A fleet card is a credit card businesses use for fuel purchases for their corporate vehicles as well as to pay for vehicle repairs and maintenance. A business will typically issue fleet cards to their vehicle drivers. This allows drivers to easily purchase fuel and other transportation supplies. It also makes it easier for companies to track and manage vehicle expenses. Fleet cards are best for businesses with two or more company-owned vehicles and thousands of gallons in fuel purchases each month.
Some fleet cards, such as the Shell Fleet Credit Card, limit fuel purchases to one brand of gas stations. The Shell card also offers in-network repair and maintenance facilities that cardholders can choose. In contrast, Wex offers “universal” fleet cards that can be used at 95% of U.S. stations or in-network repair facilities. Some covered brands such as Conoco, ExxonMobil and Sunoco offer their own fleet cards that often give better rewards, but purchases are limited to their own stations.
Fleet cards are fairly easy to get. Most require only a minimum of fair credit (640 credit score). And fleet cards tend to offer business owners discounts and cash back rewards on repair, maintenance and equipment purchases, in addition to gas. Depending on the card and the issuer, business owners can get discountsof1to 10 cents per gallon on gas purchases. Earnings are typically either discounted at the pump or will appear as a statement credit.
The first step in getting a gas card is to check your credit score because it will tell you what types of gas cards you are likely to qualify for. People with good or excellent credit can pick from the best overall credit cards with gas rewards, including cards that work anywhere Visa, Mastercard, American Express or Discover is accepted. People with lower credit scores may be limited to gas cards that work only at one chain of gas stations.… read full answer
Once you’ve narrowed down your list of possibilities, you can compare their rewards and fees to find the best deal. When you find the right gas card for you, you can apply for it online, over the phone, or by mailing an application. You can usually apply at the gas station, too.
Here’s how to get a gas card:
Check your credit score. Your score will give you a general idea of which gas cards offer high odds of approval.
Consider committing to a specific gas-station chain. If always getting the same brand of gas is convenient for you, using that gas station’s credit card could provide extra savings.
Compare cards based on estimated earnings. Calculate how much each card would save you, based on the rewards it provides on the types of purchases you plan to make as well as any fees you’re likely to incur.
Apply. You can apply online, by phone or with a paper application. In some cases, you can apply inside the gas station.
It’s important to take personal preference into account when shopping for a gas card. For example, do you always fill up at the same station? Could you easily commit to a single chain? The answers to those questions will help lead you to the right type of gas card for your needs.
Co-branded gas credit cards partnered with a certain chain can be used anywhere if they are on one of the major credit card networks: Visa, Mastercard, Discover or American Express. But they will only provide maximum rewards on fuel purchases at affiliated gas stations. Many gas stations also offer cards that are not on a major network and can only be used at chain they’re affiliated with. Plus, plenty of credit cards that are not tied to any gas station chain still offer good rewards on gas.
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