Fleet cards

Fleet cards, also known as fuel cards or corporate gas cards, are specialized private label credit cards designed specifically for the management of expenses associated with the maintenance, repairs, and fueling of business vehicles. These cards are typically issued to businesses that maintain a fleet of vehicles, ranging from small vans and cars to large trucks.

Fleet cards streamline the process of purchasing fuel and other vehicle-related services by allowing drivers to pay without using cash or general credit cards. They provide detailed reporting features that help businesses track and manage expenses efficiently. This level of detail includes the quantity of fuel purchased, the type of fuel, the cost, and the location, which can be invaluable for monitoring operational costs and budgeting.

Additionally, fleet cards often offer benefits such as discounted fuel prices, enhanced security features to prevent unauthorized use, and the ability to set purchase controls on what products or services can be bought with the card. This control can extend to limiting purchases to only fuel, or covering a broader range of services including oil changes, tire rotations, and other maintenance tasks.

By using fleet cards, companies can improve cash flow management, reduce administrative overhead, and gain better insights into the costs associated with their vehicle fleets. These cards are an essential tool for effective fleet management, contributing to overall operational efficiency and cost control.