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Pros and cons of company fuel cards

Businesses are continually looking for new and easier ways to manage their processes. Within the haulage and commercial trucking industries organisations are adopting fuel cards as a way of managing the fuelling costs of their fleets more effectively. There are many positives to using company fuel cards but all aspects should be taken into consideration before making a decision as to whether they are right for your organisation.

Pro's

• Many of the big name fuel providers offer company fuel cards giving you freedom and flexibility of choice
• Some company fuel cards mean you can fix prices on fuel instead of paying the fluctuating forecourt costs
• Using company fuel cards can speed up processes and help increase the efficiency of your fleet
• Quicker and easier than using cash
• Some suppliers of company fuel cards have dedicated customer service teams that manage your account to give the best value for money for your company. Fuelmate, part of the family run Rix Petroleum group, offer tailored packages for fleets and vehicles of all sizes
• With company fuel cards you can control exactly how much money gets spent and on what whether it’s for fuel or other expenses
• The big fuel brands available means company fuel cards can be used both nationally and internationally
• Fuel cards are a much safer payment method than carrying cash

Con's

• Delaying bill payments for your company fuel cards can lead to bad credit rating as with any other credit or store card
• Even with company fuel cards prices can fluctuate depending on the market
• If one of your company fuel cards is lost or stolen it will need reporting straight away and can take a few days for a replacement
• Any card transaction you complete is subject to fraud so when buying fuel with company fuel cards, users need to keep it safe and protected