Fuel is the largest expense for trucking companies. That’s why freight factoring companies offer fuel card programs. Fuel card discount programs can provide big discounts every time you fill up, saving you thousands of dollars each year. Truckers that factor freight invoices can immediately enroll in a free fuel card program.
Fuel cards are used by trucking companies all over the country regardless of the size of their fleet. These handy cards are a trucker’s key to saving money at the pump no matter where the road takes them.
With fuel cards, truckers find savings no matter where they go. Drivers never have to waste time looking for deals when they refuel. Instead, fuel cards for trucking companies provide significant fuel discounts at all major truck stops across the US and Canada, so drivers can quickly fill up and get back on the road.
Fuel cards are available for free to factoring clients. Once you’re approved for factoring, you can enroll in the fuel card program. Once your enrollment application is submitted, your fuel card will be in the mail the following day. All factored loads are eligible for up to a 50% advance upon load pickup. Get the peace of mind that comes with knowing you’ll always have cash on hand to take on new opportunities.
Fuel Cards Benefit Trucking Companies
Fuel cards are an easy way for trucking companies and owner-operators to monitor spending and control costs. Here are a few ways your trucking business will benefit from enrolling in a fuel card program:
- Free enrollment
- Fuel rebates
- ATM accessibility
- 24/7 online account access
- Control and monitor carrier spend
- Quickly send cash to carriers for unexpected expenses
- Fraud prevention tools
- Discounts on tires, maintenance, lodging & more
Fuel Card Programs We Work with Include:
Fuel Cards & Advances for Trucking Companies
Fuel cards are available for free to factoring clients. Once you’re approved for factoring, you can enroll in the fuel card program. Once your enrollment application is submitted, your fuel card will be in the mail the following day.
Fuel advances are another advantage to factoring freight. All factored loads are eligible for up to a 50% advance upon load pickup. Get the peace of mind that comes with knowing you’ll always have cash on hand to take on new opportunities. Get more information on fuel advances.
What types of fees are associated with fuel cards?
Fuel cards come with various fees that can impact your overall expenses. Here’s a breakdown of common charges you might encounter:
- Account Setup Fee: Some providers may require a one-time fee to establish your account.
- Administrative Fees: Often assessed per gallon, these fees might only apply when fuel is purchased at stations outside a specified network.
- Late Payment Fees: If your fuel card operates on an invoicing system, you could incur fees for late payments. Check the billing cycle and due dates to avoid these extra costs.
- Monthly or Annual Card Fees: It’s not uncommon to be charged a monthly fee, often around $10 per vehicle. Some providers might also have an annual fee instead.
- Transaction Fees: Depending on the type of transaction, fees can range from a few cents to a few dollars.
- Over Credit Limit Fees: Should you exceed your card’s credit limit, expect additional charges.
- Payment Processing Fees: These can occur when using debit or credit cards for payments. Opting for ACH payments might help you avoid these fees.
- Account Reinstatement Fees: If your account gets suspended, reinstating it typically comes with a fee.
- Account Research Fees: While some providers offer free support for account or billing inquiries, others might charge for this service.
By understanding these potential fees, you can make more informed decisions and effectively manage your fuel card expenses.
All Carriers Who Factor Invoices Are Eligible for Fuel Cards
By partnering with freight factoring companies, trucking businesses can acquire immediate cash advances to help take care of shipments in a timely, efficient manner. As a result, transportation companies will add profit to their bottom line by accelerating company cash flow. Significant fuel discounts accompany fuel cards. These discounts can be applied directly at the pump.
- Fuel advance programs – up to 50% advance at time of pick up
- Same day funding
- Simple, flat-fee factoring
- Highest advance rates
- No hidden fees
- No long term truck factoring contracts. Factor only what you need, when you need it.
- Online account management
- Recourse and non-recourse truck factoring programs
