5 Reasons to use Fleet Cards
1. The use of a fleet card eliminates the need to carry cash
Increasing the level of security felt by fleet drivers. Aid’s in the elimination of fraudulent transactions from occurring at a fleet owner or manager’s expense. If you use credit cards that’s great except for the fact that your drivers can purchase non-fuel items i.e. coffee, soda, etc. Hopefully, you don’t carry a balance otherwise you’re paying at least 8% – 21% in interest.
2. Control
Superior controls such as; product controls, Gallon limits, Setting the number of transactions per day/week and e-receipt functionality. Suppose you have a fleet of diesel trucks, you know your fleet needs to fuel up (3) times per week, approximately 50 gallons per transaction.
If you use credit cards or cash your not accounting for the “extras” that get thrown on to the bill. i.e. candy bar, coffee, etc. If you’re like some companies you ask for receipts, which is great! However, now you need someone in the office to go through each receipt to reimburse your driver for the expense.
With fleet cards you can set the parameters to ensure that your employees only purchase diesel fuel a maximum of 3 times per week, up-to 50 gallons per transaction.
3. Consolidated reporting
Which do you prefer 1000 fuel receipts to review or two pages of all your transactions for the past week itemized out and broken down by department or cost center. Tough choice.
4. Commercial locations
DeWitt Petroleum also operates a couple retail locations and every couple of months we hear a report that “someone” drove their truck into a pole, canopy or backed into another consumer filling up. For this reason, came “Commercial fueling locations”. Of which, the benefit is a large location that offer plenty of space for large diesel trucks to pull in and out of. Not to mention faster pumps and better coffee.
5. Volume discount programs
Monthly volume is key. Consolidate all of your fueling to one vendor to maximize your volume and buying potential. On another note equally important, if you can’t pay according to the terms under which the volume discount is given then don’t expect a discount.