Here are the key differences:

Fuel Cards

  • Discount fuel prices available

  • Better security and prevention of fuel fraud with cards linked to a vehicle/driver

  • No interest on purchases for up to 3 weeks

  • Employees can only purchase fuel (and related services like windscreen replacement, tyres and M6 toll where selected)

  • No need for receipts

  • Simple HMRC-compliant invoicing with clear VAT separation

  • Card management tools

  • Ability to monitor filling patterns

  • Fleet efficiency & MPG reporting

  • Reduced internal administration costs

  • Some cards offer points/rewards scheme

Credit Cards

  • Discounts on fuel prices not available

  • Both fuel and non-fuel fraud is harder to identify and prevent (cards are not linked to specific drivers/vehicles or limited just to fuel)

  • APR rates vary and offers may change after introductory periods, plus interest payable on purchases

  • Employees can purchase anything

  • Need to keep all your receipts

  • Invoicing with VAT is a longer process

  • Some offer a rewards scheme

As you can see, there are many distinct advantages that a fuel card can offer over a credit card. If you’re still unsure on how a fuel card can aid your business, our team of experts are on hand to help further explain the benefits. Explore how a fuel card works here.