Are There Different Types of Fleet Cards?
By Prime in Automotive | 0 comments
Are you still using cash to fund your drivers’ fuel purchases? Or do you give them regular charge cards with no controls on them? There is a better solution. Fleet cards allow your drivers and yourself the convenience of charge cards but with more control over purchases than either cash or regular credit cards can offer.
There are two basic types of fleet cards. Some of these cards are limited to fuel purchases only, while others allow your drivers to pay for parts and service as well.
Fuel Only:
Fleet cards that allow fuel purchases only are perfect for fleets where you don’t want your drivers paying for parts or service on a regular basis. These cards offer you a powerful tool to ensure that your drivers are not wasting your fuel budget on unauthorized purchases. Drivers can be limited to only paying for fuel with their gas card, virtually eliminating petty fraud. No more worrying about drivers buying themselves soda, cigarettes or snacks on your company’s dime.
In addition to the limits these cards allow you to put on your employees, they also enable you to keep close tabs on each vehicle’s fuel consumption. When you get fleet cards, the general idea is to assign one to every vehicle. Every purchase is recorded in detail so that you get not just the total cost of the sale, but also the number of gallons, price per gallon, and location of the fueling station where the gas was purchased. Some cards are set up to prompt the driver for the odometer reading at the pump, but you can also get the information from the driver at the end of every day.
Fleet cards offer all of this information in detailed reports that you can view in real time. By keeping an eye on each vehicle’s gas mileage, you can quickly identify potential problems, whether mechanical or driver training. Also, because transactions are immediately recorded in the system, you don’t have to wait for your statement to arrive. Fleet cards allow you to not only control your drivers’ purchases but also to keep better track of your vehicles.
Fuel and Maintenance:
Fleet fuel management is hard enough but on top of that, you also have to keep up with the regular maintenance of all of your vehicles, as well as the unscheduled repairs that need to be done. Luckily, a fuel and service fleet card can help you to better do your job.
This type of fleet card allows drivers to not only pay for fuel, but also to pay for parts and services needed for vehicle maintenance. For instance, a driver with a slow day could stop to get an oil change for their vehicle or they could pick-up windshield wipers. In addition to the benefits listed above such as limiting your drivers’ purchases and allowing you to keep track of fuel consumption, fleet cards also offer you the same detailed reporting regarding maintenance.
With this type of card, you should assign a different card to each vehicle. Since all of your drivers’ purchases are tracked and reported in detail, you can easily check to see when a truck last had an oil change or whether it has gone in for its scheduled tune-up yet. This can help make the burden of maintaining a large fleet easier on you as a manager. In addition, the ability to track fuel economy can help you to quickly identify problems as they arise and send your driver to have their vehicle serviced as soon as possible.
There are a variety of other features available with fleet cards. For instance, some cards offer bulk discounts on fuel. Ultimately, the biggest choice you need to make when choosing the type of fleet card is whether you want your drivers to be able to pay for just fuel or parts and service as well.
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