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The rise of electric cars and more fuel-efficient gasoline engines is forcing gas stations to close up shop. The result: a shrinking customer base, less revenue for small businesses. To combat this problem, the best thing you can do is consider buying these five cards which will allow your business to thrive.
These cards provide large discounts on gas and other fuels, as well as rewards points.
Using fuel cards at the pump to save money for your company is a simple method to save money, particularly if you or your staff drive to work often. You’ll also be able to keep track of and restrict employee spending on your company’s fleet automobiles. The greatest card for you is either one that comes from your favorite station or one that gives you the most return on your gasoline purchases.
The following are the best fuel cards for small businesses:
Shell Small Business Fuel Card: Overall Best Small Business Fuel Card
Because of its rewards program and liability options (joint or corporation), the Shell Small Business Fuel Card is the finest fuel card for small businesses. If you want to preserve your personal credit score and assets, choosing corporate liability is a sensible alternative. You won’t be charged a monthly setup cost or an extra card fee, and it may help you get the most out of your benefits. At 14,000 Shell sites, you may earn points and savings.
Costs
- Shell stores provide rebates of up to 6 cents for every gallon of petrol bought.
Availability of the Shell Small Business Fuel Card Network
The Shell Small Business Fuel Card may only be used at Shell petrol stations. Shell has almost 14,000 gas stations throughout the country, and their fuel card gives you a discount on every one of them.
76 Universal Fuel Card: Best for Non-Branded Stations Spending Flexibility
If you don’t want to be restricted to a single gas supplier or station, get the 76 Universal Fuel Card. This gasoline card is accepted at around 45,000 stations, but you can only earn points at participating 76, Conoco, and Phillips 66 gas stations (7,600 total participating locations). Because this is a charge card, the amount must be paid in full each month, and there is no interest charged.
Costs
- 1 cent per gallon savings for 1,000 to 2,499 monthly gallons
- 1.5 cents per gallon reduction for 2,500 to 4,999 monthly gallons
- 5,000 to 6,999 monthly gallons: 2 cents per gallon reduction
- 7,000 to 9,999 monthly gallons: 3 cents per gallon reduction
- If you use 10,000 gallons or more each month, you’ll get a 4 cent discount per gallon.
76 Availability of the Universal Fuel Card Network
The 76 Universal Fuel Card is accepted at around 45,000 gas stations, which is greater than the Shell and ExxonMobil cards (90 percent of United States gas stations). Rewards, on the other hand, are only offered at 7,600 of the 45,000 sites.
The Chevron Texaco Business Access Fuel Card; ideal for fleets that travel long distances often.
Consider the Chevron Texaco Business Access Fuel Card if your fleet travels often. You pay a monthly cost of $2 per card, but you may earn up to $6 per gallon. It’s a net-22 charge card, which means you don’t pay interest but must pay the amount in full within 22 days of getting your statement.
Costs
- 1 cent per gallon refund for 500 to 2,000 monthly gallons
- 2 cents per gallon refund for 2,001 to 4,000 monthly gallons
- 3 cents per gallon refund for 4,001 to 6,000 monthly gallons
- Rebate of 4 cents per gallon for monthly gallons of 6,001 to 8,000 gallons
- Rebate of 5 cents per gallon for monthly gallons of 8,001 to 10,000
- 10,000 gallons or more each month: 6 cents per gallon refund
Availability of the Chevron Texaco Business Access Fuel Card Network
Nearly 8,000 Chevron and Texaco outlets throughout the country accept the Chevron Texaco Business Access Fuel Card. The card may also be used at any major gas station in the United States, making it a viable alternative for small enterprises that travel large distances.
The BP Business Solutions Fuel Card; the best option for larger fleets looking for gas rebates.
If your huge fleet is looking for a vast network and the ability to receive savings at BP stations, this card is ideal. Depending on how much petrol you pump every month, you may receive refunds of up to 6 cents per gallon. This fuel card works like a charge card, so you won’t have to pay interest, but the amount must be paid in full every month.
Costs
- 3.5 cents per gallon refund for 300 to 2,999 monthly gallons
- 4 cents per gallon refund for 3,000 to 7,999 monthly gallons
- 5 cents per gallon refund for 8,000 to 9,999 monthly gallons
- 10,000 gallons or more each month: 6 cents per gallon refund
After purchasing 300 gallons in one month, you may get the $10 account fee back using the savings you receive on this card.
Fuel Card Network Availability from BP Business Solutions
The BP Business Solutions Fuel Card is available at over 175,000 petrol stations that accept Mastercard. Keep in mind that awards may only be earned at the 7,200 BP and ARCO-branded stations around the country.
Triple Cash Rewards; best for gas rewards.
Fuel bills may also be paid using a standard corporate credit card. U.S. Bank’s business gas card, the U.S. Bank Business Triple Cash Rewards World EliteTM Mastercard®, is one of the greatest alternatives to a standard fuel card. On petrol purchases, you’ll get 3% cashback and 15 billing cycles of interest-free financing on purchases and debt transfers. Employee cards are also available for free from the issuer.
Costs
On our list of fuel cards for small businesses, this is the greatest introductory financing deal. There are no finer initial financing conditions on any other business credit card.
- Cashback of 3% on smartphone purchases and services
- 3% cashback on petrol purchases up to $200 in a single transaction
- At office supply retailers, you may get 3% cashback.
- On all other qualified purchases, you’ll get 1% cashback.
Offer of Welcome: Limited-time offer: Get $500 back after spending $4,500 in the first 150 days of your account creation.
This card has a different rewards system than the other fuel cards on this list. You earn cashback on all purchases instead of discounts at branded petrol stations. For example, at all stations that accept Mastercard, you may get 3% cashback on petrol purchases.
Triple Cash Rewards Network Availability
The U.S. Bank Business Triple Cash Rewards World EliteTM Mastercard® is not limited to a particular merchant or petrol station, unlike most of the fuel cards on our list. This card may be used in shops that accept Mastercard as well as online by inputting your credit card information.
How We Decided on the Best Small Business Fuel Cards
We analyzed the pricing structures, payback periods, network availability, and any rebate schemes while analyzing different branded gasoline cards. Although there are a few possibilities, a card provided by your favorite gas station is usually the best option for you. Choose a regular cashback business credit card that provides substantial rewards on gasoline purchases if you don’t want a card linked with a particular gas supplier.
Conclusion
By obtaining a small business gasoline card, company owners who often drive for work may take advantage of fuel discounts and staff spending limitations. The cost of the card, where you may use it, and how much money you can save across your whole account will all help you choose the right card for your company.
