Credit cards v fuelGenie
Unlike credit cards, the fuelGenie card benefits from no annual charges, transaction fees, minimum monthly spend or APR rates. Additionally, up to 45 days interest free credit is provided.
Cards can be linked to either the driver or the vehicle and there is no limit to the number of cards available.
The fuelGenie fuel card can be used at over 1,370 locations and drivers can take advantage of fuel at 3p per litre lower than the national average. Credit cards can be used at motorway or service stops, but fuel is often much higher here than the national average.
With a fuel card, drivers do not need to keep credit card receipts and expenses are reimbursed instantly.
Businesses will benefit from more control over spend and costs by locking drivers down to purchases only on fuel, oil or car washes. Accurate and individual mileage costs can be made rather than taking national average ppm’s. Real-time spend can be monitored easily and efficiently, unlike credit cards that requires manual processing.
Furthermore, expense claims without a receipt makes some VAT unrecoverable, whereas a fuel card provides an HMRC approved invoice and a comprehensive VAT breakdown.