FAQ Friday: What is a Fuel Card?

What is a Fuel Card and how can it benefit your trucking business?

Each week we will feature a Frequently Asked Question and explain it more in detail. This week we are going to discuss Fuel Cards, what they are, what they do, and how they benefit truckers. 

What is a Fuel Card?

A fuel card is like a credit card but it is often issued by companies that drivers drive for. With these cards, drivers can pay for fuel and other expenses at truck stops instead of using cash, a debit card, or a regular credit card. This enables companies to save money on fuel costs and reduce the time required to process employees claiming back business fuel expenses. 

How Fuel Cards Benefit Truckers?

Not only are fuel cards accepted at over 12,000 truck stops nationwide but when you use them you will pay cash price at the pump, no matter where you stop. They also provide high returns to your fuel budget with pre-negotiated discounts. Mobile apps help you find the best fuel prices and manage your fuel account and drivers even when on the go.

What does this have to do with ExpressTruckTax?

EFS, a well-known fuel card provider, partners with ExpressTruckTax to bring you the ExpressTruckTax Fuel Card. This is an exclusive benefit for ExpressTruckTax customers and comes packed with incredible cost savings, pre-negotiated fuel discounts, industry-leading security, and reporting, plus an entire array of products designed to let you focus on growing your business. Industry-leading security and controls that let you choose exactly what may be charged to your account, by whom, and for what amounts. This can help regulate the purchases on your card. The benefits of this card don’t stop there. High-resolution reports show line-item transaction details and never leave you guessing exactly what your drivers are charging to your fuel card. This fuel card also includes free online account management that lets you view transactions, order new cards and make changes to your account from anywhere you have an internet connection.

By using this fuel card from EFS, you can save between 10 and 15 cents per gallon on average. You can even use this card in Canada. While this card has no annual fee, there is a small fee for usage but the savings will always outweigh the usage costs.

What are you waiting for?

Now that you know what a fuel card is, what are you waiting for? Sign up for one today and start saving on fuel as soon as you get approved! Contact us at (704)-234-6005 for more details.

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