Tue, 5 March 2019
Whether it’s commuting between different work locations, getting on the road to see customers or taking clients from A to B, your company’s cars will always be on the move.
If you reimburse employees for their mileage in your cars, using fuel cards can help save money. We’ve outlined how these cards help your business and listed the top five fuel card options for cars.
Your business may use petrol cars, it might use diesel cars, or it could use both. Even if your employees use plug-in hybrid cars and need a card to pay for electric charging as well as liquid fuel, you’ll be able to use a fuel card to save money and streamline admin tasks for your company.
Fuel cards are available for petrol and diesel cars. You can pick from the biggest brands and use them to refill your car at stations across the UK and Europe.
Below, we’ve explained three of the top ways fuel cards benefit your business.
Fuel cards offer a variety of discounts on petrol and diesel. This can be a percentage discount off the pump price, a weekly fixed price that may save more depending on your region, or tracker prices that follow the wholesale fuel price with only a small premium added.
Do you have the resources to run through every single fuel transaction to make sure your drivers are purchasing the most cost-effective diesel and petrol? Probably not if they’re buying their fuel by cash and the paper receipts are then logged manually.
Fuel cards free up your resources because every transaction is recorded electronically and automatically. This saves a huge amount of time for your business, freeing up you or your staff to review every diesel and petrol purchase in aggregate by driver, location or purchase amount, to spot any opportunities to make savings.
Do receipts often go missing, causing no end of unnecessary work for you or your bookkeeper because HMRC demands that these must be recorded and kept for four years?
What about the stress and time involved in claiming all the VAT back on fuel as well?
Using fuel cards for your cars can cut out a huge amount of the expenses claims hassle that your business has to deal with. They keep an online record of what you spend and what you owe. This means manually logging receipts is a thing of the past — and so is reimbursing your drivers for the fuel they use to fill company cars.
Is your business locally based? Perhaps it requires regional transport.
Do you need to travel throughout the UK? You might even drive across Europe.
Whatever the needs of your business, there’s a fuel card for you, that is accepted at filling stations where you need them. There are fuel cards that let you fill up at supermarkets, ones that allow you to use the biggest fuel companies in the UK, Cards for multi-brand networks and fuel cards that you can use throughout Europe.
There are thousands of stations where you can use your fuel card.
There’s an enormous choice of cards for cars and it may be that you decide more than one different fuel card would best fulfil all the needs of your business.
But there are some key things to keep in mind. Does the fuel card:
Our experts have highlighted five cards that do all of these things. Click on the links below to learn more about how each card can help your business and start your application process.
|Fuel Card Name||Key Benefit||iCompario Star Rating|
|BP Plus Fuel Card||Massive branded fuel network||⭐⭐⭐⭐⭐|
|Esso Europe Fuel Card||Use in 28 European nations||⭐⭐⭐⭐|
|fuelGenie Fuel Card||Buy fuel at supermarket cost||⭐⭐⭐⭐|
|Shell Multi-Network Fuel Card||Weekly fixed prices||⭐⭐⭐⭐|
|Texaco Fastfuel Fuel Card||Pay wholesale price for fuel||⭐⭐⭐⭐|
We’ve highlighted the five best fuel cards for cars that our experts have found for you but they aren’t the only options available to your business. You can see how the cards recommended by our experts compare to the others we offer by using our fuel card comparison form.
Having fuel cards can save your business money, do your driver fuel expenses claims automatically and make it a 30-second job to reclaim your fuel VAT. As a free comparison site, iCompario can find you offers on cards from all the big oil companies or multi-brand cards, and deals with no minimum purchase or tie-in contracts.