Whether you're a start-up or a growing business, a fuel card can provide various benefits. If you have never used or even thought about applying for a fuel card, then I'm afraid to say that you are already behind some of your competitors, Fleetmaxx talks in-depth below about the pros and the cons..

Different cards will try to turn your head with big-name branding, and others will try to entice you with their deals and offers, but in the end, all you should feel at the end of purchasing a fuel card is that you've got the best deal possible for your business. Read on to find out how to choose the correct fuel card for your business.

Should You Purchase a Fuel Card?

First and foremost, ask yourself: do I need a fuel card? Suppose you're operating your own business, using only one vehicle in a relatively remote location. In that case, fuel cards may not offer as many benefits and could sometimes cost you more than simply paying at the pump. However, if you have analysed your situation and know that this will save you money, then you should research and compare what's out there.

Be aware of the different types of fuel card

This is probably the most complicated part of fuel cards, and you must understand that there are different forms of fuel cards that you can use.

Fixed Price or Pump Price Fuel Card?

As the name suggests, certain fuel cards allow your drivers to pay a fixed price for fuel; this is highly beneficial if you are trying to manage fuel costs. Pump price cards are a little different as they allow drivers to fill up at extra locations, but the price paid is what's seen at the pump.

What Coverage Do You Require?

Depending on how far your business stretches, you must consider whether you need local, regional or national fuel cards, as they all provide different benefits.

Local Fuel Cards

• If you work in a town or city, it's crucial to consider your area's fuel stations. There's no advantage in opting for a branded card if there's a small selection of stations, as you may have to go out of your way to fill up, reducing your savings and flexibility.

Regional Fuel Cards

• Regional fuel cards are excellent for businesses which may require you to work out with your regular jurisdiction if you are on call etc. Check if certain branded service stations are standard in your area before you commit to a card.

National Fuel Cards

• If your business is quite a big name or popular across the country, then a national fuel card is the one for you. You might also want to consider a card which allows you and your employees to purchase other items, such as food.

What Fuel Type Do You Use?

Do you use petrol, diesel or both? Different businesses have different needs, and you should know you can get petrol, diesel, and mixed fuel cards. You can also purchase EV fuel cards.

Do Fuel Cards Help with Spending Control?

One of the significant benefits of fuel cards is the power to restrict what is purchased. Cards can sometimes be limited to fuel or designed to allow you to pay for other business expenses such as hotels and food. In turn, this will reduce the time employees spend filling out expense forms.

Other Benefits Worth Mentioning

Like most products, fuel cards will offer extra benefits to entice you: Whether it's breakdown cover or discount on certain food chains, ensure that will benefit your business.

Choose Your Fuel Card Wisely

After reading this article, we hope you know what fuel cards are and how to choose the correct one for your business. It's essential to keep reviewing how your card is performing and if it's still meeting the needs of your business. Remember that business fuel cards can change over time, so ensure it still benefits you in the best possible way.

Contact Fleetmaxx to find out more Here.