Allstar Plus ‘All-in-one’ Business Credit and Fuel Card
- Earn an introductory bonus of £150*
- Up to 44 days interest free on purchases**
- Savings on fuel and vehicle servicing/repair
If you’re running a fleet of vehicles, you’ll find yourself with dozens of drivers who need to fill up daily and expense their purchases.
Fuel cards can help stop fuel from becoming an admin nightmare. Let’s look at how they work.
Fuel cards are very similar to business credit cards, but they can only be used to purchase petrol and related goods – so they’re mostly for businesses that are in the transportation industry in one way or another.
The idea is that when you own a business that possesses, say, a fleet of 20 or 30 trucks that travel across the UK all the time, you need to find an efficient way for drivers to pay for petrol and expense it. A fuel card allows you to do that without giving each driver a full credit card and potentially opening a can of worms because of misuse.
Fuel card providers have a partnership with different networks of petrol stations across the UK – meaning each of them will offer a somewhat limited choice of petrol stations you can use them at. Keep that into account when picking your fuel card, or your drivers may end up having to make a detour just to fill up.
As far as credit goes, in most cases fuel cards are more like charge cards than credit cards. They’ll have an interest-free period, at the end of which you’ll be billed and asked to pay off your debt in full. You can’t accumulate a balance with a fuel card, which is why you won’t see any rate advertised on providers’ websites; they simply don’t accrue any interests at all.
However, you may also come across prepaid fuel cards. In that case, you need to deposit money on the card before using it, and you’ll only be able to spend as much as you’ve deposited.
If you have a fleet of vehicles to manage, fuel cards undoubtedly come with a series of appealing benefits:
There is no unique answer as to which of the two options is better – it depends on what your business looks like. Here are a few things you may want to think about before making a choice:
Comparing fuel cards isn’t the easiest job because providers won’t disclose all the details of what they offer on their websites. So, it’s a good idea to narrow down your search to three or four cards that you think may work for you and then get in touch with them, asking for a bespoke offer. In order to compare different deals, try looking at:
Fuel cards offer quite a specific service, so if you have the same set of issues but are looking for something a bit more flexible, you can consider the following:
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The Allstar Plus credit card is a combined business and fuel card that promises to reduce your business admin and improve cash flow.
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Saving time on expense reports and streamlining your cash flow are just a couple of the many perks you could enjoy with a business credit card. Compare interest rates and check your eligibility today.
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