December 17, 2020
A fleet fuel card is a charge or credit card used by businesses primarily to fuel and maintain their fleet of company vehicles and help with fleet management. So, is a fleet fuel card right for your company? Check out these reasons on why it just may be.
Interested in learning more about fleet fuel cards? Check out Credit One Bank’s article What is a Fleet Card or Fuel Card?
After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
Ever since internal-combustion-engine vehicles started being used for business, business owners have pondered the best way to keep their vehicles fueled and on the road. Should they use cash, which requires supplying drivers with money upfront? Or have them pay out-of-pocket and reimburse them later, after they’ve submitted expense reports and receipts? Should they invest in on-site fueling, which requires a significant outlay of capital and really only makes sense for companies with larger fleets of vehicles? Or should they use company credit cards, which can be used to purchase most anything, including items companies don’t want their drivers buying?
You pull up to the pump, shut off your engine, and reach for your wallet. You’ve got enough cash in your wallet to fill your tank, but you also have a credit card or two in there, both of which the gas station accepts.