Fuel Cards from CSC Fuel Card Group
This coincides quite obviously with the severe rise in fuel the UK has been subjected to this year. Just 10 years ago, a barrel of crude oil was $10. At the time of creation of this release, a barrel of crude oil was trading at $126. Due to crude oil being priced in dollars, each time the dollar drops in value, so a barrel increases but with economic slowdown in the US, the rise we are witnessing should not be as ferocious.
CSC Group (http://www.cscgroup.org.uk) provide fuel cards for the UK, Ireland and Europe giving the ability, through an approved network of fuel outlets, to issue one price for fuel across that network.
So, why get a fuel card if you have a credit card? The only similarity is in the way in which the need for carrying cash is eliminated.
The first and most obvious benefit of fuel cards would have to be the possibility of buying petrol, diesel or other fuel at a discounted price. This is such a large benefit due to the ongoing rise of fuel especially in the UK where fuel is more expensive than just about everywhere else in the world. If you have a transportation business or your company has several cars for the employees, then the fuel card is the way to go. You do not have to give a driver cash and all the invoices come with tax shown individually. This is important when operating a business because it smoothes the progress of tax recovery.
Fuel cards can be programmed in such a way that one can use them to buy one type of fuel or more depending on your needs. Because the fuel cards use Smartchip technology the number of fuelling transactions can be limited. These and other advantages make the fuel card more and more popular for both business and particular use.
Further benefits are listed below:
1. Simplified administration with itemised drawings in easy format in one invoice;
2. Simplicity of VAT reclaim even for European fills;
3. No home fuel tanks with security, monitoring and insurance implications;
4. You pay for actual drawings in arrears without necessarily needing to buy in bulk;
5. You pay for exact fuel amount used;
6. Costs are negotiable and often creditworthy businesses can agree a wholesale tariff cheaper than pump price;
7. A driver can fill on the road in Europe and take advantage of cheaper fuel provided that facilities fall within the card network;
8. In the event of fraud or misuse, cards can be electronically and quickly stopped;
9. Some card companies offer individual limits on each card for even greater control;
10. Returning drivers can fill to capacity when leaving EC ports and maximise cheaper prices of fills.
For more information on fuel cards and the benefits, please visit http://www.cscgroup.org.uk
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