Fleet Cards For Your BusinessFleet Cards For Your Business
Gas and Fuel Cards For Business Vehicle Fleets
Having fleet cards is a great way to get a little money back on your car fuel purchases. There are many different types of cards that you can choose from, including prepaid cards, proprietary cards, and more.
Prepaid fuel cards
Whether you have a small or large fleet, a prepaid fuel card can help you control your fuel costs. It’s easy to use, convenient and can help save you time and money.
A fuel card is a credit-based card that you can use to purchase fuel at participating gas stations. It’s easy to use and can be reloaded for free. Some gas stations even offer on-site prepaid cards.
Prepaid fuel cards aren’t as expensive as their traditional counterparts. They also offer a variety of features. They’re reloadable and can be used at any gas station that accepts Visa or MasterCard.
Typically, these cards come with an upfront discount, which may last for six months or so. After that, your monthly card fees will increase. On the other hand, some cards will offer larger discounts, such as a 3 cents per gallon rebate.
Choosing the right fuel card can help you save money on fuel and maintenance costs. It also provides additional funds in case of an emergency. In addition, it can help you keep track of your fuel purchases so you can comply with regulatory reporting requirements.
Prepaid fuel cards for fleets can help you control your fuel costs, manage employee spending and reduce your risk of fraud. They also come with super-granular back-end reporting to help you keep track of your spending.
BP Business Solutions Fuel Plus and Mastercard
BP Business Solutions Fuel Plus and Mastercard fleet cards offer a variety of advantages. They provide secure payment options and discounts on maintenance, fuel, and roadside assistance. You can even get an online portal to help you keep track of your spending. Depending on your business needs, you can choose the card that will best fit your company’s budget and operations.
The BP Business Solutions Fuel Plus card has no monthly fees and is ideal for small to mid-sized fleets. It also offers access to BP/ARCO stations throughout the country. The card works like a credit card and offers savings on fuel of six cents per gallon. You will need to provide a driver ID to purchase fuel.
The BP Business Solutions Mastercard card offers savings at 7,200 fueling stations across the country. The card has enhanced security measures and IFTA tax reporting. BP’s online portal can also help you track your cost per mile. You can also create reports for your vehicles or drivers. It will provide you with real-time notifications when you spend more than the allotted amount.
BP offers real-time monitoring to help trucking fleet managers keep track of spending. You can also set spending limits and customize drivers’ spending habits. The card also provides insights into your vehicle’s mileage, which can help you to make better fueling decisions.
Proprietary fleet cards
Unlike bank-issued credit cards, fleet cards are issued by a single company and are tied to an individual employee. These cards are designed to help businesses manage expenses related to vehicles and fueling. They are also useful for vehicle maintenance and repairs.
Using a fleet card allows companies to monitor their employees’ spending and help them make better financial decisions. The card is usually laser printed with an expiration date, and it may also include an authorized user name.
Some fleet cards offer automatic pump shut-offs, which shut off the gas pump when the card reaches a pre-set limit. However, these features may not be available at all locations.
Other features include real-time alerts, which send email messages to the fleet manager when the card is nearing the limit. Some cards offer rebates at specific locations. Some fleet cards charge a flat monthly fee, while others charge a per-gallon fee. The card may also have merchant restrictions.
Another feature that is available is a real-time dashboard. This allows fleet managers to track their driver’s daily use of the card. This information is especially useful for monitoring the use of fuel.
These cards can be used at gas stations and truck stops, although many companies restrict their use to only those locations that participate in their network.