A fuel card has many benefits for employees and businesses alike. With three of the main benefits being:
- Cost savings at the pump
- Convenience for drivers
- Efficiency in payment and invoicing
The convenience of using fuel cards at different forecourts and paying a penny or two less than the pump price, as well as easy invoicing and online management, are the main reasons fuel cards are so accessible for businesses. There are few exceptions to the rule of course, but generally speaking, the majority of fuel cards are chosen for those exact reasons which overall contribute to fuel cards saving the company money in some form.
In this post, we will discuss convenience fees and why some fuel card providers charge them, in order to ensure you are aware of those fees expected with fuel cards and those that some providers hide or charge unnecessarily.
Some providers sadly try to put a price on convenience by charging in between 5p-15p per litre, excluding VAT. This charge normally occurs when drivers fill up outside a select range of specific locations. For those who have a larger fleet with multiple cards, these fees can really make a difference in terms of overall saving.
Charges such as convenience fees entirely negate one of the three core benefits of fuel cards, which is cost savings. Ramping up fees, by levying a spurious convenience charge on customers, removes everything valuable fuel cards should provide, making them unsustainable.
Much of it comes down to how customers are viewed by certain fuel card providers. In a relationship, there is a symbiosis that ensures both parties benefit. But in the drive for profit, such mutualism goes out of the window, resulting in customers becoming less like a partner and more of an asset to rinse for these providers.
Research to support fuel cards with no fees
Figures previously released by Fuelmate demonstrated that transaction fees levied by companies that offer fuel cards accepted at a majority of forecourts add unnecessary costs to companies. Our previous fuel card research showed that in 2016 drivers with a national coverage use on average just 30 fillings stations across the UK, out of a total of 8,450, therefore not needing cards that are accepted at so many different places. The same coverage can be achieved by mapping journeys, then issuing them with relevant cards that don’t incur a transaction fee.
So, how can you get fuel cards and fleet fuel cards with no fees? By working with your fuel card provider to map your drivers’ journeys and creating a solution together, you can avoid both transaction fees and convenience fees. Therefore meaning you pay less for your fuel and still have access to all relevant forecourts that will most benefit your fleet specifically.
We are very upfront about any fees we charge with our fuel and fleet cards, which are always displayed clearly and serve a specific purpose, for more information on expected industry fuel card fees, check out our previous post.
To compare all our fuel cards to see which ones will be most beneficial for you, with all details displayed, then please check out our fuel card comparison tool or contact us to discuss your specific fleet’s requirements.