Your company has made a decision to get its initial fleet fuel card or probably you are tired of your existing supplier. What are you mosting likely to do?
There are many different fleet fuel cards available, but like many things not everything is produced equivalent. On the surface for most people they all look the same and all function the exact same but do they? NO!
When searching for a fleet fuel card the first thing to do is establish what type of card you need. There are cards that function much better for Over the Roadway truck fleets. The card is used at vehicle stops like Pilot, Traveling Centers of America, and so on. The king in this area is Comdata. They were the initial to market in that area and also control concerning 70% of that market segment.
The other location is what is considered retail fueling. These would certainly be your even more normal retail areas like BP, Chevron, etc. The manufacturer in this market is Wright Express (WEX). They made their service from little fleets that required controlled costs at retail locations.
These 2 fleet gas cards aren’t the only ones out there, you could have become aware of FleetOne, Voyager, EFS, T-Chek, 360FuelCard. com, and also Fuelman among others. A couple of have links with MasterCard which makes those cards extra flexible and also extra extensively approved.
What you desire the fleet gas card to provide to you is info concerning your gas purchases and also controls over your fuel spend. When talking with these firms it is important to find out what they need to supply to you on their fleet card.
The various other locations to which you want to pay attention are the charges the gas card company is going to charge you each month. Will certainly it be a flat regular monthly cost per card, a deal cost when you gas, an account charge or do they have high late charge costs or charges to process your billings. Another area of cost is what they will charge the supplier that approves their fleet fuel card. The greater the costs the gas card provider bills the supplier in purchase charges the less likely it is that you will certainly be able to negotiate a discount rate.
Consider the fleet gas cards like Visa, MasterCard, and also American Express as far as cost. If you presently utilize among these cards for getting points aside from fuel, not all merchants accept American Express. It is not that they do not such as AMEX, they don’t like the greater deal charges that they charge them.
The exact same is true for your fleet fuel card. Particular cards like Voyager as well as WEX have higher deal costs than various other cards like Fuelman and also Comdata. If you go to your retail gas place and ask for a discount and also the distinction for them to approve one card as opposed to the other could be 6 cents a gallon or even more and they just do not have that much earnings margin. Consequently you will pay the complete market price.
Another point to take into consideration, a number of fuel firms have gas discounts constructed into their card so you might get a penny to 5 cents off. Testimonial as well as check their listing of accepting areas to determine if they are logistically a great fit for you operation. The very best recommendations is to review a minimum of 3 various companies to see what they have to offer. In recap seek:
• Best Approval for your procedure, retail or over the roadway ( vehicle stops).
• Study the different cards around. Just because they are the biggest does not suggest they are the most effective for you.
• What controls do they have available on the card to manage theft?
• Just how much are the deal costs for all entailed?
• What sort of price cut gas network do they have?
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