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The best fuel cards for small businesses let you save money through discounts or rebates at gas stations or via points or cash back rewards on gas purchases. When choosing the best fuel card for your business, consider the number of fueling sites where you can use the card, rewards for other purchases, and redemption methods. Your options include regular credit cards, charge cards, co-branded gas cards, and fleet cards.
The seven best fuel cards for small businesses are the following:
- Coast Fuel Card: Overall best business fuel card for small to large fleets with customizable controls and fee savings
- U.S. Bank Business Triple Cash Rewards Visa® Business Card: Best for 0% purchase APR for 12 months and ExtendPay® Plan
- Shell Small Business Card: Best for fuel purchases at Shell with no personal guarantee
- BP Business Solutions Fuel Plus: Best for small and midsize fleets that fuel up at BP and Amoco stations
- Phillips 66® Conoco® 76® Business Universal Card: Best charge card for use at major gas stations
- Chevron Texaco Business Access Card: Best for fuel rebates at Chevron and Texaco gas stations
- Costco Anywhere Visa® Business Card by Citi: Best for Costco members who want to earn premium rewards at eligible gas stations
Overview of the Best Fuel Cards for Small Business
Best For | Annual Fee | Fuel-related Rewards | Nonfuel Ongoing Rewards | Credit Needed | ||
|---|---|---|---|---|---|---|
 Coast Visa Card | Overall best for small to large fleets with customizable controls and fee savings | None; only $4 monthly per active card | Up to 10 cents off per gallon | 1% cash back | Good to Excellent | |
 U.S. Bank Business Triple Cash Rewards Visa® Business Card | 0% purchase APR for 12 months and ExtendPay® Plan | $0 | 3% cash back at any gas and EV charging station | Up to 5% cash back | Good to Excellent | |
 Shell Small Business Card | Fuel purchases at Shell with no personal guarantee | $0 | Up to 6 cents per gallon at Shell Stations | Exclusive discounts at participating Jiffy Lube stations | Good | |
 BP Business Solutions Fuel Plus | Small and midsize fleets that fuel up at BP and Amoco stations | None; only $12 monthly | Up to 7 cents rebates at BP and Amoco locations | None | Poor to Good | |
 Phillips 66® Conoco® 76® Business Universal Card | Best charge card for use at major gas stations | Undisclosed | Up to 7 cents per gallon at 76®, Conoco®, and Phillips 66® | None | N/A | |
 Chevron Texaco Business Access Card | Earning fuel rebates at Chevron and Texaco gas stations | Undisclosed | Up to 6 cents per gallon at Chevron and Texaco stations | None | N/A | |
 Costco Anywhere Visa® Business Card by Citi | Costco members who want to earn premium rewards at eligible gas stations | None; only pay for Costco membership | Up to 5% cash back at eligible gas stations, including Costco | Up to 3% cash back | Excellent |
Coast Visa Card: Overall Best Business Fuel Card for Small to Large Fleets with Customizable Controls & Fee Savings
Coast Fuel Card
BEST FOR:
Businesses with small to large fleets
- Up to 10 cents off on every gallon on your statement
- 1% back on non-fuel purchases
Pros
- Universally accepted fleet card
- 1% cash back on nonfuel purchases
- Doesn’t require personal guarantee
Cons
- Charges monthly fees to active users
- Balance is due in full each month
- Doesn’t support cash withdrawals
- Customizable controls
- Spend reports
- Exclusive discounts from large partner networks
- Integrations with QuickBooks, Fleetio, Samsara, Geotab, Verizon Connect, Azuga, and more
- Up to 10 cents off on every gallon on your statement
- 1% back on non-fuel purchases
Pros
- Universally accepted fleet card
- 1% cash back on nonfuel purchases
- Doesn’t require personal guarantee
Cons
- Charges monthly fees to active users
- Balance is due in full each month
- Doesn’t support cash withdrawals
- Customizable controls
- Spend reports
- Exclusive discounts from large partner networks
- Integrations with QuickBooks, Fleetio, Samsara, Geotab, Verizon Connect, Azuga, and more
Why We Like It
Coast is our top choice for a business fuel card due to its wide acceptance at most gas stations, ability to earn rewards on both fuel and non-fuel purchases, and customizable controls to help manage your expenses. For a monthly fee of only $4 per active card, you can receive up to 10 cents off per gallon. It’s ideal for businesses with fleets that also want to use the card for other purchases.
- Up to 10 cents off on every gallon on your statement
- 4 to 10 cents per gallon at every participating Exxon, Mobil, 7-Eleven, Casey’s, Circle-K, and 40 additional brands across 30,000 stations nationwide
- Unlimited 1% cash back on all other nonfuel purchases
- Access to Coast manager portal that offers robust controls, allowing you to set limits, authorize payments, and order and assign cards to employees
- Real-time visibility enables you to monitor your spending and get alerts for any suspicious transactions
- Business credit-building capability because Coast reports your monthly transactions to the Small Business Financial Exchange (SBFE®)
- No personal guarantee is required, which means you won’t be held personally liable for your business’s debts
U.S. Bank Triple Cash Rewards Visa® Business Card: Best for 0% Purchase APR for 12 Months & ExtendPay® Plan
U.S. Bank Triple Cash Rewards Visa® Business Card
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
- Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center when using your card.
- Take control of your card spend with U.S. Bank Spend Management—a game-changing platform for monitoring and managing business expenses.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
- Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center when using your card.
- Take control of your card spend with U.S. Bank Spend Management—a game-changing platform for monitoring and managing business expenses.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Why We Like It
The U.S. Bank Triple Cash Rewards Visa® Business Card offers a 0% APR on purchases for the first 12 months, making it an excellent option for businesses looking to make large purchases without paying interest upfront. Additionally, it includes the ExtendPay® Plan, which allows you to split your eligible balance into manageable equal monthly installments with no interest, just a small monthly fee Receive a new cardmember on ExtendPay Plans opened in the first 60 days after account opening . This card earns 3% cash back on fuel purchases and provides competitive rewards on other types of spending as well.
- 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center
- 3% cash back at any gas and EV station and on dining, office supplies, and mobile phone services
- 1% cash back on all other eligible purchases
- $0 annual fee
- $500 bonus cash back if you spend $4,500 within the first 150 days of card ownership
- $100 annual statement credit for recurring software subscription expenses such as FreshBooks, QuickBooks, or Xero
Shell Small Business Card: Best for Fuel Purchases at Shell With No Personal Guarantee
Shell Small Business Card
BEST FOR:
Larger businesses
- Earn rebates of up to 6 cents per gallon
Pros
- Zero card fees
- Discounts at Jiffy Lube locations
Cons
- Businesses need to earn at least $1 million annually to qualify
- Total savings capped at $300 per billing cycle
- Online and mobile account management
- Cancel stolen or lost cards in real time online
- 24/7 customer service available
- Payment flexibility―revolve your balance or pay in full each billing cycle
- Earn rebates of up to 6 cents per gallon
Pros
- Zero card fees
- Discounts at Jiffy Lube locations
Cons
- Businesses need to earn at least $1 million annually to qualify
- Total savings capped at $300 per billing cycle
- Online and mobile account management
- Cancel stolen or lost cards in real time online
- 24/7 customer service available
- Payment flexibility―revolve your balance or pay in full each billing cycle
Why We Like It
The Shell Small Business Card allows you to earn up to 6 cents per gallon rebates when fueling at Shell stations. It also provides exclusive discounts on services at Jiffy Lube locations. Notably, this card doesn’t require a personal guarantee, making it an ideal choice for business owners who want a dedicated fuel card without being personally liable for their company’s financial obligations.
- Up to 6 cents per gallon at Shell Stations
- Up to 15% discount at participating Jiffy Lube stations for oil changes and preventative maintenance
- $0 setup, monthly, and annual fees
- Accepted at nearly 13,000 Shell Stations and participating Jiffy Lube locations nationwide
- Access to detailed reports online, including purchase controls and data analytics
BP Business Solutions Fuel Plus: Best for Small and Midsize Fleets That Fuel Up at BP & Amoco Stations
BP Business Solutions Fuel Plus
BEST FOR:
Small to Midsized Fleets That Fuel Up at BP & Amoco Stations
- Up to 7 cents with volume-based rebates fuel purchases made at participating BP or Amoco branded locations in the US.
Pros
- Rebates on gas purchases at BP or Amoco branded locations in the US
- Tax exempt reporting
- Revolving and nonrevolving options available
Cons
- High APR
- High monthly fee
- Exclusive for use at BP or Amoco branded locations only
- Tax-exempt reporting
- Set card controls and purchase restrictions
- Online account manager
- Up to 7 cents with volume-based rebates fuel purchases made at participating BP or Amoco branded locations in the US.
Pros
- Rebates on gas purchases at BP or Amoco branded locations in the US
- Tax exempt reporting
- Revolving and nonrevolving options available
Cons
- High APR
- High monthly fee
- Exclusive for use at BP or Amoco branded locations only
- Tax-exempt reporting
- Set card controls and purchase restrictions
- Online account manager
Why We Like It
BP Business Solutions Fuel Plus is a great option for small and midsize fleet owners who exclusively fuel at BP and Amoco stations. The card offers volume-based rebates, allowing you to save up to 7 cents per gallon. Additionally, it provides powerful controls to help prevent misuse, including the ability to set fuel-only limits for added security and management of expenses.
- 3 cents off per gallon for 300 to 2,999 gallons per month
- 4 cents off per gallon for 3,000 to 4,999 gallons per month
- 5 cents off per gallon for 5,000 to 9,999 gallons per month
- 7 cents off per gallon for 10,000 gallons or more per month
- Online control and visibility let you set fuel-only limits on employee cards and access reports
- Transaction and tax-exempt reports are available to make tax season easier
- Security and fraud controls allow you to require driver ID and odometer entries for every purchase
- Secure payment portal lets you schedule payments conveniently
Phillips 66® Conoco® 76® Business Universal Card: Best Charge Card for Use at Major Gas Stations
Phillips 66® Conoco® 76® Business Universal Card
BEST FOR:
Earning up to 7 cents per gallon
- Save up to 7 cents per gallon at more than 7,500 76®, Conoco®, and Phillips 66® locations
- With the 76 Universal Card, you can save up to 7¢ a gallon (based on monthly gallons purchased at 76®, Phillips 66® and Conoco® locations).
Pros
- Accepted at 95% of US gas stations
- 24/7 roadside assistance and 24/7 customer service
- One-click reports include:
- Purchase activity
- Exception, transaction summary, and transaction deals
- Financial summary, site summary, and exception summary
- Tax exemption (for qualified fleets)
Cons
- Not a credit card but a charge card, so the balance is due in full each billing cycle
- Rebates only available at 76®, Conoco®, and Phillips 66® locations
- Unique driver IDs help prevent unauthorized purchases
- Manage spending by card or driver
- Restrict card use to times of day or days of week
- Limit card use by product type, location, or amount
- Discounts at 76®, Conoco®, and Phillips 66® locations:
- 500 to 2,499 monthly gallons: 3-cent discount per gallon
- 2,500 to 4,999 monthly gallons: 4-cent discount per gallon
- 5,000 to 6,999 monthly gallons: 5-cent discount per gallon
- 7,000 to 9,999 monthly gallons: 6-cent discount per gallon
- 10,000 or more monthly gallons: 7-cent discount per gallon
- Save up to 7 cents per gallon at more than 7,500 76®, Conoco®, and Phillips 66® locations
- With the 76 Universal Card, you can save up to 7¢ a gallon (based on monthly gallons purchased at 76®, Phillips 66® and Conoco® locations).
Pros
- Accepted at 95% of US gas stations
- 24/7 roadside assistance and 24/7 customer service
- One-click reports include:
- Purchase activity
- Exception, transaction summary, and transaction deals
- Financial summary, site summary, and exception summary
- Tax exemption (for qualified fleets)
Cons
- Not a credit card but a charge card, so the balance is due in full each billing cycle
- Rebates only available at 76®, Conoco®, and Phillips 66® locations
- Unique driver IDs help prevent unauthorized purchases
- Manage spending by card or driver
- Restrict card use to times of day or days of week
- Limit card use by product type, location, or amount
- Discounts at 76®, Conoco®, and Phillips 66® locations:
- 500 to 2,499 monthly gallons: 3-cent discount per gallon
- 2,500 to 4,999 monthly gallons: 4-cent discount per gallon
- 5,000 to 6,999 monthly gallons: 5-cent discount per gallon
- 7,000 to 9,999 monthly gallons: 6-cent discount per gallon
- 10,000 or more monthly gallons: 7-cent discount per gallon
Why We Like It
The Phillips 66® Conoco® 76® Business Universal Card, though specific to select gas stations, is accepted at more than 7,500 Phillips 66®, Conoco®, and 76® locations, as well as over 45,000 service centers across the country. This card allows you to save up to 7 cents per gallon at these stations, with the rebate rate fluctuating based on your monthly fuel purchases.
- 3 cents off per gallon if you fill up 500 to 2,499 gallons in a month
- 4 cents off per gallon if you fill up 2,500 to 4,999 gallons in a month
- 5 cents off per gallon if you fill up 5,000 to 6,999 gallons in a month
- 6 cents off per gallon if you fill up 7,000 to 9,999 gallons in a month
- 7 cents off per gallon if you fill up 10,000 or more gallons in a month
- 10 cents off per gallon at Phillips 66®, Conoco® and 76® for the first six months
- Automatic fuel expense tracking lets you view all transactions made with your card, so you can manage vehicle-related costs and plan budgets
- Transaction reports, including purchase activity reports, tax exemption reports, financial and site summaries, and other custom reports
Chevron Texaco Business Access Card: Best for Fuel Rebates at Chevron & Texaco Stations
Chevron Texaco Business Access Fuel Card
BEST FOR:
Long-distance driving
- Save up to 6 cents per gallon at nearly 8,000 Chevron and Texaco locations
Pros
- Accepted at 95% of US gas stations
- 24/7 customer service and 24/7 roadside assistance available
- One-click reports include:
- Purchase activity
- Exception, transaction summary, and transaction deals
- Financial summary, site summary, and exception summary
- Tax exemption (for qualified fleets)
Cons
- Not a credit card but a charge card, so the balance is due in full each billing cycle
- Rebates only available at Chevron and Texaco locations
Discounts of up to 6 cents a gallon at nearly 8,000 Chevron and Texaco locations:
- 500 to 1,999 monthly gallons: 1-cent rebate per gallon
- 2,000 to 3,999 monthly gallons: 2-cent rebate per gallon
- 4,000 to 5,999 monthly gallons: 3-cent rebate per gallon
- 6,000 to 7,999 monthly gallons: 4-cent rebate per gallon
- 8,000 to 9,999 monthly gallons: 5-cent rebate per gallon
- 10,000 or more monthly gallons: 6-cent rebate per gallon
- Save up to 6 cents per gallon at nearly 8,000 Chevron and Texaco locations
Pros
- Accepted at 95% of US gas stations
- 24/7 customer service and 24/7 roadside assistance available
- One-click reports include:
- Purchase activity
- Exception, transaction summary, and transaction deals
- Financial summary, site summary, and exception summary
- Tax exemption (for qualified fleets)
Cons
- Not a credit card but a charge card, so the balance is due in full each billing cycle
- Rebates only available at Chevron and Texaco locations
Discounts of up to 6 cents a gallon at nearly 8,000 Chevron and Texaco locations:
- 500 to 1,999 monthly gallons: 1-cent rebate per gallon
- 2,000 to 3,999 monthly gallons: 2-cent rebate per gallon
- 4,000 to 5,999 monthly gallons: 3-cent rebate per gallon
- 6,000 to 7,999 monthly gallons: 4-cent rebate per gallon
- 8,000 to 9,999 monthly gallons: 5-cent rebate per gallon
- 10,000 or more monthly gallons: 6-cent rebate per gallon
Why We Like It
One of the standout features of the Chevron Texaco Business Access Card is its broad acceptance—it can be used at most major fuel stations across the U.S., not just at Chevron and Texaco locations. Additionally, when you refuel at nearly 8,000 Chevron and Texaco stations, you can save up to 6 cents per gallon, making it a flexible and cost-effective option for businesses.
- 1 cent off per gallon for 500 to 1,999 gallons per month
- 2 cents off per gallon for 2,000 to 3,999 gallons per month
- 3 cents off per gallon for 4,000 to 5,999 gallons per month
- 4 cents off per gallon for 6,000 to 7,999 gallons per month
- 5 cents off per gallon for 8,000 to 9,999 gallons per month
- 6 cents off per gallon for 10,000 or more gallons per month
- Online account management lets you set spending limits for employees and view reports on purchase activity and financial summaries
- Automatic accounting saves you time on paperwork
- 24/7 US-based customer advisors available
- Access to special discounts on auto parts, tires, hotels, and more (for qualified cardholders)
Costco Anywhere Visa® Business Card by Citi: Best for Costco Members Who Want to Earn Premium Rewards at Eligible Gas Stations
Costco Anywhere Visa® Business Card by Citi
BEST FOR:
Existing or new Costco members
- 5% cash back on gas at Costco
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
- 3% cash back on restaurant and eligible travel purchases worldwide
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
Pros
- Doesn’t charge annual and foreign transaction fees
- Generous cash back rewards
Cons
- No 0% introductory APR period
- Premium rewards are only suited to those who frequently shop at Costco
- Need to secure Costco membership to qualify
- Damage and theft protection: This can cover you for either repairs or a refund if items purchased with your Citi card are damaged or stolen within 120 days of purchase―90 days for New York residents.
- Citi® Quick Lock: This helps block new purchases and cash advances instantly while allowing recurring transactions, payments, balance transfers, and credits to continue without disruption.
- FICO® scores: Citi believes it is important for you to be updated on your credit status. Hence, they partnered with FICO and Equifax to give you a better understanding of where your credit status is.
- Citi® Concierge: Citi® Concierge gives you access to several experts who work around the clock to help you with your travel, shopping, dining, entertainment, and everyday needs.
- 5% cash back on gas at Costco
- 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
- 3% cash back on restaurant and eligible travel purchases worldwide
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
Pros
- Doesn’t charge annual and foreign transaction fees
- Generous cash back rewards
Cons
- No 0% introductory APR period
- Premium rewards are only suited to those who frequently shop at Costco
- Need to secure Costco membership to qualify
- Damage and theft protection: This can cover you for either repairs or a refund if items purchased with your Citi card are damaged or stolen within 120 days of purchase―90 days for New York residents.
- Citi® Quick Lock: This helps block new purchases and cash advances instantly while allowing recurring transactions, payments, balance transfers, and credits to continue without disruption.
- FICO® scores: Citi believes it is important for you to be updated on your credit status. Hence, they partnered with FICO and Equifax to give you a better understanding of where your credit status is.
- Citi® Concierge: Citi® Concierge gives you access to several experts who work around the clock to help you with your travel, shopping, dining, entertainment, and everyday needs.
Why We Like It
The Costco Anywhere Visa® Business Card by Citi allows Costco members to earn up to 5% cash back on fuel purchases, as well as on other eligible expense categories. While it is a co-branded card, it can be used for business-related purchases anywhere that Visa® is accepted. Rewards are provided as an annual credit card reward certificate, which can only be redeemed at a Costco warehouse (not online). Additionally, while the card has no annual fee, you must have an active Costco membership to qualify for the card.
- 5% cash back on gas at Costco
- 4% cash back for the first $7,000 each calendar year on gas purchases at eligible gas stations
- 3% cash back on restaurants and eligible travel purchases
- 2% cash back on nonfuel purchases from Costco and Costco.com
- 1% cash back on all other purchases and after the cap on fuel expenses is met
- $0 annual fee (but you need to pay for Costco membership)
- $0 foreign transaction fee
- Citi Entertainment® feature provides special access to purchase tickets to thousands of events like presale tickets and exclusive experiences for concerts, sporting events, and dining experiences
How We Selected the Best Fuel Cards for Small Businesses
To choose the best co-branded fuel cards for small businesses, we considered factors such as:
- Card fees
- Repayment terms
- Network availability
- Rebate programs
- Reporting tools
For business fuel credit cards not associated with specific gas station partners, we looked primarily at cash back, gas discounts, or rebates, as well as ease of use, additional rewards, fees, and other features that may be valuable to your business.
When deciding which type of fuel card is best for your small business, you have to consider your business’s unique needs and whether you have another business card for nongas expenses. Here are a few factors that you need to take into account:
- Card usage: If you plan to use your card for all business expenses, then choosing a general-purpose card with gas rewards is your best bet. If you want a dedicated fuel card for use at a specific gas station, you may want to consider getting an exclusive co-branded gas card.
- Rewards: The business cards on this list offer rewards on gas purchases, while others also offer rewards on other business-related expenses. Consider the type of rewards you prefer to earn when choosing the right fuel card for your business.
- Reporting tools: The fleet cards included on this list offer tax-exempt reporting that can help you with tax filing. Other cards offer basic expense tracking and reporting for your business expenses. Determine which kind of reporting tool you prefer when deciding which business fuel card is best for you.
Frequently Asked Questions (FAQs)
Business owners who spend on gas should get a business fuel credit card to take advantage of lucrative rewards and seamless reporting systems. Most cards let you add employee cards at no additional cost. If you have field employees who need to purchase gas frequently, providing them with business fuel cards eliminates the need for petty cash and manual reimbursements. Plus, your company gets to earn the rewards.
Fleet fuel cards are designed for businesses of all sizes with significant spending on gas. Ideally, fleet cards are best for companies that purchase 500 gallons or more of fuel per month. The more fuel you purchase, the higher the discounts or rebates you will receive. If your business only needs to purchase less amount of fuel in a month, regular business credit cards with premium rewards on fuel expenses may be a better option.
Yes as most card issuers report your transactions to major credit bureaus, helping you build your credit with consistent on-time payments and responsible use. However, some don’t report to credit bureaus, especially those of prepaid cards. Check with your chosen card company to find out whether it reports to credit bureaus or not.
Bottom Line
You don’t need to own a large fleet to be eligible for a business fuel card. A fleet can be a single vehicle used by a sole proprietorship or LLC or thousands of vehicles owned by a large company. Consider any of our recommended cards above to maximize your savings through exclusive discounts or rewards on purchases.
