Services & Benefits

Our fuel cards or a credit card? There’s only one answer

In the table below, we take a look at why using a fuel card to purchase fuel can be extremely advantageous to your company compared to a credit card. Please take a look to see how you can start benefiting today. And if you’re still unsure about what to do after reading through our table, please get in touch with our expert team to discuss your business and its specific needs. They can pinpoint the perfect fuel card for your company and its drivers.

 

Our fuel cards

Credit cards

1. Competitive fuel prices

Choose a fixed weekly price fuel card and benefit from competitive prices throughout the year. Alternatively, choose a pump price card and pay the price at the pump every time you buy fuel. This keeps everything simple; plus, you’ll also enjoy all the benefits listed below.

Miss out on competitive prices

Use a credit card to pay for fuel and you won’t benefit from our competitive petrol and diesel prices.

2. Thousands of available fuel sites

Our cards give you access to major single fuel suppliers, whole fuel networks, as well as a wide range of supermarkets. You’ll never struggle to refuel.

Covers all fuel sites

Credit cards can be used at all fuel stations in the UK.

3. Fuel fraud reduced and better security

All transactions are charged to your account, so you can see who purchased what and where. You can also have the details of a driver or vehicle, or both, embossed on a fuel card. Plus, you can determine what can be bought on each card, for example, only fuel or additional extras such as car washes and lubricants as well.

Open to misuse and fraud

You are unable to restrict what a credit card can buy, leaving it open to abuse. Placing a spend limit on a credit card can be difficult, and has to be done separately for each individual account. Overall, fuel fraud is far more likely on a credit card than a fuel card.

4. No interest on purchases

No interest is charged on purchases made on a fuel card, because payment is taken via direct debit. This makes everything super simple and can save you a lot of money over time.

Potentially paying high interest rates

If you use company credit cards to pay for fuel and have a large number of employees, this may mean you’re incurring hundreds – maybe thousands – of pounds in interest every year.

5. VAT made easy

Your invoice clearly states the amount of VAT you’ve been charged for all your fuel purchases. This invoice is approved by HMRC too. This makes the submitting and reclaiming of VAT payments extremely easy. You also don’t need to keep any paper receipts.

Complicated VAT reclaim

To reclaim VAT when using a credit card, you need to keep all paper receipts. Sorting through these to reclaim VAT can be difficult. Also, if a driver doesn’t provide a receipt for a fuel purchase, the VAT on that purchase is unrecoverable.

6. Reduced administration costs

Instead of being swamped by lots of claim forms and credit card bills, you typically receive a single invoice every week. This reduces the time your company spends on this type of admin, which in turn saves you money.

Lots of time and money-consuming admin

If your business currently runs a pay and reclaim scheme, you’ll know how much time is taken up with processing expenses claims and chasing drivers who don’t supply the fuel receipts that are needed.

7. Powerful online management

Our excellent account management system allows you to easily manage multiple fuel cards, including retrieving PIN numbers, cancelling lost cards and ordering additional cards. As well as monitoring all fuel transactions for each card, you can view and print new and historical invoices, and run reports so you can understand your expenditure better and identify ways to save money.

No reporting tools

If your drivers use credit cards for fuel purchases, you won’t be able to see detailed information about your fuel usage. This makes it’s very difficult to identify cost and time-saving measures, which ultimately could hit your profit margin hard.

8. Rack up rewards points

With many of our fuel cards, a driver can claim rewards points for the fuel they buy. This includes Nectar points at Sainsbury’s, Morrisons More points at Morrison and Tesco Clubcard points at Tesco. Something that will potentially help to make your workforce happier and more productive.

Supermarket rewards available

Use a credit card to purchase diesel or fuel from a supermarket fuel supplier and you can benefit from rewards points. Some major fuel brands are also linked to supermarket rewards schemes.

 

Lots of good reasons to choose a fuel card over a credit card

If the nature of your business involves a lot of travel, or you have a fleet of vehicles, we hope you can clearly see now why using a fuel card over a credit card will benefit your company and its employees. There really is a huge potential for fuel cards to save you money, cut down your admin and protect you from fuel fraud. All of which leaves you with more time to focus on the day-to-day running of your business.

However, it’s important to point out that one fuel card doesn’t suit all businesses. Identifying the best fuel card for your company may not be straightforward. That’s why we encourage you to get in touch with our team of expert advisers on 0113 202 5110 or complete our online enquiry form. We can then provide you with free quotations that are matched to your specific needs.