Fuel cards

Ok, I've purchased my truck (05' T600) leased on to a small company but thinking about a fuel card for myself or do I use a credit card that pays back money or bonuses.

 

i dunno i would go with ever one had a lower percentage rate and other things that would make it better than the other one, but thats just me...

 

the hook will take a fuel card....but not a credit card...either way pay off the balance ASAP

i personally would carry one of each....i just got a thing in the mail for the new "j" card.....im thinkin real hard about gettin it

good choice in trucks BTW.....now hows she specced????

 

I would suggest you do everything possible to pay cash. I understand the difficulty when you are just starting but you will find the benefits of paying cash will eventually outweigh the convenience of using any card.

I do sometimes using a credit card. I would suggest you find a Mastercard with whatever benefits you could use it for, such as cash back, flying miles, discounts on fuel, etc...

I personally use a cash back Mastercard. The percentage I get back coupled with the discounts from using cash usually puts me at about a 7% discount total for fuel.

Every trucker is in a different situation so you need to figure out what's the best for you based on cash flow, fuel prices in your area, taxes, and what you're hauling - such as weight.

 

Being that you are leasing to a company, they will most likely require you to use their fuel card. It makes it easier for them to process the ifta reports. Otherwise, you will have to provide copies of the fuel purchases to them to support the fuel tax purchases.

 

If the company you are leased to offers a card that might be the way to go. The company I am leased to gets a substancial discount off the cash price at the pump at J and TA's and Petro also has a cash advance feature so I can run on their money with no fee's. And as one other mentioned it is easier for getting ifta taxes filed.

 

i try to use cash as much as i can

at the pump its 3-7 cents cheaper
200 x 3.42 = 684

200 x 3.46 = 692

thats eight bucks a fill up, twice a week is 16

times 52 weeks a year

thats 832 bucks a year your giving away

i think i did that right ...?

 

What about Comdata or TCH cards? Any O/O's use them?
I have them at my company job, but I am searching options for when I go on my own.