What is a fuel card?

A fuel card is a payment solution for fleets that enables effective control over fuel expenses, tolls, and other related services. It works similarly to a traditional credit card – it can simply be used for cashless transactions when paying for specific types of purchases.

Main benefits of using fuel cards:

• Expense tracking and control: Fuel cards allow companies to effectively monitor and control fuel expenses. It’s easy to check how much fuel was purchased, where and when the transaction occurred, and which driver or vehicle used the fuel.
• Simplified accounting: Fuel cards make it easy to generate detailed reports on fuel purchases, simplifying accounting processes and supporting compliance with tax regulations.
• Flexibility and convenience: Drivers don’t need to carry cash or company credit cards. They simply pay with the fuel card – a convenient and secure solution for on-the-road payments.
• Ability to set limits and restrictions: Companies can set spending limits on fuel cards and restrict their use to fuel or specific related products or services, such as lubricants or car wash maintenance.
  

Using fuel cards is an effective way to manage fuel expenses and related services, helping companies streamline operations and reduce administrative burdens.

With the Eurowag fuel card, users gain access to unbeatable fuel prices and pre-approved credit up to EUR 5,000. The card is accepted across a wide acceptance network in 30 European countries and can be used not only for fuel payments but also for tolls and vignettes.

Learn more about the different types of fuel cards in the article

Fuel Card Comparison – Choosing the Best Fuel Card for Your Business Needs.