Fuel cards usually offer users preferential rates vs pump prices. Using a credit card to pay for fuel expenses means that drivers will pay the price displayed on the forecourt. |
Company credit cards, as the name suggests, allow businesses to tap into credit, and pay bills at the end of the month. However, they often attract hefty interest rates. Fuel cards usually offer a cheaper way of accessing credit. |
Using a credit card requires drivers to keep a receipt for every single transaction, for submission to HMRC. Using a fuel card means that there is no need for individual receipts. Businesses receive one HMRC-compliant invoice at the end of the month. |