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Better than cash

Better than cash

In some cases, you may not want to have to carry cash around with you everywhere that you go

. As an alternative, you can use something known as a fuel card in order to pay for your fuel and possibly other vehicle related expenses.

These fuel cards are particular useful to business managers. It is a good way for them to be able to manage and control the amount of money that is being spent on fuel within your company. It makes it easy for you to be able to track the amount of spending that goes on in this area by each individual employee.

At the very beginning, fuel cards and petrol cards where only accepted if they had the company's name, vehicle registration, and other information right on the card. Around the 1980's this began to change as these cards were equipped with electronic strip technology. From that point on it was possible to collect electronic data about the money being spent using a fuel card.

Petrol cards are often favoured over a regular credit card or cash for a variety of reasons. One thing that is often cited as an advantage is the elimination of the need to carry cash. There is no longer the need for cash to be given to drivers directly. This eliminates the possibly of that cash being stolen by the driver. They will have no need to try to steal a petrol card since it has no monetary value to the driver.

Fuel cards are more than just a trust issue. They also have benefits for the drivers as well as the company in the way of a points system. There might be opportunities to receive money back after a certain amount has been spent or other forms of rewarding the user of the card. Companies would be wise to look into which fuel providers offer the best rewards systems for the company.

The best argument in favour of using this kind of card is that the company will be able to track how effective your drivers and indeed your company is. All of these benefits are good incentive for you to switch to this system. Whatever reason you may have for running things the way that you are currently running them, you should look into and consider moving towards a petrol cards system. As you watch the money savings and increased security you are likely to realise the positive change you have made.

Better than cash

By: barry summers
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