- Fleet cards are often accepted all over the country allowing drivers to have quality fueling options no matter where they are travelling.
- Reducing Fuel Expenses
- Fuel is the highest expense in the trucking industry next to vehicle maintenance. Fleet cards are an efficient way to diminish fuel expenses with their nationwide discounts. This is one area where fleet cards tend to stand out against fuel credit cards. Credit cards will often give you %2-%5 back on all fuel purchases up to a certain amount then %1 back on the rest, while fleet cards will tend to offer a per gallon discount that don’t have a gallon limit.
- Strong Controls and Fraud Prevention
- Fleet cards have strong controls that allow managers to limit what drivers can purchase, when they can purchase, and how much they can purchase. Having control like this can help prevent fraud or theft and will help reduce costs overall. When fueling with fleet cards, the driver must also input a PIN number and their odometer reading. If fraud or theft were to bypass the other controls, an odometer out of sequence or the wrong PIN would be obvious red flags that the managers could see on their reports.
- An online card management portal for managers is another great control to minimize costs and headaches. An online card management portal allows for managers to lock cards or PINs, change PINs, and see live transactions.
- Fleet cards often provide a few reporting options and services. Almost all GPS software will integrate with fleet card data to assist in accurate record keeping. Fleet cards also provide reporting to assist with International Fuel Tax Agreement (IFTA) filings and constant transaction reports for fleet managers.