Home Auto What You Need to Know About the Money-Saving Potential of WEX Fleet Fuel Cards  

What You Need to Know About the Money-Saving Potential of WEX Fleet Fuel Cards  

by Timothy Batista

You can save up to 7 cents per gallon when you use a WEX fleet gasoline card, and you’ll also have greater control over your fleet’s fuel spending. Also, you’ll get access to the money-saving WEX EDGE system.

Keep tabs on your fleet’s every move

Keeping track of all of your gasoline expenditures is simplified when you use a fuel cardto manage your fleet. It’s flexible enough to meet your specific requirements, and it offers clear insight into your financial standing. It’s hassle-free and helps cut down on paperwork, too. The card offers several useful functions, such as reporting, automated accounting, and spending restrictions based on time, item, and location.

The cost of fueling your vehicles likely ranks high among your operational expenditures. Fuel prices are affected by various internal and external factors, including regulations, politics, and the economy. Fuel cards allow you to track your spending, keep tabs on your drivers’ productivity, and cut down on fraud.

You can keep track of every purchase made with a fuel card thanks to the accompanying transaction records. Either the portal or the fuel card software can be used to generate these reports. Reports can be generated to reveal details such as current spending, total gallons used, and individual driver expenditures.

One such fuel card that lets you track driver efficiency, centralize fuel purchases, and save money is the Comdata Corporate Card. In addition to facilitating your month-end accounting tasks, it gives extensive transaction data, control settings you may tweak, and other useful features.

If you’re looking for an easy way to keep track of your car costs, go no further than the Maverik Fleet Card Program. You may keep tabs on anything from regular purchases to rare exceptions to your fleet policy. Volume-based discounts and other fleet management solutions are also provided.

Potential 7-cent-per-gallon savings

A gasoline card is a convenient tool for keeping track of your fuel expenditures. It’s an effective tool that will help you manage your company’s fuel costs and save money. You can use these cards to prevent drivers from purchasing an excessive amount of gas. You can set a daily, monthly, or weekly spending cap.

You can keep track of your spending and cancel lost or stolen fuel cards with this handy feature. For eligible fleets, it also provides tax exemption reports.

Multiple fleet cards are available for your selection. Their costs, benefits, and protections differ widely. The majority of them have a straightforward application process and need no upfront costs. You can also select a card that has no activation or annual costs.

The WexFlexCard is an established fuel card that offers numerous advantages. It’s accepted at more than 45,000 service spots around the country. It permits cardholders to carry a balance from month to month without charging an annual fee. It’s accepted at 95% of gas stations across the country and gives you 3 cents back every gallon. It has perks like points for shopping and roadside help. The reports are also available as PDF files for download.

Drivers who frequently stop at ExxonMobil service stations can benefit from using the ExxonMobil Business Fleet card. Its 6 cents per gallon cost is among the lowest in the market. The number of merchants accepting this card is more than that of several rivals. It also provides forecasted service updates.

Reduce Gas Card Fraud

The use of a fuel card to pay for gas can improve your bottom line. On the other hand, be mindful of making illegal charges to your card. If you take precautions, you can avoid falling victim to this con.

Avoid keeping your card in an easily accessible location. Instead, put it away in a safe place. Make sure the card is locked at all times for added security. Aside from being a prudent safety precaution, this will also prevent your card from being stolen.

To get the most out of your fleet cards, have your drivers fill in their personal details. While this does assist prevent fraud, it’s important to be wary of the numerous other frauds that exist.

With a reliable fleet card program, you can track how much money each driver is spending. When their card reaches their limit, they can notify you. As a bonus, this will aid in avoiding fuel leakage. Keeping track of your fuel costs and car usage is much easier with the help of a payment system like WEX.

In addition, the most useful fleet cards will let you limit the number of transactions per day and the hours they can be used. This will prevent your drivers from squandering fleet resources on personal errands.

Contact a WEX specialist for assistance in selecting a fleet card. More than 45,000 service sites across the United States are operated by this single organization. Another option that can give you more power is a fleet card designed just for your business.

Get to use the WEX EDGE financial system

You can save money through the WEX EDGE savings network whether you’re a large corporation or a sole proprietor. The network also gives you access to special savings on gas, in addition to discounts on hotels and wireless services. Spend less on gas and other expenses, including auto parts. The EDGE Fleet Card is a cutting-edge tool for managing your finances that will help you save even more cash.

Truck stops, hotels, petrol stations, and other retail establishments are just some of the hundreds of venues that make up the EDGE network. As an added bonus, the WEX EDGE savings network also includes a gasoline tracking system, an intuitive online truck permit system, and a helpful online fuel calculator. The WEX EDGE fleet card has many useful functions, such as those listed above.

The ability to monitor gas purchases in real time using the WEX EDGE savings network’s fuel card is a notable feature. In addition to increasing your overall mileage, this also makes it simple to spot potential areas for saving money on gas. Fuel rebates of up to 3 cents per gallon are available with the company’s fuel cards. These discounts are available exclusively at retail outlets carrying the participating brands and may change from one location to the next.

 

Your fuel savings will be clearly displayed in an intuitive dashboard that is part of the WEX EDGE savings network. The EDGE service suite also features an efficient online truck permit system and a straightforward administration portal.

Present notifications and tracking in real time

 

The gasoline costs of any company, no matter how big or little, can be better managed with the use of a fleet fuel card. Using a fleet card also allows for comprehensive records of all purchases made using the card. Having access to in-depth reports can help you save money and lessen the likelihood of fraud.

 

Protect your fleet from fraud with fleet gasoline cards that provide real-time monitoring and notifications. The utilities industry is particularly in need of this. Furthermore, a fleet gasoline card can be tailored to cover a certain range of expenses. You have the option of requiring a special ID at checkout or restricting purchases to select stores only.

 

To keep fuel expenses in check and minimize wasteful spending, you have the option of imposing purchase limitations and restrictions. There are a number of fleet gasoline cards that have their own digital hubs and mobile apps. These sites allow users to monitor gas usage and receive notifications when the odometer is not acting normally. Exception reporting is a further possibility, albeit its availability will depend on the platform.

 

Real-time alerts when a driver goes over their spending limit is another useful function of a fleet gasoline card. For added protection in the event of fraud, you can enable the card to demand a distinct ID with each purchase.

 

Nearly all U.S. gas stations and service stations accept WEX fleet fuel cards. The protection they provide makes them an excellent option for companies concerned with cutting costs associated with fuel consumption.

Credit card that can be used at gas stations around the country

 

There are a variety of gasoline cards available to help you save money, no matter how big or small your fleet is. Some of the cards provide discounts at retail partners, while others offer features like real-time documentation and automatic IFTA reporting.

 

To save money and time, consider using a WEX Fleet Cross Roads Card. More than 45,000 U.S. service stations accept it, including many non-chain truck stops. WEX ClearView is included as well, and it provides a clear and concise breakdown of your fleet’s fuel costs. Additionally, you can restrict customers based on their zip code and limit their daily gallon consumption.

 

Discounts on office supplies, tires, and cell phone contracts are also available at WEX Cross Roads. To cut costs even further, you can join the WEX EDGE Savings Network. It’s the best card for fleets because it comes with the widest acceptance base.

 

The WEX Gasoline Card is just one of many fuel cards available. The WEX FlexCard is the simplest option and there are no initial costs associated with it. The WEX Connect mobile app features a convenient gas station and truck stop locator. Online account management features, such as automatic IFTA reports, are also available.

 

For companies who use a wide range of vehicles, WEX offers the Cross Roads card. It’s an excellent choice for fleets because it provides connectivity to both the public WEX EDGE Savings Network and WEX’s internal networks.