Published 21/01/2021
What Is A Fuel Card?
A fuel card is a method of payment used by individuals and businesses to purchase fuel. It is an alternative payment method that companies give to drivers rather than using cash or credit cards. They are used exclusively for fuel and associated products, for example, car wash.
Whereas credit cards will charge credit, fuel cards provide interest free credit.
They provide extra control and security, with the ability to set product restrictions and limits, for example, how many litres can be purchased and the number of times they can be used in a set period of time.
Fuel cards are increasing in popularity every year, with more and more businesses turning to them as their method of fuel payment. This is due to the associated cost savings and security features. Fuel cards are seen as the most cost effective method of fuelling your fleet, helping to improve fleet management plus simplify expenses.
The Fuelwise Fuel Card provides access to over 5,000 fuel stations across the UK and Ireland, the largest fuel card network of any provider.
How Do Fuel Cards Work?
A fuel card is as easy to use as a credit or debit card. Your driver will provide the cashier with their fuel card and the transaction will then be recorded. As the invoices are VAT approved, your drivers will not need to keep copies of the receipts. Not only does this improve your expense process, it makes VAT reclaim a whole lot easier.
In a separate blog post we cover how do fuel cards work in further detail.
How Can My Business Save Using Fuel Cards?
Using a fuel card to purchase company fuel ensures that you pay the best price at all times. As one price is valid at all sites there is no need to drive around searching for the cheapest site which only uses more fuel than it saves.
The process of using fuel cards is also easier for your drivers. They won’t have to be reimbursed for purchases as the fuel card charges directly to the company. This means that your drivers finances remain safe and unaffected.
No matter the number of vehicles in your fleet, the introduction of fuel cards will have an immediate impact on the bottom line.
Fuel cards also save a lot of time when it comes to admin as less time is spend doing VAT reclaims or monitoring employee spend. Invoices come VAT approved and using the online portal you can quickly run reports and check each drivers fuel spend.
What Are The Main Benefits Of A Fuel Card?
Fuel cards provide many benefits, such as cost savings, VAT approved invoices, high quality fuel, increased security, and the ability to link with Telematics systems.
Now that you are aware of how fuel cards work, the next step is to choose a fuel card that is perfect for your business. You can find out more about the Fuelwise Fuel Card and discover the range of benefits you will receive.
Other benefits include;
- Discount fuel prices available
- Reduction in fleet management costs
- Increased security and prevention of fraud
- Online Management Tools
- Monitor filling patterns
- Fleet Efficiency and accurate MPG reporting
- Reduce internal administration costs
- Simple invoicing with clear VAT separation
- No interest on purchases
- No need for receipts
- GPS Vehicle Tracking & Fuel Card Integration
Who Can Get A Fuel Card?
All businesses with company vehicles are eligible to apply for fuel cards.
Whether you have 1 vehicle or 100, you will instantly notice the benefits of fuel cards in either cost savings, increased security or time saved doing admin.
Thousands of businesses across the UK and Ireland are using Fuelwise Fuel Cards to fuel their vehicles.
How Do You Use A Fuel Card?
To use a fuel card follow these instructions;
- Select a fuel station on our network using E-Route
- Fill your vehicle with fuel
- Present your Fuelwise Fuel Card to the cashier
- You will be asked for your PIN and if you wish to record mileage
- The shopkeeper will hand your back and your transaction is complete
Recap
A fuel card is a method of payment used by businesses to pay for their fuel, rather than using cash or credit cards. They offer benefits such as price savings plus increased security. Businesses in the UK and Ireland are eligible to apply for fuel cards which are used by presenting the card to the cashier.
How To Apply For Fuel Cards
You can apply for fuel cards by completing the form below.
Once received a member of our team will contact you.
