Finance
8 tips for choosing the right business gas card
Business gas cards, also known as fleet cards or fuel cards, are a great way for drivers to manage fuel and related expenses on the road. Choosing the right fuel card can make a huge difference to the finances of a business, considering a company may have several vehicles leased. The card allows for discounts and rebates, which other modes of payment do not. Here are some tips on how to choose the right business gas card. 1. Look for a controlled spending clause As opposed to any other mode of payment, these business gas cards can only be used to pay for fuel. Some other features included in the card include limiting spending by day of the week, setting a cap on the transaction amount, and adding related expense categories like parking fees or maintenance. This ensures that all the transactions are transparent and there are no hidden charges or spending anywhere that can be ignored. 2. Check whether transactions can be tracked online Data plays a huge role in understanding spending habits. Asking each driver to give paper receipts is not possible and amounts to too much work. Instead, getting all the information online makes it convenient and easy.
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