Business Fuel Cards

Fuel cards offer many business benefits, helping to both cut and fix the cost of fuel and to reduce administration and fuel claim inaccuracies. But with so many Fuel Cards on the market, it can take time to find out which fuel card is best suited to your business and the way your fleet operates.

TrackCompare helps you quickly identify the right cards for your fleet by comparing the features, coverage and current pricing of the leading fuel card providers in one simple comparison table. To get the greatest benefits from your fuel card it is important that you ensure the areas you work in are well covered by filling stations and that you are receiving the maximum fuel discounts for your vehicles.

Fuel Card Benefits

As well as cutting the cost of fuel another ky benefits that fuel cards offer is that they cut out time consuming receipt processing and deliver a single VAT approved invoice, outlining all fuel transactions made for that period. They can also include purchase restrictions and PIN protection and can even be driver or vehicle specific which helps ensure the purchase card is not abused.

There are two main types of fuel cards available, fixed price and pump price discount.  Fixed price cards are usually more suited to heavy fuel users such as haulage fleets. Fixed price cards offer a set nationwide price updated on a weekly basis, this price is usually lower than pump prices. However with pump price discount cards wider network coverage is usually available.

Benefits Comparison

EU Sixth VAT Directive

The EU Sixth VAT directive is soon to be implemented and all EU member states will be required to levy VAT in the same way. This will stop VAT being claimed on invoices that are not made out in the company name. This means that every litre of fuel could cost an additional 17.5% if employees are still claiming on till receipts. This is one reason that all companies with fleets should look at their fuel management procedures and be considering using fuel cards.

Online Account Management

Most fuel cards now include online account management systems which allow businesses to view fleet management reports at any time as well as ordering new cards and cancelling lost ones and even requesting invoices.

TrackCompare can help you find the right card for you.