Discover the power of fueling your small business with the right gas credit card! With so many options out there, Flik Eco is here to help you choose the best one for your business needs - in a simple, understandable, and engaging way. Read on to find out how gas credit cards for small businesses can optimize your operational costs, as well as our top picks for the cards that pack the most value.
Gas Credit Cards For Small Business Table of Contents
The Benefits of Gas Credit Cards for Small Businesses
- Fuel Rebates: Many gas credit cards offer fuel discounts or cash back rewards on your gas purchases, making it less expensive to fill up your business vehicles.
- Expense Tracking: With a designated gas card, you can easily track and categorize fuel expenses, making accounting easier and more accurate for your business.
- Extra Perks: Some cards come with additional benefits, like roadside assistance or extended warranties on vehicle maintenance and repairs.
How to Choose the Right Gas Credit Card for Your Business
- Compare Rewards Programs: Not all gas credit cards are created equal. Look for one that offers the most competitive cashback or points rewards programs on gas purchases.
- Review Perks and Benefits: Ensure the card you choose offers additional benefits and perks that align with your business needs.
- Consider Card Acceptance: Choose a card that is widely accepted at gas stations in your region, making it more convenient for your drivers to use.
- Examine Costs and Fees: Some cards may charge annual fees or have higher APRs. Make sure you understand the costs associated with the card before making a decision.
Top Gas Credit Cards for Small Businesses
1. Shell Small Business Fuel Card
With the Shell Small Business Fuel Card, businesses can save up to 6 cents per gallon at Shell-branded gas stations. There's no annual fee, and you'll receive monthly expense reporting to help manage fuel costs. Plus, enjoy additional benefits like roadside assistance and fraud protection.
2. ExxonMobil Business Fleet Card
This card offers up to a 4% rebate on fuel purchases at Exxon and Mobil stations, along with detailed reporting to help you track expenses. No annual fee and the card is accepted at 90% of U.S. fuel locations, ensuring convenience for your drivers.
3. BP Business Solutions Mastercard
Businesses can save up to 6 cents per gallon with a rebate on BP gasoline purchases with this card. Additional advantages include expense tracking features, extended warranties on vehicle maintenance and repairs, and no annual fee.
Gas Credit Cards For Small Business Example:
Imagine you own a small delivery business with three trucks, and you spend an average of $1,500 on fuel per month. By using a gas credit card offering a 3% cashback on fuel purchases, you could save around $540 per year on gasoline costs—money that could be reinvested into your growing business. Not to mention, using a dedicated gas credit card also simplifies your business expense tracking, ultimately saving time and effort on bookkeeping tasks.
Now that you are armed with the knowledge of the best gas credit cards for small businesses, you're ready to optimize your fuelling costs and foster growth in your company. Don't forget to explore more guides on Flik Eco to continue learning about personal finance, investing, and all things money-related. If you found this article helpful, why not spread the wealth of knowledge by sharing it with your friends and fellow entrepreneurs?
