Fuel card providers work with fuel station brands to offer discounted fuel prices. These fuel stations create a network where carriers can enjoy discounted fuel rates by using their fuel card. Depending on the provider, the card will either function as a credit card – allowing carriers to pay for fuel using a line of credit that they then have to pay off, or as a debit card – allowing carriers to add funds to their card before transacting at the fuel station.
The Convoy Fuel Card acts as a debit card so carriers need to add funds to the card before they can begin transacting with it. However, carriers who also use Convoy Factoring can access a line of credit and fund their fuel card using that.