New to Fuel Cards?
Don’t worry, Comparefuelcards.co.uk is here to help.
Fuel cards are used by businesses in the UK as a method of purchasing fuel for their vehicles. Each fuel card runs on a specific network of stations. Some are branded networks such as Shell or Esso and allow access only to their brands and sometimes preferred partner brands. Others like Keyfuels or Allstar offer access to multiple brands of fuel station.
Fundamentally all fuel cards are quite similar and will offer the same basic benefits such as;
- HMRC approved invoices (allowing you to claim VAT back a little less painfully)
- Reduce admin costs – no need to gather loads of receipts for fuel purchases
- Better control on your fuel purchases – you wont need to hand out cash or corporate credit cards to staff and you will usually be able to restrict which products can be bought on a fuel card
- Improved cash flow – with regular invoices and regular payments the cash flow for fuel is easier to manage
How do you choose which fuel card to go for?
Well that depends completely on your preferences. There are 2 main types of fuel card – Fixed Price and Pump Price – certain cards are more suitable for certain vehicles/fuel types but there will usually be a few cards out there that fit your needs and situation.
A general rule of thumb is, if you operate petrol vehicles a pump price fuel card is for you. If you operate diesel vehicles or a mixture of both then a fixed price card may be more suitable.
The main reason for this is that most fuel cards only offer a fixed price for diesel not petrol (there are some exceptions – both Texaco Fastfuel and Shell List Price fuel cards offer fixed prices for petrol) and often there can be a small surcharge for petrol purchases on fixed price cards.
What is the difference between fixed and pump price fuel cards?
Pump price cards are the easiest to explain – when you pay for fuel at a fuel station using a pump price fuel card you are charged the price shown at that station at that time.
Fixed price cards, put simply, offer a fixed price for the fuel you purchase. For example you are sent a new fuel price each week and regardless of what the price is at the petrol station you pay the fixed price that was sent to you (not the forecourt price). These fixed prices are typically 2-3 pence per litre below the national average pump prices.
Our comparison chart shows each fuel card and its individual benefits. Alternatively if you would like us to help recommend a card for you our find the right fuel card system will help shortlist cards that are suitable based on your needs.