Business fuel cards are a valuable resource, providing a convenient and efficient way to manage fuel expenses. This article will explore the eligibility criteria for obtaining a fuel card, including the different types of businesses that can benefit from this financial solution.
Whether you are a small business owner, a corporate fleet manager, or a sole trader, understanding who can access a fuel card is essential for making informed decisions about managing fuel costs.
Eligibility criteria for fuel cards
Every business can use a fuel card to save money and time. The eligibility criteria for a fuel card typically include factors such as your credit history and fuel usage.
Businesses of all sizes
Whether your fleet has one or one hundred vehicles, there’s a fuel card for you. With a wide range of cards to choose from, we’re confident we can find the Right fuel card for your needs.
We work with some of the largest fuel brands in the UK including Shell, BP, Esso, and Texaco, so you can conveniently refuel wherever your business takes you. This also gives you access to hundreds of HGV-friendly sites with high canopies and high-speed pumps which is ideal for larger companies.
Fleet managers
Fleet managers need to have an efficient fleet management system, so they can easily oversee multiple vehicles. The comprehensive features of a fuel card can help with this.
From centralised billing to fuel expense tracking, everything fleet managers need can be found 24/7 via our online account management system.
Taxi companies
Taxi companies can save time and money on their fuel expenditure by choosing to use a fixed-price fuel card. Whether you operate in a large city or mainly travel in rural areas, you’ll never be far from a participating petrol station.
As many taxi drivers are now switching to hybrid or electric vehicles, we’ve expanded our product range. With our EV charge cards, you can pay for petrol, diesel, and EV charging, with all transactions clearly displayed on one invoice. This makes it simple for you to monitor your expenses and reduces admin costs.
Find out more about how taxi drivers can benefit from fuel cards.
Industry-specific
Fuel cards are a versatile tool which can be used by many industries to streamline fuel management and control costs. Here’s how different industries can use fuel cards:
Logistics and transportation
Usage: companies with large fleets of HGVs or delivery vehicles can use fuel cards to manage their expenses and access participating petrol stations nationwide.
Benefits: fuel cards help businesses in this industry to save money on fuel, plan fuel-efficient routes, and enforce product restrictions to ensure drivers only purchase fuel. They also reduce paperwork by consolidating transactions into one invoice which is ideal when managing a large fleet.
Construction
Usage: fuel cards can be used by construction firms to purchase fuel for on-site machinery and transport trucks.
Benefits: businesses can track fuel usage for each vehicle or machine, helping them monitor costs and prevent unauthorised spending. Larger vehicles can benefit from the availability of HGV-friendly sites which are conveniently located across the UK.
Agriculture
Usage: fuel for tractors, harvesters and other agricultural vehicles and equipment can be purchased with a fuel card.
Benefits: our fuel cards have extensive coverage, so can be used even in rural areas. This is ideal for agricultural businesses looking to reduce fuel costs.
Delivery and courier services
Usage: delivery businesses rely on fuel cards to manage fuel expenses for their fleets. As more businesses transition to electric, the use of EV charge cards is expected to grow.
Benefits: fuel cards make it easier to track each vehicle’s consumption and monitor driver behaviour. They simplify admin and help track expenses for mixed-fuel fleets.
Benefits of applying for a fuel card
Applying for a fuel card can offer numerous benefits, including cost savings, improved fuel management, and simplified expense tracking for businesses.
Financial control and expense management
Right Fuel Card offers detailed reporting and analysis tools, to help you gain insight into your fuel expenses. This leads to more effective financial planning and budget management, saving you money in the long run.
Fuel cards also have many security features to help you stay in control of your expenses. You can set product restrictions to limit what can be bought with your fuel card and set spending limits to prevent misuse and fuel card fraud.
Convenience and flexibility
Whether you operate a small or large fleet or are self-employed, a fuel card can offer you convenience and flexibility. You’ll have access to an extensive fuel network, including the major fuel brands and third-party sites. Conveniently find your nearest petrol station and plan your routes using our handy site locator.
Unlike a credit card, there are no interest fees, plus they’re much more secure than carrying cash. There’s no need to keep hold of receipts as all transactions will be recorded digitally on a single invoice. All invoices are HMRC-approved, so you can easily reclaim the VAT that’s owed to you.
By streamlining processes, such as invoicing and reporting, you can spend more time on other elements of your business.
Discounts and savings
Fixed-price fuel cards provide access to competitive fuel rates at specific petrol which can result in significant cost savings for businesses. Many participating stations also allow you to collect loyalty points which can lead to additional savings and rewards.
You can analyse fuel usage and driver behaviour to discover ways to make your fleet more efficient. By improving how you drive, you can reduce fuel consumption and save money.
How to apply for a fuel card
Applying for a fuel card for your large or small business is simple. You can use our fuel card comparison tool to assess your options or contact our team to find out more.
To process your application, we’ll need proof of address (x2) and proof of identification (x1), plus your business will need to pass a credit check.
Whether you’re a small business, a fleet manager, or a taxi operator, a fuel card can simplify fuel management, offer cost savings, and provide valuable convenience. With access to thousands of petrol stations across the UK, a fuel card offers complete flexibility for you and your drivers.
Apply for a fuel card today and start saving time and money.
