Fuel cards are available for the purchase of petrol and other fuels at filling stations across the country. They work by the owner holding an account that has to be paid either weekly or monthly. This then allows them to have credit to spend on fuel, which many people and companies prefer because it removes the need for using cash at stations and is far more secure.
So why would you want to use fuel cards? There are many benefits to them, starting with the discounts you can receive. If you own a company that uses a lot of petrol then an account like this will save you money in the long run. With the rising prices in petrol within this country then this really is a massive benefit for those that use a lot of fuel regularly. Another money saving incentive from fuel cards is that they allow the user to choose from all the different fuels, such as Shell, Esso, Texaco and Keyfuels. This also offers better pricing down to the competition in the fuel industry.
As mentioned previously, the security that comes with fuel cards is another massive selling point. This means company drivers eliminate the need to carry cash with them-which is often a security issue. Also this service also stops fraud, which is another attraction to companies that spend a lot of money on fuels.
Other benefits include invoicing which will allow companies to keep up to date with their spending as well as being able to recover VAT Tax. Not only are fuel cards available in the UK but they can also be purchased for international use-which can be very useful when there is a language barrier.
So overall there are many reasons why your company may want to look into purchasing fuel cards, mainly for the financial benefits as well as providing security to your drivers. Finally, should you decide to get a fuel card make sure that you purchase one from a reputable seller, who will be able to offer you lots of information about your card and the terms and conditions. Most companies will be really helpful and able to answer any questions or concerns you may have about this way of buying fuel. Each month there is no limit to how much you spend on fuel although most companies recommend that you have an expenditure of around two hundred pounds a month.
Author Resource:
Dom Donaldson is a fuel expert.
Find out more about Fuel Cards and the services offered from Forecourt Fuels.
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