news is that you can save money and increase your bottom line with a fuel card that offers major discounts on fuel along with other great cost-saving benefits. How much you pay for your Fuelman Saver cards will depend on the service package you choose: The major benefit of the Fuelman Mastercard is that it can be used at any gas station where Mastercard payments are accepted which is pretty much all of them! Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards. While the Fuelman Deep Saver Fleet Card does not offer the largest discounts on diesel fuel, the card does offer discounts across a wide network of fuel stops for both diesel and gasoline, which is unusual. Suitable for small fleets, the WEX Fleet Card aims to give you easy visibility and control over your fleet, including spending controls, automated accounting, purchase alerts, and customized reporting. : When you rent a car using your U.S. Bank credit card, youre covered in case of accident or theft on all rentals made worldwide. It's difficult to miss the fact that fuel prices are in a massive state of flux right now. Depending on the card, can also be used to pay tolls and purchase maintenance-related accessories. Plus, take advantage of transaction and tax-exempt reporting to make tax season easier. The research process looked at a number of criteria, including fees, discount savings, and station coverage: Our researchers were able to evaluate each provider to provide Expert Market readers with expert analysis and insight. Why we like it: If you own small to mid-sized fleets and you exclusively fuel up at BP and Amoco, the BP Business Solutions Fuel Plus card is your best option. You cannot use this card to gas up at other gas stations or make other purchases. For payments, checks and MoneyCodes can be issued instantly for seamless payments using the internet, the app, or a phone call. Up to 6 cents with volume-based rebates fuel purchases made at participating BP or Amoco branded locations in the US. First up is the theBusiness Card, which is suited to smaller operations that are based around Chevron and Texacos network of stations (which can mostly be found in the Northwest, Southwest, and Southeast US). Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard the card that gives back on all your eligible business needs. More Details. Comdata's fuel cards cost $5 per card, per month is a little steep, when compared to other providers, such as Wex and Shell that charge $0 for its fuel cards. To top this off, Chevron Texaco's Business card doesn't charge any setup or monthly fees the only additional sum youre at risk of paying with this card is a late fee (minimum $75). on 76 Universal Fuel Card's secure website. Spend monitoring features let you catch frivolous purchases or bad spending habits early. Lost items and items left out of reach that others can see are not covered. In fact, 95% of the countrys fuel stationswelcome it. 0% Intro APR on purchases and balance transfers for 15 billing cycles. With deep discounts and a network of popular fuel stops across the nation and in Canada such as TA Petro, AMBest, and others, the TCS fuel card is a great option for trucking companies and owner operators looking for deep discounts on diesel. The best fuel card for medium and large trucking companies, for fuel expense management is Fleet One Fuel Card. Thanks to partnerships with several top fuel card companies, DATs referral program makes it easy to find a great fuel card that delivers major discounts at little to no cost. This universal fleet gas card comes with much the same benefits as ARCO's business solutions card, but can be used at any fuel station that accepts Mastercard, as well as at ARCO's 1,500 stations. Since larger fleets or regional fleets that frequent the same smaller fuel stops will have more leverage to negotiate discounts, this will be a more attractive option for those trucking companies vs smaller carriers or owner operators. Why we like it: You can save up to 6 cents per gallon starting at five gallons when you gas up at nearly 8,000 Chevron and Texaco stations with the Chevron Texaco Business Access Card. For wider coverage across the country, a better option could be Wex as its fuel cards can be used in 95% of US gas stations. Many fuel card programs come with perks, such as rebates on fuel costs, online spend tracking and controls, and loyalty rewards. How can I maximize your fleets fuel efficiency? The best fuel card for your trucking business will depend on your goals, but there is no shortage of options in the market. The DAT Fuel Card Referral Program helps you find the best fuel card and see discounted fuel on-the-go with the free DAT One mobile app. Some tips from top carriers on how to maximize fuel efficiency on the road include: Of course, the point of improving fuel efficiency is to reduce costs. Chevron Texacos Business Access Card does everything the Business Card does. Cardholders can also take advantage of WEXs roadside services, including towing, winching, tire change, fluid delivery, jump starts, and lockout services. 1% cash back on all other eligible net purchases. Usually, these cards are neither Visa nor Mastercard, so you may not be able to use them for purchases at other stores. 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