Whether you are a driver owner, part of a traditional taxi firm or a driver for an app – fuel cards for taxi drivers are the perfect method to control your fuel spend. Not only can you control your fuel spend, you can also reduce it.
There are many other benefits of fuel cards that taxi drivers can benefit from and in this blog post we will delve deeper into some of them, plus explain how you can get your own fuel card.
How Do Fuel Cards For Taxi Drivers Work?
The Fuelwise Fuel Card is a convenient method of payment for fuel when purchasing diesel or petrol at fuel stations on the site network.
A fuel card works like any other form of payment method – they are similar to both credit and debit cards. Instead of using cash or a card at the time of transaction, your fuel card will be billed and payment is then collected via Direct Debit according to the payment terms you have agreed to.
What Are The Benefits Of Fuel Cards For Taxi Drivers?
There are many different ways that taxi drivers can benefit from using fuel cards. Let’s take a look at some of them below.
No Fees
Fuel cards are great as they don’t have any hidden fees that you need to be aware of. If you choose to use your credit card then you will have to pay interest rates on every transaction or bill. However, fuel cards are interest free. This is great as you only pay for the fuel that you have purchased.
High Quality Fuel
The Fuelwise Fuel Card Site Network contains over 5,250 fuel stations (as of August 2023) and continues to grow each and every month. Check out our latest site network update for new sites.
This means that you have access to all major fuel brands, providing access to the highest quality fuel. With higher quality fuel you will get more miles compared to lower quality fuel. As a result of this you will have to refuel less, helping you to save money.
Large Selection Of Sites
As mentioned above, the Fuelwise Fuel Card provides access to over 5,250 fuel stations. This is the largest independent fuel card site network.
Having access to so many fuel stations means you don’t have to drive around wasting miles searching for the cheapest site. As a taxi driver you never know where you could end up, having a fuel card that has a large site network means you will always have access to fuel stations.
Search for your nearest Fuelwise site today using our online site locator.
Easy VAT Reclaim
When using cash, credit cards or debit cards to purchase fuel you will always have to collect your receipts so you can reclaim your VAT. This can be a long and tiresome process and losing just one receipt means the VAT for that purchase cannot be reclaim.
Fuel cards eliminate this threat and you never have to worry about collecting another receipt. All transactions are provided on your weekly invoice which is VAT approved, making it a quick and easy process to reclaim your VAT.
No Minimum Spend
Similar to no hidden fees, there is no minimum spend when using fuel cards. Some fuel card providers will charge you if you use less than a certain amount each month. This is not the case with Fuelwise Fuel Cards.
Cost Savings
One final benefit of fuel cards for taxi drivers and one of the most popular – you will reduce your costs and save money. You will have a fixed weekly price which you are made aware of via a Text or Email every week. With no price fluctuations you will be able to control your fuel spend and save money that you can spend on other areas of your business.
Are You A Black Cab, Taxi or Minibus Owner Or Driver? Here’s How You Can Get A Fuel Card
We understand how important it is for businesses to save money and time.
You can do both of those by completing the form below. Once received our team will be in contact to discuss the next step.
Dominic Dysart
Dominic has been covering the fuel and fleet management industry for over six years, writing about topics such as Fuel Cards, Telematics and Vehicle Cameras.
