Are discounts the same for all fuel stations in a network?
No, each fuel card works a little differently so you should look at your business needs and determine which option is right for your business. Some fuel cards take a “market-minus” approach in which the fuel card provider takes the market rate for fuel and subtracts a set discount and passes that along to the carrier. Other cards operate on a “cost-plus” model where the discount is based on the fuel station’s cost of buying fuel, and adding a percentage fee on top of that. These fees are lower than typical markup for fuel at these stations, allowing for consistency and maximum savings for the cardholder.
Do I need to be part of a fleet to get a fuel card?
A fuel card can be used by an owner operator, a driver in a fleet of 1000 trucks, or anyone in between. If you are looking to save money on diesel, then a fuel card is the tool for you.
Are fuel cards free?
The cost of your fuel card depends on your provider. Some fuel cards, like the Convoy-recommended TCS Fuel Card, are free to use and have no associated fees for in-network transactions. Many fuel cards, however, have monthly, transaction, or funding fees. To maximize savings, it is important to understand all the discounts and fees of your fuel card options before selecting the right one.