March 19, 2008
Managing your Company Gas Expenses with Fuel Cards
By admin
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Many companies grow and the needs for transportation increases at the same pace. Whether it is a company that affords to pay its executives for the fuel consumption derived from their work activities or is a company dedicated to the transportation business, fuel is usually one of the variable expenses that needs control to prevent unauthorized use. And it is also an item to be taken of, as to avoid sudden increases. Furthermore, if fuel expenses are high, it might be wise to get some discount off the price we pay.
Fuel Card: making gas payments by credit card
Fuel Cards are essentially credit cards, targeted at the fuel consumption. In that sense, fuel cards are general, and they can be used either by individuals or organizations (companies).
They have been around for a while, and many credit cardholders are offered to receive such product at the time of approval or a bit later.
The Gas Card Approach
Gas Cards are very used to pay for fuel and have been popularized among businesses and individuals. The scheme is easy, one gets special discounts and credit to get fuel.
The benefits of using a credit card to obtain fuel, are both beyond this scope and fairly obvious, and I would point to the fact that the offer of gas cards is nowadays extensive.
The Fleet Card Approach
Fleet Cards are similar to Gas Cards, though they have some outstanding differences, which in turn, make them fit perfectly to the sake of the business needs.
A fleet card is in essence a credit card to obtain fuel. But it does have some of the following features listed below.
- Fees are lower compared to Conventional Gas Cards.
- Help the business manager to control the expenses through extensive and promptly reporting.
- Due to the closed control allowed, frauds and spills of fuel can be reduced substantially.
- Fleet Cards allow to restrict the purchases and block specific cards, according to the needs of the company.
- Fleet Cards are meant to be used through a network of authorized merchants, thus making it easy to locate a point of service and to restrict the fuel consumption.
Fleet Cards USA
It is a company that - by means of a specialized portal - helps the businessmen find the best suited Fleet Card, based on a simple search implemented at its website.
It also features a merchant locator, that serves to provide the customer with the nearest station to the location specified.
For the sake of briefness: the company offers the service of finding the best fleet card and also, some interesting supporting information for the potential customers.
Choice of Networks at Fleet Cards USA
The company works with the top Fleet Cards of the industry. Each one of them has different offerings and requirements to apply. It’s the job of the company to advice you on the best suited for the customer.
- BP Business Solutions Cards
- ARCO Business Solutions Cards
- CITGOFleet Cards
- Fuelman Cards
Most of them - nevertheless - offer interesting discounts in the price of fuel, but - as stated before - each one of them may require and offer different features.
Why to Apply for a Fleet Card
According to what was exposed above, I might conclude that if any or all of the following conditions apply to your business it’s time to consider the option.
- Fuel Expenses Partially Uncontrolled or vary substantially from week to week.
- The company is increasing (or planning to increase) the number of vehicles.
- The company does not use any type of card currently (to pay for fuel).
Topics: Credit |
8 Responses to “Managing your Company Gas Expenses with Fuel Cards”
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March 19th, 2008 at 1:16 am
[...] Managing your Company Gas Expenses with Fuel Cards Many companies grow and the needs for transportation increases at the same pace. Whether it is a company that affords to pay its executives for the fuel consumption derived from their work activities or is a company dedicated to the transportation business, fuel is usually one of the variable expenses that needs control to prevent unauthorized use. And it is also an item to be taken of, as to avoid sudden increases. Furthermore, if fuel expenses are high, it might be wise to get some discount o [...]
March 19th, 2008 at 1:24 am
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March 19th, 2008 at 1:25 am
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April 1st, 2008 at 4:40 am
TIPS ABOUT BUSINESS CREDIT…
SmartMoney points out that PayPal Pay Later and Bill Me Later both offer zero- liability policies for unauthorized charges; however, it is more difficult to dispute charges. While you may be less vulnerable to identity thieves or criminals phishing for…
April 8th, 2008 at 3:15 am
SmartMoney points out that PayPal Pay Later and Bill Me Later both offer zero- liability policies for unauthorized charges; however, it is more difficult to dispute charges. While you may be less vulnerable to identity thieves or criminals phishing for your personal information, you may be more vulnerable to fraudulent sellers. By the time you’ ve escalated your complaint to the payment service, the seller could have dashed with your money. Since you authorized the charge, it will be more difficult to recoup…