Small business owners face a sea of choices when buying fuel for company vehicles. On the low-tech end, there’s cash or a simple business debit card. These options leave the small business owner to do all the legwork of tracking expenses. On the high-tech end, there are fleet fuel cards that come with incentives and analytics. Below, we discuss three important factors to consider when comparing fuel cards: locations, savings, and flexibility.
Some fuel cards are accepted at a single brand. For example, the Wawa Fleet Card is accepted at over 850 Wawa fueling locations (99% Wawa sites have diesel). This makes it a great option for businesses that consolidate their fueling at a single location or brand. The Wawa Universal Card, on the other hand, is accepted at Wawa as well as 95% of U.S. fueling locations. This makes it a great option for businesses that love Wawa, but also need the flexibility to fuel wherever their routes take them on a given day.
Fuel Card Savings
Fleet fuel cards are a better way to manage business fueling expenses, which can save you a lot of time. Small business owners can save time by stopping the inefficient practice of manually maintaining their fuel reports. With real-time purchase tracking and comprehensive reporting, you get the info you need when you need it. Additionally, the Wawa Fleet Card has no setup, annual or card fees, which means you can save a few bucks as well.
Cash Flow Flexibility
Small businesses can struggle with cash flow, especially during their first five years. The Wawa Fleet Card and Wawa Universal Card both come in two different payment options. One is a charge card, where the balance is paid in full each month. The other is a credit card, which offers you the flexibility to carry a monthly balance, allowing you to make more strategic choices around cash flow.
All Wawa cards allow you to set purchase controls to limit employee spending by purchase amount, product type, time of day, and more. Small business owners can pull reports on transactions, exceptions, and more. These reports give quick insights into spending. Many small business owners and managers live busy lives on the go. Wawa fleet customers can also use our mobile app to monitor spending, make payments, and check available credit.
Running a small business is a challenging experience. Choose a fuel card that helps you tackle those challenges.