Fuel cards allow businesses and individuals to make fuel purchases without the need for cash or credit cards. They are accepted at most gas stations and can be used to fill up vehicles, trucks, boats, and other equipment.
2) Track Fuel Usage
Fuel cards provide a convenient way to track fuel usage and expenses. Transactions are recorded on a monthly statement and can be categorized by vehicle or employee. This information can help businesses better manage their fuel budgets.
3) Control Fuel Usage
Fuel cards can be used to control how much fuel employees can purchase. This can be done by setting a limit on the amount of fuel that can be purchased per day or per month.
4) Get Discounts on Fuel
Some fuel cards offer discounts on fuel purchases. This can be a great benefit for businesses that purchase a lot of fuel. The discount can be in the form of a cents-per-gallon discount or a percentage off the total fuel bill.
5) Manage Fuel Taxes
Fuel cards can help businesses manage fuel taxes. When a fuel purchase is made with a fuel card, the fuel tax is automatically calculated and added to the bill. This can save businesses the time and hassle of having to manually calculate the fuel tax.
Overall, fuel cards can be a convenient, cost-effective way for businesses to purchase fuel. They can also provide valuable information on fuel usage and costs, and help businesses better manage their fuel budgets.
