Getting paid

Depending on the broker, fuel advances are given AFTER you are loaded. They may pay the fuel for the load, depending on the particulars, but can be a bit short. It can very quite a bit from broker to broker and an easy place to get burned if you are not careful.
Also, some brokers consider this 'prepayment' and may partially discount your fees after all is said and done. Be sure and clarify this in writing before accepting a load.
The only fuel advances I'm familiar with are thru Comdata or T-Check.

 

fuel card would be a better option. far as payment i cant hlep you

 

Most truck stops charge ~3% more when you use a credit card. You're better off with a fuel card -- check out NASTC

 

I know people who will haul for a broker, mainly because they offer an advance or quick pay option and therefore end up with mediocre loads. Try not to fall into this trap.

 

Credit cards on Fuel purchases?

I just looked at my finances for my company this morning, the average fillup for one truck was $1100 and that can't go on a credit card - the truck stop is limited to the transaction amount to avoid fraud by the user.

It is a formula for disaster.

You should have at least a months worth of operating funds in the bank before you venture out into the real world. Living load by load is why many are in trouble, they can't afford to properly run their business which includes maintaining their trucks and what we end up with is desperate people taking anything they can just to keep afloat.

 

After a few months of hauling you should never need a cash advance on a load if you do you'll be on a slow spiral out of trucking. I also think factoring companies are a ripoff, every week you should turn a profit DONT BLOW IT first few weeks suck it up stay out the truck stops don't spend money only move loads into good areas stay out the bad.

The reason I say this is if you can't afford fuel what are you going to do when you have something come up unexpectedly? I cut two tires at a receiver a few months back the had some plate steel on the ground that was coving a really bad spot I said you want me to back over there I was told yes backing up while three guys stood there not 15ft from me the outside drives slid rights on the edge cutting both outside drives $1,654 road call out. My point is things happen all the time and you need the capital to take care of these things in the event something happens there's more to trucking than just buying fuel.

 

I do not think this is going to work for you, but what do I know?

 

It's about a free tank of fuel in a year's time (give or take depending on how much you drive/fuel) just pay the balance off every month and allow the points to roll into any balance at year's end. I no longer do this but used to load up the company fuel card from my own credit card in this manner for additional savings. It's not a bad idea nor a sign of financial weakness. Just another way to game things and save money. Also there are no limits on straight up credit card purchases for fuel. If you swipe at the pump, yes, it will limit. To avoid that you go inside and have the cashier advance pay off your credit card $700-$1,000 or whatever amount of fuel you know it will take. But you ought to be doing this in conjunction with a fuel card otherwise you're losing about 5-10 cents a gallon from that fuel card that you'll never see using cc.