Vehicles

Inside the Industry's Hottest Fleet Cards - Which Card is Right For You?

Posted on January 1, 2001 by LCT Staff - Also by this author

Fleet cards offer flexibility, cost reduction and convenience, enabling you to monitor and manage all fuel-related costs. But with so many different programs available, how do you know which card will meet your needs and give you the best deal at the same time? Every fleet manager’s requirements are different. You should determine what’s most important to you and your business – and then start shopping around. Today’s Programs Offer More Flexibility and Increased Advantages Many fleet managers, particularly those with major operators, constantly monitor competing fleet-card programs. They’re always shopping around for potential savings and increased benefits, such as a greater percentage discount or a more versatile reporting program.

Depending on the program you choose, it may be possible to expand the card’s credit line for additional vehicle services and products, or to establish authorization controls to set purchasing limits. The goal is to give the fleet-card manager flexibility and control. “The first thing we look for is accessibility,” says Todd Stephens, vice president of operations for BostonCoach. “We don’t have one centralized program, and since we pay our drivers hourly, to have gas stations a half-hour away from our office because we get a better deal just wastes money.”

Stephens counts price and management reporting among the top factors that influence his choice of a fleet-card program. “Most of the major fuel companies have pretty much the same deals and they’re all tiered,” he says. “As far as percentage discount, they’re all relatively consistent. Just make sure the program you choose does offer a discount of some sort based on your purchases.” Benefits that major fleet managers look for include:

For the entire story, pick up the January 2001 issue of LCT!

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