Business owners are struggling in this economy. Owner-operators find that fuel costs are lowering their profits. They must pay this expense and are looking for ways to lower costs. One way to do so is with the help of a fuel card. There are numerous fuel card programs for fleet owners and independent drivers.
Fuel cards help owner-operators increase their profits. They make it easy to track expenses and maintain cash flow stability. However, there are many cards to choose from. How can a person find the best owner operator fuel card for their specific needs?
Fuel Card Options
Fleet-focused fuel cards are designed for businesses in the transportation industry. They provide drivers with access to countless commercial fueling stations and truck stops nationwide. The cards track expenses and provide business owners with comprehensive reports so they can track fuel expenses and simplify tax preparation. Drivers receive fuel discounts at participating locations and can manage their accounts online. The business owner can set spending controls and see transactions as they happen.
Travel center cards are used at truck stop networks in America. Many cards integrate with loyalty programs, so drivers earn points when they purchase fuel. The points can be used for discounted fuel, merchandise, or services. These cards offer value beyond fuel savings. Drivers may receive exclusive discounts that save them even more.
Universal cards are ideal for individuals who travel extensively within the country. They offer access to the broadest range of fuel stations, so drivers never need to go out of their way to save money. Competitive pricing and flexible payment terms are typically seen with these cards, which offer discount programs and rebate opportunities. Drivers save money when they choose this fleet card option.
Choosing a Fleet Card
Drivers must know what to look for when choosing a fleet card. The first thing to consider is where the card is accepted. The program won’t benefit drivers if they have to take a longer route to save money when fueling. An extensive network makes it easier to plan routes while reducing the need for drivers to pay cash or use their personal cards when a participating station cannot be found. Card providers determine the geographic coverage. Some card programs work in a specific region, while others cover the entire nation. Owner-operators and fleet managers should assess their typical routes and choose the card program that offers the greatest coverage across those routes.
Discount structures must also be evaluated when choosing a card program, as they vary considerably. Some programs provide per-gallon savings, and others offer percentage-based discounts or pricing based on purchase volume. Owner-operators and fleet managers should calculate the potential savings with each program and determine which best meets their needs.
When making this decision, look into additional savings opportunities. Loyalty programs and cash-back features are two ways to save more. However, also look for fees and restrictions as they may offset these savings.
Every fleet manager and owner-operator must carefully consider their choices, as fuel consumption varies by company. They must consider their operational patterns and financial priorities when making this decision. Furthermore, working with a specific fuel brand or truck stop chain may influence their decision regarding which fuel card program to use. The goal is to look at the total cost of ownership and choose a card accordingly.