Archive for January, 2009

Information About Fuel Cards and Gas Cards Payments

Thursday, January 29th, 2009

saving on fuel with gas cards  Fuel Cards: Information About Fuel Cards and Gas Cards Payments

A fuel card simplifies the process of filling fuels. It has several advantages and disadvantages. There is a multi service fuel card for trucks. T-Chek is the leading fuel card provider.

A fuel card is used for paying for diesel, petrol and other fuels at filling stations. Due to these, there is no need to pay cash at such stations. The payment terms may change from supplier to supplier.

Fuel card refueling

For pump operated outdoor terminals, insert and remove the fuel card once. Enter the PIN, mileage and registration. Choose the pump number. Draw fuel into the vehicle and return the pump to the holder. Insert and remove the fuel card for the second time. Collect the printed receipt. For cashier indoor terminals, submit the fuel card to the cashier for validation. Draw fuel into the vehicle on forecourt and return to the kiosk. Give details of pump number to the cashier and submit fuel card. Confirm that the fuel transaction details are true and sign the fuel receipt. Maintain the copy of receipt and fuel card.

Fuel card program

In Georgia, a fuel card program is provided by Wright Express. This enables fuel purchases at more than 7000 locations in Georgia and 170,000 locations in the United States. This program has an information system for management and accountability of motor vehicles and fleet operations. This system has a record of fuel purchases, minor repairs, emergency services and usual operational costs. Federal and local taxes are subtracted from the fuel bill for gasoline purchases. They are 25 cents per gallon. There is a 24 X 7 customer service. The fuel card is compatible to the business type. The card security is achieved due to the Personal Identification Number (PIN). Federal excise tax, state sales taxes and county sales taxes are subtracted for vendors in the tax exempt program. The management decides the customized purchasing parameters. Card can be replaced in 24 hours. The electronic billing capability decreases the administrative costs. WEX-Online enables simple access to the account information using a user name and password. Here, the transaction details can be checked. There exist monthly reports for all fuel and non-fuel purchases.

Advantages

  • More security
  • Wholesale fuel prices
  • Fleet efficiency and MPG reporting
  • Points and reward schemes
  • Filling patterns can be customised by Smartchip technology
  • Reduced administration through management tools

Disadvantages

  • Short credit periods
  • Responsibility of wrong transactions lies with customer
  • Long card cancellation periods
  • Card provision charge applied on a monthly or annual basis
  • Retail cards offer pump prices

Fuel card provider

T-Chek is the leading fuel card provider. These provide transportation services for single truck operations as well as large fleets in the market. Also, several fuel purchase and technology services are made possible. There is a T-Card fuel card and online data regarding fuel purchase. Fuel tax, log audit processing, temporary permits and driver funds transfer are the other facilities that exist.

Multi Service Fuel Card

This fuel card can be used at more than 3100 stops in the United States and Canada. Along with this card, free Multi service directories can be obtained. They furnish specific data about amenities and locations of all truck stops. Multi service has launched the Select Price Stops program. This program directs truck drivers to low cash price stops on major highways and interstates. Also, the fuel costs are decreased by 2 to 5 cents per gallon and there are zero transaction fees. The customer support is active 24 X 7. The fleet management can be improved by monthly management reports and itemized billing. Such reports can be seen and downloaded online or mailed to the person.

Gas cards

There are several gas cards in the market to purchase gasoline. One such featured card is Discover Open Road Card. This has a 0% Intro APR on purchases and balance transfers. There is no annual fee and easy online account management options. A 5% cashback bonus on gas and auto maintenance purchases exists. 5% to 20% cashback bonus is given at the exclusive online shopping site. Other purchases have upto 1% unlimited cashback bonus. There is a $0 fraud liability guarantee. Easy online account management options are present.

By Abhay Burande
Published: 11/16/2007

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How to Benefit from Gasoline Credit Cards?

Monday, January 26th, 2009

How to Benefit from Gasoline Credit Cards?

With the high price of fuel these days it is rare to find a gasoline company that will give you a break on the price of gasoline, but with a gasoline credit card you may be able to ease some of the expense while monitoring your gasoline spending habits. Here’s how…

With the high price of fuel these days it is rare to find a gasoline company that will give you a break on the price of gasoline, but with a gasoline credit card you may be able to ease some of the expense while monitoring your gasoline spending habits.

There are two basic types of gasoline credit cards. The first is a gas company card offered to customers through certain gas companies. This kind of card is beneficial to the person who is trying to control his or her gasoline budget. It functions similarly to a credit card with monthly fees and interest. Most gasoline credit cards require you to pay the balance in full at the end of each month. Although this kind of card limits you to purchasing gas or in-store items from the station where the card was purchased, it can be helpful if you are trying to control gasoline expenditures. A gasoline credit card is also generally easier to purchase than a traditional credit card.

gas credit card

The second gasoline card is the gas reward card that offers incentives through credit card companies. Some credit card companies have started rewards programs with incentives that offer free gas rewards. Similar to frequent flyer miles, gasoline credit card holders can earn points every time a purchase is made. These points add up over time and can be converted into free gas. Purchasing a gasoline credit card may also be beneficial if you maintain a good credit history. Gas companies will fight to keep you as a loyal customer and lower your interest rates if you continue to use their brand. Many gas credit cards can initially be purchased at a zero interest introductory rate. This rate will last anywhere from six to twelve months. Be careful to read over the fees and agreements before choosing your card.

There are other incentives to owning a gas card including cash back bonuses of 1-2% at grocery stores or restaurants. Some gas credit cards offer free fraud protection services if your card is lost or stolen. A little bit of research can help you find the best card. When deciding whether or not to get a gasoline credit card, think about the benefits of a company card or a rewards card. Both will help ease the stress of making an inevitable gasoline purchase. A gasoline credit card is best for the person who wishes to maintain a budget and control expenditures whereas the rewards cards can help you save money and get free gas. You can read more on gas station credit cards here.

By Gary Bunn Published: 4/18/2008

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Consider These Things Before You Apply For Gas Credit Cards

Sunday, January 25th, 2009

 

5 Things To Consider Before You Apply For Gas Credit Cards
By Adam Carnegie

 

Nearly all gas stations these days offer a credit card that users can receive rewards or rebates with to help improve customer loyalty. Traditionally, a user fills up with gas at the gas station, pays with the corresponding gas credit card and receives either rebates toward future fuel purchases, or a rebate in the form of a check or gift card. With so many programs available nowadays, there are some important factors one should consider before applying for a gas credit card.

1. Does the credit card program charge an annual fee?

If the card you are considering applying for costs $50 to have, and only gives 1% cash back on gas purchases, you will want to do the math to figure out if the program is truly beneficial for you. If you look at credit card comparison websites, you will find that there are several gas rebate cards available for no annual fee – these are a good place to start.

2. How big is the rebate you will be receiving?    credit cards rebates

Traditionally, the majority of gas cards offer between 3% and 5% back on every gasoline purchase you make with the card, however some go as low as a fraction of a percent, so it is important to be well aware of the terms of the rewards program to make sure you are receiving the best return available to you.

3. What form do the gas rebates come in?

Most gas credit cards offer rebates in the form of credits toward future gasoline purchases or checks or gift cards mailed to you in the amount of your accrued rebates. You will benefit the same from either method, some consumers tend to prefer one method over the other.

4. Does the program have an annual rebate limit?

The majority of gas cards have an annual cap that only allows users to receive a set amount of rewards each year. Some programs are as low as $100 each year, while some go as high as $1,200 or even unlimited. For those that travel a lot and want to maximize their rebate earning potential, this is a very important factor.

5. Which gas stations can you purchase fuel at?

The most common type of gas rebate card is limited to one specific gas station chain, though there are a number of rewards programs nowadays that will provide rebates towards purchases at any gas station. Some issuers do not allow rebates on gas credit cards to be earned on purchases at club or warehouse stores, etc.

It is important when considering a gas credit card rebate program to read the program terms and fully understand what is being offered. Some cards offer no more than a mere penny for every $10 spent while others can save you as much as a few hundred dollars a month if chosen properly.

To compare gas credit cards online with all the industry jargon and program terms translated into plain English, visit CardSense.net or read up to date reward program profiles at the CardSense Blog.

Article Source: http://EzineArticles.com/?expert=Adam_Carnegie

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