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Up to 6
Cents off a gallon
Up to $120
Annual fee
27.24%
Purchase APR (variable)
580
Recommended credit score
Annual fee | Up to $120 |
---|---|
Annual fee conditions | Up to $10 per card per month, up to $120 per card annually |
Welcome offer | N/A |
Rewards | 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network |
Purchase APR | 27.24% variable |
Balance transfer APR | N/A |
Minimum Credit Score | 580 |
Issuer | Mastercard |
Review by
Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.
The Universal Premium Mastercard® is a fleet credit card with an annual fee per card of up to $120 and a whole lot of other fees, including late payment fees of $150 or 10.99%, whichever is greater, up to 10 cents per gallon program admission fee, up to $15 check by phone fee and up to $50 fee for each ACH or Wire payment.
On the positive side, you can get volume rebates of 3 cents off per gallon at the Retail Savings Network and 3 cents off when you buy 30,000 or more gallons in a month. You can get a 5% rebate on purchases at Firestone and Tires Plus locations. That said, other fleet credit cards only require you to spend 10,000 or more gallons per month to get a 6 cents per gallon rebate. Unfortunately, this may not be enough to offset the number of fees you could end up paying.
If you’re looking for a fleet card to maximize your rewards and streamline your company finances, you may want to look elsewhere.
Apply with a fair credit score of 580 or higher.
Because the fees seem to outweigh the benefits of this card, you may want to look for another business card that also offers gas rewards. Compare your options to find the best card for you.
The Universal Premium Mastercard® comes with so many obnoxious fees that you’ll likely incur some each billing cycle. Also, the threshold to get 3 cents per gallon rebates is three times higher than with other fleet credit cards. There are better business cards with up to 3% cash back on gas purchases or fleet cards with 6 cents off per gallon, making it easier to get.
Consider any other business credit card as an alternative and you likely won’t be wrong.