Fuel cards are the smartest way for fleets to optimize and control their fuel costs. These cards make expense reporting and budgeting easy while offering a variety of other benefits.
They provide discounts at a network of partnered truck stops and additional partner discounts for hotel rooms, maintenance, and truck accessories. Plus, they automatically record purchase data and generate automated IFTA tax reports.
Easy to Use
Whether for owner-operators or fleet managers, the best fuel cards for truckers make it easy and convenient for drivers to purchase fuel and access additional discounts and savings. They allow truckers to avoid carrying cash on the road and eliminate the need for them to keep and report paper receipts. Fuel cards can be used at any fuel station that accepts them. They’re also more secure than carrying cash and can help reduce the risk of theft or assault on the road.
Some of the top fuel card providers offer features that go above and beyond traditional credit cards to provide convenience and control for truckers. This includes real-time tracking of fuel purchases, automation of IFTA reports, and setting spending controls. These features give drivers and managers peace of mind that they’re maximizing their savings, no matter what route or region they are traveling in.
The best truck fuel card options include additional benefits such as discounts on maintenance and repair services, tires, or lodging. This helps truckers reduce their total cost of ownership and increase profits. Moreover, some of these trucking fuel cards also offer rebates on diesel fuel to help maximize savings. This makes them a good choice for large and small fleets. In addition, they don’t have monthly fees, transaction fees, or other general charges typically associated with other purchasing programs.
Save Money
A huge chunk of any trucking business’s budget goes into fuel purchases. As such, every trucker must find ways to manage these expenses effectively to maximize their profit margin. One way to do so is by using a fuel card. These payment cards offer discounts on gas and diesel at a network of truck stops. Often, they also have features that allow fleets to track spending in real-time, set spending controls, easily audit expenses, automate IFTA reporting, and more via an online account. For fleet managers, these programs can help save thousands in fuel costs per year.
In addition, they help ensure that each driver is taking the prescribed route and abstaining from dishonest driving practices that raise fuel expenses. Some even include pin codes, driver IDs, odometer readings, and more to prevent fraud and theft. The fuel card’s convenience and ease of use for truck drivers make it an excellent alternative to carrying cash on the road. Many of these programs also offer partner discounts on hotels and maintenance services, which can further reduce trucking expenses. Sometimes, you can even find a fuel card that can double as a credit card for added savings.
Convenient
Fuel cards are a great solution for trucking businesses to manage fuel expenses. They can be used to purchase fuel across a wide network of truck stops and provide savings on both petrol and diesel. They also allow fleet owners to track their spending and savings through comprehensive reports, which can help them optimize their business processes. In addition, some companies offering fuel card solutions provide additional benefits such as dashboard snapshots, fuel station locators, and personalized account management for trucking fleets.
A key benefit of fuel cards is that they eliminate the need for drivers to carry cash while refueling their trucks. This helps them avoid theft and provides convenience when buying fuel. Additionally, trucking fuel cards can help companies manage their expenses by allowing them to set purchase controls that limit the types of purchases drivers can make, helping prevent unnecessary spending.
Regardless of the type of trucking fuel card you choose, you can be sure it will offer a wide range of features that will benefit your business.
Safe
With fuel costs rising continuously, owner-operators must make smart decisions to reduce expenses. One of the best ways to do this is by signing up for a trucking fuel card. Fuel cards (also referred to as savings cards) help fleets obtain discounts on diesel and gasoline purchases through a nationwide network of truck stops.
These cards typically provide more control to the company than traditional credit cards, allowing managers to set spending limits and restrictions on who can purchase what. They can also track and monitor transactions. Additionally, some cards offer accounting features and end-of-month invoicing to streamline documentation processes. Unlike traditional credit cards, which often require drivers to sign receipts and have their ID checked upon each transaction, most fuel cards allow drivers to swipe the card and go. This reduces downtime and eliminates the need to keep cash on hand.
