What is a fuel card?
Fuel cards are a popular choice for easy fleet management, simplified expenses and a cost-effective way to refuel
Offering great deals on petrol and diesel at 7,700 sites, our Allstar fuel cards are the perfect way to manage your fuel costs without drivers having to deviate from their routes. Plus, it takes care of your HMRC-compliance through VAT-detailed invoicing.
What is a fuel card?
Put simply, fuel cards make the purchasing of fuel much easier. However, unlike a credit card, there is no interest charged on payments. It also gives you extra control and security, where you can restrict purchases to fuel only, or open it up to other forecourt services. It’s up to you what restrictions you set.
While the Allstar One card is ideal for any type of fleet management, other cards are specifically set up for your particular business needs. For example, the Allstar Supermarket card offers you great deals at supermarket fuel stations across the nation. If you have a public sector business, the Allstar Monitor card, made specially for public sector businesses, would be better for you.
How does it work?
The fuel card is just as easy to use as any other card. All you have to do is pay for your fuel using your Allstar fuel card, and the transaction will be recorded for you. You don’t even have to keep your receipts. This doesn’t just make expenses easier to manage; it also makes VAT easier too. With a fuel card, you will receive an HMRC-approved invoice, which consolidates all the payments made on each card, including the VAT breakdown.
If your employees use their car for personal trips, you can also get an accurate breakdown of private and business use with a Business Mileage Monitor. The Mileage Monitor accurately records both private and business miles and allows you to view actual pence per mile calculations. HMRC-compliance made easy.
How can my business save by using fuel cards?
Many businesses pay their drivers’ fuel expenses with a set rate per mile. While this method works just fine, it doesn’t take into account the fluctuations in fuel price and can mean that you are paying your drivers too much for their fuel (or not enough). The best way to make sure that you pay the right amount for fuel is to get rid of the expenses and go for a fuel card instead.
The added advantage when you use an Allstar One card is that your drivers will have access to a large network of fuel stations across the UK, where you can save more than 2 pence per litre. You can save even more with the Allstar Supermarket card; up to 5 pence per litre off the national average pump price at 1,500 supermarket sites. It might not sound like a lot, but when you have a large fleet, your savings will quickly accrue.
The fuel card will also be better for your employees, making sure they won’t be out of pocket while their expenses claims come through. As the fuel card charges directly to the company, your drivers’ finances remain safe and unaffected.
Are there any similar alternatives?
While you could ask your drivers to use a corporate card or a company credit card for their fuel expenses, it wouldn’t offer the same control a fuel card can offer. With a corporate or credit card, your drivers can easily use it for all sorts of purchases, both business and private, without your permission.
secure your spend with one of our cards today: https://www.allstarcard.co.uk/choose-a-card/