In a nutshell, a fleet card (or fuel card) is a type of payment card that allows for easy management of expenses associated with company-owned vehicles. Unlike a corporate credit card–which can be used for a broad set of authorized purchases – fleet cards are designed to be used specifically for expenses related to managing vehicles. Businesses such as trucking companies, ridesharing services or delivery providers will often issue individual fleet cards to employees who…

Anyone whose livelihood depends on them being on the road for extended periods knows the costs associated with being away from home can add up quickly. Food, lodging, and especially fuel are significant expenses. Indeed, fuel is the top variable expense for any fleet — often equating to  more than 75 percent of a fleet’s variable expenses. A fleet of 500 vehicles, each driving 24,000 miles per year, accumulates 12 million total miles annually. With…