Have more control over your fuel spend with these best prepaid fuel cards
What are Prepaid Fuel Cards?
Prepaid fuel cards are a good way to cut the time spent squinting over accounts. There are no expenses forms to process, and you don’t need to spend countless hours pondering over lost receipts and unaccounted for items.
Best of all, they’re totally unlike a credit card. There are no fees to consider and no minimums to meet. It’s as simple as having your cash in card form. And, for the most part, you get to cash in on the cash prices, too!(Gas station dependent).
The Best Prepaid Fuel Cards
So what are the best prepaid fuel cards? Expert Market carried out research on the different types available and discovered the best prepaid fuel cards are:
The Best Prepaid Fuel Cards Explained
When it comes to prepaid fuel card options, there are actually several roads you can go down. The list above features three different types of prepaid fuel card.
- Branded Prepaid Cards
- Unbranded Prepaid Cards
- Expenses Management Prepaid Cards
The route you take depends on what you want from your card. Do you want to benefit from cash prices? Would you like greater control over your expenses in general? How about the savings and security of a credit card company?
Read on to discover the differences between the three types of cards. Scroll down to find out about each of our best prepaid fuel cards.
Prepaid fuel cards are better known as gift cards here in the US. But don’t be put off by that term. Fuel companies actually recommend small businesses use them to manage their spending.
Most gas companies supply them; it’s just a case of going for the branded card with the largest number of gas stations within your business operation area.
For example, West Coast companies should check out the ARCO Prepaid Fuel Card for great value, quality gas.
Those that operate on a wider scale should check out Shell for pretty solid gas station distribution – certainly in Texas, Oklahoma, Tennessee, Indiana, and along the East Coast states.
Unbranded Expenses Management Cards
Bento for Business is well rated on review forums such as G2 Crowd and Trustpilot. Expenses management cards can be limited to just fuel expenditure so employees don’t use them willy nilly.
The only downside to these cards is you have to invest in the expenses management software, too. Prices start from as little as $29 a month for 10 cards. So if you can make that cost up in time gained and better expenses control, an expenses management card is well worth looking into.
Unbranded Prepaid Cards
If you’re looking for a prepaid card that offers you rewards, the Mastercard Business Prepaid is worth considering.
The card is free and there’s no application process so you don’t run the risk of not being accepted. You receive some of the perks of a credit card, including Purchase Assurance and Extended Warranty Insurance – but it isn’t a credit card.
Best of all, you benefit from the Mastercard Easy Savings scheme. Granted, the rebate for fuel offered is fairly limited compared to the Mastercard Fleet Card but money back is money back, right?
The Best Prepaid Fuel Cards Rated
|1||Shell Refillable Card||Best for fuel station distribution|
|2||Mastercard Business Prepaid||Best for perks|
|3||Bento for Business||Best for expenses management|
|4||ARCO Prepaid Fuel Card||Best for gas station coverage and national coverage|
1. Shell Refillable Card
- Plenty of refuelling locations
- Load different amounts onto the card
- Track spending online
- Pay cash price (gas station dependent)
- No rebate on spending
- Only basic online account management
2. Mastercard Business Prepaid
- Receive rebates from participating businesses
- Extended Warranty Insurance
- Purchase Assurance
- MasterAssist Travel Assistance Services
- Rebates aren’t as generous as the Mastercard credit card
- Can’t accept payments onto card
3. Bento for Business
- No personal liability
- Funds protection
- Easy to use tracking dashboard
- Turn cards on and off instantly
- No rewards
- Takes time for funds to register on the card
4. ARCO Prepaid Fuel Card
- Easy to use
- Access to ARCO’s cheap fuel
- Only use on fuel purchases
- Avoid fees associated with credit cards
- No account management
- Call up to add funds
Now you know all about the best prepaid fuel card options; it’s time to decide which is best for you.
If you think a fleet card may be better for your business, read our article on the best fuel cards for truckers for more information.
1. What are the best prepaid fuel cards for rewards?
If you invest in a Mastercard Business Prepaid fuel card, you can benefit from the Mastercard Easy Savings Scheme. Receive rebates on fuel, food, travel and more.
2. What are the best prepaid fuel cards for account management?
Branded prepaid fuel cards offer fairly limited account management. If you’re looking to have more control over spending on cards, consider an unbranded one. Both Bento for Business and Netspend have apps where you can easily check in on accounts.
3. What is the best prepaid fuel card for small businesses?
All prepaid fuel cards are good for small businesses. If your company is very small, branded prepaid cards are the easiest way to control fuel spend costs. For slightly larger businesses, prepaid fuel cards that come with account management are the better option. However, there are often small costs involved with these cards.