Fuel Cards

Asda Fuel Cards

A Guide to Asda Fuel Cards

For businesses both small and large, fuel cards are an ideal and convenient solution to many fleet management and admin-related problems. As we will explore in this guide, fuel cards dramatically reduce the day-to-day burdens of commercial fleet management by making paperwork simpler and more streamlined, holding drivers to account for their fleet activity, and allowing fleet managers to benefit from a top-down view of how everything is ticking along.

In short, fuel cards like an Asda Fuel Card ensure that your fleet is operating at maximum efficiency.

Thanks to all the benefits that come with fuel cards, they have grown massively in popularity in recent years. Today, thousands of UK businesses—from the very small to the very large—use fuel cards to keep their commercial fleets chugging along.

When you deploy the right commercial fuel card within your business, whether the right one is an Asda Fuel Card or one from a different operator, you can easily streamline your company's fleet and everything that comes along with it. This eliminates many of the hassles and stresses associated with fleet management, no matter its size.

In this guide, we are going to look at Asda Fuel Cards, and fuel cards in general, to help you make an informed decision.

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About Asda

Asda is a British supermarket retailer with its headquarters in Leeds, West Yorkshire. Founded in 1949 and acquired by the American retail giant Walmart in 1999, Asda now has over 630 locations throughout the UK. It is the second-largest supermarket chain in Britain sitting behind Tesco and ahead of Sainsbury’s.

Asda was the first British supermarket chain to sell fuel at its old Halifax store back in 1967. Asda also trialled two standalone petrol filling stations in 2012 in Manchester and Leeds. These are not attached to a larger Asda store and instead operate like a more typical roadside petrol station—fuel pumps with a very small convenience store. In 2014, this scheme was given the go-ahead and other locations opened cross the UK. By 2018, the company had 100 standalone forecourts.

About the Asda Fuel Card

Whilst the likes of Morrisons and Tesco have paired themselves up with other fleet card providers, Asda’s own petrol card has yet to gain momentum; at this moment in time there is no dedicated ‘Asda Fuel Card’ and there is nothing to suggest that it is going to be coming to the market at any point in the future.

Right now, the main incentive to use Asda petrol stations at the moment is by using an Asda credit card to pay for your purchase. This is because the card offers discounts on petrol purchases.

For larger business fleets, however, the Asda credit card’s offered savings don’t come close to the savings and other benefits that a fuel card can deliver. Therefore, you are far better off going with another supermarket fuel card and we will look at these below instead.

But First, what is a Fuel Card?

A fuel card (or ‘fleet card’) is a payment product that lets a company’s drivers purchase fuel for the vehicles they drive as part of their employment. Business operators are free to decide when their fuel cards can be used, however, purchases are often restricted to fuel or fuel-related purchases.

Just like with any other fuel card, a fuel card, including a supermarket fuel card, is a payment product that looks almost identical to a credit or debit card and is used in the same way. The primary distinction between a supermarket fuel card and a regular payment card (e.g. a company’s credit card issued to an employee) is that a fuel card can almost always only be used for fuel or fuel-related purchases at specified fuel stations.

Using a supermarket fuel card, your fleet drivers can fill up their fleet vehicles as normal and then use their supermarket fuel card to ‘pay’ for the drawn fuel. Every so often, you will be sent an invoice with a single figure plus VAT for the total amount of fuel drawn by your fleet drivers. This single figure makes the admin-side of things a complete breeze and your drivers will be happy because they don’t have to handle receipts or claim expenses.

How Do Fuel Cards Work?

Every fuel card works in the same way—it’s sort of like a store card or voucher but exclusively for fuel-related purchases.

Most fuel cards are printed with your company’s name on it and the registration of the vehicle to which the card is assigned. Cards may also be assigned to specific fleet drivers. The card will also have its own magnetic strip, signature strip, and chip for PIN code authentication purposes.

Most fuel cards, including all supermarket fuel cards currently available on the market, will also come with its own online fleet management dashboard where you can manage your fleet cards, view invoices, and see fuel usage in real-time.

Where Can My Drivers Use a Supermarket Fuel Card?

That depends which supermarket fuel card your drivers are using—there are plenty on the market that you can choose from. While the places where supermarket fuel cards can be used varies between providers, they all come with these general features:

  • 24-hour account management via a fleet management dashboard;
  • PIN code protection;
  • Competitively priced fuel at supermarket forecourts;
  • HMRC-approved invoices; and
  • Full administrative card control.

Here’s a look at some of the supermarket fuel cards currently available on the market.

The fuelGenie Supermarket Fuel Card

fuelGenie’s supermarket fuel card is a great Asda Fuel Card alternative. Both Tesco and Morrisons have associated themselves with fuelGenie. The card is designed specifically for use on supermarket forecourts and customers get several benefits, including:

  • Access to over 1,000 supermarket forecourts nationwide
  • Competitively priced fuel with no hidden fees or up-front costs
  • Electronic invoicing and online fleet management
  • Interest-free credit, subject to status
  • No card charges or account fees
  • The ability to collect loyalty points on eligible purchases
  • Oil and car washes in addition to fuel purchases

As a supermarket fuel card, the fuelGenie Fuel Card is ideal for businesses where fleet drivers spent a lot of time driving around more local and urbanised areas, such as inner cities, instead of the motorway network.

The Texaco Fastfuel Fuel Card

The Texaco Fastfuel Fuel Card provides flexibility to operators of car and van fleets that operate nationwide. At a glance, the Fastfuel card:

  • Provides access to a network of over 3,300 stations, including 300 at Morrisons;
  • Features competitive fixed weekly wholesale diesel and petrol prices;
  • Clear, concise HMRC-approved invoices;
  • The Velocity fleet management system.

The huge 3,000-strong network combines over 800 Texaco filling stations in both town and rural areas with the additional convenience of 2,500 more UK Fuels sites that can be found on motorways and A roads nationwide. This makes the Fastfuel card perfect for businesses both small and large that operate a fleet nationwide, not just in a specific local area.

This card gives fleet drivers the best of both worlds with both supermarket and non-supermarket forecourt access. Without a doubt, Texaco Fastfuel should be a go-to card for any business with a fleet with true national coverage through towns and cities, up and down motorways, and out in the sticks.

Benefits of Using a Supermarket Fuel Card

There are lots of general benefits associated with the use of a fuel card. Three of the many benefits include streamlined admin, cheaper fuel, and fleet tracking and monitoring.

1. Your business will save time on fleet admin

Fleet admin is often boring, stressful, and expensive all at the same time. When your drivers pay for their fuel through their own or a company credit card, this creates a lot of paperwork.

Not only do drivers need to keep their receipts and claim expenses if they purchase fuel with their own money, but your staff must trawl through all these receipts and transactions and cross-reference them with fuel usage, mileage, and your drivers’ journeys.

When a fuel card is used, all purchases are automatically collated, and you are periodically sent a HMRC-friendly invoice with a single figure for your fuel spend. This eliminates all the above and more.

2. Your business will get some of the lowest fuel prices available

Supermarkets often have the lowest pump pricing available anywhere. This is because supermarkets buy their fuel in bulk at wholesale prices and then pass those savings on to customers instead of pocketing a higher profit margin.

The rationale behind this is that by offering the lowest prices on fuel, customers will be inclined to not only use their forecourts but also go in their stores and make additional purchases. This helps supermarkets draw in customers that they otherwise may not have gotten.

3. Your business will benefit from tracking and fraud protection

When your drivers use their own payment methods (or even your company’s own credit cards), you run the risk of being the victim of fuel-related fraud such as falsified expenses or unauthorised purchases.

This is because these payment methods are not locked to fuel-related transactions unlike a fuel card is. With a fuel card, all card transactions are fully tracked and auditable and because purchases are restricted to fuel-related purchases at specific service stations, there is no chance of your company being out of pocket for unauthorised purchases.

Choosing the Right Fuel Card for Your Business

Although all fuel cards are the same in substance, they differ in some of the finer details. As you will have seen throughout this guide, there are variances in fuel station access and card features such as fees and charges availability of credit, and fringe benefits such as supermarket points.

As such, there is no ‘ideal’ or ‘best’ fuel card. What is right for your business will depend on factors that only you can account for and this is why it is important to weigh up and compare your fuel card options before you commit to one.

Compare Supermarket Fuel Cards

Why not compare these supermarket fuel cards alongside a huge range of other ones? This way, you will see for yourself which one will provide your business with the best value for money, amongst other things.

Several supermarket fuel cards can be found and compared against others through the iCompario website.

iCompario is operated by fuel card experts with over 30 years’ industry experience. By using their clever tool, you can quickly compare supermarket fuel cards alongside a range of cards from other providers. iCompario’s fuel card experts are also on-hand to help should you need it.