Using fuel cards can help you save money on your fuel costs. There are many ways that you can use a fuel card, so it’s important to find the best one for you. Some of the features that you can find on a fuel card include the ability to restrict the number of gallons you can purchase, and the ability to withdraw cash advances. These features can help you save money and reduce the risk of unauthorized spending and fraud.
Reduce unauthorized spending and fraud
Using a fuel card for your trucking fleet is a great way to reduce unauthorized spending and fraud. But it is important to keep in mind that some fuel card programs do not offer robust controls.
A secure fuel card program can reduce fraud and abuse, and give drivers the freedom to fuel up on their own. Some programs offer purchase controls, which allow managers to restrict the amount of money spent on a particular product, day of the week, or gallons of fuel purchased.
Purchase controls also allow managers to monitor fuel card transactions and spotting irregular activity. This can help reduce internal and external fraud.
Some companies also utilize alternative forms of payment, such as prepaid gas cards, to reduce fraud. However, prepaid gas cards can also be vulnerable to theft. Choosing a secure fuel card program that offers purchase controls, exception reporting, and real-time monitoring is a good way to keep your business safe.
Save on diesel fuel
Whether you are an owner operator or an independent truck driver, a diesel fuel card can help you save on fuel. The good news is that there are several fuel card programs to choose from. Each one offers different benefits and stipulations. You want to choose one that is tailored to your fleet’s needs. You’ll be able to save thousands of dollars each year.
Fuel prices vary depending on a number of factors, including inflation, the cost of oil and the amount of refineries. A good diesel fuel card program will give you a substantial per gallon discount. The higher your fuel volume, the bigger your discount.
The TSD EFS Fuel Card is a good choice for an RV owner. It offers diesel fuel discounts at more than 12,000 truck stops in North America. It can save you between $10 and $15 each time you fill up.
Withdraw cash advances
Using your credit card to withdraw cash can be a big deal. There are many different ways to do it, so it’s important to read the fine print. It is also important to remember that the fees involved may be higher than you expect.
You can withdraw cash from your credit card at an ATM, but you may also incur fees from the ATM operator or from your credit card company. So it’s important to weigh these costs against the savings you’ll likely make.
You can also obtain cash by borrowing it from a friend or family member. This is usually the least expensive way to get cash. However, you do have to be able to pay it back.
Restrict the number of gallons a driver can purchase
Using a fuel card to limit the number of gallons a driver can purchase is a great way to prevent fraud and unauthorized use. It’s also a great way to make sure that only employees are using the card. If the card gets into the wrong hands, it can cause damage to your company.
There are a number of different fuel cards on the market. Some are designed for small businesses and others are for large fleets. Each type of card has its own set of benefits. The best way to determine which type is right for you is to consider the type of business you have and how many vehicles you have.
When choosing a fuel card, it’s important to choose a provider that can help you manage your fuel expenses. The most powerful cards offer a variety of features and custom spending controls. The card can also automatically track purchases and provide insights into your mileage and fueling habits.
Save time
Using a fuel card can be a cost effective way to get a handle on your budget. The most important part of the whole exercise is figuring out what you’re going to buy, which in turn will help you figure out which fuel card is right for you. You might also want to check your fuel card manufacturer’s website for the latest deals, sales and rebates. Using a fuel card is also the best way to get your money’s worth from your gasoline provider. Some cards even offer rewards for racking up your highest prepaid gas prices. A prepaid fuel card may be the best fuel card for you.